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<br />elected and ~ualified and enter upon their offices respectively. <br /> <br />The duties of such officers respectively, shall be those usual to <br /> <br />such officers of like corporations. <br /> <br />Vacancies on the Board of Directors shall <br /> <br />be filled by the Board of Directors by ballot in the manner and from <br />the persons prescribed and described in the Articles of Incorporation. <br />Vacancies in any office shall be filled by the Board of Directors <br />by ballot. <br /> <br />Section V. QUORUM - At all stockholders' meetings, <br /> <br /> <br />stookholders holding at least a _jori ty of the capital <br /> <br /> <br />stock of the corporation, represented either in person or by proXYI <br />shall constitute a ~uorum. <br />Thrae (3) meillbers of the Board of Directors <br />shall constitute a ~uorum at maetings of the Board of Directors. <br /> <br />Section VI. <br /> <br />STOCK - The subscribers to the capital stook <br /> <br />of this corporation shall ba enti tled to certificates for their shares, <br /> <br />duly signed by the President or Vice-President and countersigned by <br /> <br />the Secretary, and bearing the corporationt s seal, when sama shall <br /> <br />have been fully paid up. ill certificates of stock shall be numbered <br /> <br />and registered as they are issued. <br /> <br />The right to subscribe for, hold, <br /> <br />own, transfer or assign the stock of our corporation shall be limited <br /> <br />as provided in the Articles of Incorporation of our Company. No <br /> <br />transfer or assignment of stock, which is not authorized or permitted <br /> <br /> <br />by said Articles, shall be l'lade.. Transfers or assignments so <br /> <br /> <br />authorized shall be made only upon the surrender of the original <br /> <br /> <br />certificates and the written assignment of the holder, or his <br />written request for re-issue. Transfers shall be made only on the <br /> <br />books of the Company. <br /> <br /> <br />Section VII. SALE OF SroCK FOR NON-PAYMINT OF ASSESSMENTS - <br /> <br /> <br />When any stockholder shall be in default in the payment of MY install- <br /> <br /> <br />ment or assessment upon tbe stock, pursuant to the determination and <br /> <br />$" <br />