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<br />Section 6, Quorum <br />A majority of the stock present at any meeting of the stockholders either in person <br />or by proxy shall constitute a quorum, <br />Any four members of the board of directors shall constitute a quorum for a <br />meeting of the board of directors. <br /> <br />Section 7 Proxies <br />Any stockholder entitled to vote may be represented at any regular or special <br />meeting of the stockholders by duly executed proxy. <br /> <br />Section 8 Order of Business <br />The order of business at the annual meeting and, as far as possible, at all other <br />meetings of the stockholders shall be as follows: <br />1. Proof of notice of meeting <br />2. Reading of minutes of last meeting <br />3. Annual reports of officers <br />4. Election of directors <br />5. Miscellaneous business <br /> <br />Section 9 Voting <br />Each share of stock represented personally or by proxy at the meeting shall be <br />entitled to one vote. In all instances where a vote is taken on any matter by the <br />stockholders, it shall be by stock vote in the same manner as provided by statute for the <br />election of directors, and the majority vote of the stock present shall control in all cases <br />except where more than a majority is required by statute. . <br /> <br />ARTICLE II <br />OFFICERS <br /> <br />Section 1 Election <br />There shall be elected annually at the regular annual meeting of the stockholders, <br />as herein above provided, five directors who shall serve for the period of one year or until <br />their successors are elected and qualified. Any stockholder whose stock assessments have <br />been paid in full and who shall be a resident of the district served by said corporation shall <br />be qualified as a candidate for election to the board of directors. After their election and <br />at the organization meeting, the board of directors shall select from their number a <br />president, vice-president and secretary-treasurer. <br /> <br />Section 2 Vacancies <br />If a vacancy should occur at any time in the board of directors, the remaining <br />directors at any regular or special meeting may elect a director to fill his place and the <br />position of any office left vacant for any reason may be filled in the same manner. <br /> <br />-2- <br /> <br />'~ <br />