5. HRSR 03-01-2010 - Laserfiche WebLink

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SECTION 4 MEETINGS of OWNERS 4.1 Place, All meetings of the Oirn.ers shall be held at the office of the Association or at such ether place in the state of Minnesota reasonably accessible to the Owners as may be designated by the Board in any notice of a meeting of the Owners. 4.2 Annual Meetin s. An annual mee6g of the Owners shall be held in each fiscal year on* a date, and at a reasonable time and place, desi.gnatea by the Board. At each annual meeting of the Owners, (i) the persons who are to constitute the .hoard shall be elected pursuant to Section 6; (fi)'a report shall be made to the Owners on the activities and financial condition of the Association; and (iii). any other matter which is included in the notice of the annual meeting, and is. a proper subject for decision by the downers, shall be considered and acted upon at the meeting. 4.3 _ pedal Meeiin s. Special meetings of the .Owners may be called by the President as a matter of discretion. Special meetings of the Owners shall be called by the. President or Secretary within thirty days followffig receipt of the written request of a majority of the members of the Board or of Owners entitled to oast at least twenty-five . percent of all the votes M the Association. The meeting shall be held within sixty days following receipt of tho request. The request shall state the purpose of the meeting, and the business transacted -at the meeting; shall be confined to the purposes stated in the notice. The purpose for which the meeting is requested and held must belawful, and consistent with the Association's purposes and authority under the Governing Documents. 4.4 Notice of Meetin s. Not less than twenty -one nor more than thirty days in advance of any annual meeting of the Owners, and at least seven, but no more Haan thirty, days in advance of any special meeting of the Owners, the Secretary shall send, to all Persons who are Owners as of the date of sending the notice, notice of the true, place and agenda of the meeting. The notice shall be sent by United States mail, or by hand delivery, at the Owner's Unit address or to such other address. as the Owner may have designated in writing to the Secretary. The n.otice shall also be sent to the Mortgagee with respect to a Unit, upon requests at the address Provided by the Mortgagee. Any Mortgagee shall, upon request, be entitled to designate a representative to be present at any meeting, 4.5 o un l di oumment. The presence of Owners in person or by proxy, who have the authority to cast in excess of forty percent of all the votes in the Association shall be necessary to constitute a quorum at all meetings of the Owners for the transaction of any business, except that of adjourning the meeting to reconvene at a subsequent time. The Association may not. be counted in determining a quorum as to any Unit owned by tho . .Association. Any meeting may be adjourned from time to time,, but until, no longer than fifteen y . days later, without notice other than. announcement at .the meeting as initially called. If a quorum is present at the reconvened meeting, any business may be transacted which might have been transacted at the meeting as initially called had a quorum then been present. A quorum., having once- beon established at a meeting or a reconvened meeting, shall continue to exist for that meeting notwitlistandffig the departure of any Owner who was present when the quorum was established. MPLS -word 202367.2