EFTA Document EFTA01390437

SA By-Laws Pager2 The.first Board of Trustees of the Corporation 4hall be.composed of Maui Iofftnait, Jeffrey 4stejaandlefity*baniv., What. sUbjedt to Arliele4U,Section'6, Shill hold.offiee until newtrustees an elected by the member. SECTION 2. Place of Meeting. The Trusteesmay hold their meetings in such place or places within or without the Virgin islands as a majority of the Board ofTrustees ntay,from time: to Hine, determine: SECTI0N.3. Meetings. Meetings of the Board %qTrusteps.may be called at any time by the President or the Seeretaryiur by a majority of thaBo,litillet Trustees. Trustees shall hernotified in writing of the time, place and purpose of allmeetrings of eialloard. Any trustee shall; however, be deemed to have waived such notice* his attendanWatiattY SECTION 4. Otiortim. A majority of the Bo r ID. IT tees shall constitute a.quorum for the. transaction of business, and if at any meeung„Ofthe.I3 ofTrusteer that is less thaaa quorum prescatramainrity orthose.presentrmay adj r theils,"&ing r from timerto time. ! SECTION 5: bauttulAsllis. A MO -of the Board of lYitstees,. each trustee present shallhave one vote. err Exteptat otherwise Fovided -!bY the Articlesof Incorporation, or by thesality-Laws. the action• of a majority of T ,,tees zit at any meeting at which a quorum is present shall be the act ofitieBoard:ofT Any &ion authorized., inrwritingiby all of the Trustaes.endued to vote thereOn and filed with the reputes of the Corporation shall be the act of the Beare ofnustegs with the same force and effect atitllasame luid.been passed by unanimous_ vote at 4 duly called meeting of the. Board, which a quorum waspresent. SECTION 6. Removal and Vacancios: Any Truitees may be removed by.armrajoritly vote of the Board of Trusteesror by the writtenconsent-of thermember, and vacancies in the Boon! of Trustees shall be:tilledby the member or by. the remaining members of the Boardand each parson so.elected shall, lee a Trustee uatil his successor is elected. SECTION 7. comosegillog. No Tamer shall receive any salary or compensation for his services as atrustee, unless otherwise especially ordered by the Board of Trosteesr or thetaBy-Laws, CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00241127 DB-SDNY-0094943 EFTA01390437