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I <br />I <br />I <br />I <br />i <br />I <br />i <br /> <br />required by lay, a copy thereof shall be served personally by first class mail <br />upon each shareholder residing within the United States entitled to vote at such <br />meeting not less than ten (10) nor more than fifty (50) days before the <br />meeting. If mailed, such notice shall be directed to each such shareholder at his <br />address as it appears on the books or records of the Corporation. Such notice <br />shall state the time and the place of the meeting and, if the meeting be <br />special, briefly describe the purposes thereof. Unless otherwise provided by <br />law, no notice of the time, place or purpose of any meeting need be given to any <br />shareholder who shall attend such meeting in person or proxy or to any <br />shareholder who, in writing, executed and filed with :he records of the <br />Corporation, either before or after the holding of such meeting, waives such <br />notice. No notice need be given of any adjourned meeting. <br /> <br /> Section 5: Annual Report· At each annual meeting of shareholders, the <br />Directors shall present a report, verified by the President and Treasurer or by <br />a majority of the Directors, showing the whole amount of real and personal <br />property owned by'the Corporation, where located and where and how invested, the <br />amount and nature of the property acquired during the year immediately preceding <br />the date of the report and the manner of the acquisition, the amount applied, <br />appropriated or expended during the year immediately preceding such date and the <br />purposes, objects or persons to or for which such applications, appropriations <br />or expenditures have been made and the names and places of residence of the <br />persons who have been admitted as shareholders in the Corporation during such <br />year. Such report shall be filed with the records of the Corporation and an <br />abstract thereof entered in the minutes of the proceedings of the annual <br />meetings. <br /> <br /> <br />