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Article IV Board of Trustees

Wood Meadow II CIA,

ABRIDGED DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR WOOD MEADOW II SUBDIVISION

This document extracts the pertinent information for the Wood Meadows II By Laws.

ARTICLE IV - BOARD OF TRUSTEES

        Section 1. 

    "Board of Trustees"

    The affairs of this Association shall be managed by a Board of five (5) trustees, who need not be members of the Association.


        
Section 2. 

    "Term of Office"

    The initial trustees for the Association set fourth in the Articles of the Incorporation shall hold office until the 1979 annual meeting. At the annual meeting of 1979, the members shall elect one trustee for a term of one year, two trustees for a term of two years, and two trustees for a term of three years; at each annual meeting thereafter the members shall elect that number of trustees equal to the number of trustees whose terms expire at such time, for three-year terms of office.


        
Section 3. 

    "Nomination"

    Nomination for election to the Board of Trustees shall be made by a Nominating Committee. Nominations may also be made from the floor at the annual meeting. The Nominating Committee shall consist of a Chairman, who shall be a member of the Board of Trustees, and two or more members of the Association. The Nominating Committee shall be appointed by the Board of Trustees prior to each annual meeting of the members, to serve from the close of such annual meeting until the close of the next annual meeting. The Nominating Committee shall make as many nominations for election to the Board of Trustees as it shall in its discretion determine, but not less than the number of vacancies that are to be filled. Such nominations may be made from among members or non-members. 


        
Section 4. 

    "Election"

    Election to the Board of Trustees shall be by secret written ballot. At such election the members or their proxies may cast, in respect of each vacancy, as many votes as they are entitled to cast under the provisions of the Declaration. The persons receiving the largest number of votes shall be elected. Cumulative voting shall not be permitted.


        Section 5. 

            "Removal"

                Any trustee may be removed from the Board, with or without cause, by a majority vote of the members of the Association. In the even of death, resignation or removal of a trustee, his successor shall be selected by the remaining members of the Board
               and shall server for the unexpired term of his predecessor


         Section 6. 

            "Compensation"

                No trustee shall receive compensation for any service he may render to the Association; provided, however, any trustee may be reimbursed for his actual expenses incurred in the performace of his duties.

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