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Article 4, Con't.

Sec. 1. Con't. Unless otherwise specified in the notice, any and all business may be transacted at any meeting of the board

Sec. 2.  A majority of the board of directors shall constitute a quorum. Though less than a quorum be present, any meeting may, without further notice, be adjourned to a subsequent date or until a quorum be had.

Sec. 3.  The board of directors shall have the control andmanagement of the business and property of the corporation and also shall have and exercise all the powers conferred upon them or set forth in the charter of the corporation, any general laws or by these by-laws. Without in any manner limiting the general powers otherwise conferred it is hereby expressly declared that the board of directors shall have the following powers;-
A.  To purchase, lease, or otherwise acquire for the corporation any and all rights, privileges, franchises or property, whether real or personal, business, good will, fixtures, patents and interests thereunder, whenever they, in their judgement, deem it beneficial for the purposes of the corporation and which the corporation is authorized to acquire, and to pay for the same either wholly or partially in money, or in stocks, bonds, debentures, or other securities of the corporation, or on such terms and conditions and for such consideration as they may think fit.
B.  To borrow money when they deem it necessary and to issue any or all bonds, debentures, or any obligations convenient for the business of the corporation, and to secure the same by mortgage, pledge, deed of trust, or any other manner on all or any property of the corporation present or after acquired, and to draw, make, accept, endorse, discount, execute, and issue contracts, promissory notes, bills of exchange, warrants, and negotiable and transferable instruments.