Reso 2016-2552 - Laserfiche WebLink

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ARTICLE VIII SUBSCRIBERS The subscribers to these Articles on Incorporation are as follows the current members of the City Commission of the City of Sunny Isles Beach, Florida as of May 27, 2016. ARTICLE IX BY-LAWS The original By-Laws of the Association shall be adopted by the Board of Directors and thereafter, such By-Laws may be altered or rescinded by the Board of Directors only in such manner as said By-Laws may provide. ARTICLE X INDEMNIFICATION Every Board of Director and every Officer of the Association shall be indemnified by the Association against all expenses and liabilities, including counsel fees, reasonably incurred by or imposed upon him in connection with any proceeding to which he may be a party, or in which he may become involved, by reason of his being or having been a Director or Officer of the Association, whether or not he is a Director or Officer at the time such expenses are incurred, except in such cases wherein the Director or Officer is adjudged guilty of willful misfeasance or malfeasance in the performance of his duties; provided, that in the event of any claim for reimbursement or indemnification hereunder based upon a settlement by the Director or Officer seeking such reimbursement or indemnification, the indemnification herein shall only apply if the Board of Directors approves such settlement and reimbursement as being in the best interests of the Association. The foregoing right of indemnification shall be in addition to and not exclusive of all other rights to which such Director or Officer may be entitled. The intent of this indemnification is to afford protection to the Directors and Officers of the Association to the maximum extent allowed by law. ARTICLE XI AMENDMENTS Any amendment or amendments to these Articles of Incorporation may be proposed by the Board of Directors of the Association or by the Members of the Association owning a majority of the Voting Interests in the Condominium, whether meeting as Members or by instrument in writing signed by them. Any amendment or amendments proposed must be approved by an affirmative vote of the Members owning a majority of the Voting Interests in the Condominium in order for such amendment or amendments to become effective. Thereupon, such amendment or amendments of these articles shall be transcribed and certified in such form as may be necessary to register the same in the office of the Secretary of State of Florida; and upon the registration of such amendment or amendments with said Secretary of State, a certified copy thereof shall be recorded in the Public Records of Miami-Dade County, Florida. At any meeting held to consider such amendment or amendments of these Articles, the written vote of any Member of the Association shall be