Common use of Quorum; Board Action Clause in Contracts

Quorum; Board Action. A majority of all the Board shall (1) constitute a quorum of the purposes of transaction the Authority’s business, and (2) be required for an affirmative vote for the Board to take action. Except as to actions identified in Section 4.3, below, requiring a Supermajority vote, and 6/7 vote for bond issuance, the Board of Directors will conduct all business by vote of a majority of the Directors present, if a quorum shall be established, and each Director shall have one (1) vote

Quorum; Board Action. A majority of all the Board shall (1) constitute a quorum of the purposes of transaction the Authority’s business, and (2) be required for an affirmative vote for the Board to take action. Except as to actions identified in Section 4.3, below, those requiring a Supermajority vote, and the 6/7 vote requirement for bond issuance, the Board of Directors will conduct all business business, once a quorum is established, by vote of a majority of the Directors present, if a quorum shall be established, and each Director shall have one (1) vote

Quorum; Board Action. A majority of all the Board shall (1) constitute a quorum of the purposes of transaction the Authority’s business, and (2) be required for an affirmative vote for the Board to take action. Except as to actions identified in Section 4.3, below, requiring a Supermajority vote, and 6/7 vote for bond issuance, the Board of Directors will conduct all business business, once a quorum is established, by vote of a majority of the Directors present, if a quorum shall be established, and each Director shall have one (1) vote