Tuesday, January 21, 2014

Revised Quorum section in By-Laws



2.05     Quorum. Amended December 5, 2006 by the Board of Directors to be:  At any meeting of the membership of the corporation, the presence of the voting members entitled to vote, or the proxies entitled to vote, thirty four (34%) percent of the total votes of the Association shall constitute a quorum. The act of a majority of the members present shall be the act of the membership, provided a quorum is met, unless a greater number of votes is required by the Declaration, Articles of Incorporation or these Bylaws, in which case said required number of votes must be cast to be the act of the membership.
                        Amended January 11, 2014 by the Board of Directors re: Quorum: That in the mailing of the annual letter, we notify the membership that we are having the meeting and are going to be voting on an issue(s) which require a 34% participation.  We would ask them to send in their vote pertaining to the issue(s) to be decided on by
 a date not less than one week prior the annual meeting.  In cases where we do not receive the 34% membership feedback, the vote of those members present at the annual meeting will serve as a majority vote.