The affairs and management of the Corporation shall be under
the control of its Board of Directors, which shall have the full power
and authority to manage and operate the Corporation in accordance
with this Charter of Incorporation.
The initial Board of Directors shall consist of seven members
appointed by the Tribal Council of the Grand Traverse Band, but the
number of Directors may thereafter be increased or decreased at any
time by a duly adopted resolution of the shareholder.
[History: Amended Tribal Act #00-18.856, enacted by Tribal
Council on May 2, 2000, retroactive to October 23, 1998.]
(a) All Directors shall be members of the Grand Traverse Band, as determined
by the laws of the Grand Traverse Band.
(b) All Directors must pass a mandatory background investigation to determine
their suitability for the directorship position.
(1) A felony conviction, theft-related misdemeanor or the commission
and/or conviction of a crime of violence shall be disqualifying.
(c) No employee of the Corporation managed enterprises shall be eligible
to serve as a Director during the time of such employment.
At a meeting of the Board of Directors, a majority of the Board
shall constitute a quorum for the transaction of business; but in
the event of a quorum not being present, a lesser number may adjourn
the meeting from time to time without further notice.
At a meeting of the Board of Directors, each Director shall
have one vote.
Any action required or permitted to be taken by the Board of
Directors at a meeting may be taken without a meeting if a consent
in writing, setting forth the action so taken, shall be signed by
all of the members of the Board of Directors.
The initial Board of Directors of the Corporation shall consist
of the following persons, who shall serve until the first annual meeting
of the shareholder and thereafter until their successors have been
duly nominated and appointed, and shall have qualified and taken office:
Name
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Address
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George E. Bennett, Tribal Chairman
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2605 N. West Bayshore Drive Suttons Bay, MI 49682
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[1 Tribal Councilor]
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[5 Tribal members appointed by Tribal Council]
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