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<br />'. . '• <br />by the aut:lrority electing them. <br />SecL-ion 2. Vacancies. A vacancy in any office, the incum- <br />bF•nL- of which is elected by the IIoard of Directors, may be filled at <br />any meeting of the Boarcl of Diructors. <br />Section 3. President. The President shall be the chief <br />e~:ecutive officer of the Corporation and shall preside at al.l meeting;, <br />oi: the stockholders and of the Board of Directors. <br />• Subject to the approval of the Hoard of Directors, the Presi- <br />dent shall appoint such officers other than those named in the Uy.laz~•r:; <br />r:n~l employ such agents and employees as may, in his judgment, be necevsaty <br />to conduct tl-c business of the Corporation and discharge them at ple:a- <br />Sure, and may rey~iire from all officers, agents and c.urploy~es such <br />r~l,orts as he may from time to time desire. <br />The President may execute all 1>roper bonds, contracts any <br />oLlieer ob].iyations in the Warne of the Corporation, and with the Secretary, <br />miry sigr, a.ll certificates of shares of the czrp.itttl stock of. thr. Corporation; <br />sh.rll have all powers and perform all duties incidental to such of [.ice; <br />tu!d shall do and C,erform such other duties <is mr,; Prom time to times <br />be a:;:;iyrred to him by the Board of Directors. <br />'rl~r~ President shall Prepare and i,resent to the Isoz!rd of DirecL•or:: <br />for its apuioval a report to the stockl,olclers of the condition and <br />rc:sr;lts of the busin•~ss of the (:orporation for etch calendar year. <br />S.;rc+:ion 4. Vice President. In c<,se oL• the absenc^ or i.nab.i.i- <br />• -- - <br />it7 of l.he 1'.rusi.dc:nl~. to p~r[orm any of th~_ dutic3 0` his of:!`ica, tlrn <br />V.i~:~ P,:cs.icl^_,rl: s},all p~:r.Eorm :nlch dutica. 'i'ha Vice President shall <br />zr.L;o perform such otl!cr. duties as may be assigned to him by the IIoard <br />oC hirector.•;. <br />Sect:ian 5. i'rea~!ar:ar. The! '1'rc~a::urc~r: shall be L•he financ.i.a1 <br />ot;:.ic~_i of thy. ~orL,o.rer[:iun and shall have charge of the funds, bond:;, <br />:;!~n•1: and O.:i!r secur.i.t.ies; owne:~i l.,y the Corl,orati.c,n; br.rt hc: sna.l.l make <br />n~, Lrrur or invc,l:m.^nt: without thu authority o" Lhr_ Roard oL• U.iractors. <br />Ilc> ::It:.,ll kc•:~F, bnoks of account, showi.ny al.l rr:cei~~l:s and exl,endiL•ur;:s. <br />Ile, ::Ball render an account to L•he stoekholdc;rs at their atrnual meeting <br />~ - S - <br />