Article 5 - Board of Directors
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Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
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Section 1. BOARD OF DIRECTORS. The Board of Directors, consisting of seven (7) Directors, shall constitute the governing body of the Association.
Only Covenant Members of the Association are eligible to be elected or serve as Directors. Two Directors shall be elected in the year 1987; two Directors shall be elected in the year 1988; and three Directors shall be elected in the year 1989. Each year Directors shall be elected for terms of three years to succeed Directors whose terms have expired. Directors may be elected to succeed themselves.
Section 2. GENERAL POWERS. The Board of Directors shall have the general management and direction of all affairs of the Association and shall make recommendations for changes in the By-Laws with approval of a quorum of Association Covenant Members at an Annual Meeting.
Section 3. REGULAR MEETINGS. A regular annual meeting of the Board of Directors shall be held without other notice than this By-Law, immediately after, and at the same place as the annual meeting of members. The Board of Directors will provide, at said meeting, by resolution, the time and place, within Iroquois County, State of Illinois, for the holding of additional regular meetings, numbering no less than five per year, of the Board without other notice than such resolution.
Section 4. SPECIAL MEETINGS. Special meetings of the Board of Directors may be called by or at the request of the President or any three Directors. The person or persons authorized to call special meetings of the Board may fix any place, within Iroquois County, State of Illinois, as the place for holding any special meeting of the Board called by them.
Section 5. NOTICE. Notice of any meeting of the Board of Directors shall be given at least two days previous thereto, in person, by telephone, or written notice delivered personally or sent by mail to each director at his address as shown in the records of the corporation. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail in a sealed envelope so addressed, with postage thereon paid. If delivered by phone, such message shall be deemed to be delivered when it is left on an automated answering device.
Section 6. COMMITTEES. The Board of Directors may appoint such committees of Association members as it may deem advisable and delegate to such committees the powers and authority deemed necessary to accomplish the purposes for which such committees are appointed.