B. Number of Directors:
The primary officers of the Corporation shall have six (6) directors.
C. Qualifications and Tenure of Directors: Directors shall be Class A members of the Corporation. Each director shall serve for a term of two years. Each director shall hold office until his successor shall have been duly elected and shall have qualified. Terms will be staggered so that three directors will be elected each year.
D. Nomination of Directors: At any meeting at which the election of a director occurs, a voting member in good standing may nominate a person with the second of any other voting member in good standing. In addition to nominations made at meetings, the directors may appoint a nomination committee to make nominations for each open position. The names nominated by the nomination committee will be included in the election for directors.
E. Election of Directors: A person who meets all qualification requirements to be an officer and who has been duly nominated may be elected as a director. Directors shall be elected by the vote of the membership of the Corporation. Directors shall be elected at the annual meeting of the members. A director may be elected to succeed himself or herself as director. A newly elected director shall take office immediately after notification of election results.
F. Vacancies: A vacancy occurring in any office will be filled by the directors. A vacancy is filled by the affirmative vote of a majority of the remaining directors, even if it is less than a quorum of the directors. A director elected to fill a vacancy shall be elected for the unexpired term of the predecessor in office.
G. Annual Meeting: The annual meeting of the directors shall be held in conjunction with, and at the same place as, the annual meeting of members.
H. Regular Meetings: The directors may provide for regular meetings by resolution stating the time and place of such meetings. No notice of regular meetings is required other than the resolution stating time and place.
I. Special Meetings: Special meetings of the directors may be called by or at the request of the president or any two directors. The person or persons calling a special meeting shall notify the secretary of the information to be included in the notice of the meeting. The secretary shall notify all directors of the time, place and purpose of the meeting.
J. Quorum: A majority of the directors then in office shall constitute a quorum for the transaction of business at any meeting of the directors. The directors present at a duly called or held meeting at which a quorum is present may continue to transact business even if enough directors leave the meeting so that less than a quorum remains. However, no action may be approved without the vote of at least a majority of the number of directors required to constitute a quorum. If a quorum is present at no time during a meeting, a majority of the directors present may adjourn and reconvene the meeting one time without further notice.
K. Duties of Directors: Directors shall exercise ordinary business judgment in managing the affairs of the Corporation. Directors shall act as fiduciaries with respect to the interests of the members. In acting in their official capacity as directors of this Corporation, directors shall act in good faith and take actions they reasonably believe to be in the best interests of the Corporation and that are not unlawful. In all other instances, the directors shall not take any action that they should reasonably believe would be opposed to the Corporation’s best interests or would be unlawful. A director shall not be liable if, in the exercise of ordinary care, the director acts in good faith relying on written financial and legal statements provided by an accountant or attorney retained by the Corporation.
L. Actions of Directors: The directors shall try to act by consensus. However, the vote of a majority of directors present and voting at a meeting at which a quorum is present shall be sufficient to constitute the act of the directors unless the act of a greater number is required by law or the bylaws. A director who is present at a meeting and abstains from a vote is considered to be present and voting for the purpose of determining the decision of the directors. A director who is represented by proxy in a vote is considered present.
M. Proxies: A director may vote by proxy executed in writing by the director. No proxy shall be valid after three months from the date of its execution.
N. Compensation: Directors may not receive salaries for their services as directors.
O. Removal of Directors: The members may vote to remove a director at any time, only for good cause. Good cause for removal of a director shall include the unexcused failure to attend three consecutive meetings of the directors. A meeting to consider the removal of a director may be called and noticed following the procedures provided in the bylaws. The notice of the meeting shall state that the issue of possible removal of the director will be on the agenda and the notice shall state the possible cause for removal. The director shall have the right to present evidence at the meeting as to why he or she should not be removed, and the director shall have the right to be represented by an attorney at and before the meeting. At the meeting, the Corporation shall consider possible arrangements for resolving the problems that are in the mutual interest of the Corporation and the director. A director may be removed by the affirmative vote of fifty percent of the members.