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<br />may cumulate such shares of stock and give candidates as many votes as the number of <br />directors multiplied by the number of his or her shares of stock shall require or to distribute <br />them on the same principle among as many candidates as he or she may desire, and the <br />persons having the highest number of votes in consecutive order shall be declared elected the <br />Board of Directors for that year. The president of said meeting shall appoint at each meeting <br />for the election of directors two disinterested persons to act as tellers who shall receive and <br />count the votes cast and announce the same to the President. <br />Section 4. In addition to the published notice required in Section 2 of this Article, a <br />written notice to each shareholder shall be mailed at least thirty days before such meeting, <br />signed by the President and Secretary stating the time and object of said meeting, by <br />delivering personally or depositing in the post office addressed to his last known post office <br />address. <br />Section 5. In case any vacancy shall happen among the Directors, by death, <br />resignation or otherwise, it shall be filled for the remainder of the year by the Board of <br />Directors electing some shareholder to fill such vacancy. <br /> <br />ARTICLE IV <br /> <br />The President shall preside at all meetings of the Directors or stockholders. He shall <br />sign, as President, all certificates of stock and all contracts and other instruments in writing <br />which have been first approved by the Board of Directors. He shall supervise all the officers <br />and employees of the Company, see that their duties are properly discharged, and report to the <br />Board of Directors any negligence or misconduct of such officers and employees. In the <br />absence of the President the Vice President shall perform his duties. <br /> <br />TREASURER <br /> <br />Section 2. It shall be the duty of the Treasurer to keep safely all moneys belonging to <br />the Company and disburse the same under the direction of the Board of Directors. He shall <br />make no payments except as authorized by the Board of Directors. He shall discharge such <br />other duties pertaining to his office as shall be prescribed by the Board of Directors. On the <br />31st of December of each year he shall submit to the Board of Directors a complete statement <br />of his accounts for the past year with proper vouchers for their information and such accounts <br />and vouchers shall be referred to an auditing committee of three shareholders appointed by <br />the Board of Directors, who shall make its report thereon to the annual meeting of <br />stockholders. <br /> <br />SECRETARY <br /> <br />Section 3. It shall be the duty of the Secretary to keep a record of the meetings of the <br />Board of Directors and of the stockholders. He shall keep the book of blank certificates of <br />stock, fill up and countersign all the certificates issued and make the corresponding entries on <br />the margin of each book on such issuance. He shall keep a ledger in due form showing the <br />number of shares issued to and transferred by any shareholder and the date of said issuance <br />and transfer. He shall have charge of the corporate seal and affix the same to all instruments <br /> <br />2 <br />