Book: 5327 Page: 3993
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A Director designated by Declarant, as provided in the Articles, may be removed only by Declarant in its sole and absolute discretion and without any need for a meeting or vote. Declarant shall have the unqualified right to name a successor for any Director designated and thereafter removed by it or for any vacancy on the Board of Directors as to a Director designated by it and Declarant shall notify the Board of Directors of the name of th-e respective successor Director and the commencement date for the term of such successor Director. No Director or Officer designated or appointed by Declarant shall be required to be a Member of the Association. 9.06 The first meeting of a newly elected Board of Directors shalil be held in such place and the Directors at the meeting at which they were elected shall fix time as. No further notice of the organizational meeting shall be necessary. 9.07 Regular meetings of the Board of Directors may be held at such time and place as shall be determined from time to time by a majority of Directors. 9.08 Notice of the time and place of regular and special meetings of the Board of Directors, or adjournments thereof, shall be given to each Director personally or by mail, telephone or telegraph at least seven (7) days prior to the day named for such meeting. Any Director may waive notice of a meeting before, during or after a meeting, lmd such waiver shall be deemed equivalent to the receipt ofnotice by such Director. 9.09 A quorum of the Board of Directors shall consist ofthe Directors entitled to cast a majority of the votes of the entire Board of Directors. Matters approved by a majority of the Directors present at a meeting at which a quorum is present shall constitute the official acts of the Board of Directors, except as otherwise provided in the Declaration, Articles or elsewhere herein. If at any meeting of the Board of Directors there shall be less tban a quorum present, the majority of those present may adjourn the meeting from time to time until a quorum is present. At any meeting being held because ofsuch an adjournment, any business which might have been transacted at the meeting as originally called may be transacted. In the case of a meeting, notice to the Directors of such adjournment shall, subject to the Declaration, be as determined by the Board ofDirectors.
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9.10 The presiding officer at Board ofdirectors meetings shall be the President.
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