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<br />sharehuiut::.L"S. The Beard of Dir~{'t"or~ may provide, by resolution) the <br />time and pla~t::, either within oroutsiri~ ~nlorado, for the holding of <br />additional regula!" 1l1t::t::th~lg5 without cth~r notic~ t"han ocmch resolution. <br /> <br />Sec. 5. SPECIAL MEETINGS: Special meetings of the Board of <br />Directors may be called by or at the requesc of UIt:! President ot' ~mj <br />rwo directors. The person or persons autnorized to caLL spe~lal meeL- <br />ings of thp RnArd of Directors may fix the place, either within or <br />cut~ide Colorado J Bst:he plac'~f01:, holding any special meeting ot the <br />Buard of Dircctor~ c311ed by thpm~ <br /> <br />Sec. 6. NOTICE: Notice of any special meeting shall be given <br />8t least seven (7) UaY~ p.L-evtuuoly thereto by '.;ritten notice rlpl hrprpd <br />personally or mailed to eath direcLuC at his business addrcs~) or by <br />notice given at least tW() days previousiy by t:elegranle 11 111c.1iled, <br />~uch notice shall be deemed to be delivered when deposited in ~h~ <br />Unit~rl St~rps Mail; so addressed, with postage thereon prepaid, If <br />notice be given by tfllpe,ram,cmc.h notLc.e shall be deemed to be deli- <br />vered when the tclegr3ffi is deliv~~pn to_the telegraph company. Any <br />uJ.:t"e\.:LUL flli1Y waive notic.:; of,:}nJ-'m.e-et.i~g. The Btt"pnrl:mce of a direc- <br />tor at a meer.ing, ~hall l:.:ulHititute a ..'aive..- of riotice of such meet-jne;i <br />except where a director actends a meeLiug for the express purpose of <br />ob;ecting to the transaction ot any business oecaust! t.he U1~~Liug is <br />not lawfully called or convened. Neither the business to be erans- <br />acten ~t", nor the purpo~e. Qf,.any regular meeting or special meeting <br />of the Board of Directnr~ nppd be specified in the notice or waiver <br />of I~loticc of 3uch rr&c~-ting-. <br /> <br />Sec. 7. QUORUM~ A majority of the number of directors fixed <br />by Section "2 shall constitute a quurouHl fur Lb~ t.fdnsdction of busi- <br />ness at any meeting of the Board of lJirectors, bu~ if l~s:s Lhdll ::)uch <br />m;:!jority is present at such meetingo' a majority ot the directors <br />present m::IY ~rljol!rn the meeting from time to time without further <br />rioticc. <br /> <br />Sec. 8. MANNER OF ACTING: <br />directors present ae a mee~ing ~L <br />the act of the Board ot Directors. <br /> <br />The act of the majority of the <br />wlJldJ d qUOrl.iill is pl'~acnt ~h~11 <br /> <br />J.." <br />;.,,;; <br /> <br />~pr q, COMPENSATION: By resolution of the Board of Directors, <br />::~~; direC't'nr m~y he. paid by an_y one or more of the following: his <br />cxpcn$cc. if any. of Bttpnn~nrp ~t meetings; a fixed sum for atten- <br />UaUce at each mcetin~; or ~ &tat~d salary ::IS ~ director, No such <br />paymenl,.. sball pLcclude any director from servine the ('nrrnr~t"ion in <br />any other capac icy and reu:~i v LUg compensa t ion there for. <br /> <br />- 6 - <br />