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<br />//7.\ <br />~rr., <br /> <br />! <br /> <br />( <br />',) ," <br /> <br />'\ <br />Ii <br />" <br />w, <br />,~ <br />If; <br /> <br />- <br />.. <br />". Section 10 At each annual reeeting of the stockholders, <br />the Board of Directors shall cause to be presented to that <br />meeting a general statement of the affairs of the Company. <br /> <br />Section 11 The Board of Directors shall have power to <br />delegate authority to do and perform specific acts not inconsis- <br />tent with the law to special committees appointed by the Board. <br /> <br />Section 12 Regular meetings of the Board of Directors <br />shall be held on the first Monday of each month, but meetings may <br />be specially called by the President, two days' notice of the <br />time of the holding of such meeting being given each Director, <br />either in person or by mail. . <br /> <br />Section 13 <br /> <br />(Repealed March 7, 1988) <br /> <br />ARTICLE IV <br /> <br />OFFICERS <br /> <br />Section 1 . The officers of the Company shall be a <br />President, a Vice-President, Secretary and a Treasurer. The <br />President and Vice President shall be chosen from members of the <br />Board of Directors. The Secretary and the Treasurer need not be <br />members of the Board, and both positions may be held by the same <br />person. All elected officers shall hold office until their suc~ <br />cessors are elected an~ qualified, but any elected or appointed <br />officer shall be removable by an affirmative vote of a majority <br />of the entire Eoard of Directors. <br /> <br />Section 2 The President shall presice at all meetings <br />of the Board of Directors and stockholders, shall have general <br />care, supervision and direction of the affairs of the Company and <br />employees, under the supervision of the Board of Directors, and <br />perform such other duties as the Board from time to time shall <br />prescribe. <br /> <br />The Vice President, in the absence of the President, shall <br />preside at the meetings of the Board and of the stockholders, and <br />also do and perform any other acts which the President might do <br />were he present, and do and perform such other,duties as the <br />Boa~d of Directors may from time to time prescribe. <br /> <br />'. <br /> <br />Section 3 The Secretary shall, each year; make a report <br />of the affairs,' accounts and financial standing of the Company, <br />with an estimate for the coming year, within ten days after the <br />January meeting of the Board of ,Directors, and report to be <br />printed and a copy mailed to each stockholder together with the <br />notice of the annual election. <br /> <br />The Secretary shall attend all meetings of the stockholders <br />and of the Board of Directors, and keep a true and fair record of <br />. the proceed ings of such meetings, and sha 11 have charge of all <br />books, papers and documents belonging to the Company: he shall <br /> <br />" <br />Page a <br /> <br />.\ <br />i <br />~, \ <br />.)~ <br />1lil'r' <br />'r 1,~ <br />~ <br />