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<br />the Sla~e cf Coloradu, ae tbe directoT. may (rom '1mB to time deaigna.te.
<br />
<br />SECl'ION 4. NO :rICE OF M~:ETlNGS. When all the membo..
<br />of tbe Board or Olreclora are presoat a meet.1oS may be beld, e.1tbousb DO
<br />previouI call has beoD made or notice given. In all other ca.... except a.
<br />otb.r\t/lac provided in Stlc:tion ~ of tbis Article, a written Dotice .ball be de...
<br />posited. ill tbe mall adtire..ed to each member, or delivered per.onaUy, at
<br />leaat two day. prior to Bu~b meeUng. Nothing: herein ,h.U be conltrued to
<br />prohibit directors frorn UDantmon.Iy waivinR ouch n.llce and .Ignlng R ",ril-
<br />ten C(,lIJlaent to lucb m~etiDR. .itber prior or 8ub..qu.nt to the me.tiDg.
<br />
<br />SEc'rJGN 5. QUORUM. A mAjority ollhe membere of Ibe
<br />Board 01 Directors e!uil1 constitute a quorum fur the tranlactiQQ of blUine...
<br />U a quorum h Dot pre.-ont, the meetlDi may be adjourned irom Utne to d:n"
<br />UDUl a qaorum I. "bteiDed.
<br />
<br />S~;Cn()N ..: VACANCIES. Any vacancy In Ibe memberehlp ol
<br />the Board ~--;-e"'cC;;; tbrougb aeacta, reeignation, di_qualWcatlon, or otber
<br />cauu, Ihall be lUted at Iny meeting of Ihe Board ol Directore of one ollhe
<br />loUowln1l corporations ..:,r a majority of lb. membere "f .ucb Board: If the
<br />vacancy occur. ".ntb r4'spect to the director elected b)" a majority of tbe out-
<br />el&ncling Dumber oi .blLre. af atoek of
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<br />Hi. ."ce..sor lball be eleeled by Ihe Il"ard of
<br />JArf'cl'.>rs of.
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<br />"illO MinUfSsota Canal aud g,eeervolr Compa.ny
<br />
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<br />'lh. 'i'urne,... i)h:ch (,olnpaDY
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<br />....
<br />
<br />!'he Lune {,;abtn uitch and J.\eeervolr (;ompany
<br />
<br />SF:CnCN 7. 01UlEk OF bUSINESS. At meellng. of Ihe Board
<br />of Director.. bu...inesa .hall be tran_acted. in auch ord.r .. tbo Board of
<br />r.;:lreccl"i;-.t may iroJ;;' timt: tu timo dotermine, and the .Pre.idel1~ or, in hi.
<br />abunce, Ibe Vlce-Pre.id.nl lhall prulde.
<br />
<br />< .
<br />SECTlUN 8. SALARIES. The .aiari.. of ~f'lce". named In
<br />t:a.e i;.'j-LM'WtJ oD.dl 0\.1 {iAed ~y the: Ul,;a.,nl ,,1 Di..ro(..tol's. .rhe .Iii:.lari'!.s ol other
<br />offlcen may be fixed toy Ibe Preddenl aw.ject 10 the aPProval of tb. aoard
<br />vI 0il'Cl,;\UClh' i\tI diit.:-o1 ihall be preclu.d.cd from l'e~~lving a. ..alary frum
<br />Ihe curporal1on by rea.on of Ihe facllbal be to eho a direclo.r of lb. eorpor-
<br />.UfoI1l.
<br />
<br />JlRl'l(;J..E W.
<br />
<br />OFFICERS
<br />
<br />~....';';-..,. -_'f---C....-.,. . SEC';10N-t.----,,-(;F.f'leEkS;;---Tbe Uffj,cer. gf lbe corporation .b&11
<br />"" " .:: OIJ a .i~~~'i1.!cnt, <6 :ke"l;rcddcnt, a Tu:uli\1r~r a.ad a ::~ecl'etary, all oi ",-hom.
<br />. .. .Iiall be elecled by tbe n"ar.1 ot Dlrectorl.
<br />
<br />Tho Pl'ef.ilrlODt and the Vice-Pre,ident shall b. elocted from among
<br />the di.tec1(.Ice. lh:i:bet the i'ren.uloot' n:a the Secretary need be 8tockhald-
<br />. ora or cUrectora ot the corporation. One person may hold any two offices.
<br />
<br />All officer. shall hold thoir reapecUve office. for ono year; Or
<br />:.L..:.,~~ ~ih, ;.,~"L ~:r":"u~..:.l" ,;\!!'Hei .:.;1" :ii:-:,,'c:.o;r:.., (.,r until thlo3iJ. JUCcetS.lulU are
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