Number and Qualification of Directors. The authorized number of Directors shall be the number set forth in the corporation’s Articles of Incorporation until changed by a duly adopted amendment to the Articles of Incorporation. The Board of Directors may set the number of Directors of the corporation within the range provided in the corporation’s Articles of Incorporation.
Number and Qualification of Directors. The authorized number of directors shall be one (1) until changed by an amendment of the Articles of Incorporation or these Bylaws duly adopted by a vote or written consent of holders of a majority of the outstanding shares.
Number and Qualification of Directors. The affairs of the Association shall be governed by a Board of 3 Directors all of whom must be members of the Association, except for the first Board of Directors, or its successors, before the First Annual Meeting as selected by the Developer. Directors’ compensation, if any, shall be set by the affirmative vote of 60% of all Co-owners, voting by value. Directors of the Association who serve prior to the Transitional Control Date shall receive no compensation.
Number and Qualification of Directors. The authorized number of directors of the corporation shall be not less than two (2) nor more than seven (7), with the exact number of directors to be fixed, within the limits specified, by a resolution amending such exact number, duly adopted by the board or by the shareholders. Such maximum or minimum number of directors, or a fixed board to a variable board or vice-versa, may be changed only by a duly adopted amendment to the articles of incorpora tion or to these Bylaws by the affirmative vote or written consent of the holders of a majority of the outstanding shares entitled to vote (including separate class votes, if so required by the CCC or the articles of incorpora tion); provided, however, that a Bylaw or amendment to the articles of incorporation reducing the fixed number or the minimum number of directors to a number less than five cannot be adopted if the votes cast against its adoption at a meeting or the shares not consenting in the case of action by written consent are equal to more than 16-2/3% of the outstanding shares entitled to vote thereon. No reduction of the authorized number of directors shall have the effect of removing any director before that director's term of office expires.
Number and Qualification of Directors. The authorized number of directors shall be two (2) until changed by a duly adopted amendment to the articles of incorporation or by an amendment to this bylaw adopted by the vote or written consent of holders of a majority of the outstanding shares entitled to vote; provided, however, that an amendment reducing the number of directors to a number less than five (5) cannot be adopted if the votes cast against its adoption at a meeting, or the shares not consenting in the case of action by written consent, are equal to more than sixteen and two-thirds percent (16-2/3%) of the outstanding shares entitled to vote.
Number and Qualification of Directors. The authorized number of directors shall be two (2)until changed by amendment of the Articles or by a bylaw duly adopted by approval of the outstanding shares amending this Section 2.
Number and Qualification of Directors. Each Contributing Partner appoints one member to the Board (each, an “Appointed Director”), affirming that each community has direct and equal representation. The Board, representing local stakeholders, shall also select two additional members at large (each, an “At-Large Director”). All Directors must be residents of
Number and Qualification of Directors. Each Contributing Partner appoints one member to the Board (each, an “Appointed Director”), affirming that each community has direct and equal representation. The Board, representing local stakeholders, shall also select two additional members at large (each, an “At-Large Director”). All Directors must be residents of Clear Creek County, Colorado, and must have reached the age of 18 years on the effective date of their appointment.
Number and Qualification of Directors. Each of the parties shall appoint one members to the Board (each, an “Appointed Director”), who may be an elected official of the appointing Party, or other designated representative. The Board of Directors so appointed shall select three additional members at large (each, an “At-Large Director”). All Directors must be residents of Grand County, Colorado and shall have reached the age of 18 years on the effective date of their appointment.
Number and Qualification of Directors. Election and Term of Office of Directors
