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<br />II <br /> <br />1.1 <br />I <br />I <br />I <br />I <br />I <br /> <br />. <br /> <br />I <br /> <br />I <br />I <br />I <br /> <br /> <br />I <br />I <br /> <br /> <br />I <br /> <br /> <br />AICLE IV. OFFICERS ,& OOL.ES <br /> <br />SECTION 1. NUMBER. The number of officers shall be no <br />less than three. The officers of the corporation',shall be a <br />president, vice president, secretary and treasurer, each of <br />whom shall be elected by the Board of Directors. The office of <br />treasurer may be combined with another office. In addition to the <br />officers, the corporation shall employ a superintendent. Such <br />other officers as may be deemed necessa~l may be elected or <br />appointed by the Board of Directors. <br /> <br />of the <br />annually <br />meeting. <br /> <br />SECTION 2. ELECTION AND TERM OF OFFICE. The officers <br />corporation shall be elected by the Board of Directors <br />at the Board of Directors meeting following the annual <br /> <br />. <br /> <br />SECTION 3. R&~CVAL. Any officer or agent may be <br />removed by the Board of Directors whenever, in its judgment, the <br />best interests of the cor~o=ation will be served and such removal <br />shall not L~ply any contract rights to the person removed. <br />Election or apppointnent of an officer or agent shall not create <br />contract rights. <br /> <br />SECTION 4. VAC.~~C:~S. <br />of death, resignation, rer.loval, <br />may be filled by apppoin~~e~t by <br />u.,expired portion of ~~e te=.n. <br /> <br />A vacancy in any office because <br />dis~~alification or other~:.se, <br />the Board of Directors for the <br /> <br />SECTICN s. PRES:~Z~T. The President shall be the <br />principal .executive office of the corporation and, sllbject to the <br />control of the Board of Directors, shall in general supervise and <br />control all of the bllsiness and affairs of the corporation. He <br />shall, when present, preside at all meetings of the shareholders <br />and of the Soard of Directors. He may sign, with the Secretary <br />or any other proper officer of the corporation thereunto <br />authorized by the Board of Directors, certificates for shares of <br />the corporation, any deeds, mortgages, bonds, contracts, or <br />other instruments which the Board of Directors has authorized to <br />be' executed, except in cases where the signing and execution <br />thereof shall be expressly delegated by the Board of Directors or <br />by these By-Laws to some other office or agent of the <br />corporation, or shall be required by law to be ocilerwise signed <br />or executed; and in general shall perform all duties incident to <br />the office of President and such other duties as may be <br />prescribed by the Board of Directors from time to time. <br /> <br />SECTION 6. VICE-PRESIDENT. In the absence of the <br />President or in event of his death" inability or refusal to act, <br />the Vice-President shall perform the dutias of the President, <br />and when so acting, shall have all the powers of and be subject <br />to all ~~e restrictions upon the President. The Vice-President <br />3hall perform such other duties as from time to time may be <br />~ssigned to him by the President or by the Board of Directors. <br /> <br />6 <br />