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I I I I I I I I 1.- , ' I I I I I I I I I I quorum shall not be present or represented at any meeting of the shareholders. the shareholders present in person or represented by proxy shall have power to adjourn the meeting from time to time. without notice other than announcement at the meeting. until a quorum shall be present or represented. At such adjourned meeting at which a quorum shall be present or represented any business may be transacted which might have been transacted at the meeting as originally notified. Section 2: If a quorum is present. the affirmative vote of a majority of the shares of stock represented at the meeting shall be the act of the shareholders unless the vote of a greater number of shares of stock is required by law or the articles of incorporation. Section 3: Each outstanding' share of stock. having voting power. shall be entitled to one vote on each matter submitted to a vote at a meeting of share..~olders . A shareholder may vote either in person or by proxy executed in writing by the share- holder or by his duly authorized attorney-in-fact. In all elections for directors every shareholder. entitled to vote. shall have the right to vote. in person or by proxy. the number of shares of stock owned by him. for as many persons as there are directors to be elected. or to cumulate the vote of said shares. and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal. or to distribute the votes on the .same principle among as many candidates as he may see fit. Section 4: Any action required to be taken at a meeting of the shareholders may be taken without a meeting if a consent in writing. setting forth the action so taken. shall be signed by all of the shareholders entitled to vote wi th respect to the subj ect matter thereof. 3