The sole shareholder of the Corporation shall be the Grand Traverse
Band.
The sole shareholder shall act through its Tribal Council pursuant
to the laws of the Grand Traverse Band.
(a)
The annual meeting of the shareholder shall be held on the 20th day
in the month of June beginning with the year 1997, at the hour of
10:00 a.m., for the purpose of appointing Directors and the transaction
of any business that may come before the meeting.
(b)
If the day fixed for the annual meeting shall be a legal holiday,
such meeting shall be held on the next succeeding business day.
(c)
If the appointment of Directors shall not be held on the date designated
herein for any meeting of the shareholder, or at any adjournment thereof,
the Board of Directors shall cause the appointment to be held at a
special meeting of the shareholder as soon thereafter as is convenient.
(a)
Special meetings of the shareholder, for any purpose or purposes,
unless otherwise prescribed by applicable law, may be called by a
majority of the Directors, upon 10 days' notice to the shareholder,
such notice to contain a statement of the business to be transacted
at such meeting, and to be served personally or mailed through the
U.S. Post Office addressed to the Tribal Chair of the Grand Traverse
Band; but at any meeting of the Tribal Council of the Grand Traverse
Band at which a quorum of the Tribal Council is present, the giving
of notice as above described may be dispensed with.
(b)
Any business, in addition to that specified in the notice of the
meeting, may be transacted at any special meeting of the shareholder
with the consent of the Tribal Council of the Grand Traverse Band.
At all meetings of the shareholder all questions shall be determined
in the manner provided by the laws of the Grand Traverse Band for
actions of its Tribal Council, or by any applicable federal law.
