The number Directors of the corporation shall be 3 Directors.
Beginning on January 1, 2022, the number of Directors shall increase
from three (3) to five (5) Directors. They shall be elected at the annual
meeting of the members and each Directors shall be elected to serve
until the second succeeding annual meeting after his election and until
his or her successors have been elected. At the first annual meeting, to
be held on the 18th of August, 1973, there shall be elected one Director
for a period of one (1) year, one Director for a period of two (2) years
and one Director for a period of three (3) years; thereafter the terms of
each elected Director shall be three (3) years from the date of his or
her election. The terms of the three (3) Directors who are already
serving prior to January 1, 2022, shall expire at the annual meeting in
the year 2023, and thereafter shall be elected by the membership for
two-year terms. The two (2) new Director positions created on January
1, 2022, which terms shall expire at the annual meeting in the year
2022, shall be appointed by a majority vote of the three (3) currently
serving Directors, and thereafter shall be elected by the membership
for two-year terms. Thereafter, the terms of the Directors shall stagger,
with three (3) Directors being elected in odd-numbered years and two
(2) Directors being elected in even-numbered years. All Directors must be owners or co-owners of a Lot within Wild River, but only one co-
owner of any single Lot may serve as a Director at any particular time.
What’s the justification?
Stacking the court with so many appointed officials will take the decision making out of the hands of the membership. The Board can’t win using common sense rules so they have to cheat!
Currently between the board, arc, treasurer, secretary they have a total of almost 20 votes. Adding two more directors could increase that number to 25, depending on how many lots they own.
Recommendation: While serving the community on the board or ARC, those members may only cast one vote.
Three Board of Directors is an adequate number.
Vote Hell No!