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-........ Section 5. Va~~n~5_~~~ When any vacancy in the Board shall occur by reason of death, resignation, or otherwise, the remaining members of the Board or a majority of them shall have the power to fill such vacancy; provided, however, that any vacancy in the Board of Directors may be filled by the stockholders at a special meeting call for that purpose. An Director chosen to fill a vacancy shall serve until the next election of Directors or until his successor is elected. Section 6. Q.9J!!Pensa tion Q..[ Directors '_ Directors who are not employees of the corporation may be paid such annual compensation as may from time to time be fixed by resolution of the Board of Directors. All Directors may be allowed a fixed sum and expenses incurred for attendance at each regular or special meeting of the Board of Directors as may be from time to time fixed by resolution of the Board of Directors. Nothing herein contained shall be construed to preclude any Director from serving the corporation in any other capacity and receiving compensation therefore. ~.RTl.(~~~ Y Officers .._. __~_ ..__. ___.,._u. '-.../" Section 1. ~le~t:..io!2 ~I}_Q.. T~A.!!:r_~..!.. The Board of Directors annually shall elect a President and a Secretary. The Board may also elect or appoint such other officers and assistant officers as may be determined by the Board. Any two or more offices may be held by the same person. Each officer so elected or appointed shall continue in office until his successor shall be elected or appointed and shall qualify, or until resignation, removal, death or other disqualifications. The President shall be a member of the Board of Directors; the other officers mayor may not be either Directors or stockholders. Section 2. R~signati~~ ~ng Re~ova]~ Any officer may resign at any time by giving written notice thereof to the Board of Directors or to the Chairman of the Board. Such resignation shall take effect on the date specified therein and no acceptance of the same shall be necessary to render the same effective. Any officer may at any time be removed by the affirmative vote of two-thirds (2/3) of the number of Directors specified in Section 1 of Article IV of these By- Laws, or by an executive committee thereunto duly authorized, either with or without cause. --- Section 3. P~esident~ The President shall be the chief executive officer of the corporation. He shall preside at all meetings of the Board of Directors and of the stockholders; shall have general supervision of the officers and general active management of the business of the