Declaration 12 - First meeting

XII FIRST MEETING

As soon as practicable after the registration of this declaration, the owners may, without notice, hold their first meeting for the purposes of electing directors. The board so elected may, without notice, hold its first meeting provided a quorum of directors is present.

Any special by-law and any by-law passed by the board, from time to time, may be confirmed by the owners without a meeting provided the consent to and confirmation of the special by-law or by-law by owners who own one hundred per cent (100%) of the units is endorsed thereon.