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Page -2- ARTICLE IV - DIRECTORS Section 1: Number and election The affairs and management of the company shall be under the control of a board of six directors who shall be elected at the annual meeting of the stockholders of the Company and they shall serve for a term of 3 years or until their successors shall be duly chosen and shall qualify, and no person shall be qualified as a director who is not a stockholder of the Company. Officers of corporationo holding stock in the Company shall be eligible to serve as a director, but only one director may come from anyone corporation. The terms of office shall be alternated so that two Directors are elected each year. Section 2: Vacancies When any vacancy shall occur among the directors by death, 'resignation, or otherwise, it shall be filled by a vote of the remaining directors, or if only three or less remain, then a special meeting of the stockholders shall be called to fill such vacancies. Section 3: Meetings The regular meeting of the Board of Directors for the election of officers and for the transaction of any business of the Company shall be held each year immediately following the annual meeting of the stockholders. Special meetings of the Board of Directors may be called at any time by the President Jr by a majority of the members of the board. Notice of the time, and place of special meetings shall be given to each director orally or in 'writing not less than twenty-four hours previous to the time fixed for the meeting. If four members of the Board of Directors are present at the meeting or waive notice of the meeting. Section 4: Quorum Four members of the Board of Directors shall constitute a quorum and a majority of those in attendance shall govern. ARTICLE V - OFFICERS Section 1: Officers The officers of the company shall be a president, vice president, and secre- tary, who shall be elected by the Board of Directors. The secretary need not be a stockholder of the company. At any meeting the Board of Directors may elect one or more additional officers as it may deem necessary. Directors and officers may be either male or female. Section 2: President The President shall preside at all meetings of both stockholders and direc- tors and shall sign, with the Secretary, all certificates of stock, deben- ures, bonds, deeds and other instruments in writing made or entered into by or on behalf of the Company. As President of the Board of Directors he shall have no vote, only in case of a tie, at which time he may cast his vote, which shall decide the question.