Exhibit 3.1
IDACORP, Inc.
Amended By-Laws of IDACORP, amended on January 20, 2005 and presently in effect.
Amended Bylaws
of
IDACORP, Inc.
Boise, Idaho
January 20, 2005
Article I
Office
Section 1.1. Principal Office. The Company shall maintain its
principal office in Boise, Idaho.
Section 1.2. Registered Office. The Company shall maintain a
registered office in the State of Idaho, as required by the Idaho Business
Corporation Act (the "Act").
Article II
Shareholders
Section 2.1. Annual Meeting of Shareholders. An annual meeting of the
shareholders shall be held on the first Wednesday of May or such other time as
may be designated by the Board of Directors.
Section 2.2. Special Meetings. A special meeting of the shareholders
may be called at any time by the President, a majority of the Board of Directors
or the Chairman of the Board. A special meeting of the shareholders also may be
called by the holders of not less than twenty percent (20%) of all the shares
entitled to vote on any issue proposed to be considered at the proposed special
meeting if such holders sign, date and deliver to the Secretary of the Company
one (1) or more written demands for the meeting describing the purpose or
purposes for which it is to be held. Upon receipt of one (1) or more written
demands for such proposed special meeting by the holders of not less than twenty
percent (20%) of all the shares entitled to vote on any issue proposed to be
considered at the proposed special meeting, the Secretary of the Company shall
be responsible for determining whether such demand or demands conform to the
requirements of the Act, the Restated Articles of Incorporation and these
Bylaws. After making an affirmative determination, the Secretary shall prepare,
sign and deliver the notices required for such meeting. The shareholders' demand
may suggest a time and place for the meeting but the Board of Directors shall,
by resolution, determine the time and place of any such meeting.
Section 2.3. Place of Meetings. All meetings of the shareholders shall
be held at the Company's principal office or at such other place as shall be
designated in the notice of such meetings.
Section 2.4. Notice of Shareholders' Meeting. Written notice of the
time and place of a meeting of the shareholders shall be mailed to each
shareholder entitled to receive notice under the Act: (a) not less than 10 days
nor more than 60 days prior to the date of an annual or special meeting of the
shareholders; or (b) if applicable, within 30 days after the date on which a
shareholder demand satisfying the requirements of Section 2.2 is delivered to
the Secretary of the Company. Every notice of an annual or special meeting of
shareholders shall be deemed duly served when the notice is deposited in the
United States mail or with a private overnight courier service, with postage
prepaid and addressed to the shareholder at the shareholder's address as it
appears on the Company's records or if a shareholder shall have filed
with the Secretary of the Company a written request that the notice be sent to
some other address, then to such other address. If an annual or special
shareholders' meeting is adjourned to a different date, time or place, notice
need not be given of the new date, time or place if such new date, time or place
is announced at the meeting before adjournment. In any event, if a new record
date for the adjourned meeting is or must be determined, notice of the adjourned
meeting shall be given to persons who are shareholders as of the new record
date.
Section 2.5. Waiver of Notice. Any shareholder may waive any required
notice of the time, place and purpose of any meeting of the shareholders by
telegram, telecopy, confirmed facsimile or other writing, either before or after
such meeting has been held. Such waiver must be signed by the shareholder
entitled to the notice and be delivered to the Company for inclusion in the
minutes or filing with the corporate records. The attendance of any shareholder
at any shareholders' meeting shall constitute a waiver of: (a) any objection to
lack of notice or defective notice of the meeting, unless the shareholder at the
beginning of the meeting objects to holding the meeting or transacting business
at the meeting; and (b) any objection to consideration of a particular matter at
the meeting that is not within the purpose or purposes described in the meeting
notice, unless the shareholder objects to considering the matter when it is
presented.
Section 2.6. Quorum of Shareholders. Unless the Restated Articles of
Incorporation or the Act provide otherwise, a majority of the outstanding shares
entitled to vote on a particular matter at a meeting shall constitute a quorum
for purposes of action on that matter at the meeting. A share may be represented
at a meeting by the record holder thereof in person or by proxy. Once a share is
represented for any purpose at a meeting, it is deemed present for quorum
purposes for the remainder of the meeting and for any adjournment of that
meeting unless a new record date is or must be set for that adjourned meeting.
Whether or not a quorum is present, the meeting may be adjourned by a majority
vote of the shareholders present or represented. At any adjourned meeting where
a quorum is present, any business may be transacted that could have been
transacted at the meeting originally called.
Section 2.7. Record Date for Determination of Shareholders. The Board
of Directors shall establish a record date for determining shareholders entitled
to notice of a shareholders' meeting, to vote or to take any other action, which
date shall not be more than 70 days before the meeting or action requiring a
determination of shareholders. A determination of shareholders is effective for
any adjournment of the meeting, unless a new record date is or must be set.
Section 2.8. Shareholders' List for Meeting. The officer or agent in
charge of the stock transfer books for shares of the Company shall prepare an
alphabetical list of the names of all shareholders who are entitled to notice of
a shareholders' meeting. The list shall be arranged by voting group, and within
each voting group by class or series of shares, and show the address of and
number of shares held by each shareholder. The list shall be made available for
inspection by any shareholder, at least 10 days before the meeting for which the
list was prepared and continuing through the meeting, at the Company's principal
office or at a place identified in the meeting notice in the city where the
meeting will be held. The Company also shall make the list available at the
shareholders' meeting, and any shareholder is entitled to inspect the list at
any time during the meeting or any adjournment.
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Section 2.9. Transaction of Business at Shareholders' Meetings.
2.9.1 Transaction of Business at Annual Meeting. Business transacted
at an annual meeting of shareholders may include all such business as may
properly come before the meeting. Nominations of persons for election to the
Board of Directors and the proposal of business to be considered by the
shareholders may be made at an annual meeting of shareholders: (a) pursuant to
the Company's notice of meeting; (b) by or at the direction of the Board of
Directors; or (c) by any shareholder who is a shareholder of record at the time
of giving of notice of the meeting, who is entitled to vote at the meeting and
who complies with the notice procedures set forth in this Section 2.9.1.
For nominations or other business to be properly brought before an
annual meeting by a shareholder, the shareholder must have given timely notice
thereof in writing to the Secretary of the Company and such other business must
otherwise be a proper matter for shareholder action. To be timely, a
shareholder's notice shall be delivered to the Secretary at the principal
executive offices of the Company not later than the close of business on the
120th day prior to the first anniversary of the date on which the Company first
mailed its proxy materials for the preceding year's annual meeting; provided,
however, that in the event that the date of the annual meeting is more than 30
days before or after the anniversary date of the preceding year's annual
meeting, notice by the shareholder to be timely must be so delivered no later
than the close of business on the 10th day following the day on which the public
announcement of the date of such meeting is first made by the Company. In no
event shall the public announcement of an adjournment of an annual meeting
commence a new time period for the giving of a shareholder's notice as described
above. Such shareholder's notice shall set forth: (a) as to each person whom the
shareholder proposes to nominate for election or reelection as a director all
information relating to such person that is required to be disclosed in
solicitations of proxies for election of directors pursuant to Regulation 14A
under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and
the rules thereunder (including such person's written consent to being named in
the proxy statement as a nominee and to serving as a director if elected); (b)
as to any other business that the shareholder proposes to bring before the
meeting, a brief description of the business desired to be brought before the
meeting, the reasons for conducting such business at the meeting and any
material interest in such business of such shareholder and the beneficial owner,
if any, on whose behalf the proposal is made; and (c) as to the shareholder
giving the notice and the beneficial owner, if any, on whose behalf the
nomination or proposal is made (i) the name and address of such shareholder, as
they appear on the Company's books, and of such beneficial owner and (ii) the
class and number of shares of the Company which are owned beneficially and of
record by such shareholder and such beneficial owner.
2.9.2 Transaction of Business at Special Meeting. Business transacted
at a special meeting of the shareholders shall be limited to the purposes set
forth in the notice of the special meeting. Nominations of persons for election
to the Board of Directors may be made at a special meeting of shareholders at
which directors are to be elected pursuant to the Company's notice of meeting:
(a) by or at the direction of the Board of Directors; or (b) provided that the
Board of Directors has determined that the directors shall be elected at such
meeting, by any shareholder of the Company who is a shareholder of record at the
time of giving of notice of the meeting,
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who is entitled to vote at the meeting and who complies with the notice
procedures set forth in this Section 2.9.2.
In the event the Company calls a special meeting of shareholders for
the purpose of electing one or more directors to the Board of Directors, any
such shareholder may nominate a person or persons, as the case may be, for
election to such position or positions as specified in the Company's notice of
meeting, if the shareholder's notice required by this Section 2.9.2 shall be
delivered to the Secretary at the principal executive offices of the Company not
later than the close of business on the 10th day following the day on which
public announcement is first made of the date of the special meeting and of the
nominees proposed by the Board of Directors to be elected at such meeting. In no
event shall the public announcement of an adjournment of a special meeting
commence a new time period for the giving of a shareholder's notice as described
above. Such shareholder's notice shall set forth: (a) as to each person whom the
shareholder proposes to nominate for election or reelection as director all
information relating to such person that is required to be disclosed in
solicitations of proxies for election of directors pursuant to Regulation 14A
under the Exchange Act and the rules thereunder (including such person's written
consent to being named in the proxy statement as a nominee and to serving as a
director if elected); and (b) as to the shareholder giving the notice and the
beneficial owner, if any, on whose behalf the nomination is made, (i) the name
and address of such shareholder, as they appear on the Company's books, and of
such beneficial owner and (ii) the class and number of shares of the Company
which are owned beneficially and of record by such shareholder and such
beneficial owner.
2.9.3 General. Only such persons who are nominated in accordance with
the procedures set forth in this Section 2.9 shall be eligible to serve as
directors and only such business shall be conducted at a meeting of shareholders
as shall have been brought before the meeting in accordance with the procedures
set forth in this Section 2.9. The chairman of the meeting shall have the power
and duty to determine whether a nomination or any business proposed to be
brought before the meeting was made or proposed, as the case may be, in
accordance with the procedures set forth in this Section 2.9 and, if any
proposed nomination or business is not in compliance with this Section 2.9, to
declare that such defective proposal or nomination shall be disregarded, unless
otherwise provided by any applicable law.
For purposes of this Section 2.9, "public announcement" shall mean
disclosure in a press release reported by the Dow Jones News Service, Associated
Press or comparable national news service or in a document publicly filed by the
Company with the Securities and Exchange Commission pursuant to Section 13, 14
or 15(d) of the Exchange Act.
Notwithstanding the foregoing provisions of this Section 2.9, a
shareholder shall also comply with all applicable requirements of the Exchange
Act and the rules and regulations thereunder with respect to the matters set
forth in this Section 2.9. Nothing in this Section 2.9 shall be deemed to affect
any rights of: (a) the shareholders to request inclusion of proposals in the
Company's proxy statement pursuant to Rule 14a-8 under the Exchange Act; or (b)
the holders of any series of Preferred Stock to elect directors under specified
circumstances.
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Section 2.10. Action by Written Consent. Any action required or
permitted by the Act to be taken at an annual or special meeting of shareholders
may be taken without a meeting, without prior notice, and without a vote, if
consents in writing, setting forth the action so taken, are signed by the
holders of all of the outstanding shares of stock entitled to vote on the
matter.
Section 2.11. Presiding Officer. The Chairman of the Board shall act
as chairman of all meetings of the shareholders. In the absence of the Chairman
of the Board, the President, or in his absence, any Vice President designated by
the Board of Directors shall act as the chairman of the meeting.
Section 2.12. Procedure. At each meeting of shareholders, the chairman
of the meeting shall fix and announce the date and time of the opening and the
closing of the polls for each matter upon which the shareholders will vote at
the meeting and shall determine the order of business and all other matters of
procedure. Except to the extent inconsistent with any such rules and regulations
as adopted by the Board of Directors, the chairman of the meeting may establish
rules, which need not be in writing, to maintain order and safety and for the
conduct of the meeting. Without limiting the foregoing, the chairman of the
meeting may: (a) determine and declare to the meeting that any business is not
properly before the meeting and therefore shall not be considered; (b) restrict
attendance at any time to bona fide shareholders of record and their proxies and
other persons in attendance at the invitation of the chairman of the meeting;
(c) restrict dissemination of solicitation materials and use of audio or visual
recording devices at the meeting; (d) adjourn the meeting without a vote of the
shareholders, whether or not there is a quorum present; and (e) make rules
governing speeches and debate, including time limits and access to microphones.
The chairman of the meeting acts in his absolute discretion and his
rulings are not subject to appeal.
Article III
Board of Directors
Section 3.1. Authority. The Board of Directors shall have the ultimate
authority over the conduct and management of the business affairs of the
Company.
Section 3.2. Number. The number of directors of the Company shall be
not less than nine (9) nor more than 15, as determined from time to time by the
vote of a majority of the Board of Directors. Unless otherwise provided by the
Act, the number of directors may be increased or decreased, beyond the limits
set forth above, only by an amendment to these Bylaws. To the extent permitted
by the Act, any newly created or eliminated directorships resulting from such
increase or decrease shall be apportioned by the Board of Directors among the
then existing classes of directors so as to maintain such classes as nearly
equal in number as possible. No change in the number of directors shall shorten
the term of any director then in office.
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Section 3.3. Term. Each director shall hold office from the date of
his or her election and qualification until his or her successor shall have been
duly elected and qualified or until his or her earlier removal, resignation,
death or incapacity.
Section 3.4. Eligibility for Elections. No person who will be 72 years
of age or more on or before an annual meeting shall be nominated to the Board of
Directors, and any directors who reach the age of 72 shall be automatically
retired from the Board of Directors.
Section 3.5. Regular Meetings of the Board. Regular meetings of the
Board of Directors may be held at times and places agreed on by a majority of
the directors at any meeting of the Board of Directors, and such regular
meetings may be held at such times and places without any further notice of the
date, time, place or purposes of such regular meetings.
Section 3.6. Special Meetings of the Board. Special meetings of the
Board of Directors may be called: (a) by, or at the request of, the Chairman of
the Board; or (b) by the Secretary of the Company at the written request of a
majority of the directors then in office. Special meetings of the Board of
Directors may be called on not less than 12 hours notice to each director, given
orally or in writing, either personally, by telephone (including by message or
by recording device), by facsimile transmission, by telegram or by telex, or on
not less than three (3) calendar days' notice to each director given by mail.
Notice of the special meeting of the Board of Directors shall specify the date,
time and place of the meeting. Actions taken at any such meeting shall not be
invalidated because of lack of notice if notice is waived as provided in Section
3.7.
Section 3.7. Waiver of Notice. A director may waive any required
notice before or after the date and time stated in the notice by written waiver
signed by the director entitled to the notice and filed with the minutes or
corporate records. In addition, a director's attendance at or participation in a
meeting waives any required notice to the director of the meeting unless the
director at the beginning of the meeting, or promptly upon the director's
arrival, objects to holding the meeting or transacting business at the meeting
and does not thereafter vote for or assent to action taken at the meeting.
Section 3.8. Participation by Telecommunication. Any director may
participate in any meeting of the Board of Directors through the use of any
means of communication by which all directors participating in the meeting may
simultaneously hear each other during the meeting. A director participating in a
meeting by this means shall be deemed to be present in person at the meeting.
Section 3.9. Quorum of Directors. A majority of the directors in
office immediately before the meeting begins shall constitute a quorum for the
transaction of business at any meeting of the Board of Directors.
Section 3.10. Action. If a quorum is present when the vote is taken,
the Board of Directors shall take actions pursuant to resolutions adopted by the
affirmative vote of: (a) a majority of the directors present at the meeting of
the Board of Directors; or (b) such greater
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number of the directors as may be required by the Restated Articles of
Incorporation, these Bylaws or the Act.
Section 3.11. Action by Unanimous Written Consent. Any action required
or permitted to be taken at a Board of Directors' meeting may be taken without a
meeting if the action is taken by all members of the Board of Directors. The
action shall be evidenced by one (1) or more written consents describing the
action taken, signed by each director, and included in the minutes or filed with
the corporate records reflecting the action taken.
Section 3.12. Selection of the Chairman of the Board and Officers. The
Chairman of the Board shall be selected by and from the members of the Board of
Directors. He or she shall conduct all meetings of the Board of Directors and
shall perform all duties incident thereto.
The Board of Directors shall also select a President, a Vice
President, a Secretary and a Treasurer and such additional Vice Presidents,
Assistant Secretaries, Assistant Treasurers and other officers and agents as the
Board of Directors from time to time may deem advisable. If the Board of
Directors wishes, it may also elect as an officer of the Corporation the
Chairman of the Board.
Section 3.13 Powers and Duties of Officers and Agents. The powers and
duties of the officers and agents shall be determined by the Board of Directors
and these Bylaws.
Section 3.14. Delegation of Powers. For any reason deemed sufficient
by the Board of Directors, whether occasioned by absence or otherwise, the Board
may delegate all or any of the powers and duties of any officer to any other
officer or director, but no officer or director shall execute, verify or
acknowledge any instrument in more than one capacity unless specifically
authorized by the Board of Directors.
Section 3.15. Appointment of Executive Committee. At the same meeting
at which the Board of Directors selects the Chairman of the Board, the Board of
Directors shall appoint an Executive Committee consisting of two (2) or more
members, who shall serve at the pleasure of the Board of Directors. Such
appointments shall be made by a majority of all the directors in office when the
action is taken. Unless otherwise provided by the Act or further limited by a
resolution of the Board of Directors, the Executive Committee may exercise all
of the powers of the Board of Directors.
Section 3.16. Power to Appoint Additional Committees of the Board. The
Board of Directors shall have the power to designate, by resolution, one (1) or
more additional committees and appoint members of the Board of Directors to
serve on them. To the extent provided in such resolution, such committees may
manage the business and affairs of the Company, unless otherwise provided by the
Act. Each committee shall have two (2) or more members, who shall serve at the
pleasure of the Board of Directors. A majority of the members of any committee
of the Board of Directors will constitute a quorum for any committee action.
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Section 3.17. Compensation. The Board of Directors may, by resolution,
authorize the payment to directors of compensation for the performance of their
duties. No such payment shall preclude any director from serving the Company in
any other capacity and receiving compensation therefor. The Board of Directors
may also, by resolution, authorize the reimbursement of expenses incurred by
directors in the performance of their duties.
Section 3.18 Conflicting Interest Transaction. Any conflicting
interest transaction shall be governed by Sections 30-1-860 through 30-1-863 of
the Act.
Article IV
Officers
Section 4.1. General. The officers of the Corporation shall consist of
a President, a Vice President, a Secretary, a Treasurer and such additional Vice
Presidents, Assistant Secretaries, Assistant Treasurers and other officers and
agents as the Board of Directors from time to time may deem advisable. If the
Board of Directors wishes, it may also elect as an officer of the Corporation
the Chairman of the Board. Each such officer shall hold office for such term, if
any, as may be established by the Board of Directors or set forth in an
employment agreement, if any, or until his or her successor shall have been duly
elected and qualified or until his or her earlier resignation, retirement,
removal from office, incapacity or death. The Board of Directors may remove any
officer or agent at any time, with or without cause, unless otherwise provided
by the Act or the Articles of Incorporation. One person may hold two or more
offices, except the offices of President and Secretary.
Section 4.2. President. The President shall have general and active
management of the business of the Company and shall see that all orders and
resolutions of the Board of Directors are carried into effect. The President
shall have the general powers and duties of supervision and management usually
vested in the office of president of a corporation.
Section 4.3. Vice Presidents. Each Vice President shall serve under
the direction of the President and shall perform such other duties as the Board
of Directors shall from time to time direct.
Section 4.4 Secretary. The Secretary of the Company shall serve under
the direction of the President and shall perform such other duties as the Board
of Directors shall from time to time direct, unless otherwise provided by these
Bylaws or determined by the Board of Directors. The Secretary shall be
responsible for preparing minutes of the directors' and shareholders' meetings
and for authenticating records of the Company. The Secretary shall safely keep
in his custody the seal of the Company and shall have authority to affix the
same to all instruments where its use is required. The Secretary shall give all
notices required by the Act, these Bylaws or any resolution of the Board of
Directors.
Section 4.5. Treasurer. The Treasurer shall serve under the direction
of the President and shall perform such other duties as the Board of Directors
shall from time to time direct. The Treasurer shall have custody of all
corporate funds and securities and shall keep in
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books belonging to the Company full and accurate accounts of all receipts and
disbursements. The Treasurer shall deposit all monies, securities and other
valuable effects in the name of the Company in such depositories as may be
designated for that purpose by the Board of Directors and shall disburse the
funds of the Company as may be ordered by the Board of Directors. The Treasurer
shall upon request report to the Board of Directors on the financial condition
of the Company.
Section 4.6. Assistant Secretary and Assistant Treasurer. The
Assistant Secretary, in the absence or disability of the Secretary, shall
perform the duties and exercise the powers of the Secretary. The Assistant
Treasurer, in the absence or disability of the Treasurer, shall perform the
duties and exercise the powers of the Treasurer.
Article V
Stock and Transfers
Section 5.1. Certificates for Shares. Subject to the provisions of
Section 5.2, every shareholder shall be entitled to a certificate of the shares
to which the shareholder has subscribed, and each certificate shall be signed,
either manually or by facsimile, by any two (2) of the following: the Chairman
of the Board (if he or she is an officer), the President, the Treasurer and the
Secretary. Such certificate may bear the seal of the Corporation or a facsimile
thereof, Each certificate shall state the name of the Corporation, the number
and class of shares and designation of the series, if any, that the certificate
represents. In case any officer, transfer agent or registrar who has signed, or
whose facsimile signature has been placed upon, a certificate shall have ceased
to be such officer, transfer agent or registrar before such certificate is
issued, it may be issued by the Corporation with the same effect as if such
person or entity were such officer, transfer agent or registrar at the date of
issue.
Section 5.2. Shares Without Certificates. The Company shall have the
power to authorize the issue of some or all of the shares of any or all of its
classes or series without certificates. The authorization shall not affect
shares already represented by certificates until they are surrendered to the
Company. Within a reasonable time after the issue or transfer of shares without
certificates, the Company shall send the shareholder a written statement of the
information required on certificates by the Act.
Section 5.3. Transferable Only on Books of the Company. Shares of the
capital stock of the Company shall be transferred on the books of the Company
only by the holder of the shares in person or by an attorney lawfully appointed
in writing and upon surrender of the certificates, if any, for the shares. A
record shall be made of every such transfer and issue. Whenever any transfer is
made for collateral security and not absolutely, the fact shall be so expressed
in the entry of such transfer.
Section 5.4. Stock Ledger. The Company shall maintain a stock ledger
that contains the name and address of each shareholder and the number of shares
of each class of the capital stock that the shareholder holds. The stock ledger
may be in written form or in any other form that can be converted within a
reasonable time into written form for visual inspection.
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Section 5.5. Registered Shareholders. The Company shall have the right
to treat the registered holder of any share of its capital stock as the absolute
owner of such share and shall not be bound to recognize any equitable or other
claim to or interest in such share on the part of any other person, whether or
not the Company shall have express or other notice thereof, unless otherwise
required by any applicable law.
Article VI
Indemnification
Section 6.1. Defined Terms. Capitalized terms used in this Article VI
that are defined in Section 30-1-850 of the Act shall have the meaning given to
such terms under Section 30-1-850 of the Act.
Section 6.2. Insurance. The Company shall have the power to purchase
and maintain insurance, in such amounts as the Board of Directors may deem
appropriate, on behalf of any person who is a Director, Officer, employee or
agent against Liability and Expenses in connection with any Proceeding, to the
extent permitted under any applicable law.
Section 6.3. Agreements. The Company may enter into an indemnification
agreement with any Director, Officer, employee or agent, to the extent permitted
under any applicable law.
Section 6.4. Amendments. Any amendment or repeal of this Article VI
shall not be retroactive in effect.
Section 6.5. Severability. In case any provision in this Article VI
shall be determined at any time to be unenforceable in any respect, the other
provisions shall not in any way be affected or impaired thereby, and the
affected provision shall be given the fullest possible enforcement in the
circumstances.
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Article VII
Amendment of Bylaws
Section 7.1. Amendment by the Board of Directors. These Bylaws may be
amended, altered, changed, added to, repealed or substituted by the affirmative
vote of a majority of the Board of Directors, unless the Restated Articles of
Incorporation, these Bylaws or the Act provide otherwise.
Section 7.2. Amendment by the Shareholders. Subject to the provisions
of Section 7.3, these Bylaws may be amended, altered, changed, added to,
repealed or substituted by the affirmative vote of a majority of all shares
entitled to vote thereon, if notice of the proposed amendment, alteration,
change, addition, repeal or substitution is contained in the notice of the
meeting.
Section 7.3. Amendment of Certain Provisions. Notwithstanding any
other provision of these Bylaws, (i) any amendment, alteration, change,
addition, repeal or substitution of this Section 7.3, Section 2.9 or Article III
of these Bylaws by the shareholders shall require the affirmative vote of
two-thirds of all shares entitled to vote thereon; and (ii) no change of the
date for the annual meeting of the shareholders shall be made by the
shareholders within the 30-day period preceding the date designated for the
annual meeting pursuant to Section 2.l, unless consented to in writing, as
provided in Section 2.10, or approved at any meeting of the shareholders by a
majority of all shares entitled to vote thereon.
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