5. HRSR 03-01-2010 - Laserfiche WebLink

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6.4.12 borrow money, and encumber or pledge the assets of the Association as security therefor; provided, that any borrowings in any twelve month period which exceed, in aggregate, twenty percent of the Association's then current annual budget,' shall require approval by a vote of the Owners other than Declar t; 6.4.13 impose reasonable charges for the review, - preparation and recording of amendments to the Governing Domments, resale disclosure certificates required by Section 515B.4 -107 of the Act, statements of unpaid. Assessments, or furnishing copies of Association records; 6.4.14 provide for the indemnification of its officers, directors and committee members, and maintain directors' and officers' liability insurance; 6.4.15 Provide for reasonable procedures governing the conduct of meetings and the election of directors; 6.4.1 6 appoint} regulate and dissolve committees; and 6.4.17 exercise any other powers conferred by law or the Governing Documents, or which are necessary and proper for the governance of the Association. N eetin s and Notices, A:6 annual meeting of the Board shall be held promptly 'following each annual meeting of the Owners. At each annual meeting of the Board., the officers of the Association shall be elected. 6.5.1 Regular meetings of the Board shall be held at least on a •quarterly basis, at such times as may be fixed froin time to time by a majority of the directors. A schedule, or any amended schedule, of the regular meetings shall be provided to the directors, and posted or published fog the information of Owners, to the extent required. by Section 6.5.5. 6.5.E Special meetings of the Board shall be held when called (l*) by the President, or 01) by the Secretary within ten days following the written request of a majority of the. directors. Notice of any special meeting shall be given to each director not less than three days in advance thereof, subject to Section 6.5.e. Notice to a director shall be deemed to be given when deposited in the United States mail postage prepaid to the Unit address-of such director, or when personally delivered, orally or in writing, by a representative of the Board. 6.5.3 Any director may at any time waive notice of any meeting of the Board orally, in writing, or by attendance at the meeting. if all the directors are present at a meeting of the Board, no notice shall be required, and any business may be transacted at such meeting. 6,5.4 A conference among dire+ctbrs by a n*eans of communication through. which all directors can. simultaneously' hear each. other durhig the . conferenee is a Board meeting, if (1*) the same notice is given for the conference as would be required for a meeting, and (u) the number of directors participating in the conference is a quorum. participation in a meeting by this means is personal presence at the meeting. MPLS -'fiord 202367.2 7