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10 <br /> CONTRACTS, LOANS, CHECKS, AND DEPOSITS <br /> Section 1. Contracts. The Board of Directors may authorize any <br /> officer or officers, agent or agents, to enter into any contract or <br /> execute and deliver any instrument in the name of and on behalf of the <br /> corporation, and such authority may be general or confined to specific <br /> instances. All such contracts shall be in accordance with the annual <br /> budget approved by the Board of Directors at its Annual Meeting. <br /> Section 2. Loans. No loans shall be contracted on behalf of the <br /> corporation and no evidences of indebtedness shall be issued in its <br /> name unless authorized by a resolution of the Board of Directors. <br /> Such authority may be general or confined to specific instances. <br /> Section 3. Checks and Drafts. All checks, drafts or other <br /> orders for the payment of money, issued in the name of the <br /> corporation, shall be signed by such officer or officers, agent or <br /> agents of the corporation and in such manner as shall from time to <br /> time be determined by resolution of the Board of Directors. <br /> Section 4. Deposits. All funds of the corporation not otherwise <br /> employed shall be deposited from time to time to the credit of the <br /> corporation in such depositories as the Board of Directors may select. <br /> ARTICLE IX <br /> GENERAL PROVISIONS <br /> Section 1. Seal. The corporate seal of the corporation shall <br /> consist of two concentric circles between which is the name of the <br /> corporation and in the center of which is inscribed SEAL; and such <br /> seal, as impressed on the margin hereof, is hereby adopted as the <br /> corporate seal of the corporation. <br /> Section 2. Waiver of Notice. Whenever any notice is required to <br /> be given to any Director by law, by the charter or by these Bylaws, a <br /> waiver thereof in writing signed by the person or persons entitled to <br /> such notice, whether before or after the time stated therein, shall be <br /> equivalent to the giving of such notice. <br /> Page 8 of 10 <br /> Section 3. Fiscal Year. The fiscal year of the corporation shall be <br /> the calendar year, from January 1st to December 31st. <br /> Section 4. Amendments. After thirty (30) days written notice to <br /> all Directors, and subject to the approval requirement stated herein, <br /> these Bylaws may be amended or repealed and new Bylaws may be adopted <br /> by the affirmative vote of a two-thirds majority of the Board of <br /> Directors present and voting at any Regular, Annual or Special Meeting <br /> duly and properly called. The notice of any such meeting shall <br /> include notice that a vote to amend or repeal the Bylaws (as the case <br /> may be) shall be taken at such meeting and a copy of the proposed <br /> change. Provided further, amendment of this paragraph and amendment <br /> of provisions stated in these Bylaws regarding: (I) the management of <br /> the Corporation; (ii) the qualification of directors; (iii) merger; <br /> (iv) acquisition; (v) sale of assets; (vi) purchase of assets; and <br /> (vii) the distribution of assets upon dissolution shall require the <br /> unanimous vote of all directors in office at the time such amendment <br /> is undertaken. <br />