Quorum of Directors
BY‑LAW NO. 7
THE LINCOLN COUNTY LAW ASSOCIATION
A by‑law to amend By‑law No. 1 being a by‑law relating generally to the transaction of the affairs of The Lincoln County Law Association, a corporation without share capital incorporated by the issuance of Letters Patent on February 21, 1929.
WHEREAS there have been occasions when the board of directors has been unable to transact business at its regularly scheduled meetings due to a lack of quorum;
AND WHEREAS the current constitution does not allow for a reduction in the size of a quorum in the event that the number of directors declines due to directors’ resignations which occur from time to time;
AND WHEREAS it is in the interest of the members of the Lincoln County Law Association that business be conducted on a regular basis at the scheduled board meetings;
NOW THEREFORE BE IT ENACTED as a by-law of the Lincoln County Law
Association as follows:
members of the Association on January 27, 2000, by which the quorum for a meeting of the board of directors was set at ten (10) directors be, and the same hereby is, repealed.
2. That By-Law No. 1 be and, the same hereby is, amended by deleting therefrom Section 36 and substituting therefore the following:
36. A quorum for a meeting of the board of directors shall be achieved when at least fifty per-cent (50%) of the then duly appointed or elected directors are present.
PASSED at a meeting of the Directors of the Corporation held on January 20, 2005.
PASSED at a meeting of the members of the Corporation held on January 20, 2005.