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<br />15. Presumption ofassent. <br /> <br />1 (). Commiuee appointments. <br /> <br />L5. rKESUMPTlON 01" ASSENT. <br />A Dircctor of the Corporation who is present at. :I <br />mccting of the Directors at which action on an)' corporate <br />matter is lllkcn sltall be presumed to Iw.-c :lSSCI\tcd to the <br />action \:!ken unless the Director's dissent sll:111 be cn\ered in <br />the miuulcs of tbe meeting or unless lIte Director sba1l file <br />thc Director's ""nUtn dissent to SUdl action with the persOIl <br />actin& as tbe Se<:rct:\(}' of tbe meeting before lhe <br />adjournment thereof or sh:dt [om,trd such dissent by <br />registered mail (0 \1\e Sccn:tary of (be Corporation <br />iunncdiatcl}' after me adjournment of the mcclillg. Such <br />right to dissent sball 110t 3pply to :l DilCClor who \"Olcd ill. <br />fa\'Or of sucb :tellon. <br /> <br />16, E..\.'"ECU'flVE AND OTHER C()MMl1'TEES. <br />The Board, by [csolutiol\, may designate frolll <br />among its mcutbclS an c....ccutivc (;oulluiucc and Olher <br />conmliuCC$, each consisting ofulle or more Directors. Eacll <br />such commiucc Sl\3U serve at t.he pl~lSUl"C of tbe Board. <br /> <br />ARTICLE IV- OFFICERS <br /> <br />ARTICLE IV - OFFtCERS <br /> <br />1. Number of OfficetS. <br /> <br />I, NUlflBER. <br />Tbe officers of the Corporation shall be a president, . <br />a Vice-President. a Sccret:ll), aud a Tfl:asurc:r, cadi of \\'110111 <br />shall be elected by the Directors. Suell other olIiccrs am) <br />assistan~ otrlCCl'S as lnay be deemed ncccss:u)' may be <br />elected or appointed b}' lite Oircdors. All officers of lhe <br />corporation, c:\"lXpt tbe Sct.,ct;U}, :.h:tU be Sloclilioldcrs of <br />\tw. ())tpo~l\u,\. <br /> <br />2, ELECTION AND TERM OF m"liICI-:' <br />The officcrs of the Corpor.\lion 10 be elecled by lhe <br />Directors shall be clcdcd anuu:ill 'j atlbc firslluo:tiUg of (h~ <br />OircclOfS held after each antluallU\.'Ctillg of the stockholdcr~. <br />Eacb officer shall hold office until tbe officer's :.ucccssor <br />shall lta\'C b:Cll dul)' clected and sball have qualified or UlIul <br />the offaccr's death or until the olTiccr shall resign or shall <br />have been removed in the JIIillutCf hcrciu:lClcr pro\"idcd. <br /> <br />2. Election of Officers. <br /> <br />3. REM.OV AL, <br />A11y oIfacer or :lgCllt eJected or appnilllcd by liP. <br />Din:ctolS uta}' be n:uIO\'Cd b}' till: DircclolS wbel\C\~r it <br />thcir judgmC8t the bl.'SI intCfCSts of the Corporation would b <br />scn'Cd tl1crcb}'. but such rClllQ\-:ll l'llall be without prejudil: <br />La thecon\r.\ct rights, i( :m)', orlhe llCrson so r~no\'l:d. <br /> <br />3. Removal of Officers. <br /> <br />.t. Vacancies. <br /> <br />4. VACANCIES. <br />A vaciwcy in all}' office bcc;1USC of dcaU <br />resignation. removal disqu;1liliCltioll or O\hCfWise. au.1V I <br />rilled by lhe Directors for the unc.....-pircd portioi1 or the l~ru <br /> <br />5. President. <br /> <br />5. MtESlD2NT. <br />The Prcsidel1l sball be lrn: principal cxeclIli <br />o{fcccr of the COcpor3tiOll and, subject (0 tbe control of 1 <br />Din:ctors, sbaU ill gcncr:ll supclvisc and conlrol all of t <br />ousincss and :df.tits of tbe CoqJ(mltiou. TI~ Presideul sh. <br />