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<br />".meeti'f\9_ to be,' called for th"lt purpose in the m':tnner ~1nd uprm the notice ;:15 hereinbefore
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<br />pr'ovided for special meetings of the stockholders.
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<br />Section --'2 -- l'lt the .:tnnuCll, meeting (Jf the stocldlo.ldt'rs in 1987 the li:i.rectors shall
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<br />,~be electE'd by ,"~lass. One Director for el term of one year, one Director fer ':1 term of two
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<br />'years clnd one'. Director ';or Cl t.erm of three y(,.'ars.
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<br />Ther-I?i:!fter each Di;~t'ctor' shedl.be
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<br />. elected' for ~~
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<br />t'erm of thre-f~ years.
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<br />'s. ShDllld any
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<br />vacancy
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<br />OCCUl'"
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<br />in
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<br />t.he
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<br />;.\Dard
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<br />o.f
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<br />Directors..
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<br />by
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<br />death~
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<br />fi'I-l: such_ yac.an,cy for the balance of the- term by electing wn~ ~jho shOll! be a stockhold('~r.
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<br />Section 4 --' The BOolrd of Directors shall h;:IV€ the> 8f;tire ch;:\rqe c<_m1 milnat~emen.t O-t
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<br />,t.he -property'r ..-,b'us.tness~ and ~Iffctirs of the compan)-'; it sh<:dJ. tlG its duty to ha....e and
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<br /><,:et;~i:ise fUll.~~iPerViSir," Df .ll the business of the comp""v .nd o'f the dig!r ibution Df all
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<br />'."_~'I\later availi:lble,' for di5trib~ltion' by it or t.o be- Girded Dr conduded by :it under ,:lnd
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<br />;., :".:..purSllant to the :terms and provisions of ~,Etid Decree o'F s<:lid Court hereinbe.i:ore mE'ntioned~
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<br />'.>~;l6 ~"audit all. bills and aCColmts clnd to e:-:amine the books. bills~
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<br />....9ucher~, accounts~ and
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<br />other e.....idences., of debt to or from the ,-:ompany; to see th.,tt no b;i.ll~ Elccount~ or voucher
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<br />:;.shall . b~ paid,.trby' the company until <:tudit~d and approved by the Board unless otherwise
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<br />. spe~ific.ally ol~dered by it; and to SF-e that all VOllchers for th€::' pi'lyment of money she-.ll be
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<br />'. ~i9ned' by the Secretary m' Tn;>asurel'" and cOltnte~'signed by the
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<br />Pr'E'sident" but
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<br />in caSt' o.f tht,
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<br />~bsence of ,the','President., the Vice-Prf.'sident may cDuntersigr,.
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<br />Section 5 -- The BO,':Ird shall have pOl=Je-r to employ such 8'Uicer's ;:1nd aoe.nts as Ir..::!Y be
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<br />.,necessary. to fi>: the's<:11a.ries of the same~ and ~f the officers of the comJ~\n)-'. to require
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<br />bond of officer or employee~ and to transact t~nd r.;upendsE' all the business of the cumpany,
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<br />'as ihey may deem best..
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<br />Section 6 .:.- The board shall have powel'"~ in thE:' absence- of t.he:> Pn::.sident or t.Jict:-
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<br />;~~t~o ~appoin~: .:t 'substi tute prb tern.
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<br />..:::_~re:5ident,. to'clppoint a chairman p'ro t.ern, and ,during the prulon(led absence of any !)fficel",
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<br />Secti'o'ri."'; -- A majoriJy of .'tIl the members o.F tnf:' BO;;lrd shall constitute a quorllm1
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<br />. b'ut less than",CI. qunnun m~w adjourn fn,HIl day to day.
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<br />Seetin'" 8' -- Ttlf2 pn!siding of-ficel' shall h~....[' the 5,Jffi,.' right to vote as other members
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<br />:'O,f :th~' Board.
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<br />Section 9 -- The Board of Directo~s ffic\Y, sllbjp.-d to lc.nl) and these By-laws, prE'scribf~
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<br />the dtlties of the offic:ers and employees. and make- all ol?l?d'l'u.l r.ules for the traosff.'r of
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<br />'~'tock of the, compiH1Y,. the issuing of certificates of stock~ keeping the reco:ros ~1nd
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<br />Ad. III~ Sec. 12 & Art. vn ,;;mendl.?d {'i"li'"l..rl :I. :i,C;:l1}:;5
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