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to whom power in that respect shall have been delegated by the Board. For the
purpose of deposit and for the purpose of collection for the account of the
Corporation, the Chairman of the Board and Chief Executive Officer, or any Vice
President, or the Treasurer (or any other officer or agent or employee or
attorney of the Corporation to whom such power shall be delegated by the Board)
may endorse, assign and deliver checks, drafts and other orders for the payment
of money which are payable to the order of the Corporation.
SECTION 8. General and Special Bank Accounts. The Board may from
time to time authorize the opening and keeping of general and special bank
accounts with such banks, trust companies or other depositaries as it may
designate or as may be designated by any officer or officers, agent or agents,
or attorney or attorneys, of the Corporation to whom power in that respect shall
have been delegated by the Board. The Board may make such special rules and
regulations with respect to such bank accounts, not inconsistent with the
provisions of these By-laws, as it may deem expedient.
ARTICLE VIII
Amendments
All By-laws of the Corporation shall be subject to alteration or
repeal, and new By-laws shall be adopted, either by the affirmative votes of the
holders of record of 80% or more of the issued and outstanding stock of the
Corporation entitled to vote in respect thereof, given at any annual or special
meeting, or by the vote provided for in SECTION 12 of ARTICLE III hereof given
at any regular or special meeting of the Board of Directors, provided that
notice of the proposal so to alter or repeal or to make such By-laws be included
in the notice of such meeting of the stockholders or the Board, as the case may
be. By-laws, whether made or altered by the stockholders or by the Board of
Directors, shall be subject to alteration or repeal by the stockholders by the
vote hereinabove specified.
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