MEETING OF DIRECTORS
Regular meetings of the Board of Directors shall be held
monthly without notice, at such place and hour as may be fixed from time to time by resolution of the
Board. Should said meeting fall upon a legal holiday, then that meeting shall be held at the same time on
the next day which is not a legal holiday.
Special meetings of the Board of Directors shall be held
when called by the president of the Association, or by any three directors, after not less than three- (3)
days notice to each director.
A majority of the number of directors shall constitute a quorum for
the transaction of business. Every act or decision done or made by the majority of the directors present at a duly held meeting at which a quorum is present shall be regarded as the act of the Board.
POWERS AND DUTIES OF THE BOARD OF DIRECTORS
Powers. The Board of Directors shall have power to:
adopt and publish rules and regulations governing the use of the Common Area and facilities, and the personal conduct of the members and their guests thereon, and to establish penalties for the infractions thereof;
suspend the voting rights and right to use of the recreational facilities of a member during any period in which such member shall be in default in the payment of any assessment levied by the Association. Such rights may also be suspended after notice and hearing, for a period not to exceed 60 days for the infraction of published rules, and regulations;
exercise for the Association all powers, duties and authority vested in or delegated to this Association and not reserved to the membership by other provisions of these By-laws, the Articles of Incorporation, or the Declaration;
declare the office of a member of the Board of Directors to be vacant in the event such member shall be absent from 3 consecutive regular meetings of the Board of Directors; and
employ a manager, an independent contractor, or such other employees as they deem necessary, and to prescribe their duties.
Duties. It shall be the duty of the Board of Directors to:
cause to be kept a complete record of all its acts and corporate affairs and to present a statement thereof to the members at the annual meeting of the members, or at any special meeting when such statement is requested in writing by one-fourth (¼) of the Class A members who are entitled to vote;
supervise all officers, agents, and employees of this Association, and to see that their duties are properly performed;
as more fully provided in the declarations, to