(c) No person shall be elected by the stockholders to the office of Director for more than three consecutive terms, and no person who has held the office of Director for more than one year of a term to which some other person was elected Director shall be elected to the office of Director for more than two consecutive terms thereafter; provided, however that a person may be elected to the office of Director after a lapse of service as a Director of one year. The President and Vice President may extend beyond three consecutive terms in order to serve as Director while serving as President or Vice President. SECTION II – VACANCIES All vacancies on the Board of Directors shall be filled by the Board, and the members so elected shall hold office until the next Annual Election or until their successors are elected and qualified. SECTION III – MEETINGS The Board of Directors shall hold a regular meeting in the months of March, June, September and November. A special meeting of the Board of Directors may be called at any time by the President or upon the request in writing of a majority of the Directors.
ARTICLE IV OFFICERS
SECTION I – OFFICERS The Board of Directors shall elect from among its own members a President, Vice President, Secretary, Treasurer, and such other officers as shall be deemed necessary. SECTION II – DUTIES OF THE OFFICERS (a) The President shall preside at all meetings of the members, the Executive Committee and the Board of Directors. In the absence of the President, the Vice- President shall preside. In the event neither the President nor Vice President are available, those present at any meeting may elect the presiding officer from the members of the Board of Directors present. Except as otherwise set forth in a resolution of the Board of Directors or in these By-laws, and the President shall perform such other duties as the Board of Directors may assign. The President shall be ex-officio; an additional member of all committees created under these By-laws. No person shall serve as President for more than three consecutive years. (b) The Vice President shall assist the President and shall perform such other duties as the Board of Directors may assign. In the absence or disability of the President, the Vice President may perform the duties of the President.
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