8F Consent 2011 0502 - Laserfiche WebLink

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Bylaws, matters which require the approval or vote of Class A Owners will be deemed approved by Class A Owners if approved by the specified percentage of Class A Owners present, either in person or by proxy. at a duly called regular or special meeting at which at least thirty -three and one -third percent (33 -1/3 %) of the voting power of Class A Owners is present. either in person or by proxy, or if approved by written ballot by the specified percentage of Class A Owners if the number of such votes cast by ballot equals or exceeds thirty -three and one - third percent (33 -1 /3 %) of the voting power of Class A Owners. (c) Voting rights shall vest at the time of conveyance of any Condominium. (d) Voting for the members of the Board of Directors shall,be by secret written ballot, and all Owners. excluding the Class B Owner during th /Declarant Control Period, shall be entitled to exercise cumulative voting rights as p rovide&in Section 8.5 of this Declaration. 8.4 Joint Ownership Votes. The vote th attributed to each•Condominium may not be cast on a fractional basis. If a Condominium has more than one Owner and the Owners are unable to agree as to how the vote should be cast, the vote sb 111e forfeited on the matter in question. I f one O` ner casts the\ote attnbuted to a Condominium, the vote shall conclusively bind all the Owners of that Condominium. If more than one Owner casts the vote attributed to,a`6ond in ary in which only one vote can be cast for that Condominium, the votes cast by such,Owners shall not be counted and shall be considered void. 8.5 Cumulative'Voting. (a) The election of members to the of Directors may be by cumulative voting as described herein provided that,a candidate's name has been placed in nomination prior to the.voting and at-lea (1) Owner has -given -office at the meeting prior to the voting of his or her intent of n,to cumulate'votes. If any such Owner has given such notice, then • all Owners shall have the right t c their votes for candidates in nomination. (b) Under voting each Owner. either in person or by proxy, may give a single ■ candidate the number of votes\equal to the number of Directors for whom the Owner is entitled to vote,multiplied by the number of votes the Owner is entitled to exercise under this Declaration, or the O (tier may distribute these cumulated votes among any two or more candidates as the Owner desires. Subject to the provisions of the Bylaws, the candidates receiving the highest number of votes. up to the number of Directors to be elected. shall be elected. (c) Unless the entire Board is removed by a vote of the Owners, an individual director may not be removed prior to the expiration of his or her term if the votes against removal would have been sufficient to elect that director if cast cumulatively at an election at which the same total number of votes were cast and all Directors authorized at the time of the most recent election of that director were being elected, except that this provision shall not apply to Declarant during the Declarant Control Period.