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

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Section 2. Each member of the Board of Trustees named in these Articles of 0 Incorporation. shall serve a term of one (1) year and until her or his successor is elected and qualified. Thereafter, except as otherwise provided in these Articles of Incorporation, Trustees shall serve for terms as specified in or fixed in accordance with the Bylaws of the Corporation. A director may serve any number of consecutive or nonconsecutive terms. Regulation of Corporate Affairs The affairs of the Corporation shall be subject to the following provisions: Section 1. Subject to the provisions of these Articles of Incorporation and applicable law, the Board of Trustees shall have complete and plenary power to manage, control, and conduct all the affairs of the Corporation: Section 2. The power to make, alter, amend, and repeal the Corporation's Bylaws shall be vested in the Board of Trustees. Section 3. No director of the Corporation shall be liable for any of its obligations. Section 4. Meetings of the Board of Trustees may be held at any location, either inside the State of Indiana or elsewhere. Section 5. All parties dealing with the Corporation shall have the right to rely upon any action taken by the Corporation pursuant to authorization by the Board of Trustees by resolution duly adopted in accordance with the Corporation's Articles of Incorporation, Bylaws, and applicable law. Section 6. a. To the extent not inconsistent with applicable law, every person (and the heirs and personal representatives of such person) who is or was.a director or officer of the Corporation shall be indemnified by the Corporation against all liability and reasonable expense that may be v