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other officers as may be appointed by the Board . Any two or more <br /> offices, except those of president and price pres i dent , may ne he i <br /> by the same person. <br /> Section 4.2* Election Term of of f lce and Qualifications. <br /> The officers shall be elected annually by the Board c f Directors , <br /> and , except in the case of officers appointed in accordance w z L. <br /> the provisions of section 4 . 10 hereof, each shall hold office until <br /> the next annual election of officers and until a successor is <br /> elected and qualifies, subject to the officer ' s earlier d i squa 1 i- <br /> fication, resignation, or removal . The officers need not be direc- <br /> tors of the corporation. <br /> Section 4. 3. Resignations. Any officer may resign at an,,- <br /> time by giving written notice of this resignation to the Board c-- <br /> Directors , the president, or the secretary of the corporation. Ar,%* <br /> such resignation shall tape effect at the time specified there..,; r <br /> oar , if no time is specified therein, upon receipt thereof b • <br /> Board of Directors , president , or secretary of the carporat � <br /> unless otherwise specified therein , the acceptance of such <br /> tion shall not be necessary to make it effective ,, <br /> Section 4. 4. Removal. Any officer ray be removed , <br /> with or without cause, by a Grote of the Board of Directors a <br /> meeting called for that purpose , which purpose shall be states ' f� <br /> the notice or waiver of notice of such meeting unless a l l t_-!-%e <br /> directors of the corporation shall be present thereat . <br /> Section 4*5. Vacancies. A vacancy in any office because of <br /> death, disqualification, resignation, removal. , or any other cause <br /> shall be filled for the unexpired portion of the term in the manner <br /> prescribed In these Bylaws for election or appointment to such <br /> office. <br /> Section 4. 6. President. The president shall be the chief <br /> executive officer of the corporation and shall have general and <br /> active management of the business and affairs of the corporation . <br /> If a chairman or vice chairman are not elected by the Board, the <br /> president, when present, shall preside at all meetings of the Board <br /> of Directors and of the executive committee, if one be constituted . <br /> The president shall see that all orders and resolutions of the <br /> Board of Directors are carried into effect. The president may <br /> execute and deliver in the name of the corporation (except in cases <br /> in which such execution and delivery shall be expressly delegated <br /> by the Board or these Bylaws to some other officer or agent o f the <br /> corporation or shall be required by law to be otherwise execufe� <br /> and delivered) any deeds , mortgages , bonds , contracts , or of he r <br /> instruments pertaining to the business of the corporation. The <br /> president shall perform such other duties as may f rom time to t i mr} <br /> be prescribed by the Board of Directors , and , in general , sha a <br /> perform all duties usually incident to the office of president . <br /> 5 <br />