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ARTICLE II <br /> Section 1: Directors of the company shall be elected annually by the <br /> -702•111 stockholders. They shall be five in number, shall serve three-year terms, and shall <br /> all be stockholders. <br /> Section 2: After the election, the Board shall elect from its own members a <br /> president,vice-president, secretary, and treasurer. Any vacancies caused by death, <br /> ug:71,'V> resignation, or other cause shall be filled by appointment by a majority of the <br /> surviving Board members from the stockholders to serve the unexpired term. <br /> Section 3: Meetings of the Board of Directors may be called by the president, or <br /> by two members of the Board of Directors and personal or written notice by the <br /> v ,J„` secretary shall be sufficient. Three members of the Board shall constitute a <br /> Ov quorum for the transaction of any and all business of the company when notice to <br /> the other members shall have been given of such meeting. <br /> Section 4: Any member of the Board of Directors who misses more than two <br /> unexcused consecutive meetings may be replaced by appointment by a majority <br /> of the surviving Board members from the stockholders to serve the unexpired <br /> term. <br /> 3 <br />