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Morell Cabin Corporation Shareholders Meeting Minutes July 3, 2009 The annual meeting of the Shareholders of the Corporation

was held at the time and place, and on the date set forth below: Place of the meeting: Morell Cabin, Regina, New Mexico Date of Meeting: July 3, 2009 Time of Meeting: 10:00 AM The meetings business was to act on such proposals, to elect such Directors, and to transact such other business within the power of the Shareholders as set out herein. The meeting was called to order by Mary Morell president of the Corporation. As authorized by the Bylaws, the President presided as Chairperson of the meeting. Lucy Morell Gengler acted as secretary of the meeting and recorded the minutes. The meeting being held in accordance with the terms of the Bylaws of the Corporation, the Chairperson declared the meeting was validly convened. The following Shareholders were present: Attendance: Jill Morell, Billy Morell, Mary Morell, Jerry Morell, Janie Morell-Hart, Julian Morell, Martin Morell, and Lucy Morell-Gengler Absent: Michael Morell The Chairperson stated that a majority of the total number of shares issued and outstanding was represented, that a quorum was present and all prerequisites for the meeting were completed and that the meeting was ready to transact any business before it. Board President, Mary Morell, called the meeting the order. Julian moved and Janie seconded that last year's directors be re-elected for this year and that Billy be appointed as Chairperson of the Board. The motion was approved unanimously. Jill moved and Janie seconded that Jon Gengler be added to the Board of Directors; the motion passed unanimously. Julian moved and Janie seconded that, because getting to the cabin may be difficult for members some summers, 30% instead of 50% of the share holders should constitute a quorum. The motion to change what constitutes a quorum for the Shareholders meeting passed unanimously. Julian moved and Janie seconded that, for the same reason, 30% instead of 50% of the board members should constitute a quorum. The motion to change what constitutes a quorum for the Board of Directors passed unanimously. Janie moved and Julian seconded to forgo the reading of the minutes. The minutes of the July 4, 2008 meeting were approved as written. Julian moved and Janie seconded to adjourn the meeting. The motion carried unanimously. There being no further business before the meeting, a motion duly made, seconded and unanimously carried, the meeting was adjourned. _________________ Lucy Morell- Gengler Date ____________

RATIFICATION We, the undersigned Shareholders, or duly authorized proxies or assignees thereof, have read these minutes, hereby approved, ratify, confirm, and consent to all business as reported herein. 1.___________________ 2.___________________ 3.___________________ 4.___________________ 5.___________________ 6.___________________ 7.___________________ 8.___________________ 9.___________________

The following documents have been appended to these minutes. A. Call of meeting B. Notice of meeting C. Record of e-mailing/phone notice of meeting

Morell Cabin Corporation Board of Directors meeting minutes July 3, 2009 Attendants: Jill Morell, Billy Morell, Mary Morell, Jerry Morell, Janie Morell-Hart, Julian Morell, Martin Morell, Lucy Morell-Gengler, Shanti Morell-Hart, Daniel Morell-Hart and Jon Gengler. Absent: Michael Morell (Senior), Julie Morell, Jeff Morell, Chelsey Morell and Sophie Morell A meeting of the Board of Directors of the corporation was held at the Morell Cabin, Regina, New Mexico, on July 3, 2009 at 10:15 AM. The meeting was a regular meeting, for which call and notice are dispensed with in accordance with the Bylaws. There being a quorum of the Directors of the Corporation, the meeting was called to order by Board Chairperson Billy Morell. Lucy Morell-Gengler acted as secretary to the meeting. Jill moved and Janie seconded to forgo the reading of the minutes. The minutes of the July 4, 2008 meeting were approved as written. Election of officers Martin moved and Janie seconded nomination for officers as follows: President- Mary Morell, Vice - President- Julian Morell, Chairperson of the Board - Billy Morell, Secretary Lucy Morell-Gengler, Vice-secretary Janie Morell-Hart, and Treasurer - Martin Morell. Motion passed unanimously. Treasurers report Martin read the treasures report. The report reflected a balance of about $32,600 at the end of 2008. Martin presented an estimated budget for 2009 which indicated further reductions in the budget. Income has not been keeping up with expenditures especially with the construction of the mini-cabin. Although a cash call was discussed, it was agreed that the budget would remain as is until after determination of the lawsuit. Julian moved and Janie seconded a motion to accept the treasures report. Motion passed unanimously. Julian moved and Janie seconded to accept the treasures report as next year's budget. Motion passed unanimously. Old business Martin moved and Jane seconded to ratify and affirm all actions of officers and directors for the previous year. The motion was approved unanimously. Jerry was going to check to make sure the cabin deeds were signed over to the Cabin Corporation. Insurance and taxes need to be paid. Tarps were purchased to cover the tents instead of putting a roof over the tent pads.

Billy will e-mail old policy list so Lucy can put together new guest policy and check list to give to visitors when they come out. Guests need to leave a message for Mary at her house and call the cabin to let her know when they will be at the cabin. Big thanks to Mary for keeping the cabin so clean and keeping an eye on it when everyone is gone! Mary contacted the Water Users Association; a water tap for the new lot would be about $22. It was decided that we would postpone getting a water tap for the new lot. The log siding matching the mini cabin on the front of the shed and bunkhouse looks great! Thanks to the workers! The bed in moms room and pads by the fireplace were replaced and two new beds in the mini-cabin were purchased. Yea The Board decided to wait until after the lawsuit to do something about the roof. Various power options for the mini-cabin were discussed including propane and electricity. It was determined that electricity would be the best option but that the energy use in the new cabin would be kept at a minimum so the breaker box would not have to be replaced. New business The Cabin Project List (attached) was discussed and it was agreed that some items could wait. It was agreed the Board would look into putting fake wood flooring in the minicabin. Improvements to the shed/bunkhouse were discussed and Martin moved and Jane seconded a motion for a new roof for the bunkhouse, the motion passed unanimously. The next meeting was scheduled for a day on or about July 4, 2010. There being no further business before the meeting, the motion duly made, second and carried, the meeting was adjourned.

_______________________ Chairperson, Billy Morell Dated:

_________________________ Secretary Lucy Morell-Gengler Dated:

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