52 BULLETIX 1237, TJ. S. DEPARTMENT OF AGRICULTURE. 
Section 3. — Notice of Regular Members' Meeting. — Ten days' notice of each regular 
meeting of the members shall be given by order of the President by mail as herein 
provided. Such notice must state the time and the place of the meeting and that 
the purposes thereof are the election of aboard of directors and the transaction of 
such other business as may come before the meeting, and a copy thereof shall be 
mailed to each member of the Exchange. Such notices shall be' deposited in the 
post office at Los Angeles, California, with the postage thereon prepaid, at least ten 
days prior to the time for holding such meeting. Such envelope shall be mailed by 
the Secretary, but in case the office of Secretary be vacant or he shall refuse or neglect 
to mail the same, then such notices may be mailed by any director of the Exchange or 
by any person thereto directed by the President. Such notices shall be addressed to 
the residence or place of business of the member, as the same shall appear upon the 
books of the Exchange, and if the residence or place of business of such member does 
not appear upon the books of the Exchange and his post office address is unknown 
to the person mailing such notice, the same shall be addressed to such member at 
Los Angeles, California. 
Section 4. — Notice of Members' Special Meeting. — Notice of each special meeting of 
the members shall be given by mailing to each member a sealed envelope contain- 
ing a copy of the call for such meeting and addressed to his residence or place of 
business as the same shall appear upon the books of the Exchange. Such envelopes 
shall be deposited in the post office at Los Angeles, California, with the postage 
thereon prepaid, at least five days prior to the time fixed for such meeting. Such 
envelopes shall be mailed by the Secretary, but in case the office of the Secretary 
be vacant or he shall refuse or neglect to mail the same, as provided in this section, 
then such envelopes containing such copies may be addressed and mailed by any 
director of the Exchange or by any person who shall have signed the call for such 
meeting. If the residence or place of business of any such member does not appear 
on the books of the Exchange and his post office address is unknown to the person 
mailing such envelopes, the same shall be addressed to such member at Los Angeles, 
California. 
Section 5. — Quorum. — At any meeting of the members a majority of the members 
being present in person or represented by proxy shall constitute a quorum for all 
purposes, including the election of directors, except when it is otherwise provided by 
law. 
Article III. — Board of Directors. 
Section 1. — Number. — The corporate powers, business and property of the Exchange 
shall be exercised, conducted and controlled by a board of directors consisting of 
seventeen (17) members, or such other number to which the same may be increased 
or diminished as by law provided. 
Section 2. — Election. — The directors shall be elected annually at the regular 
annual meetings of the members from the membership of the Exchange. 
Section 3. — Vacancies. — Vacancies in the board of directors shall be filled by the 
other directors in office, and such persons shall hold office until the next regular 
annual meeting of the members thereafter, except as it is otherwise herein provided. 
Section 4. — First Meeting of Directors. — Immediately after each election of direc- 
tors, the newly elected directors shall hold a regular meeting and organize by the 
election of a President, one or more Vice-Presidents, a Secretary, one or more assist- 
ant Secretaries, a Cashier, one or more assistant Cashiers, a Treasurer, and at such 
meeting may choose any or all other officers, agents, or employees of the Exchange 
and transact any other business. The board of directors may also at that, or at any 
subsequent meeting, by resolution select one or more banks to act as depository of the 
funds of the Exchange and determine the manner of receiving, depositing, and dis- 
bursing the funds of the corporation, the form of checks and the person or persons by 
whom the same shall be signed, with power from time to time to change such banks 
and the person or persons signing said checks and the form thereof. Notice of such 
meeting is hereby dispensed with. 
Section 5. — Regular Directors Meetings. — In addition to the regular meeting men- 
tioned above, a regular meeting of the board directors shall be held at ten o'clock 
a. m., on Wednesday of each week. 
Section 6. — Special Directors Meetings. — A special meeting of the board of direc- 
tors -lull be held whenever called by the President or by one-third of the direc- 
tors. Anv and all business may be transacted at a special meeting. Bach call for a 
special meeting shall he in writing, signed by tin 1 person or persons making the same, 
addressed and delivered to the Secretary, and shall state the time and place of such 
meeting. 
