P. Conflict of Interest.
When any member of the Board of Directors has a direct or indirect substantial financial interest in a matter, or where a family member of such director has such an interest, the director shall disclose such interest at the earliest opportunity, and may thereafter participate in the discussion but may not vote on such matter. Provided, this provision shall not apply where the “financial interest” of the director is only the possible impact the matter may have on the value of the director’s residence. The Board by a 60% vote of those present may augment these provisions by promulgating a conflict of interest policy. Such policy may be more (but not less) stringent than provided herein, and such policy, as modified from time to time, shall be effective as if a part of these by-laws. Board members are encouraged to refrain from voting if there is an appearance of such a conflict of interest.
Article VI: Officers
A. General: Designation of Officers, Powers, Election, Limitation on Terms, and Vacancies.
The President shall control and manage the property, business, and affairs of the Association, subject to the policies and directions of the Board and the members. The President shall preside at all meetings of the members and of the board of directors, and shall be an ex-officio member of all committees other than the Nominating and Elections Committee. The President’s duties may devolve upon a Vice-President as set forth in the following section.
C. First Vice President.
The Vice President shall perform such duties as may be assigned by the Board or the President. If the President is unable to perform any required duty, then the Vice President shall function in his or her stead.
TRASH DELAYED TILL SATURDAY DUE TO HOLIDAY.×