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Article IV <br />( ) Officers <br />1. Designation. The officers of the Corporation shall be a president, one or more <br />vice - presidents (the number thereof to be determined by the Board of Directors), a secretary, and <br />a treasurer, each of whom shall be elected by the Board of Directors. Such other officers and <br />assistant officers as may be deemed necessary may be elected or appointed by the Board of <br />Directors. Any two or more offices may be held by the same person. <br />2. Election and Term of Office. The officers of the Corporation shall be elected <br />annually by the Board of Directors at the first meeting of the Board of Directors held after each <br />annual meeting of the shareholders. If the election of officers shall not be held at such meeting, <br />such election shall be held as soon thereafter as conveniently may be. Each officer shall hold <br />office until his successor shall have been duly elected and shall have qualified or until his death <br />or until he shall resign or shall have been removed in the manner hereinafter provided. <br />3. Removal. Any officer or agent elected or appointed by the Board of Directors <br />may be removed by the Board of Directors whenever, in its judgment, the best interest of the <br />Corporation would be served thereby, but such removal shall be without prejudice to the contract <br />rights, if any, of the person so removed. <br />4. Vacancies. A vacancy in any office because of death, resignation, removal, <br />disqualification, or otherwise, may be filled by the Board of Directors for the unexpired portion <br />of the term. <br />5. President. The president shall be the principal executive officer of the <br />Corporation, and, subject to the control of the Board of Directors, shall in general supervise and <br />control all of the business and affairs of the Corporation. He shall, when present, preside at all <br />meetings of the shareholders and of the Board of Directors. He may sign, with the secretary or <br />any other proper officer of the Corporation authorized by the Board of Directors, Certificates for <br />Shares of the Corporation, any deeds, mortgages, bonds, contracts, or other instruments which <br />the Board of Directors has authorized to be executed, except in cases where the signing and <br />execution thereof shall be expressly delegated by the Board of Directors or by these Bylaws to <br />some other officer or agent of the Corporation, or shall be required by law to be otherwise signed <br />or executed; and in general shall perform all duties incident to the office of president and such <br />other duties as may be prescribed by the Board of Directors from time to time. <br />6. Vice - President. In the absence of the president or in the event of his death, <br />or inability or refusal to act, the vice - president (or in the event there be more than one vice - <br />president, the vice- presidents in the order designated at the time of their election, or in the <br />absence of any designation, then in the order of their election) shall perform the duties of the <br />president, and when so acting, shall have all the powers of and be subject to all the restrictions <br />upon the president. Any vice - president may sign with the secretary or any assistant secretary, <br />Certificates for Shares of the Corporation, and shall perform such other duties as from time to <br />time may be assigned to him by the president or by the Board of Directors. <br />7 <br />