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shall be designated in the notice of the' meet- ing for the purpose of electing directors, pass- ing' upon reports covering the previous fiscal year, and transacting such other business as may come before the meeting. If the election of directors shall not be held on the day desIg- nated herein for any annual meeting or at any adjournment thereof, the Board of Directors shaH cause the election to be held at a spe- cial meeting of the stockholders as soon there- after as conveniently may be. Failure to hold the annual meeting at the designated time and place shaH not work a forfeiture of the cor. poration. Section 2. Special Meeting. Special meet- ings of the stockholders may be caHed by four (4) directors, or upon a written request signed by tellpercentum (10%) of the owners of out- standing 'stock, and it sball thereupon he the duty IOf the secretary to cause notice of such meeting to be given as hereinafter provided. Except in emergencies special meetings may be called by giving three days' notice. which n meeting is called, shall also ,be deliv- ered not less than 30 days before the date of RlU:-h mep-[ing, either personally or by mailing 10 each stockhoJoer. and no business shall be transacted at such special meeting except as shall be mentioned ill the notice. Section 4. Quorum. At all meetings of 1Jbe sto-ckhoJ,JeTs a majority of all stock outstand- ing must be represented in person or by proxy for the purpose of election of directors OJ" tbe trausaction of business. If the majerity of stock issued is not represented at any annual or special meeting, sucb meeting may be ad- journed by the stockholders present [or a pe- riod not to exceed siKty (60) days at anyone adjournment. Seclion 5 ,V oting. Only stockholders of record, or a per- son holding a proxy of 8 stock holder of record shall be en. tilled to vote at the regular or special meetings of slockholders, At such mecling each stockholder, either in person or by proxy, shaIl be entitled lo one vote for each share of slock held in his name. Section 3. Notice of Stockholders' Meet- ings. Public notice of the time and place of holding of stockholders' meetings shall be pub- ished once, not less than ten (10), nor more tl1an thirty (30) days previous thereto, in a news'paper published in the County of ~lta. Written or printed notice statIng the place, day and hour of tne meeting, and in case, of .a special meeting the purpose or purposes for 2 Section 6. Proxies. A stockholder may vote by a proxy executed in writing. Such proxy must he filed witb the secretary hefore or at the time of meeting; such proxy must designate the partiCUlar meeting at which it is to be voted, and no proxy shall be voted at any meeting other than the one so dell,ignate<l, or an adjournment of such meeting. The pres- ence of a stockhio1der shall revQke a proxy Ilr~- 3