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7T p T 1 tee s^all be held, at such times and at such places in the City of JLos Angeles, State of California, or elsewhere, as the Committee shall fro® time to time determine* Special meetings may he called at any Msg by the Chainaan and shall he called at the request o f any member of the Committee, to convene at such time and- place as may be appointed* Vac and es. Section 3* Any vacancy in the Committee shall be fille d by the Board of Birectors. Chairman to pre­side Represent Committee* Section 4* The C h aim s of the Executive Committee shall preside at its meetings, and, subject to the control and approval of the Committee, shall represent it when not in session, and shall report to the Committee. Quorum-adj ©urn-meat* Section 3. Two members of the Committee shall con* stitute a quorum. I f a quorum be not present at any meeting, the member or meraaers of the Committee present nmy adjourn the meting until a later day or hour, and a minute of ouch adjournment shall be entered on the records by the Secretary; or the member or members present, whether constituting a quorum or not, at his or their option, shall have the power to appoint a substitute or substitutes from the members of the Board of "Directors to’ act 'during the temporary absence of any member, or members of the Committee,, ARTICLE XY. Officers and Agents. S le e iio n of o ffi­cers — Term. Vacancies Section 1. At the firs t regular meeting of the Board of director© after the annual ©lection, the Board shall elect from its members a President, and shall also ^ elect such 'Vice-President* as the Board of Directors shall determine, a Decretory, a Treasurer and an Auditor. The officers so elected shall hold their offices for the term of one year and until their successors are elected and quali­fied .. Any vacancy occurring in any of the above offices may be fille d for the unexpired tern by the Board of Ifrectors. President. Section 2m The President shall, subject to the Board ©f Directors and the Executive Committee, have person* al supervision and control of the business of the Company, shall sign a ll such instrumente of contract and conveyance (except as the Board, of Directors or Executive Committee ^ may otherwise provide) as may be required by law and by the *' Board ©f Directors for the proper and necessary transaction of the business of the Company, Me shall, either in person or by ouch representatives as he shall designate, approve . a ll pay-rolls and ether accounts payable, and shall dis­charge such other duties as- may be imposed by the Board of Directors. -4 -