Real Property Transfer Agreement - 839 SB Ave. – Northeast Neighborhood Revitalization Organization Inc.

Home Browse Search

the City of South Bend as the Northeast Neighborhood, which is bounded on the north by Angela Boulevard and Edison Street, on the east by Twyckenham Drive, on the south by Jefferson Boulevard west of Eddy Street and Colfax Avenue east of Eddy Street, and on the west by the St. Joseph River and Michigan Street. At least one (1) Resident Trustee shall be elected to serve as a resident trustee by the Northeast Neighborhood Council (" NENC"). Article U Section 3. Election QualificatiOA and Term of Office of Trustees. Candidates to be Trustees shall be nominated in accord with the provisions of Section 2 of this Article III. At the regular meeting of the Board of Trustees immediately preceding the expirations of the tern of any Trustee, or at a special meeting called for such purpose, the Trustees of the Corporation by a majority vote shall elect from among the nominees a new Trustee to replace the Trustee whose term will expire, or has expired, and each such new Trustee shall serve for a term of three (3) years and until her or his successor is elected and qualified. The terms of Trustees shall be staggered so that in any given year only a portion of the total number of Trustees shall be elected. A Trustee nominated by a Class A or Class B Member, and subsequently elected and qualified, may be replaced during his or her three (3) year term by the chief executive officer of that institution making a new appointee to the Board of Trustees for its consideration. A schedule of terms for each Trustee shall be distributed to the Members of the Board of Trustees at the annual meeting or as soon thereafter as possible. Section 4. Ouorum and Voting. A majority of Trustees in office immediately before a meeting begins shall constitute a quorum for the transaction of any business properly to come before the Board of Trustees. The act of a majority of the Trustees present at a meeting at which a quorum is present shall be the act of the Board of Trustees. Section 5. Regular Meeting_ The Board of Trustees may hold regular meetings, as . fixed by these Bylaws or by resolution of the Board of Trustees, for the purpose of transacting such business as properly may come before the Corporation's Board of Trustees. Such regular