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C.R 32' "501
, e~'" '- ...n \ ,'t .
Se<Uon 9, Wh~n Ii qUQrum ~ prtlMot at any m"ti.t\&, lM \'()U of th. holden ot . ma}orlty of tht
th:\f\i. !.Avina WUllj Pl,lWU J~t In ~TIl0n, VI" r.pf't'Clieftted by proxy ehall uttl,idc any qu-.stlon brouaht
btior~ such IllHU.ng, unLtw ~ qualK.I\ i.!I Om! upon w-hkh by upl'eltb proV:..ioll of the .tatutes or \)f the
(~ltifK.t. ;.\f UK"otpt,uUon, !A diff..rVtl~ vot~ b ..-.qulr-.d in whiCh cue tuch ellP""4 pr-.N~)f"1 ahallauv.rn
an.d ('ontrol .,he d~i.tion of ju,ch quettion
..
~lIt~ 10, t:....ch IIt<)d.hold~r ah.U .t tPV\!fY ",HW\j of th~ llloc.ILhtild(!!tt .,.. ~ntilloed tu oo-t' vote !n
I-~r~on or h)' pr"\.'XY for f'a.:h ahaN.' o! L~ 'i1pltAlli.uck havina VQtinC PVWl!f h.ld by luch lltockhu1d~r,
but Ill..' pm"y tl"lI be> \'oit'd on .fter thr" ;t'NU''lI from 1t.1 datt!, unleu ~ pro,,}' ~lrovid~J fer a k>nl*r
perle..!, and, exc~pt WMf~ the traruln books uf l~ corJX..raUon n..\'e been c~ \11" " la~ has beoen thC'd
as II rl!'C()rd d.ate for tht" dett'lmUuilJ.\)n of its atoci.lwld('u ...nlltl~l to vt"tto, no ~h.Ilrt' of !>todt ~hat! be votoo
01\ at .!In}' el<<hon for dJf~:tot"3 which l~~ ~II \r>im lerr..l on thto b.,lo:.IQ (If tht' NrplJuh,)!\ wltom t ~\>:nt}'
dAY' next I)j-~c.-diJlg 5u.;h .1<<uDn of dlf~t.\.IU '
~.tiC)n 11. Whenevl"( th~ vote of &to<.'khold~rJ At n m<<'tll)g.th~r~of h 1~\HrN l,r pt'lmittt'd to btt
takt'n In (Onl1~tlOn with Ilny ~rpontt~ action by an}' p:n\'ll!.IOO vI the ~Ul\ut~ (>r oJ lhC! ('ertihO:llt~ of
inC<ll1X1rf4ttol\, lht' m4."eling and vote of !ilockholdeu may be dl~pe~ with, If aU ~ ah)('kh\3lder!> who
would have ~I\ t'ntit!ed :0 vole u\-x.o the a.;Uoll If .!HH::b meetL"\1 ......r.. h~ld, th.U c-.>ntt'nt III writlnK to
such ('>:>rpon\e .u:tion r~lng t&k.n..
ARTICLE III
DIRECTORS
S<<liO:1 1. The numbrr of dirKiors which .hall COf\AtI~ute th~ ,.'hol~ board &hall ~ nint' {ir, :f thnt'
by-lsw:!! ~ll be amern.!ed in ~C()rdarj.(~ with tM> proV~il)ilS nef<<)f C'f th~ c~rtifk4lt~ of inrol1XJrahDn
therefor to provide for vlhet than nine Jlrt'CII)f~, the numbt'r of di..r-K'tl)n which thaU ronslHute tht',
whoie board shaH, in &ny eVt"ot, hi" a number <,venly divl.\lble by thrtto, The dlr~ton tJuU be el!'Cted lift
!.hI! linnuaj ~hni of tilt' IIttlekholden, ex\."ept as providt!'d in Sectk>n :.: of thl.5 Artkle, or in th~ ('~TtlfkAte
of inC-0l)."'Oliluon, .nd nch dir<<wr el<<t<<i shall hold ()~ until h.la 'UCt:~T I.i t!lfl'd~ and qu.H~
Dirt"C'ton nt'tNi not be atockholdtta.
So long as holden of Pn'(t>rre-d StocK .Ilf(, E'nlitled to el~t a1 l~&.st ol10-third of the tow.l number of
dll~tor~ of the C1;lq)oTlihotl. all provided in the CE'rtifkatt' of inl':-0rpo ra lion, the riir~d6u s<, f>l~{te<d by
hold~n of Pr~fened Stock s.hall t~ dt.'iugnated "$ "Pref~rr't'<i Stock Dlf~ton;'. The N:m.ainlng dmx:tQf'A
al-.a11 00 d~lin.at~llu "Common Stock dire-ctou".
St-cuon 2, Va{'an{'lM And newly crealro dlrE'..:tt)nhip5 fMultmi from taO)' inCfeL~ In tllt' authorU:eG
num~r of dlTe<:tors may b~ fiB~ by Q n\..joniy of the dln;,~lcrs th~n. in offin?, thQugh I~M th[lll it quorum,
And the dir('{'tora w rh<)-S{'ll l!-.IlJI hold OlliH~ \lnlu tht' !l{'xl onnuifl ele<tio.n <llld until their .Utc~:)rJ tire
duly t'lt'Cted ~nd shali qualii}', unless JW<)n..r dliplact'Ci
Seoctwn 3 The butlness (If the COJp<JO\tlOn ~ha II tX" IlUln...gtl'd by it.! ~r'd of dir<<ton .....hlch JiUl)'
ex~rd..(' all such pow~rs of th~ corponHon and do llI11such lawful.ciA and thip.p u tHe not by !t.Qtut~ or
by \.hI:; ct'ftific.ate of incorporllt1on or by the<< b).'.l4 WI dlr\!'ctoo or fequ~a'd to be e,un:i.ted Of d{)n~ by
th{' litvckholde-N.
MEr:TINGS OF THF: DOAHD OF DIRECTORS
SP.-<;ilot\ 4, Tht' boud of dlre<:tors Df the corpor..l1011 may hoW m~hngs, ooth regular .nd IIp<<:ial,
either wHhm or without lhe State of De!.avdHe,
~h(.ln 5, Th~ hnt rnt't"Hng of Udl newly eolf'<tt>O t..oard of Oirt'i;;\ors f.hall i~ h~td 3t such tlflU' and
place IU lIMlll~ fixed by th~ vote of th" !hxJJ)o!d~~!i Itt the knnulll tnteti.ng and no noht~ of luch f!1t'et,
wg $.hall ~ li~euary to th", newly \"b:te-<l dirl'CtM5 In order It"gl\ I l}' to corulitul4" the ffiMhng, pro~doo,
.. quorum s}iI~1l toe p.M~nt. In the e\'c:nl of the h!bre of the 5hxkhoid~ns to fL'( the time (ll plllce of lIuch fin\
lfiHling of the newly el~ted hond of diT~ton. or in thf2 ~Y*nt &uch It~ting !3 not hf'ld al th~ Um~ AAd
t>~('" &6,) fued by tM It!}ckhold~r!\. the me<etlng may ht heid at 1\..l<~h t.lnV! and pla<:-e &) shall bt! lpt'Clne..J in
a nvti(~ given as h~rdl'UftM' pr(}vidE><1 for !l~i4l1 nlt!'f!W,gs d the boerd of din:ct~)n. or U l!h4U be
sJ:.*<'int"(\ in i\ wrlH::-n wai,.....r signed by !ill of the directon...
f.!M:tion 6. R<!juIM meo:tintt! of the .lx>a.uj of dire<:toa mar ~ h.t.-l without nuUC1} lit 6lJch Urne fJ){i
at ~uch pl&<<o lU ,\laB hom tim~ If.> Ume b;; Jet.nminw by the hoo.r-<:l~
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