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<br />BY-LAWS <br />OF <br />THE LAKE HENRY RESERVOIR COMPANY <br /> <br />OFFICERS <br /> <br />Section 1. The Officers of this Corporation shall consist of a President, Vice-President, Secretary, <br />Treasurer and General Manager, each of whom shall be chosen by the Board of Directors at their first <br />meeting following the annual meeting of the stockholders in each year. Said officers shall be elected by <br />and from the Board of Directors, excepting the General Manager and the Secretary who mayor may not <br />be directors. All officers shall hold their respective offices until their successors are duly elected or <br />appointed and enter upon the duties of their offices; PROVIDED, however, that any officer may be <br />removed from office by action of the Board of Directors at any regular or special meeting. <br /> <br />PRESIDENT <br /> <br />Section 2. It shall be the duty of the President to preside at all meetings of the directors and of the <br />stockholders, to sign all bonds, deeds, leases, contracts or other instruments of writing made or entered <br />into by or on behalf of the Corporation, and to sign all certificates of stock. The President shall exercise a <br />general supervision over the entire business of the Corporation, and each department thereof and shall <br />have all the powers and perform all of the duties usually incident to the office of President of similar <br />corporations. <br /> <br />VICE-PRESIDENT <br /> <br />Section 3. It shall be the duty of the Vice-President to perform all such functions and duties as belong to <br />the office of the President in the absence of the President or his inability to act, and to perform such other <br />duties as the Board of Directors may, from time to time, direct. <br /> <br />SECRETARY <br /> <br />Section 4. It shall be the duty of the Secretary to give notice of all meetings of the stockholders and of <br />the Board of Directors. He shall prepare and keep proper books of record and of account of the business <br />of the Company, and such other books and records as the Board of Directors may, from time to time, <br />prescribe. He shall sign and register all certificates of stock and other documents requiring the signature <br />of the President, and shall attach the corporate seal of the Company to all instruments requiring a <br />corporate seal. He shall receive and receipt for any and all moneys paid to the Company, and make <br />prompt deposits thereof to the credit of the Company in such depositories as may be designated by the <br />Board of Directors, taking duplicate deposit slips therefor; and he shall also draw and attest all checks and <br />orders for the payment of moneys, the same having first been authorized and directed by the Board of <br />Directors; and perform all such other duties as are incidental to his office; and he shall be the custodian of <br />the corporate seal and of all books, records and papers belonging to the Company. <br /> <br />TREASURER <br /> <br />Section 5. The Treasurer shall be the custodian of the funds, securities, and other like assets of the <br />Company until the same be disposed of by order of the Board of Directors. No money shall be paid out by <br />the Treasurer except by authority of the Board of Directors, as provided in Sections 2 and 4 of these by- <br />laws. At the expiration of his term of office, the Treasurer shall deliver to his successor all moneys and <br />effects belonging to the Company, making a full and detailed statement of the same. <br /> <br />All moneys shall be paid out on voucher checks, the form of which shall be determined by the Board of <br />Directors, and said voucher checks shall be numbered consecutively by the printer, beginning with number <br />"1"0 <br />