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~~~i 32 r~tf 505
SKtion 7, SJ:4'Clal meeUng.i of tta 1x-..rd rnAY btl 'i\\~l by {M ptflidornt on ()(\~ day', notice to ('pell
dlfe-ctM, t'ilm-r personally Gr hy mail or by telt'j!Cl'mi ipe-ci&l mt"Cting.>> !.h!lll he ('sUe,d by th{' president
or r.-e<rt't&ty in lik~ manner and en hlte noU~ on th~ w:itten NlqU"t of two dir~ton,
Sc<-hnn 8, At all m~tl!lg" (;f ltlt' boarxl not It't!> th4<n oOf:-third nor le$!llhall two dln-ctut:> lShall ('on-
fltltclte it quorum for the tnn..,su:\I0l\ of bU,$il1E'1S and the ll{'t of a m.ajority 01 the dile<'tON pte~nt OIl itlty
Illt'()\mg at which th~re i.s II quurum ~JO\I be the .Kt of the tx.-.rd of dl:edon. l"xcept a... may lJot' olhen~lse
sJ:>et:lfically provid~i by ~tQlut(' (.r by thf' cerhlln.tt> uf Incorpocation If 11 quorum '\.h~U not be Jlrt'~llt at
any m~til1M d th", \x\drd of dirKtlJfS thl) dire-<:'totlJ pl'tltCnt th~c('.l nUl>' OIdjUlHI'i the m~lI11g fw!n tune to)
tune. wHheut 110tl<"(' ot}wr th..;) anr..)\ll)(('fj1f'nt &t the m~ll!\g. until a quorum ~hilll 1~ prt"St'nt
~:lwlI 9, U()l~'~ olhet\\'IM! f('stnd('(\ hy tht' (('rtiflCiltt~ of \flCorpofiltl\lll Of th(<!.(' hy.laws. allY anIOn
r"tu1tr.-ti Of pt'rmiH~1 to 't", t.ilKf'n at >lny m~tlnR of \h(> board of dlre-ctC>nl or of allY nJillmllh'v thcH'of
mllY 1ft' takt'fl wlth.Jut n ml't'tln~, if pnof 10 !\urh action a written ({jownt thno:te 1"1 si/i.n~'1.1 by liB
m:embt'f5 of the board or of !l1,h ('('mtni~h't' it.. thi" case Inti;' t>{" aod 'Hi~h WTIlI'!1I nlO~nt l'l fIled wllh th~
minut<'S of pn;<:t'{'(l!ni: of thr board or {on>mltt~,
COMMITTEF.8 OF DIRECTOnS
S<<:tlOl1 10 Tlil.' board of dHt'CtOtll may, by rt'~{)lut;/Jn pa.s,;;,,,-! by (! ilHljOnty 01 thl' ,<"hull' board,
dl'lIlgn1lte one Of mote C{)llimltteel, ('lich cmnrOltt~ to ct)n~iAt of two Of morf' of Ihft dlrrctOf'< of lit'(' COf'
potatIOn, whkh, to tht- I,'xtt'nt provit!l.d In li~ ft'!<ll\1t1on. ..h.61l huv!:' and may (''':f'fll~(, thl' })o.lwt'r" ..f the
board of dir~tor~ In the manaj{~m1:llt of tht' bU!llllelill Qnd affairs ,A tht' (orpocnllOf\ fil1d mllY iiuth<li'IU'
tht' ~..l (If the !:orpnr;;\lOn t<llx: atli"'l'<l to all pper:, WIHdllJ'lay !cqulrl' It Such cO!nrnltlt'~' OY n)lIlllllll('t~
shall hJ\ve ftuch nafl\(' Of nknll'!i ll'i may be detl'rmJllf:d from time to tllnt' hy fe'\Olutwn ndl'ptl'ti b>' thl:'
boArd of dllffton
~tlun 11 r:a,h {'ommIH(~ ahall ket'tl fl'p{ul.1r 11111H!h:i of It~ lliM:llilj{" Slod cq;")rt tlil.' '<<iIll!' Ii> lh('
l>(~rd l,f dlt€'ctiJji when It:qUlf<<1
COMPr:NSAT10r-: OF DnU:crons
St>ctlOli 12 ThC' dlTt'(lof;l milY bt' pllal th"!f {':i,<('J1~;:S, If <lilY. of att\'ndiln.l' ill .'arh m,'dlll~ o! Iht,
lx,<,rd of dlf<<tOr3 And mill' ht' paid u fl'(ul l\UlIl loj' l'lt\t'ndan....' al t'ath tn~dlllg "f dlJ' 1;.";;1<1 of tinc( ,,'f:<t
or i1 5tatcC "-'llary a.~ dICf":tOf, No !>w:h payn1l'nt .,Iudl pff'<:'!ude .,:\y citrt'Ctnf !rom ~,l'r\'lllg Ill!' n1f\)(lriJI,;.n
in an>' <;ther (apactl}' ,lIld r;;-(:(;;vtnp: (l.m~)('n.s.ltlllll tlH'rd"L ~h'ml)>t.r'> Ii: l>p~xl'll (lr 't1.Jl\dlll~ 1"II\!nIUl'(:~
rllllY be illlowed Itk.c (UInp<>CL'kltlOlI lor oltlemhng cullIl11ll!1;(' IlIct:tl/lg~
PROXn::s SOLICITED HY COHI'OHATION ,,'on ELl::C'no~ or DlHECTOHS
Sed;ol) 13 III any suhutallOn uf p"'Xit'~ by tht' c(,q>'JriOllOfI With ti'''~*i.t tll HlIY per:\on IlOlIlln"tl~1
for elt'<twn iJ.<; a dlrt,,<:tur, ~I long as th~ I'lOi,h~t.. of l'rt"fenf....1 Shxk nrr. f'i111Ih>>:I, \'tlliI!g !>('p.n,lldy anti il><
11 cla...", to d~t thl' rninllnUln numher ,.f dlCt'd"I" of !I\l' \ ,npt.r;ill()l\ which h nl'H''''''ICY Iii 1"l\\I11utl' at
lelUt u!l('-third of tll;! tutulnuln\;ec of thl' dUt'dor:s of tll!' lorporiltl(>ll, the .boJrd of .\It\'dur~ .,h;oll 1,llb'"
to be lIlduded in th~' proxie.. the nanll'!i of the 1I'"111ll{'\.'~ ~ut,:nl\tql by th(' PrI'fl'fru.l St,..rk dlyt'CI,,!,; iur
t'\c'dlOn a.~ Prdcfrt'l.l Stixk directl'r1> tlnd ~h"lI ,.ilon.1 an o\,pc'ftunllY to h"ldl'l'> oj l'rdnrnl St...,k h
..ut.~ fM !>uch I\OCT1l11et"f. hy !lulh prQXll'S
ARTICLE lV
N011crB
Se<:UUf\ 1 Noh'l'~ to tltn'l;\or5 .,Ld q,..:xhohkrs sh;;l! L". In WCI!lIl)c: (lnd dt'hVt,tt",1 lJ{'r"Ofulh' Of
:nadl,J to lh", dlrH'too. (ir ~totkhololPr'" at tllt'lr addr<:,s".,t'!I "ppl,,'fln~ on th(' I,ook.~ of lhe (ilrpOrnlHoIl
N'JIlC'e by mAil IIhnil h~ dt~{,lTw<lt" 1... ~lvef1 .it the tllne wh~n the ,>,II11l' \h"ll lA:' Iliadl,,;j ~':"lln" I" <llr\,( t"r..
mil;' e.lw i.. give-n h] \t>legro;il1
St-<:hOil 2, \Vht'lI('v~r un}' r.,tl{'(' i~ Il"julco"i tn he r.l1\'t'1I 1.!Odey 1111' ptOvj~I"II' ..f th.. ~Iilt\l!{'" nr "f t}w
{:t'rtif\O.tl; (.r iHCOrp')fHtFJf\ or of th('<.1' by,!;;w", iI W8IV{'r !heCt'"f in WTltln~, si~n('d by t!it' IwnOll or }J<'r,
liOn,; t'ntltled I') ~aid 1101\(('. .....hHht>f hd"t~ ot lI!t~r tiw ll!liC ~.t;.\tl"tllh"fi'll1. ~h<!il t.~ dl't'J<ll'd ('JjillV'Jlent
t.h~ r e to,
~
ARTICLE V
OFT1Cf..HS
~t\{jn 1 ')'h~ (Iffkf'll1 of th(' torpnYlllioll "hill! h~ ch~n by thto board .-.f Lltr~tl)n. and "h.d! h~ A
pr~5idt.'l\t. ~ Vic-e'PfE'SidClll, a $.fff('t..ry l\f,d a Ir~i}';Ur{'r The I)/"}.I[ci of dlft'dur..:; Inay .It~J l"!">(,,,(' ,.rldillt;l;il\
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