COMPLETEPACKET

BALLOT ITEM #1

1. The 1st paragraph in Article V. Section 1 of the By-Laws is hereby deleted and replaced with the following:

ARTICLE V

SECTION 1. NUMBER AND QUALIFICATIONS

The affairs of the Association shall be managed by a Board of Governors (the “ Board of Governors ” ), whose members shall be natural persons who are Members of the Association in good standing. Each person elected to the Board of Governors shall be elected to a three (3) year term, except for a person elected to replace a vacancy in the Board of Governors as provided in these By-Laws. There shall be three (3) classes of Board of Governors members, classified based upon the expiration dates of their terms. The Board of Governors members whose terms expire in March 2024 and every three (3) years thereafter shall be referred to as “ Class A ” Board members. The Board of Governors members whose terms expire in March 2025 and every three (3) years thereafter shall be referred to as “ Class B ” Board members. The Board of Governors members whose terms expire in March 2026 and every three (3) years thereafter shall be referred to as “ Class C” Board members.

Except as provided to the contrary in this Section 1 :

a. The Board of Governors shall consist of fifteen (15) people until the Annual Meeting of the Members in March 2024.

b. Four (4) members of Class A shall be elected in March 2024. Commencing with the Annual Meeting of the Members in March 2024, until the Annual Meeting of the Members in March 2025, the Board of Governors shall consist of fourteen (14) people.

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