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<br />BY .LA WS-Continued.
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<br />SEC. 7. The President (and in his or her absence the Vice-President) and
<br />Secretary of the Corporation shall act in their official capacity at all Stockholders'
<br />meetings.
<br />,SEC. 8. ~pc:ial meetings of. t~~ Stock~olders "may" be ca~y the
<br />President and In his absence by the Ice. President by.........L~.e.:.~!..........,..........._.........._......
<br />notice at leasL__~___days prior to the date of ~etjng, to each Stock.
<br />holder of record at the last known post office address, and shall be called on the
<br />request in writing of..,.::"'"d1.LL.~.__~_Directors, or by vote of a majority of the Board
<br />of Directors, or on demand in writing by the Stockholders of record, owning
<br />A/~~"_';~ 4__._shares in amount of the capital stock issued
<br />and outstanding. Notice thereof shall be given through the U. S. mail at
<br />leasC~~tl=---days prior to the date fixed for such meeting. Such meeting
<br />shall be held at the regular place of business.
<br />SEC. 9. Any director or officer may be removed' 'for cause" at any time by an
<br />affirmative vote of a majority of the shares of stock representeJ by stockholders pres-
<br />ent in person or by proxy at any special, called or regular meeting of stockholucrs.
<br />
<br />ARTICLE IV.
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<br />ELECTION OF DIRECTORS.
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<br />SECTION I. The Directors may be appointed in the articles of Incorporation
<br />and shall be elected_._....~_.~_ __at each annual meeting of the
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<br />~~~,ckholder~_thereafter, to s~rve [or -~61~-'--~=:::::::=:::~:=::=:::==:
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<br />ilnd until their successors arc elected. and qualified. Their term of office shall
<br />begin immediately after election and qualification.
<br />SEC. 2. No person shall be elected and act as a Director who is not a
<br />Stockholder in the Corporation.
<br />SEC. 3- Vacancies in the Board of Directors shall be filled by appointment
<br />by a majority of the remaining Directors at a meeting regularly called, and the
<br />Director so appointed to fill a vacancy shall hold office until the first___......__......._
<br />meeting of the Stockholders therealter.
<br />SEC. 4. The transfer of all the stock in this Company owned by a Director
<br />shall operate without further formality as a resignation of office.
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<br />ARTICLE V.
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<br />POWER OF DiRECTORS.
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<br />SECTION 1. The Directors shall have power can special meetings of the
<br />Stockholders when a majority of the Directors may deem it necessarYi and they
<br />.hall call a special meeting of the Stockholders at apy time, upon the written
<br />request of Stockholder. at record ownJl1g...~".::1"".l.1l.d?'~yr...e,<..llil\I"tc" !11 (lll1nU!tC
<br />of the capital stock issued. L
<br />SEC. 2. The Directors_~.t..(......_..._.._..____elect, appoint or remove
<br />at pleasure, without previous notice, all appointive officers, managers, agents and
<br />employees of the Corporation. prescribe their duties, fix their compensation,
<br />and may require from them security for faithful service, manics or property.
<br />SEC. 3. To conduct, manage and control the affairs and business of the
<br />Corporation. and to make rules and regulations, not inconsistent with the laws
<br />of the State or the By-Laws of this Corporation.
<br />SEC. 4. To incur indebtedness within the limits fixed by the corporation \
<br />laws of the State granting the charter for the corporation. The terms and
<br />amount of such indebtedness shall be, at each meeting of the Directors, entered
<br />in the minutes of the meetings of the Board of Directors; and any note or
<br />obligation given for such indebtedness, when signed officially by the President
<br />or Treasurer of this Corporation, and such signature duly attested by the Secre. \
<br />tary, shall be binding on the Corporation.
<br />SEC. 5. To cause to be kept by the Secretary a ~ecord to be known as the
<br />"Corporation's Record," containing the minutes 01 the proceedings of all Stock.
<br />holders' and Directors' meetings, a register of the stock issued, a record of the
<br />stock transferred, and a debtor and creditor account with each Stockholder.
<br />"' SEC. 6. To declare dividends payable out of surplus funds when the net
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