A meeting of the Board of Directors shall be held at such place in the Ojai Valley as the President shall designate at 3:00 o’clock P.M. on the third Friday of each month if not a legal holiday, and if a legal holiday, then on the next succeeding Friday at the same hour. The Board of Directors may change the time of the meeting. Individuals eligible to attend board meetings are 1) shareholders; 2) a tenant or other occupant of property that receives water service from Senior Canyon; 3) an elected city or county official who represents people who receive retail drinking water service from Senior Canyon; or 4) any other person eligible to participate in board meetings under Senior Canyon’s By-laws. The President may establish a reasonable time limit for comments from Eligible Persons.