Texas law requires property owners' associations to hold at least one annual meeting of their members. At its core, the Texas Open Meetings Act requires government entities to keep official business accessible to the public.If the founders have not purchased an official corporate seal, delete the foregoing. Texas Corporate Bylaws create the policies and procedures for your corporation. Our free, attorney-drafted template can get you started. (B) Any vacancy occurring in the board of directors may be filled at the next meeting of the board of directors following the occurrence of such vacancy. A form of notice and agenda of a meeting of the board of directors of a Texas corporation. (7) Statement of purpose of meeting required. However, it may meet more frequently, depending on current business needs. Meeting of shareholders called expressly for that purpose.