3.1 Number. The affairs of this Association shall be managed by a Board of three (3) directors, one of which may be a non-owner, however, any non-owner director must stand for re-election every year. When the total number of units sold reaches 30, a fourth director shall be added, and when the total number of units sold reaches 45, a fifth director shall be added.

 

3.2 Term of Office. At the first annual meeting the members shall elect one director for a term of one year, one director for a term of two years, and one director for a term of three years; at each annual meeting thereafter, the members shall elect one director for a term of three years, except in the event a fourth or fifth director is added as provided above in which event two directors shall be added in any such year.

 

3.3 Removal. Any director may be removed from the Board, with or without cause, by a majority vote of the members of the Association. Any Board member whose removal has been so proposed by the owners shall be given an opportunity to be heard at the meeting. In the event of death, resignation, or removal of a director, his successor.shall be selected by the remaining members of the Board and shall serve for the unexpired term of his predecessor.

 

3.4 Compensation. No director shall receive compensation for any service he may render to the Association. However, any director may be reimbursed for his actual expenses incurred in the performance of his duties.

 

3.5 Action Taken Without a Meeting. The directors shall have the right to take any action in the absence of a meeting which they could take at a meeting by obtaining the written approval of all the directors. Any action so approved shall have the same effect as though taken at a meeting of the directors.