Bylaws of Hudson Bayou Neighborhood Association, Inc. - Page 4

H. Removal of Directors, Officers and/or Employees. Any director, officer and/or employee may be removed by the Board of Directors whenever, in the judgment of the Board, the best interests of the Corporation will be served thereby, by a vote of two-thirds of the Board of Directors. Failure to attend three (3) consecutive meetings without a valid excuse shall constitute cause for the removal of a director.

I. Delegation of Powers. For any reason deemed sufficient by the Board of Directors, the Board may delegate any power or duty of any officers or directors to any other officer or director, but no officer or director shall execute, acknowledge or verify any instrument in more than one capacity.

J. Limitation of Indebtedness. Expenditure of Association funds, by recommendation of the Board of Directors for any one project, shall not exceed the current balance of funds within the Treasury of the Association and any borrowing beyond that must have the approval of the membership at a special or annual meeting.

ARTICLE VI. Officers

A. Officers. The officers of the Corporation shall consist of the President, Vice President, Secretary and Treasurer, all of who shall be members of the Board of Directors. After the association has been in existence for two years, each officer shall be elected to hold office for a period of one (1) year.

B. President. No person shall be elected to the office of President who has served less than one (1) year on the Board of Directors. The President shall preside at all meetings of the Board of Directors, make all committee appointments, and perform all other duties usually pertaining to the office of President.

C. Vice President. The Vice President shall preside at all meetings in the absence of the President and perform all such other duties usually pertaining to the office of Vice President.

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