Exhibit 3.2
AMENDED
AND
RESTATED
BY-LAWS
OF
NOISE COM, INC.
Adopted September 19, 1991
ARTICLE I
OFFICES
1. Registered Office and Agent.--The registered office of the
Corporation in the State of New Jersey is at East 49 Midland Avenue, Paramus,
New Jersey 07652
The registered agent of the Corporation at such office is Karabet Simonyan
2. Principal Place of Business.--The principal place of business of
the Corporation is East 49 Midland Avenue, Paramus, New Jersey 07652
3. Other Places of Business.--Branch or subordinate places of business
or offices may be established at any time by the Board at any place or places
where the Corporation is qualified to do business.
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ARTICLE II
SHAREHOLDERS
1. Annual Meeting.--The annual meeting of shareholders shall be held
upon not less than ten nor more than sixty days written notice of the time,
place, and purposes of the meeting at 10 o'clock a.m. on the 15th day of the
month of May of each year at
East 49 Midland Avenue
Paramus, New Jersey 07652
or at such other time and place as shall be specified in the notice of meeting,
in order to elect directors and transact such other business as shall come
before the meeting. If that date is a legal holiday, the meeting shall be held
at the same hour on the next succeeding business day.
2. Special Meetings.--A special meeting of shareholders may be called
for any purpose by the president or the Board. A special meeting shall be held
upon not less than ten nor more than sixty days written notice of the time,
place, and purposes of the meeting.
3. Action Without Meeting.--The shareholders may act without a meeting
if, prior or subsequent to such action, each shareholder who would have been
entitled to vote upon such action shall consent in writing to such
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action. Such written consent or consents shall be filed in the minute book.
However, owners of non-voting shares must either consent or be notified in
accordance with N.J.S.A. 14A: 5-6 in the case of mergers, consolidations or
sales of substantially all assets.
4. Quorum.--The presence at a meeting in person or by proxy of the
holders of shares entitled to cast a majority of the votes shall constitute a
quorum.
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ARTICLE III
BOARD OF DIRECTORS
1. NUMBER AND TERM OF OFFICE. --The Board shall consist of up to nine
members. Each director shall be elected by the shareholders at each annual
meeting and shall hold office until the next annual meeting of shareholders and
until that director's successor shall have been elected and qualified.
2. REGULAR MEETINGS. --A regular meeting of the Board shall be held
without notice immediately following and at the same place as the annual
shareholders' meeting for the purposes of electing officers and conducting such
other business as may come before the meeting. The Board, by resolution, may
provide for additional regular meetings which may be held without notice, except
to members not present at the time of the adoption of the resolution.
3. SPECIAL MEETINGS. --A special meeting of the Board may be called at
any time by the president or by two directors for any purpose. Such meeting
shall be held upon five (5) days notice if given orally (either by telephone or
in person), or by telegraph, or by ten (1O) days notice if given by depositing
the notice in the United States mails, postage prepaid. Such notice shall
specify the time and place of the meeting.
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4. ACTION WITHOUT MEETING. --The Board may act without a meeting if,
prior or subsequent to such action, each member of the Board shall consent in
writing to such action. Such written consent or consents shall be filed in the
minute book.
5. QUORUM. --A majority of the entire Board shall constitute a quorum
for the transaction of business.
6. VACANCIES IN BOARD OF DIRECTORS. --Any vacancy in the Board, other
than a vacancy caused by an increase in the number of directors, may be filled
by the affirmative vote of a majority of the remaining directors, even though
less than a quorum of the Board, or by a sole remaining director.
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ARTICLE IV
WAIVERS OF NOTICE
Any notice required by these by-laws, by the certificate of
incorporation, or by the New Jersey Business Corporation Act may be waived in
writing by any person entitled to notice. The waiver or waivers may be executed
either before or after the event with respect to which notice is waived. Each
director or shareholder attending a meeting without protesting, prior to its
conclusion, the lack of proper notice shall be deemed conclusively to have
waived notice of the meeting.
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ARTICLE V
OFFICERS
1. Election.--At its regular meeting following the annual meeting of
shareholders, the Board shall elect a president, a treasurer, a secretary, and
it may elect such other officers, including one or more vice presidents, as it
shall deem necessary, and may elect assistants thereto and senior and executive
vice presidents. One person may hold two or more offices.
2. Duties and Authority of President. --The president shall be chief
executive officer of the Corporation. Subject only to the authority of the
Board, he shall have general charge and supervision over, and responsibility
for, the business and affairs of the Corporation. Unless otherwise directed by
the Board, all other officers shall be subject to the authority and supervision
of the president. The president may enter into and execute in the name of the
Corporation contracts or other instruments in the regular course of business or
contracts or other instruments not in the regular course of business which are
authorized, either generally or specifically, by the Board. He shall have the
general powers and duties of management usually vested in the office of
president of a corporation.
3. Duties and Authority of Vice President.--The vice president shall
perform such duties and have such authority as from time to time may be
delegated to him by
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the president or by the Board. In the absence of the president or in the event
of his death, inability, or refusal to act, the vice president shall perform the
duties and be vested with the authority of the president.
4. Duties and Authority of Treasurer.--The treasurer shall have the
custody of the funds and securities of the Corporation and shall keep or cause
to be kept regular books of account for the Corporation. The treasurer shall
perform such other duties and possess such other powers as are incident to the
office or as shall be assigned by the president or the Board.
5. Duties and Authority of Secretary.--The secretary shall cause
notices of all meetings to be served as prescribed in these by-laws and shall
keep or cause to be kept the minutes of all meetings of the shareholders and the
Board. The secretary shall have charge of the seal of the Corporation. The
secretary shall perform such other duties and possess such other powers as are
incident to that office or as are assigned by the president or the Board.
6. Duties and Authority of Assistant and Other Officers.--Assistants
to any of the officers named above, if appointed, shall perform such duties as
shall be assigned by such officer to whom he or she has been named an assistant.
The duties and authority of senior and executive vice presidents shall be
determined by the Board.
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ARTICLE VI
AMENDMENTS TO AND EFFECT OF BY-LAWS;
FISCAL YEAR
1. Force and Effect of By-laws.--These by-laws are subject to the
provisions of the New Jersey Business Corporation Act and the Corporation's
certificate of incorporation, as it may be amended from time to time. If any
provision in these by-laws is inconsistent with a provision in that Act or the
certificate of incorporation, the provision of that Act or the certificate of
incorporation shall govern.
2. Amendments to By-laws.--These by-laws may be altered, amended or
repealed by the shareholders or the Board. Any by-law adopted, amended or
repealed by the shareholders may be amended or repealed by the Board, unless the
resolution of the shareholders adopting such by-law expressly reserves to the
shareholders the right to amend or repeal it.
3. Fiscal Year.--The fiscal year of the Corporation shall begin on the
first day of January of each year.
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