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2007-002 Resolution
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2007-002 Resolution
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1/9/2014 3:51:34 PM
Creation date
12/30/2013 8:01:42 AM
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North Olmsted Legislation
Legislation Number
2007-002
Legislation Date
2/20/2007
Year
2007
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3? <br />NEO SO <br />6_2 Term. The Interim Board of Directors will serve in this capacity until there are at <br />least five Members and until the time as the General Assembly convenes a meeting, whether a <br />Regular Meeting or a Special Meeting, to elect the Board of Directors in accordance with Section <br />7. <br />6_3 Duties. The Interim Board of Directors will have the duties and responsibilities <br />assigned to the Officers of the Board of Directors. <br />SECTION 7 <br />BOARD OF DIRECTORS <br />7_1 General Powers. The Board of Directors is responsible for overseeing the <br />Corporation's business objectives and responsibilities and any other obligations as may be <br />delegated to the Board of Directors by the General Assembly. All of the business, power, <br />authority and affairs of the Corporation will be exercised, conducted, managed and controlled by <br />the Board of Directors, except where the law, the Articles of Incorporation, or this Code of <br />Regulations requires action to be authorized or taken by the General Assembly. <br />7_2 Reporting Requirement. The President, or his or her designee, will report to the <br />General Assembly on those items delegated to the Board of Directors and address any questions <br />the General Assembly may have relative to the same at each (i) Regular Meeting of the General <br />Assembly and (ii) Special Meeting of the General Assembly called for such a purpose. <br />7_3 Dele,gation of Duties. The Board may hire an entity or person to manage the day- <br />to-day operations of the Corporation. <br />7_4 Director Bvlaws. For their own government the Directors may adopt bylaws not <br />inconsistent with the Articles of Incorporation of the Corporation and this Code of Regulations. <br />7_5 Limitation Clause. Subject to the provisions of Chapter 167 of the Ohio Revised <br />Code, the Ohio Nonprofit Corporation Law, the Articles of Incorporation and this Code of <br />Regulations, the Directors are authorized and empowered to do and perform every act and thing <br />whatsoever which they deem necessary, expedient or advisable to carry out the purposes of this <br />Corporation. <br />7_6 Number, Election Membership and Tenure. <br />(a) Number. There will be nine initial Directors. The number of Directors may be <br />fixed or changed at a meeting of the General Assembly called for the purpose of <br />electing Directors at which a quorum is present, by the affirmative vote of a <br />majority of the Members entitled to vote on the proposal, but at no time will the <br />number of Directors drop below three nor increase beyond nine. The number of <br />Directors elected will be deemed to be the number of Directors fixed unless <br />otherwise fixed by resolution adopted at the meeting at which the Directors are <br />elected. <br />-8- <br />Northcast Ohio Sourcing Of;ice <br />???vw. ncoso.org <br />5422 F:GCt')(th St. Suite 150 I 1) 1216.5$1.6200 <br />? <br />Cicvcland, OH 44125 f <br />?.?a? „?? .x..? ?;n,???,,: _ ,,, ,?.,?u?ras?????.,??,<_??•
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