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Section 12: Vacancies. If any vacancy shall occur in the Board of <br />Directors by reason of death, resignation, disqualification, removal, increase <br />in the number of. Directors or any other cause;'such vacancy may be filled <br />(subject to the provisions of Section 11 of this Article V) by a majority of the <br />remaining Directors, though less thsn a quorum. <br /> <br /> Section 13: Compensation. A Director shall not receive, directly or <br />indirectly, any salary, compensation or emolument from the Corporation either as <br />such Director or in any other capacity unless authorized by these By-Laws or by <br />the concurring vote of two-thirds (2/3) of all the Directors. <br /> <br /> Section 14: Written Consent in Lieu of Meetings. Any actlon required or <br />permitted to be taken by the Board may be taken without a meeting if all members <br />of the Board consent in writing to the adoption of a resolution authorizing the <br /> <br />action. <br /> <br />AlT ICLlI VI <br /> <br />OFFICERS <br /> <br /> Section 1: Number. The officers of the Corporation shall be Chairman of <br />the Board (if the Board of Directors shall so determine), a President, one or <br />more Vice Presidents, a Secretary, a Treasurer, an Assistant Treasurer and such <br />other officers as may be appointed in accordance with the provisions of Section <br />3 of this Article VI. <br /> <br /> Section 2: Election, Term of Office and Qualifications. Each officer <br />(except such officers as may be appointed in accordance with the provisions of <br />Section 3 of this Article VI) shall be elected by the Board of Directors at its <br />annual meeting. Each such officer shall hold his office until the next annual <br />meeting of the Board and until his successor shall have been elected and <br /> <br /> <br />