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<br />duties and sets incident and such as usually appertain to their <br />respective positions and such as they are severally authorized <br />to perform under the law and the articles of incorporation as well <br />as the by-laws of this corporation. <br /> <br />ARTICLE 6. <br />Meetings <br />Sec. I The Board of Directors shall meet in regular <br />session on the first Monday in February of each year at eight 0' clock <br />p.m., immediately following the annual stockholders' meeting, as <br />hereinafter set forth. <br />Sec. 2 The annual meeting of stockholders for the <br />election of directors and the transaction of other business shall be <br />held in the City of Delta, County of Delta, State of Colorado, as <br />designated in notice, on the fIrst Monday after the fIrst Tuesday <br />in the month of February of each year, commencing at the hour <br />of eight 0' clock p.m. Special meetings of stockholders may be <br />called according to law; PROVIDED, That meetings for the <br />consideration of the reports of officers and the discussion <br />of the affairs of this corporation may be called on three days' <br />notice to the stockholders. <br />Sec. 3 Elections of directors or any other voting <br />shall be made by such of the stockholders entitled to vote thereat, <br />shall be attend for that purpose, either in person or by proxy; <br />Cumulative voting shall not be allowed. Provided, a majority of <br />stockholders entitled to vote thereat shall be represented; and if <br />a majority of such voting stock shall not be represented, such <br />meeting may be adjured by the stockholders present for a period <br />not to exceed sixty days at anyone adjournment. Each stockholder <br />shall have the right to vote in person or by proxy for the number <br />of shares standing in his or her name on the books of the company, <br />and in balloting for directors, he or she may vote said number of <br />such shares for as many directors, as are to be elected; and the <br />person having the highest number of votes in consecutive <br />order shall be declared elected to the board of directors <br />for that year, and such directors trustees shall not be elected <br />in any other way. PROVIDED, HOWEVER, that by <br />unanmous vote of all stockholders represented at such <br />meeting, the secretary of the meeting may be authorized and <br />instructed to cast one ballot for one or more of all the <br />pg.2 <br />