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Article In <br />Board of Directors <br />1. General Powers. The business and affairs of the Corporation shall be <br />managed by its Board of Directors. <br />2. Number, Tenure and Qualifications. The number of directors of the Corporation <br />shall be fixed from time to time by the Board of Directors, within a range of no less than three <br />(3) or more than five (5), but no decrease in the number of directors shall have the effect of <br />shortening the term of any incumbent director: Each director shall hold office until the next <br />annual meeting of shareholders and until his successor shall have been elected and qualified. <br />Directors need not be residents of the State of Colorado or shareholders of the Corporation. <br />3. Regular Meetings. A regular meeting of the Board of Directors shall be held <br />without other notice than this Bylaw immediately after, and at the same place as, the annual <br />meeting of the shareholders. The Board of Directors may provide, by resolution, the time and <br />place, either within or without the State of Colorado, for the holding of additional regular <br />meetings without notice other than such resolution. <br />4. Special Meetings. Special meetings of the Board of Directors may be called <br />by or at the request of the president or any two (2) directors. The person or persons authorized to <br />call special meetings of the Board of Directors may fix any place, either within or without the <br />State of Colorado, as the place for holding any special meeting of the Board of Directors called <br />by them. <br />5. Notice. Notice of any special meeting shall be given at least two (2) days <br />prior thereto by written notice delivered personally or mailed to each director at his business <br />address, or by facsimile. If mailed, such notice shall be deemed to be delivered when deposited <br />in the United States mail so addressed, with postage thereon prepaid. If notice be given by <br />facsimile, such notice shall be deemed to be delivered when the facsimile is sent and a <br />confirmation is received by sender. Neither the business to be transacted at, nor the purpose of, <br />any regular or special meeting of the Board of Directors need be specified in the Notice or <br />Waiver of Notice of such meeting. <br />6. Waiver of Notice. When any notice is required to be given to any director of <br />the Corporation under the provisions of these Bylaws or under the provisions of the Articles of <br />Incorporation or the laws of Colorado, a waiver thereof in writing signed by the person entitled <br />to such notice, whether before, at, or after the time stated therein, shall be equivalent to the <br />giving of such notice. By attending or participating in a regular or special meeting, a director <br />waives any required notice of such meeting unless the director, at the beginning of the meeting, <br />objects to the holding of the meeting or the transacting of business at the meeting. <br />7. Quorum. A majority of the number of directors shall constitute a quorum for <br />the transaction of business at any meeting of the Board of Directors, but if less than such <br />majority is present at a meeting, a majority of the directors present may adjourn the meeting <br />from time to time without further notice. <br />5 <br />