HomeMy WebLinkAbout2248deemed to be delivered when deposited in the Uniied States Mail in a
aealed envelope so addressed, with postage theron prepaid. If notice shall
be given by telegram, such notice shall be deemed to be d'elivered when
the telegram is delivered to the telegraph company. Any Director may
waive notice of any meeting. The attendance of a Director at any meeting
shall constitute a waiver of notice of such meeting, except where a Director
attends a meeting for the express purpose of objecting to the transaction of
any business to be transacted at, nor the purpose of, any regular or Special
Meeting of the Board need be specified in the notice or waiver of notice of
such meeting, uniess• specifically required by law or by these By-Laws.
SECTION 6. QUORUM.
A majority of the Board of Directors shall constitute a quorum for
the transaction of business at any meeting of the Board, provided, that if
less than a majority of the Directors are present at said meeting, a majority
of the Directors present may adjourn the meeting from time to time without
further aotice.
SECTION 7. MANNER OF ACTING.
The act of a majority of the Directors present at a meeting at which
a quorum is present shall be the act of the Board of Directors. except where
otherwise provided by law or by these By-Laws.
SECTION 8. VACANCIES.
Any vacancy occuring in the Board of Directors or any directorship
to be filled shall be filled as follows:
The Board of Directors by majority vote may in
their sole discretion elect Directors in addition to the
five (5) Directors initially serving. The successor to
HOMER HOYT, the First Chairman of the Board, shall
be elected by the majority vote of the Direa~ors and hold
office for a five (5) year term of office plus any fraction
of a year. The President shall be eligible for a four (A)
year term of office plus any fraction of a year. Other
officers shall be eligible for up to a three (3) year term of
office plus any fraction of a year. Other Directors may
be elected for one (1) or two (2) year terms plus a fraction
of the year. The Chairman of the Board, any officer, and
Director, shall be eligible for :e-election to office for an
unlimited number of terms.
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