Coach 2013 Annual Report Download - page 294

Section 2.17 Good Faith Efforts. Each Unit Owner shall use good faith efforts to effectuate the purposes of the Declaration and these By-
Laws, including, without limitation, the removal and replacement of any member of the Board of Managers appointed by such Unit Owner.
Section 2.18 Status of the Board of Managers. In addition to the status conferred upon the Board of Managers under or pursuant to the
provisions of the Condominium Act, the Board of Managers will, to the extent permitted by Law, be deemed to constitute a separate unincorporated association
for all purposes under and pursuant to the provision of the General Associations Law of the State of New York. In the event of the incorporation of the Board
of Managers pursuant to the provisions of Section 2.19, the provisions of this Section 2.18 will no longer be applicable to the Board of Managers.
Section 2.19 Incorporation of the Board of Managers. To the extent and in the manner provided in the Condominium Act, the Board of
Managers may by action of the Board of Managers as provided in this Article 2, be incorporated under the applicable statutes of the State of New York,
provided that such incorporation shall not diminish the obligations, rights and powers of the Board of Managers under the Condominium Documents. In the
event that the Board of Managers so incorporates, it will have, to the extent permitted by Law, the status conferred upon it under such statutes in addition to
the status conferred upon the Board of Managers under or pursuant to the provisions of the Condominium Act. The certificate of incorporation and by-laws of
any such resulting corporation will conform as closely as practicable to the provisions of the Declaration and these By-Laws and the provisions of the
Declaration and these By-Laws will control in the event of any inconsistency or conflict between the provisions hereof and the provisions of such certificate of
incorporation and by-laws.
Article 3
Unit Owners
Section 3.1 Annual Meetings. The first annual meeting of the Unit Owners shall be held on the date of the filing of the Declaration, at which
the members of the Board of Managers shall be designated in accordance with Section 2.1 of these By-laws. Annual meetings of Unit Owners shall be held
annually thereafter within thirty (30) days of the anniversary of the recording of the Declaration.
Section 3.2 Place of Meetings. Meetings of the Unit Owners shall be held at the principal office of the Condominium or at such other
suitable place in the Borough of Manhattan, New York City, convenient to the Unit Owners as may be designated by the Board of Managers.
Section 3.3 Special Meetings. It shall be the duty of the President to call a special meeting of the Unit Owners upon proper notice if so
directed by resolution of the Board of Managers or upon the request of Unit Owners representing at least 51% of the Common Interest signed and presented to
the Secretary. The notice of any special meeting shall state the time and place of such meeting and the purpose thereof. No business shall be transacted at a
special meeting except as stated in the notice.
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