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ARTIGLE III
Board of Directors
SECTION 1. GENERAL POWERS.
The affairs of the corporation shall be managed by its Board of
Directors, and, in addition thereto, they shall have the powers necessary
to properl"y manage the affairs of the corporation, including those powers
granted to Lirectors under ine ijisLrici ui Cui~ui;t~ '*-~ T__ T_~t:~ r-_.~.__
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ation Act, as it may be amended from time to time. .
SECTION 2. NUMBER, TENURE AND ~UALIFICA TIONS.
The number of Directors shall be five (5) or more. Each Dir-
ector shall hold office until his successor shall have been e2ected or
qualified. The term of office for the First Chairman of the Board here-
under, Homer Hoyt, shall be until he resigns, dies, or is unable to serve
for any reason whatsoever. Other Directors elected to the Board of Dir-
ectors shall be eligible for election to a one (1), two (2), tnree (3), four (4),
or five (5) year term.
SECTION 3. REGULAR MEETINGS. ~
A regular Annual Meeting of the Bo:~rd of Directors shall be held
without other notice than this By-Law on the -first Monday in October of each
year or as soon thereafter as shall be deemed to be mutually convenient to the
Directors to be determined jointly by the Chairman of the Board and the President.
The Board of Directors may provide by resolution the time and place, either
within or without the District of Columbia, for the holding of additional regular
meetings of the Board without other notice than such resolution.
SECTION 4. SPECIAL MEETINGS. .
Special Meetings of the Board of Directors may be called by or at
the request of the Chairman of the Board, the President, or any Two (2)
Birectors. The person or persons auihorized to call Special Meetings of the
Board may fix any place, either within or without the District of Columbia, as
the place for holding any Special Meeting of tiie Board called by them.
SECTION 5. NOTICE.
Notice of any Special Meeting of the Board of Directors shall be
gis-sn at least T~.~o {2) days p:eviously thereto by written notice delivered
personally or sent by mail or telegram to each Director at his address as
shown by the records of the corporation. If mailed~ such notice shall be
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