PROJC02275 (2) - Laserfiche WebLink

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shall be construed to prohibit directors from utianimotisly waiving such notice and ::igniuy a writaen consent to such mec:tin•~, either prior or subsc:quenL• to the meetiny. Section 5. Quorum. A majority of. the members of the Board of Directors shall constitul-•~ a quorum for the transaction of the btrsi- Hess. If a quorum is not present, the meetiny may b~ adjourned from time to time until a quoruca is obtained. Section 6. Vacancies. Any vacancy in the membership of the Board of Directors through death, resignal-ion, disqualification, or other cause shall be filled at any meetiny of the Board of Directors by one of the stockholders elected by the Board of Directors. Section 7. Order oC Business. At meetings of thy. uoard of Directors, business shall be transacted in such order as the Board . of: Directors raa}• from time to time determine; and the President, or. in his absenct:, tt:e Vice Pr.eside:nt, shall preside. Section 8. Salaries. The salaries of oLficers named in tl~c Bylaws shall bP fixed by the Board of Directors. 'Phe sa.l<~ries ot- other of:f icers may be .fi,:ed by the Prix; .idr.nt, subject to tha aP~rroval oL the hoard of Directors. iVo officer. shall l:,e precluded fro!a rec~ivi.ny a salary from the Corporation by reason that he is also a director of the Corporation. lARTICLG T"I::C Section 1. Officer:;. The officers of the Corporation shall be a President, a Vice President, a Treasurer and a Secrr_tary, all of whom shall Ue. elect<.d i.,y tho lsoard oL U.iruc:to_'y. 'i'Le President ar,d the Vice President. shall be elected from a!:!ony the directory. Neikh~r the Treasurer nor the Secretary Head to be ;,tockholders or directors of the Corporation. One person ra<<y hc.id any two offi.ce~. All officers shall hold their respective offices for one (1) yesr or until the next annual meetiny of. directors or until their succes- sors are elected or appointed and shall be subject to removal at pleasure - 4 -