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Village. Council by a majority vote thereof may waive the requirement that a member <br />be a resident of this Village or a registered architect fox the term of such mem- <br />ber's appointment. <br />Section 5. Compensation. <br />Each member of the Architectural Review Board shall serve without compensation. <br />Section 6. Subinterest of Member. <br />No member or alternate member of the Architectural Review Board shall parti- <br />cipate in the review of any work of which he or any partner or professional associate <br />is the author or in which he or they may have any direct or indirect financial <br />interest. <br />Section 7. Purposes of Board. <br />The purposes of the Architectural Review Board are to protect property on <br />which buildings or structures are constructed or altered, to maintain the high <br />character oF community development, and to protect real estate within the Village from <br />impairment or destruction of value, by regulating according to proper architectural <br />and engineering principals the design, use of materials, finished grade, lines, <br />dimensions, location and orientation of all new buildings or stxuctures hereafter <br />erected, and the moving, alteration, improvement, repair, adding to or razing in whole <br />or in part, of all existing buildings or structures. The Board shall exercise its <br />powers and perform its duties for the accomplishment of such purposes only. <br />Section II. Authority of Board. <br />The Architectural Review Board shall have and is hereby vested with authority <br />to exercise the powers and perform the duties herein provided, and shall have the <br />powers to make its own rules of procedure, with the following limitations: <br />(A) One member of the Board shall be elected Chairman of the Board <br />by the members thereof, and shall be responsible for the proper <br />administration of its duties. <br />(B) One member of the Board shall act as Secretary, and shall keep, or <br />cause to be kept, in the Village Hall, a complete record of all <br />meetings of the Board, and of all transactions handled by the Board. <br />(C) Its quorum shall consist of three or more members. <br />(D) Its official action shall require the affirntative vote of three or <br />more members of the Board. <br />(E) There shall be a standing invitation to the Building Inspector to <br />attend all meetings of the Board. <br />Section 9. Meetings. <br />The Architectural Review Board shall hold such meetings as may be provided <br />by its rules, and all such meetings shall be held in the Village Ha11. <br />-2-