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Part 2
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Vol. 2- City of Santa Ana Financing Authority (Police Administration and Holding Facility)
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Part 2
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• <br /> Section 3.13 WAIVER OF NOTICE BY ATTENDANCE. <br /> Attendance of a director at any meeting shall constitute a waiver <br /> of notice of such meeting, unless a director attends for the <br /> express purpose of objecting to the transaction of any business <br /> because the meeting is not lawfully called, noticed, or convened; <br /> provided, however, if after stating his objection, the objecting <br /> director continues to attend and by his attendance participates <br /> in any matters other than those to which he objected, he shall be <br /> deemed to have waived notice of such meeting and withdrawn his <br /> objections. <br /> • <br /> Section 3. 14 ADJOURNMENT. A quorum of the directors <br /> may adjourn any directors' meeting to meet again at a stated day <br /> and hour; provided, however, that in the absence cf a quorum a <br /> majority of the directors present at any directors' meeting, <br /> either regular or special, may adjourn from time to time until <br /> the time fixed for the next regular meeting of the Board. <br /> Section 3 .15 NOTICE OF ADJOURNMENT. If the meeting is <br /> adjourned for more than twenty-four (24) hours, notice of any <br /> adjournment to another time or place shall be given prior to the <br /> time of the adjourned meeting to the directors who were not <br /> present at the time of adjournment. Otherwise notice of the time <br /> and place of holding an adjourned meeting need not be given to <br /> absent directors if the time and place be fixed at the meeting <br /> adjourned. <br /> Section 3 . 16 FEES AND COMPENSATION. Directors and <br /> members of committees may receive such compensation, if any, for <br /> their services, and such reimbursement for expenses, as may be <br /> fixed or determined by resolution of the Board. <br /> Section 3 . 17 TRANSACTIONS BETWEEN THE CORPORATION AND <br /> ITS DIRECTORS. <br /> (a) Corporation and Directors. No contract or <br /> other transaction of the Corporation and one or more or other <br /> transaction between the Corporation and any other corporation, <br /> firm or association_ in which one or more of its directors has a <br /> material financial interest (a mere common directorship shall not <br /> constitute a material financial interest) , is either void or <br /> voidable because such director or directors or such other <br /> corporation, firm or association are parties or because such <br /> director or directors are present at the meeting of the Board or <br /> a committee thereof which authorizes, approves or ratifies the <br /> contract or transaction, if: <br /> (1) The material facts as to the transaction and <br /> as to such director's interest are fully disclosed or known to <br /> the shareholders and such contract or transaction is approved in <br /> good faith by the affirmative vote of a majority of the shares <br /> entitled to vote represented at a duly held meeting at which a <br /> 13 <br />
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