HomeMy WebLinkAbout15S�ction 4. - Special Meeting.
P,,:I?ecial meetings may be called from time to time
by the ident or any one of the directors. Any business
may be trans—ted at any special meeting.
Section 5. - Quorum .
A majority of the directors shall constitute a
quorum.
Section 6. - Notices.
.Notice of mll dirictor , meeting hlll,betgi en
accord nce with the prov a on: a f ArticTe I , — ion 4'
o far as prac tical except that notice shall be sufficient
i iven not Irps than.three day * pr.ior and
f g h t . .:otthe meeting
except t at h urp�s of the speci a ing. nee:tnot b
stated and no notice needrb giv:ntof.anyyannual me ing of
the Board of Directors. h: dir c or ma adjourn from any
directors' meeting from day to day.
Section 7. - Compensation.
By reso!ution o:xthesBoardfo!nDiroactor :ch
d!rector may be p id his pen e., i Y, f at:;n: nce at
. ch me:lingyof,the.Board of Directors and may be paid a
stated I.r s a irector or a fix;d sum for attendance at
each eelinglo f theuRoardy0fiDirecto . or both. No such
payment ha I precl de an d rector from serving the cor
po"tion in any other capac i ty and receiving compensation
therefor.
Section 8. - Removal of Directors.
All or any number.o2h; :ir%:ory& m — removed
c:ylk h.t
with or without cause at a c, in xp a al I ad for t
pu�posetby a.vot%of thevho !d:rs,of.%m:jority of.the
share. hen nti ed to ot t n C ion of di ec tors.
Section 9. - presumption of Assent.
A d!rec:or of th;ecorpor :tion who,i:ipres:nt,;t a
s*eeting of th Do rd of Di ctors t which c on 0
:,t:kIn.:hZIj be.pre h-v aNented
a :.e:lto,,.
to tOhra!etMi:tnt%ak! n i di e sh 1 en=7d in
Corp
the minut: a 0 f.the meeting. Such rightoof.di;s:nt 9 a I not
apply to dir ctor who voted in favor f uc ction.
AF'TICLE I I I.
Officer. and Agent. - General Provisions
Section 1. - Number, Election and Term.
Th:,officers of th±s company shzl! con.i;tt. f I
president , o or more vice-president , ( h numbe hereof
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