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<br />elected and qualified and enter upon their offices respectively. <br /> <br />The duties of such officers respectively, shall be those usual to <br /> <br />such officers of like corporations. <br /> <br />Vacancies on the Board of Directors shall <br /> <br />be filled by the Board of Directors by ballot in the manner and from <br />the persons prescribed and described in the Articles of Incorporation" <br /> <br />Vacancies in any offi ce shall be filled by the Board of Directors <br /> <br />by ballot. <br /> <br />Section V. <br /> <br />QUORUM - At all stockholders' meetings, <br /> <br />stockholo.ers holding at least <br /> <br />a _jori ty <br /> <br />of the capital <br /> <br />stock of the corporation, represented either in persOn or by proxy, <br />shall constitute a quorum. <br /> <br /> <br />Thrae (3) members of the Board of Directors <br /> <br /> <br />shall constitute a quorum at meetings of the Board of Directors. <br /> <br />Section VI. <br /> <br />S'l1lCK - The subscribers to the capital stock <br /> <br />of this corporation shall be enti tIed to certificates for their shares, <br /> <br />duly signed by the President or Vice-Presio.ent and countersigned by <br /> <br />the Secretary, and bearing the corporation's seal, when same shall <br /> <br />have been fully paid up. All certificates of stock shall be numbered <br /> <br />end registered as they are issued. <br /> <br />The right to subscribe for, hold, <br /> <br />own, transfer or assign the stock or our corporation shall be Imi ted <br /> <br />as provided in the Articles of Incorporation of our Company. No <br /> <br />transfer or assignment of stock, which is not authorized or permitted <br /> <br />by said Artic.les, shall be rIade. Transfers or assignments so <br /> <br />authorized shall be made only upon the surrender of the original <br /> <br />certificates and the written assignment of the holder, or his <br />written request for re-issue. ~ensfers shall be made only on the <br /> <br />books of the Company. <br /> <br />Section VII. SALE OF S'l1lCK FOR NON-PAYMENT OF ASSESSlolD1TS - <br /> <br /> <br />When any stockholder shall be in default in the payment of any install- <br /> <br /> <br />ment or assessment upon the stock, pursuant to the determination and <br /> <br /> <br />s <br />