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% Minutes of annual Stockholders' meeting held Nov­ember 11, 1940, were read and approved. The next order of business being election of six Directors to serve the corporation during the ensuing year, the following were nominated as Directors: W. M. Jeffers E. E. Bennett Prank Strong A. V. Kipp W. R. Bracken Wm . Reinhardt Nomination was duly seconded, and in absence of further nomina­tions, ballot was taken. After computing votes cast, Inspect­or reported that 500 shares of stock, being all of the stock present or represented by proxy, had been cast for each of the above named Directors. Thereupon, Chairman declared that W. M. Jeffers E. E. Bennett Prank Strong A. V. Kipp W. R. Bracken Wm. Reinhardt had been duly and regularly elected to serve this corpora­tion as Directors for the ensuing year. The Secretary was requested to present for inspec­tion, records and proceedings of Board of Directors of the Company since date of last annual meeting of the Stockholders. This was done, and on motion duly made and seconded, it was RESOLVED, that the acts and proceedings of the Board of Directors of this company, as recorded in the records thereof, and all of the acts and doings of officers of the company, done in pursuance of said orders of the Board of Directors since date of last meeting of the Stockholders of the company, are hereby ratified, approved and confirmed. On motion duly made, seconded and carried by unanimous vote of all stockholders present in person or represented by proxy at the meeting, Section 1 of Article IV of the By-Laws was amended to read, as follows* -2-