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EY Z,a�S <br />of <br />THE Gr'�D?D ?f�.'SA RrSERnGIR CGAiPAtVY <br />Art. 1. . Gfficers <br />The officers �h�,ll consist of a. Pr�gident, SecretFry a.nd <br />Tre�.surer. <br />Art. 11, Diractors <br />Sec. 1. � bo^.rd of five directorg sha.11 be elected �,t tre <br />stockholaers� meeting. The directors ele�ted shP.11 serve <br />for one year, fror� the first d�.y of election to dPy of <br />(exclusion) the next rnonth following their election �.nd <br />until their successors �.re elected a.nd qualified. <br />Sec. 2. The President ^nd Tre�.,surer sh�.11 b e directors. <br />The Secreta.ry m�+�T b� a,ny stockholder. <br />Sec. 3. No stocl�l:old�r shall b e eligible for election Ps <br />a member of tha ��;ard ���' directors unlzss he i� P. bon�, fide <br />owner of P.t leP �t five sh�.re� of tl:e ca,pit�.l stock of the <br />company at the time of his electior_ �,nd durin� his tenure <br />of office. <br />Art. 111. Duties of Gfficers <br />Sec. 1. The PreUident shP.11 preside a.t �,11 meetirgG of the <br />directors or stockholders. �-:e sh�,ll �i�n, a.s president, <br />�11 certificates of stock �.rld �.11 centr�.cts, a,nd othzr in- <br />struments in writin� wliich have first been �,pproved by the <br />bo�rd of directors. He sh�.11 si��; a.11 chec'�s �.nd wa.rra.r_ts <br />upor_ the tre�.sury. ne finall h^v�e t�ze castir_� vote �.t �,ll <br />meetings cf the stockholders or directors. �e shPll c�ll <br />the direct�rs tou�ether v�henever n� deer�s it politic; a.nd <br />he sh�.11 ha.ve suUject to the a,dvice �nd control of the <br />directors, the gener3l Gupervisior_ of the �.ff�.irs of the <br />�.ssocia.tion. ir_ the �,bsence ef the rresident, tne �residen� <br />pro tem selected shall per;orm his duties. <br />Sec. 2. It sha11 be the duty of the i're�.surer to keep <br />sa,fely a.11 noneys a,�z3 securities belo��:in� to the car.lpa.ny <br />and disburse the s�r�e �ander the direc�ion �of the boa.rd of <br />directors or on �va.rrant si�ned by the president ��d secre-- <br />t�sy. �t ePCh �,nnu�.l :��et�ir^� of +he Gtockholders he sh�1.1 <br />� subr�it a. coraplete statenent of his �eccunte for tre pa�t <br />ye�.r, vTit� �he �rcper veuch�rs for their inform�.t�en. Ne <br />sha.11 disch�.r�e such otrer duties nert�.inin� to Y:is office <br />�.s s'r,all be presented by the '�o�.rd of directors. . <br />Sec. 3. The Secret�.r�- Gna.11 keep P correct record of �he <br />meetin�^s of the be�rd c�' directorG a.nd also of the s+ock- <br />�zolders. He s.1a11 k�ep t�e boo'K of the blank certiiic�.teq <br />of stock, fi21 uA ar_d ccun�ersi�n all the certifica.tes <br />iGsued �nd ma.ke the corresper�din�; er,tries or_ the �ar�ir_ oa <br />the books, or such issuarlce. �e s:��.11 kee� a vroper tr��!9- <br />fer book a.nd stock led�er ir: debit a.nd credit form, srowin� <br />the stoc'_�hclder a.nd the d�,tes o� sl�ch issuar_ce �.nd tr�.nsfer, <br />Fie sh�,ll ccuntersi�n P,11 checks, keep nroper �.ccount book, <br />and discharge s�.zch other du+ies pertainin� to his office a.s <br />shall be prescribed by the boa.rd of directors� <br />�'� <br />