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12382233
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Last modified
10/1/2024 4:04:42 PM
Creation date
9/21/2024 1:56:15 PM
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Permits
Permit Address
265 BUTTE ST N
Permit City
Detroit
Permit Number
555-21-009198-AUTH
Parcel Number
105E01BC13300
Permit Type
Authorization
Permit Doc Type
Permit Document
Status
Ready to Film
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Page 5—OPERATING AGREEMENT <br /> 5.10 Meetings of Managers and Action Without a Meeting. If there is more <br /> than one Manager serving,meetings of the Managers may be called by any <br /> Manager. Meetings of the Managers will be held at the principal office of <br /> the Company,unless another place is fixed by action of the Managers. <br /> Notice of the date, time,and place of all meetings must be given to each <br /> Manager at least 24 hours prior to the meeting. The notice may be oral or <br /> written. Oral notice will be effective when given. Written notice will be <br /> effective at the earliest of the following times: (a)when received by the <br /> Manager, (b)when sent by facsimile or other form of electronic <br /> communication reasonably expected to be received immediately at the <br /> Manager's place of business, or(c)three days after ailing. A majority of <br /> Managers will constitute a quorum for any meeting of the Managers. Each <br /> Manager will be entitled to one vote,and a matter submitted to a vote at a <br /> meeting of the Managers will be approved if a majority of the Managers <br /> voting on the matter wrote in favor of the matter. If all of the Managers <br /> hold a meeting at any time or place,and not Manager objects to the lack of <br /> notice,the meeting will be valid even if there was no notice or the notice <br /> given was insufficient, and any action taken at the meeting will be the <br /> action of the Managers. Any action required or permitted to be taken by <br /> the Managers at a meeting may be taken without a meeting if a written <br /> consent setting forth the action taken is signed by all of the Managers. All <br /> written consents of the Managers must be retained as part of the <br /> Company's records of meetings. <br /> 6. ACCOUNTING AND RECORDS <br /> 6.1 Accounting. The Managers must keep such books and records relating to <br /> the operation of the Company as are appropriate and adequate for the <br /> Company's business. The books and records are to be available for <br /> inspection by the member at the principal offices of the Company. <br /> 6.2 Maintenance of Records. The funds,assets, properties, and accounts of <br /> the Company must be maintained separately,and may not be commingled <br /> with those of the Member or any other person. <br /> 6.3 Fiscal Year. The fiscal year of the Company will be the calendar year. <br />
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