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V Aud11 or A u d i t o r w i t h t h e a p p r o v a l o f the P r e s i d e n t . He i s a u t h o r i z e d t o draw checks a g a i n s t any funds t o the c r e d i t o f the Company i n any o f i t s d e p o s i t o r i e s Out a l l checks drawn by t h e T r e a s u r e r s h a l l be c o u n t e r s i g n e d by t h e A u d i t o r o r by such p e r s o n ss s h a l l b e d e s i g n a t e d by t h e A u d i t o r w i t h t h e a p p r o v a l P r e s i d e n t . He s h a l l cause t o be k e p t I n h i s o f f i c e , t r u e and f u l l accounts o f a l l r e c e i p t s and t n n h U r ?Z h l a o f f i Q e - He ^ a l l a l s o pe r fo rm P ^ * \ S thJ r duJ i e ® as eh**1 1 be a s s ig n e d t o him by t h e P r e s i d e n t , and s h a l l g i v e bond w i t h p r o p e r s u r e t y f o r as may be approved by t h e P r e s i d e n t , f o r the f a i t h f u l p erfo rman ce o f h i s d u t i e s . cOnflTxro S e c t i o n 6; The A u d i t o r s h a l l have t h e immediate c h a r g e , s u p e r v i s i o n and c o n t r o l o f a l l the accounts oi the ompany, and s h a l l e n f o r c e and m a i n t a i n the a c c o u n tin g r u l e s and r e g u l a t i o n s as p r e s c r i b e d from tim e t o t im e . He s h a l l r e q u i r e r e p o r t s from t h e T r e a s - ^ ° r ^ S^ 3 t ? nt T r e a s u r e r , and from a l l o f f i c e r s and a ge n ts o f t h e Company who r e c e i v e or d is b u r s e funds f o r i t s a cco u n t, at such time and i n such form as he may deem a d v i s a b l e , showing a l l r e c e i p t s and d i s ­bursements f o r the Company’ s a c c o u n t, and he s h a l l have the c u s t o d y o f a l l vo u c h ers, d r a f t s , i n v o i c e s and o t h e r e v i d e n c e o f such d is b u r s eme n ts . He i s a u t h o r i z e d t o approve f o r payment, a l l v o u c h e r s , p a y - r o l l s , d r a f t s or o t h e r aooounts when approved by the P r e s i d e n t o r by such p e r s o n s as s h a l l be d e s i g n a t e d by the P r e s i d e n t i n w r i t i n g , and he may d e l e g a t e such a u t h o r i t y by appointment i n w r i t i n g w i t h the a p p r o v a l o f t h e P r e s i d e n t , t o one o r more employes o f the A cc o u n tin g Department. ARTICLE V R e g u l a t i o n s r e l a t i n g t o the is s u e o f s t o c k c e r t i f i c a t e s and the t r a n s f e r o f s t o c k . C e r t i f i ­c a t e s o f s t o c k — when i s ­sued ,, _ S e c t i o n 1 . C e r t i f i c a t e s r e p r e s e n t i n g s t o c k o f the Company s h a l l be signed by the p r e s i d e n t o r by a v i c e - p r e s i d e n t and a l s o by the s e c r e t a r y o r an a^Sr ^ t a n !; 3e o r e t a r y . Unless a u t h o r i z e d by the Board o f D i r e c t o r s no new c e r t i f i c a t e s s h a l l be Issued e x c e p t upon s u r r e n d e r and c a n c e l l a t i o n o f an o l d c e r t i f i c a t e f o r a l i k e number o f sh ares . T r a n s f e r of stock 1 v , ? f c t l o n 2 * No t r a n s f e r o f s t o c k s h a l l be v a l i d and b i n d i n g upon the Company u n l e s s e n t e r e d upon the books k e p t f o r t h a t purpose by the S e c r e t a r y . -6-