HomeMy WebLinkAbout0918 A~TI«.E IX. Powor~ of Hoard oE Diractor~ t
T6s Board o! Diractor~ ~hall haw po++~re to ~nact bdr-Lw~n
aubjsct to hylawe snact~l by tht •toaklwl.d~ar~, Mhi,ch may pro-
vide, ~noang otttiar thit~ga, for the appoint~aant o! an E~a~cutiv+t Coar- ,
mittee to be clwsaA from aaat~g ths a?~wb~ra of tha Boa~cd of Diractora,
The IIoard og Diractore~ sab~sat to ~t~y provisioaa a! tAa byLa~n
enacted by tt~s stockhoLdar~, ~?y from tims to tieoa~ dafia~a tM
dutiea of tb~e ~oacutiv+a Comni.ttes, provid~a for itq ~,ppointmaAt* atul
if nut otturwias ~fin~d by tha by-laas su~cb co~ittat shall hav~a ;
ated ax~nrcias eu,ch og ths pw~ers of tha Board of Dirsctora ae tnay
be lawfully dslagatad to it. - '
AR'rZ(~.E X. ofPicars mNd Directore moy Gbntr~ct aith Corporation:
No contract ~r other traa~action betw~asn th4 corporatiot? or
anp other corp~ratiun ahall bs afgected or fmtalidated by the fact
that any one or more uf the directora of thia corporation i8 or are
interested in, or is a director or officsr, or ara directors or
~ffiaere of euch ott~er corporati~n~ any other dirsctor or directora.
ittidividuslly or ~ointLy, maq be a party or pwrt~,ee to or a4ay be
^ intareeted in any contraats or tranaaction of this sorporation or
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in vhich thia corpo~ration i~ iatarsated; aud ao contr~?ct, act or
transACtion o! t~ia corgoration erith sn,y parson orpor~one, firm
or corpuration ehall be affacted or ittvel~,dr?bad by tha fact that
any director or directora, or officer or ofPicers of thie corpora-
tion ie g perty, _ or as-Q partise, to or interested in euch contreRCt,
~ act or tranaaction, ° ~r ~tn ~y way cotuyected ~rith auch pereon cr '
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pera~t~, firm flr corporation, ~nd aaah and everp person Who may be- ~
come a director cr off fcer of ti~ie a~rporation, ie hereby rsliav~ed
from ~ny liability ttwt might ottwrwiea sxiet Prom cctttractitt,~ atith
tt~a corporetion far the ben~efit ot himeelP or a~,y fi.s~, aseocia- '
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tion or corporation in ~hich t~e awq be in At~n+ise interestad. ~
ARTICi.E Xi. spacial Frcwioiou,c: ~
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Tha follcviAg opecial ps~oPvi~foas ehall ~ov~ern thie Corpor~t~.ottt !
(a) The tima md plaot o! ths aanusl etoakholder~ s e~eatiag
ahall bs ti~oad at~d provide4 !or ia tha by-Lan~~ attid notics o! ths
~ as~ ahall ba gi~st? in on~s oi ths mathod~ pron?ide~d by x~W. Anq ~
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