Special Shareholder Meeting
The Special Shareholder Meeting to discuss the proposed changes to the by laws takes place on Tuesday, August 9 at 7:00 pm in the Community Room. Please keep in mind that protocol for special meetings only permits discussion of the topic that the meeting has been called for. In this case, the topic is In Article III, Section 2 of the By-Laws of Birchwood Glen Owners Corporation, the statement in this paragraph;“It shall not be necessary for a director of this corporation to be a shareholder.”
is to be replaced with: “Only a shareholder of this corporation may serve as a director.”
In Article IV, Section 1,the statement,“The president shall be a member of the Board of Directors, and shall be a shareholder or the spouse of a shareholder, but none of the other officers need be a member of the Board of Directors but shall be a shareholder or the spouse of a shareholder.”
to be replaced as follows;“The president shall be a member of the Board of Directors, and shall be a shareholder, but none of the other officers need be a member of the Board of Directors but shall be a shareholder.”
The acceptance of changes to the by laws is done so by a shareholder vote representing two thirds of the outstanding shares.
NYS Tax Freeze Credit
We have received many calls in the office pertaining to a New York State Tax Freeze Credit.
After numerous phone calls to New York State, we have found out that all shareholders must call New York State to find out if they qualify for the New York State Tax Freeze Credit.
Please call 1 (518) 453-8146. You will be routed through the voice prompt system via a series of questions. You may have to provide your name, address, possibly your SS#. The Swis code is: 472289. There is also a website https://www.tax.ny.gov/
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