Exhibit 3.27
BYLAWS
TRENDMAKER HOMES, INC.
(as amended through November 7, 2011)
ARTICLE I
SHAREHOLDERS’ MEETING
1. The annual meeting of shareholders at which directors are elected shall be held on the first Monday in November at the registered office of the corporation, or at such other time or place within or without the State of Texas as may be designated by the Board of Directors.
2. Special meetings of the shareholders may be called by the Board of Directors, the Chairman, the President or any Vice President.
ARTICLE II
DIRECTORS
1. The business of this corporation shall be managed by a board of three (3) Directors, each of whom shall be elected at the annual meeting of shareholders and shall hold office until the next annual shareholders’ meeting or until his successor shall have been elected.
2. The annual meeting of the Board of Directors shall be held on the first Monday in November of each year, immediately following the adjournment of the annual meeting of shareholders at the office of the corporation, or at such other place as may have been designated for the holding of the annual meeting of shareholders pursuant to Article I hereof. The Board of Directors may provide by resolution the time and place, either within or without the State of Texas for the holding of additional regular meetings.
3. Special meetings of the Board of Directors may be held at such times and places, within or without the State of Texas upon the written or telegraphic call of either the President, or two or more other Directors.
4. Each Director shall be given not less than two (2) days’ notice of any Directors’ meeting, except that no notice shall be required of (i) a meeting held at a time and place fixed by these bylaws or by resolution of the Board, or (ii) a meeting at which the entire Board is present, or (iii) the reconvention of a meeting pursuant to adjournment to a specified time and place.
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ARTICLE III
OFFICERS
1. The officers of this corporation shall be: a President; such Vice Presidents as the Board of Directors may from time to time determine; a Secretary; a Treasurer; a General Counsel; and such additional officers, including one or more Assistant Secretaries and Assistant Treasurers as the Board of Directors may from time to time determine.
2. The officers of the corporation shall be elected annually by the Board of Directors at its annual meeting, and each officer shall hold office until his successor shall have been duly elected and qualify, or until his death, resignation, retirement or removal by the Board of Directors. A vacancy in any office may be filled for the unexpired portion of the term at any meeting of the Board of Directors.
3. Any Director or officer may resign his office at any time. Such resignation shall be made in writing and delivered to and filed with the Secretary, except that a resignation of the Secretary shall be delivered to and filed with the President. Resignations so made shall be effective, if by a Director, upon acceptance by the Board, and if by an officer other than a Director, upon receipt by the Secretary or by the President, as the case may be, unless some other time be fixed in the resignation, and then from the date so fixed.
4. The Board of Directors may appoint and remove at will such agents and committees as the business of the corporation shall require, each of whom shall exercise such powers and perform such duties as may from time to time be prescribed or assigned by the President, the Board of Directors, or by other provisions of these Bylaws.
ARTICLE IV
POWERS AND DUTIES OF OFFICERS
The officers of this Corporation shall have all of the powers characteristic of their respective offices and all other powers which may from time to time be delegated to them by the Board of Directors.
ARTICLE V
FISCAL YEAR
The fiscal year of this corporation shall be the period beginning with the opening of business on January 1 and ending with the close of business on December 31 of each year.
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ARTICLE VI
CORPORATE SEAL
The corporate seal shall have inscribed thereon the name of the corporation, the year of its organization and the words “Corporate Seal, Texas.” The seal may be used by causing it or a facsimile thereof to be impressed or affixed or in any manner reproduced.
ARTICLE VII
CONTROL OVER BYLAWS
The Board of Directors may amend or repeal these Bylaws unless the articles of incorporation or the Business Corporation Act reserve this power exclusively to the shareholder in whole or in part, or the shareholders in amending or repealing a particular Bylaw provide expressly that the Board of Directors may not amend or repeal that Bylaw. The shareholders may amend or repeal these Bylaws, or adopt new Bylaws, even though the Bylaws may also be amended or repealed, or new Bylaws may also be adopted, by the Board of Directors.
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