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-.t. . . /lU:./l 2/f/1 ' J?~ ~~k~ moved adoption of the following resolution: BE IT RESOLVED THAT 'ARTICLE III 'shall be stricken in its entirety and in lieu thereof a nel-l ARTICLE III enacted as follol-ls: Section 1 (a). Number of Trustees. The corporate powers of this Company shall be exercised by a board of/trustees, otherwise calle& directors, composed of five (5) stock- holders. (b). Term of Office of Trustees (directors). The term for each trustee (director) shall be five years be- ginning with his election at an annual meeting and ending at the annual meeting five years later, except that be- ginning with the annual meeting to be held in the year 1976 trustees shall be elected to erve terms .as follows: (1) One trustee (director) shall be elected to serve to and until the annual meeting to be held in 1977. (2) One truste~ (director) serve to and until the be held in 1978. .sn'all be elected to 'annual meeting to ~: (3) One truste~ (director) serve to and until the ,be held in 1979. shall. be elected to annual meeting to (4) One trustee (director) shall be elected to serve to a~d until the annual meeting to be held in 1980. (5) One trustee (director) shall be elected to serve to ~~d until the annual meeting to be held in 1981. -j- Section 2. Officers. Following each annual meeting the Trustees or Directors spall meet to organize for the following year. One of their number shall be elected to serve as President, one of their number shall be elected to serve as Vice-President, and they shall also elect a Secretary and Treasurer. It shall not be necessary that either the Secretary or Treasurer be a stockholder ora member of the Board of 1rustees. Either such Secretary or Treasurer may be selected from persons not' stockholders in said Company, if fb~nd desirable or to the best inter- ests of the said Corpor3tion. The same person may occupy the office of Secretary and Treasurer. Seconded by uJ dlrt-tJ ~ ;I,(.~ ~ lv-t..,. ~