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Secretary o f Meet­ings Quorum- Ad jo u rn - sent Humber and Tenure — Powers Vacancies Meetings o f these o f f i c e r s , the Board o f D ire c to rs may appoint a chairman o f the meeting to act in such event; b at i f the Board s h a ll not make such appointmentP then, in the absence o f these o f f i c e r s , any stockh older o r proxy o f any stock­h o ld e r may c a l l the m eeting to o rd e r and a chairman s h a ll be e le c te d , section. To The s e c re ta ry o f the company s h a ll act a s se c re ta ry a t a l l m eetings ox the sto ck h old ers; but in the event o f h i s absence th e p r e s id in g o f f i c e r at the meeting may appoint any person to aot as se c re ta ry o f the m eeting. Section 8. The re p re se n ta tio n o f a m a jo rity o f the out­standing c a p it a l stock o f the Cbmpany, by the h o ld e rs th e re o f in person o r by proxy, s h a ll be r e q u is it e to o o n s tltu te a quorum f o r the h o ld in g o f any m eeting o f the stock h olders: except th a t any p ro p o rtio n o f the outstanding stock l e s s thaif, a m ajority may adjourn a meeting from day Vo day u n t il a quo­rum s h a ll b t p resen t, A M a jo rity o f the o & p ita l stock rep resen t­ed at any meeting s h a ll be n ecessary to determ ine any q u estio n e le c tio n th e re a t. The time and p la c e to vhioh any adjournment i s taken s h a ll be p u b lle ly announced a t the m eeting, and no fu r t h e r n o tic e th e re o f s h a ll ba n e ce ssary . A l l p ro x ie s s h a ll be in w r it in g and must be on f i l e w ith the s e c re ta ry b e fo re the same a re voted. ARTICLE I I Board o f D ire c to rs S ectio n X. The g e n e ra l management o f the bu sin ess and a f f a i r s o f the Company s h a ll be vested 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, and u n t il o th e rs a re duly ohosen in t h e ir p la c e and s h a ll have q u a lifie d . The Board s h a ll employ such agents and servan ts a s they s h a ll deem a d v is a b le and f i x the compensation o f a l l o f f i c e r s , agents and employes: and may, by a m ajority v o te o f a l l the members o f th e Board, remove any o f f i c e r , agent o r employe e le c te d o r employed by them. Any Vacancy o c c u rrin g in the o f f i c e o f d i r ­e c to r may be f i l l e d f o r the unexpired term by a vo te o f a m ajo rity o f the rem aining d ir e c t o r s , se c tio n 3* R egular meetings o f the Board o f D ire c to rs s h a ll be h e ld on the f i r s t Tuesday a f t e r the second Monday l a each month a t 11 o 'c lo c k a .m. and no fu rth e r n o tlo e o f such r e g u la r monthly m eetings s h a ll be re q u ire d . S p e c ia l m eetings s h a ll be h e ld whenever c a lle d by the se c re ta ry upon o rd er o f the Chairman o f the Executive Qbmmittee o r upon the signed o rd er o f th re e members o f the Board, n o tice o f s p e c ia l meet­in g s s h a ll be given a t le a s t th ree days p r io r th e re to by m ail­in g o r te le g ra p h in g the same to the re s p e c tiv e resid en ces o f o f f i o e s o f the D ire c to rs , but any D ir e c t o r may consent in w r it in g to the h o ld in g o f a s p e c ia l meeting w ithout n o tic e ,