Venetian Bay HOA By Laws

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Book: 5327 Page: 3991

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second meeting with the time and date for the second called meeting and shall be sufficient for any adjournment thereof.

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(2) Voting Members shall be entitled to cast the votes attributable to Lots or Dwelling Units in their Neighborhood on all matters requiring action by the Members of the Association.

(3) At meetings of the membership, votes may be cast in person or by proxy. Proxies shall be valid only for the particular meeting designated thereon and must be filed with the secretary before the appointed time of the meeting. A member may withdraw his proxy at any time before it is voted. The proxy must be dated, must state the date, time and place of the meeting for which it was given, and must be signed by the authorized person who executed tht: proxy. If the proxy form expressly so provides, any proxy holder may appoint, i.n writing, a substitute to act in his or her place. A.ny proxy shall automatically expire 90 days after the date of the meeting for which it was originally given.

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ARTICLE IX

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BOARID OF DIRECTORS ELECTIONS AND MEETINGS

9.01. The affairs and property of the Corporation shall be managed and governed by a Board of Directors composed of not less than three (3) nor more than (9) pe:rsons.

9.02 The initial Board of Directors shall consist of three (3) persons, who need not be Members who are entitled to vote in the Association, and who shall be appointed by Declarant. The initial Board of Directors named in the Articles shall serve until the termination of the Class B Control Period and the Owners, other than Declarant, are entitled to elec:t the Directors in the

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