Laserfiche WebLink
specify the methods by which the Corporation shall seek and obtain significant <br />community involvement. Without limiting the foregoing, the Board of Directors shall at a <br />minimum hold at least one (1) public meeting each year which is publicized and to which <br />all interested members of the City of Lakewood community are invited to attend. In <br />addition to the Corporation reporting to the attendees the activities of the Corporation <br />(which reporting shall include the finances of the Corporation including the source and <br />amounts of and any grants received by the Corporation from other entities and the <br />recipients and amounts of any grants, loans or other assistance provided by the <br />Corporation to other entities, and include some or all of the current analysis, planning, <br />strategy, and /or assessment of community health), the meeting shall provide an <br />opportunity for the attendees to provide their input to the Directors as to actions taken by <br />the Directors, future actions the attendees wish the Directors to consider and other issues <br />the attendees wish to raise. The Corporation shall make available on its website the <br />report(s) made at any public meetings and shall make such reports available to any person <br />upon request. The Board shall prepare an annual report regarding the community <br />engagement and accountability activities of the previous year. Nothing contained herein <br />shall prohibit the Board from amending the Community Engagement and Accountability <br />Plan prior to the development of the next Community Engagement and Accountability <br />Plan if the Board determines such amendment is necessary to obtain significant <br />community involvement. <br />ARTICLE VII <br />The Board of Directors may establish such positions of employment as it deems <br />desirable from time to time and shall fix the salaries and other terms of employment for <br />such positions. <br />ARTICLE VIII <br />AGENTS AND REPRESENTATIVES <br />The Board of Directors may appoint such agents and representatives of the <br />Corporation with such powers and to perform such acts and duties on behalf of the <br />Corporation as the Board of Directors may see fit, so far as may be consistent with the <br />Articles of Incorporation and this Code of Regulations, to the extent authorized or <br />permitted by law. <br />ARTICLE IX <br />LIMITATION OF LIABILITY IN DAMAGES AND INDEMNITY <br />Section 1. Limitation of Liability in Damages of a Director. Other than in <br />connection with an action or suit in which the only liability asserted against a Director is <br />for voting for or assenting to a statutorily prescribed asset distribution or loan, a Director <br />of the Corporation will be liable in damages for any action he or she takes or fails to take <br />(K0670267.1) 10 <br />