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for the unexpired portion of the terns of directorship which is vacant, and -until election of and <br />qualification of a successor Director. <br />Section 3,05 Annual and Regular Meetings. The annual meeting of the Board of Directors <br />shall be held immediately after the annual itieet ng of the shareholders or such other date and <br />time as the Beard of Directors may designate. Regular meetings of the Board of Directors shall <br />be held at such place and at such times as the Board of Directors may, from time to time, require, <br />Section 3.06 Stnee-ial Meetings. Special meetings of the Board of Directors rimy be called <br />by the President or upon the written request of at least a_ majority of the directors. <br />Section 3,07 Notice, Notice of all meetings of the Board of Directors, other than the annual <br />meeting, shall be given by the Secretary to each director, in � &jTiting, at least (wenty -four (24) <br />hours before the time fixed for the meeting, and such notice shall advise each director as to the <br />time, place, day and general purpose ol" the meeting and shall he delivered personally, or by <br />telephone, electronically, or mailed, postage prepaid to each director at his last known address as <br />it appears in the records of the Company. Any director may � Raive~, in writing, any notice; of a <br />meeting required to be given by these Bylaws, They attendance of a director at any meeting shall <br />constitute a a --aiver of notice of such meeting by such director, except in a case where a director <br />shall attend a meeting for the express purpose of o, jecting to the transaction of any business on <br />the ground that the nneeting has not been lawfully called or cone oned <br />Section 3.08 Action without a- Meeting, The Board of Directors shall have the right to take any <br />action without holding a formal meeting by obtaining the unn<aninnous written consent of all <br />directors. <br />Section 3,i7 taortnul. A quorum for the transaction of business at airy meeting of the directors <br />ec <br />shall consist of a majority of the Board of Directors then serving. <br />Section 3„ 10 Compensation. Directors shall -tot xecelve arty salary, however. any director may <br />he reimbursed for actual expenses incurred in the perfor lance ofh s/her duties. Nothing herein <br />shall prevent any director fronn Nerving the Company in any other capacity and receiving <br />compensation therefor. <br />ARTICLE IV* OFFICERS <br />Section 4.01 Officers. The officers of they Company shall be a President, Vice President, <br />Secretary and Treasurer, who shall be elected by the Board of Directors and shall hold office -for <br />one year and until their successors are drily elected and qualified, unless helshe~ resigns or is <br />sooner removed from office. Any officer may also serve as a director of the Company. The <br />Board of Directors may appoint such other officers as shall be necessary and shall prescribe: the <br />duties of such additional. officers. <br />Section 4.02 Va(mncies. In the case of any vacancy that will occur at a specific later <br />date by rci4on of a resignation effective at a later date, the resigning officer shall appoint a <br />successor officer to till such vacancy for the unexpired portion of the term of the office which . <br />shall become vacant, so long as the successor officer is a Director of this Company and either a <br />