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-. -. year on a date, and at a reasonable time and place, designated by the Board of Directors. At each annual meeting of the Owners, (i) the Persons who are to constitute the Board of Directors shall be elected pursuant to Section 6, (ii) a report shall be made to the Owners on the activities and financial condition of the Association, and (iii) any other matter which is included in the notice of the annual meeung, and is a proper subject for discussion or decision by the Owners, shall be considered and acted upon at the meeting. 4.3 Special Meetines. Special meetings of the Owners may be called by [he President as a matter of discretion. Special meetings of the Owners shall be called by the President or Secretary within 30 days following receipt of the written request of a majority of the members of the Board of Directors or of Owners entitled to cast at least 25% of all the votes in the Association. The meeting shall be held within 90 days following receipt of the request. The request shall state the purpose of the meeting, and the business transacted at the special meeting shall be confined to the purposes stated in the notice. The purpose for which the meeting is requested and held must be lawful and consistent with the Association's purposes and authority under the Goveming Documents. 4.4 Notice of Meetines. At least 7 days, but no more than 30, days in advance of any annual or special meeting of the Owners, the Secre[ary shall send to all persons are owners as of the date of sending the notice, notice of the time, place, and agenda of the meeting by United State Mail or by hand delivery at the Owners lot address or to such other address that the owner may have designated in writing to the Secretary. 4.5 Ouorutn/Adiournment. The presence of Owners in erson or b the authoriry to cast in excess of fif P Y proxy, who have ry percent (50%) of all the votes in the Association shall be necessary ro constitute a quorum at alI meetings of the Owners for the transaction of any business, except that of adjourning the meeting to reconvene at a subsequent time. Any meeting may be adjourned from time to time, but until no longer than 15 days later, without notice other than announcement at the meeting as initially called. If a quorum is present at the reconvened meeting, any business may be transacted which might have been transacted at the meeting as initially calfed had a quorum then been present. The quorum, having once been established at a meeting or a reconvened meeting, shall continue ro exist for that meeting notwithstanding the departure of any Owner previously in attendance in person or by proxy. The Association may not be counted in determining a quorum as ro any Unit owned by the Association. 4.6 Voting Register. The Secretary shall have available at the meeting a list of the Lot numbers, the names of the Owners, the vote attribu[able to each Lo[ and the name of the Person (in the case of multiple Owners) authorized to cast the vote. 4.7 A enda. I'he agenda for meetings ot'the Owners shall be established by the Board of Directors, and shall be sent to afl owners along with the notice of the meeting.