seals and provide for the custody thereof. If the Corporation is required to
place its corporate seal to a document, it is sufficient to meet the requirement
of any Maryland Law, rule or regulation relating to a corporate seal to place
the word "Seal" adjacent to the signature of the person authorized to sign the
document on behalf of the Corporation.
SECTION 9.03. Bonds. The Board of Directors may require any officer,
agent or employee of the Corporation to give a bond to the Corporation,
conditioned upon the faithful discharge of his or her duties, with one or more
sureties and in such amount as may be satisfactory to the Board of Directors.
SECTION 9.04. Voting Stock in Other Corporations. Stock of other
corporations or associations, registered in the name of the Corporation, may be
voted by the chief executive officer, the President, a Vice-President, the
Treasurer or a proxy appointed by any of them. The Board of Directors, however,
may by resolution appoint some other person or persons to vote such shares, in
which case such person or persons shall be entitled to vote such shares upon the
production of a certified copy of such resolution.
SECTION 9.05. Mail. Any notice or other document which is required by
these By-Laws to be mailed shall be deposited in the United Sates mails, postage
SECTION 9.06. Execution of Documents. A person who holds more than one
office in the Corporation may not act in more than one capacity to execute,
acknowledge, or verify an instrument required by Maryland Law to be executed,
acknowledged, or verified by more than one officer.
SECTION 9.07. Amendments. Subject to the provisions of Section 2.02,
(a) any and all provisions of these By-Laws may be altered or repealed and new
by-laws may be adopted at any annual meeting of the stockholders, or at any
special meeting called for the purpose, and (b) the Board of Directors shall
have the power, at any regular or special meeting thereof, to make and adopt new
by-laws, or to amend, alter or repeal any of these By-Laws.