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H C losin g Tran sfer Books. S ectio n 5. The stock tr a n s fe r books o f the Company s h a ll be c lo s e d fo r twenty (30) days preced in g the date appointed fo r the h o ld in g o f any annual or s p e c ia l meet­in g o f the stock h old ers. Chairman o f Meet­in g s . S e ctio n 6 . The P re s id e n t, and in h is absepce the V ic e -P re s id e n t, s h a ll c a l l a l l meetings o f the stockhold­ers to order and act as Chairman o f such m eetings. In the absence o f these o f f i c e r s , the Board o f D irecto rs may appoint a chairman o f the meeting to act in such e-ven t; but i f the Board s h a ll not make such appointment, then, in the absence o f these o f f i c e r s , any stockholder or proxy o f any stockh older may c a l l the meeting to order, and a chairman s h a ll be e le c te d . Secretary o f Meet­in g s . Section 7. The S ecretary o f the Company s h a ll act as secreta ry at a l l meetings o f the stockh olders; but in . the event o f h is absence the p re s id in g o f f i c e r at the m eeting may appoint any person to act as secreta ry o f the m eeting. Quorum- Ad j o urn-men t . S ection 8 . The rep resen ta tio n o f a m ajority o f the outstanding c a p ita l stock o f the Company, by the holders th e re o f in person or by proxy, s h a ll be r e q u is ite to con­s t it u t e a quorum fo r the h o ld in g o f any meeting o f the stockh olders; except th at any p ro p o rtio n o f the outstand­in g stock le s s than a m a jo rity may adjourn a m eeting from day to day u n t il a quorum s h a ll be p resen t. A m ajority o f the c a p it a l stock represen ted at any meeting s h a ll be necessary to determine any question or e le c tio n th e re a t. The time and p lace to which any adjournment is taken s h a ll be p u b lic ly announced at the m eeting, and.no fu r­th er n o tic e th e re o f s h a ll be n ecessary. A ll p ro x ie s s h a ll be in w r itin g and must be on f i l e w ith the Secretary b e fo re the same are vo ted . ARTICLE I I . Board o f D ire c to rs . Number and Ten­ure — Powers. S ection 1. The gen era l management o f the business and a f f a i r s o f the Company s h a ll be v e s te d in a Board o f D ire c to rs , s ix in number, who s h a ll h old o f f i c e u n t il the next annual meeting o f the stock h old ers o f the Company,