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of the directors present at which there is a quorum shall be the act of the board of directors except as may be otherwise specifically provided by statute, the Articles of Incorporation, or these by -laws. OFFICFRS 22. The officers of the corporation shall be chosen by the directors, and shall be a President, vice - president, secretary and treasurer. The secretary and treasurer may be the same person, and the vice - president may hold at the same time the office of secretary or treaavrrer. 23. The board of directors, at its first meeting after each annual meeting of sharehold- ers, shall choose a president, and vice - president from its own number, and a secretary and trenReirer who need not he a member of the hoard. 24. The board may appoint such other officers and agents as it shall deem necessarv, who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the board. 25. The salaries of all officers. employees and agents of the corporation, shall be fixed by the hoard of directors. PRFSIDF.NT 27. The president shall preside at all meetings of the shareholders and directors, and chall cee that P11 orders wed reaohitiorwc of the hoard are carried awito effect, 28. He shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the corporation, which have been first approved by the board of directors. When any instrument requires a seal it shall be attested by the signature of the secretary or assistant secretary. VICF,- PRFSIDF:NT 29. The vice - president shall, in the absence or disability of the president, perform the duties and exercise the powers of the president, and shall perform such other duties as the board of directors shall prescribe. SFCRFTARY 30. The secretary shall attend all sessions of the board and all meetings of the share- holders and record all votes in the minutes of all proceedings in a book to be kept for that purpose.