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0 0 <br />UJUI\ /.V PAGE 2236 <br />ARTICLE IV <br />Officers <br />Section 1. Officers of the Corporation. The officers of the corporation <br />shall consist of a president, secretary, and treasurer. Other officers, including a <br />chairman, chairman-elect, and vice-chairman of the Board of Directors (as <br />provided in Article III), one or more vice-presidents (whose seniority and titles, <br />including executive vice-presidents and senior vice-presidents, may be specified <br />by the Board of Directors), assistant secretaries, and assistant treasurers, may <br />from time to time be elected by the Board of Directors. Any two or more offices, <br />except president and secretary, may be held by the same person. No officer may <br />act in more than one capacity where the action of two or more officers is required. <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 IV, shall be chosen by the Board of Directors and shall <br />hold office until the annual meeting of the Board of Directors held next after his <br />election or until his successor shall have been duly chosen and qualified or until <br />his death or until he shall resign or shall have been disqualified or shall have been <br />removed from office. <br />Section 3. Subordinate Officers and Agents. The Board of Directors <br />from time to time may appoint other officers or agents, each of whom shall hold <br />office for such period, have such authority, and perform such duties as the Board <br />of Directors from time to time may determine. The Board of Directors may <br />delegate to any officer or agent the power to appoint any subordinate officer or <br />agent and to prescribe his respective authority and duties. <br />Section 4. Removal. The officers specifically designated in Section 1 of <br />this Article IV may be removed, either with or without cause, by vote of a majority <br />of the whole Board of Directors at a special meeting of the Board called for that <br />purpose. The officers appointed in accordance with the provisions of Section 3 of <br />this Article IV may be removed, either with or without cause, by the Board of <br />Directors, by a majority vote of the directors present at any meeting, or by any <br />officer or agent upon whom such power of removal may be conferred by the <br />Board of Directors. The removal of any person from office shall be without <br />prejudice to the contract of rights, if any, of the person so removed. <br />Section 5. Resignations. Any officer may resign at any time by giving <br />written notice to the Board of Directors or to the president or the secretary of the <br />corporation, or if he was appointed by an officer or agent in accordance with <br />Section 3 of this Article IV, by filing written notice to the officer or agent who <br />appointed him. Any such resignation shall take effect upon its being accepted by <br />5 <br />