8.30.090 Initial meeting of directors.
(a) After the certificate of incorporation has been issued, an initial meeting of the board of directors named in the articles of incorporation must be held at the call of a majority of directors named in the articles of incorporation for the purpose of:
(1) Adopting bylaws; and
(2) Electing officers; and
(3) Transacting such corporate business as may arise prior to the meeting.
(b) Unless all directors waive notice, the directors who called the meeting must provide at least three days’ notice thereof, by mail, to each director. Said notice must state the time and place of meeting.
(c) Any action permitted to be taken at the initial directors’ meeting may be taken without a meeting only if each director signs an instrument stating the action so taken, and indicating their assent thereto. [Ord. 18 Part VI § 9, adopted, 10/7/2008.]