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ARTICLE IV PRESIDENT Section 1. The President shall preside at all meetings of the Directors or Stockholders. He shall sign, as President, all certificates of stock and all contracts and other instruments in writing, including checks and warrants, upon the Treasury, which have been first approved by the Board of Directors. It shall be his duty to report to the Board of Directors as soon as ascertained any negligence, misconduct or omissions on the part of any officers or employees, which may have been brought to his attention, and shall perform such supervisory duties as the Board of Directors may by resolution or order prescribe and delegate from time to time. In the absence of the President, the Vice - President shall perform his duties. TREASURER Section 2. It shall be the duty of the Treasurer to keep safely all monies belonging to the Company in such depository as shall be selected and designated by the Board of Directors, and to disburse the same under the direction of the Board of Directors, on check or warrant signed by the President and countersigned by the Secretary. At each annual meeting of the stockholders he shall submit a complete statement of his accounts for the past year, with the proper vouchers for their information. He shall make no payments except on a check or warrant drawn by the Secretary and signed by the President. He shall discharge such other duties pertaining to his office as shall be prescribed by the Board of Directors. SECRETARY Section 3. It shall be the duty of the Secretary to keep a record of the meetings of the Board of Directors and of the stockholders. He shall keep the book of blank certificates of stock, fill in and countersign all the certificates issued, and make the corresponding entries on the margin of each book on such issuance. He shall keep a stock ledger in due form, showing the number of shares issued and transferred by any stockholder, and the date of said issuance and transfer. He shall have charge of the corporate seal and affix the same to all instruments requiring a seal. He shall keep in the manner prescribed by the Board of Directors all the accounts of the Company in books to be provided for that purpose. He shall discharge such other duties as pertain to his office and as shall be prescribed by the Board of Directors. BOARD OF DIRECTORS Section 4. The Board of Directors shall have the powers: 1) To call meetings of the stockholders whenever they deem it necessary, giving notice as provided in Sections 2 and 4 of Article III, and they shall call meetings of the stockholders at any time upon a written request of persons representing one -third of the capital 3