**Exhibit 3.2**

 

**AMENDED AND RESTATED**

**BYLAWS**

**OF**

**FIRST FEDERAL BANCSHARES OFARKANSAS, INC.**

 

**ARTICLE I**

 

**OFFICES**

 

                1.1*           Registered Office and RegisteredAgent.*  The registered officeof First Federal Bancshares of Arkansas, Inc. (the “Corporation”) shall belocated in the State of Texas at such place as may be fixed from time to timeby the Board of Directors upon filing of such notices as may be required bylaw, and the registered agent shall have a business office identical with suchregistered office.

 

                1.2*           Other Offices.*  The Corporation may have other offices withinor outside the State of Texas at such place or places as the Board of Directorsmay from time to time determine, as permitted by applicable law and regulation.

 

**ARTICLE II**

 

**STOCKHOLDERS’ MEETINGS**

 

                2.1*           Meeting Place.*  All meetings of the stockholders shall beheld at the principal place of business of the Corporation, or at such otherplace within or without the State of Texas as shall be determined from time totime by the Board of Directors, and the place at which any such meeting shallbe held shall be stated in the notice of the meeting.

 

                2.2*           Annual Meeting Time.*  The annual meeting of the stockholders forthe election of directors and for the transaction of such other business as mayproperly come before the meeting shall be held each year within 120 days fromthe close of the Corporation’s fiscal year on the third Wednesday of April atthe hour of 1:00 p.m., or at such other date and time as may be determinedby the Board of Directors and stated in the notice of such meeting.

 

                2.3*           Organization.*  Each meeting of the stockholders shall bepresided over by the Chairman of the Board, Chief Executive Officer, or by thePresident, or if neither the Chairman, the Chief Executive Officer, nor thePresident is present, by an Executive or Senior Vice President or such otherofficer as designated by the Board of Directors.  The Secretary, or in his absence a temporarySecretary, shall act as secretary of each meeting of the stockholders.  In the absence of the Secretary and anytemporary Secretary, the chairman of the meeting may appoint any person presentto act as secretary of the meeting.  Thechairman of any meeting of the stockholders, unless prescribed by law orregulation or unless the Chairman of the Board has otherwise determined, shalldetermine the order of the business and the procedure at the meeting, includingsuch regulation of the manner of voting and the conduct of discussions as shallbe deemed appropriate by him in his sole discretion.

 

                2.4*           Special Meetings.*  Special meetings of the stockholders for anypurpose may be called at any time in the manner provided in the Corporation’sArticles of Incorporation, which provisions are incorporated herein with thesame effect as if they were set forth herein.

 

                2.5*           Notice.*

 

                                (a)  Notice of the time andplace of the annual meeting of stockholders shall be given by deliveringpersonally or by mailing a written or printed notice of the same, at least tendays and not more than sixty days prior to the meeting, to each stockholder ofrecord entitled to vote at such meeting. When any stockholders’ meeting, either annual or special, is adjournedand if a new record date is fixed for an adjourned meeting of stockholders,notice of the adjourned meeting shall be given as in the case of an originalmeeting.  It shall not be necessary togive any notice of the time and place of any meeting adjourned, unless a newrecord date is fixed therefore, other than an announcement at the meeting atwhich such adjournment is taken.

 

 

 

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                                (b)  Atleast ten days and not more than sixty days prior to the meeting, a written orprinted notice of each special meeting of stockholders, stating the place, dayand hour of such meeting, and the purpose or purposes for which the meeting iscalled, shall be either delivered personally or mailed to each stockholder ofrecord entitled to vote at such meeting.

 

                2.6*           Voting List.*  At least ten days before each meeting ofstockholders, a complete list of the stockholders entitled to vote at suchmeeting, or any adjournment thereof, shall be made, arranged in alphabeticalorder, with the address of and number of shares held by each, which list shallbe kept on file at the registered office of the Corporation for a period of tendays prior to such meeting.  The listshall be kept open at the time and place of such meeting for the inspection ofany stockholder.

 

                2.7*           Quorum.*  Except as otherwise required by law:

 

                                (a)  A quorum at any annual orspecial meeting of stockholders shall consist of stockholders representing,either in person or by proxy, a majority of the outstanding capital stock ofthe Corporation entitled to vote on that matter at such meeting.

 

                                (b)  With respect to any othermatter other than the election of directors, the votes of a majority ininterest of those present at any properly called meeting or adjourned meetingof stockholders at which a quorum, as defined above, is present, shall besufficient to transact business.

 

                2.8*           Votingof Shares.*

 

                                (a) Except as otherwise provided in these Bylaws or to the extent that votingrights of the shares of any class or classes are limited or denied by theArticles of Incorporation, each stockholder, on each matter submitted to a voteat a meeting of stockholders, shall have one vote for each share of stockregistered in his name on the books of the Corporation.

 

                                (b)  Directors are to be electedby a plurality of votes cast by the shares entitled to vote in the election ata meeting at which a quorum is present. Stockholders shall not be permitted to cumulate their votes for theelection of directors.  If, at anymeeting of the stockholders, due to a vacancy or vacancies or otherwise,directors of more than one class of the Board of Directors are to be elected,each class of directors to be elected at the meeting shall be elected in aseparate election by a plurality vote.

 

                2.9*           Closing of Transfer Books and FixingRecord Date.*  For the purposeof determining stockholders entitled to notice of or to vote at any meeting ofstockholders, or any adjournment thereof, or entitled to receive payment of anydistribution by the Corporation or a share dividend, or in order to make adetermination of stockholders for any other proper purpose, the Board ofDirectors may provide that the stock transfer books shall be closed for astated period not to exceed sixty days preceding such meeting.  If the share transfer records shall be closedfor the purpose of determining shareholders entitled to notice of or to vote ata meeting of stockholders, such records shall be closed for at least ten daysimmediately preceding such meeting.  Inlieu of closing the stock transfer books, the Board of Directors may fix inadvance a record date for any such determination of stockholders, such date tobe not more than sixty days and, in case of a meeting of stockholders, not lessthan ten days prior to the date on which the particular action requiring suchdetermination of stockholders is to be taken.

 

                2.10*         Proxies.*  A stockholder may vote either in person or byproxy executed in writing by the stockholder, or his duly authorizedattorney-in-fact.  No proxy shall bevalid after eleven months from the date of its execution, unless otherwiseprovided in the proxy.

 

                2.11*         Waiver of Notice.*  Whenever any notice is required to be givento any stockholder, a waiver of notice signed by the person or persons entitledto such notice, whether before or after the time stated therein for themeeting, shall be equivalent to the giving of such notice.

 

                2.12*         Voting of Shares in the Name of Two orMore Persons.*  When ownershipstands in the name of two or more persons, in the absence of written directionsto the Corporation to the contrary, at any meeting of the stockholders of theCorporation any one or more of such stockholders may cast, in person or byproxy, all votes to which such ownership is 

 

 

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entitled.  In the event an attempt is made to castconflicting votes, in person or by proxy, by the several persons in whose namesshares of stock stand, the vote or votes to which those persons are entitledshall be cast as directed by a majority of those holding such stock and presentin person or by proxy at such meeting, but no votes shall be cast for suchstock if a majority cannot agree.

 

                2.13*         Voting of Shares by Certain Holders.*  Shares standing in the name of anothercorporation may be voted by an officer, agent or proxy as the bylaws of suchcorporation may prescribe, or, in the absence of such provision, as the Boardof Directors of such corporation may determine. Shares held by an administrator, executor, guardian or conservator maybe voted by him, either in person or by proxy, so long as such shares forming apart of an estate are in the possession and forming a part of the estate beingserved by him, without a transfer of such shares into his name.  Shares standing in the name of a trustee maybe voted by him, either in person or by proxy, but no trustee shall be entitledto vote shares held by him without a transfer of such shares into his name astrustee.  Shares standing in the name ofa receiver and shares held by or under the control of a receiver may be votedby such receiver without the transfer thereof into his name if authority to doso is contained in an appropriate order of the court or other public authorityby which such receiver was appointed.  Astockholder whose shares are pledged shall be entitled to vote such sharesuntil the shares have been transferred into the name of the pledgee, andthereafter the pledgee shall be entitled to vote the shares so transferred.

 

                2.14*         Stockholder Proposals.*  Stockholder proposals shall be made inaccordance with the provisions of the Corporation’s Articles of Incorporation,which provisions are incorporated herein with the same effect as if they wereset forth herein.

 

                2.15*         Inspectors.*  For each meeting of stockholders, the Boardof Directors may appoint one or more inspectors of election.  If for any meeting the inspector(s) appointedby the Board of Directors shall be unable to act or the Board of Directorsshall fail to appoint any inspector, one or more inspectors may be appointed atthe meeting by the chairman thereof. Such inspectors shall conduct the voting in each election of directorsand, as directed by the Board of Directors or chairman of the meeting, the votingon the matters voted on at such meeting, and after the voting shall make acertificate of the vote taken. Inspectors need not be stockholders.

 

**ARTICLE III**

 

**CAPITAL STOCK**

 

                3.1*           Certificates.*  Shares of the Corporation’s capital stock maybe represented by certificates or may be uncertificated.  To the extent they are issued, certificatesof stock shall be issued in numerical order, and each stockholder shall beentitled to a certificate signed by the Chief Executive Officer, the Presidentor a Vice President, and the Secretary or the Treasurer, and may be sealed withthe seal of the Corporation or a facsimile thereof.  The signatures of such officers may befacsimiles if the certificate is manually signed on behalf of a transfer agent,or registered by a registrar, other than the Corporation itself or an employeeof the Corporation.  If an officer whohas signed or whose facsimile signature has been placed upon such certificateceases to be an officer before the certificate is issued, it may be issued by theCorporation with the same effect as if the person were an officer on the dateof issue.  Each certificate of stockshall state:

 

                                (a)  that the Corporation isorganized under the laws of the State of Texas;

 

                                (b)  the name of the person towhom issued;

 

                                (c) the number and class of shares and the designation of the series, if any, whichsuch certificate represents; and

 

                                (d)  the par value of each sharerepresented by such certificate.

 

                3.2*           Transfers.*  Transfers of stock shall be made only uponthe stock transfer books of the Corporation, kept at the registered office ofthe Corporation or at its principal place of business, or at the office of itstransfer agent or registrar, and before a new certificate is issued the oldcertificate shall be surrendered for cancellation. The Board of Directors may,by 

 

 

 

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resolution,open a share register in any state of the United States, and may employ anagent or agents to keep such register, and to record transfers of sharestherein.

 

                3.3*           Registered Owner.*  Registered stockholders shall be treated bythe Corporation as the holders in fact of the stock standing in theirrespective names and the Corporation shall not be bound to recognize anyequitable or other claim to or interest in any share on the part of any otherperson, whether or not it shall have express or other notice thereof, except asexpressly provided below or by the laws of the State of Texas.  The Board of Directors may adopt byresolution a procedure whereby a stockholder of the Corporation may certify inwriting to the Corporation that all or a portion of the shares registered inthe name of such stockholder are held for the account of a specified person orpersons.

 

                3.4*           Mutilated, Lost or DestroyedCertificates.*  In case of anymutilation, loss or destruction of any certificate of stock, another may beissued in its place upon receipt of proof of such mutilation, loss ordestruction.  The Board of Directors mayimpose conditions on such issuance and may require the giving of a satisfactorybond or indemnity to the Corporation in such sum as they might determine orestablish such other procedures as they deem necessary.

 

                3.5*           Fractional Shares or Scrip.*  The Corporation may (a) issue fractionsof a share which shall entitle the holder to exercise voting rights, to receivedividends thereon, and to participate in any of the assets of the Corporationin the event of liquidation; (b) arrange for the disposition of fractionalinterests by those entitled thereto; (c) pay in cash the fair value of fractionsof a share as of the time when those entitled to receive such shares aredetermined; or (d) issue scrip in registered or bearer form which shallentitle the holder to receive a certificate for a full share upon the surrenderof such scrip aggregating a full share.

 

                3.6*           Shares of Another Corporation.*  Shares owned by the Corporation in anothercorporation, domestic or foreign, may be voted by such officer, agent or proxyas the Board of Directors may determine or, in the absence of suchdetermination, by Chief Executive Officer or the President of the Corporation.

 

**ARTICLE IV**

 

**BOARD OF DIRECTORS**

 

                4.1*           Number and Powers*.  The management of all the affairs, propertyand interests of the Corporation shall be vested in a Board of Directors.  The Board of Directors shall consist of fivepersons as of the effective date of these Bylaws.  Directors need not be residents of the Stateof Texas.  The Board of Directors, otherthan those who may be elected by the holders of any class or series of stockhaving preference over the Common Stock as to dividends or upon liquidation,shall be divided into three classes as nearly equal in number as possible, withone class to be elected annually.  At thefirst annual meeting of stockholders following the effective date of theArticles of Incorporation, directors of the first class shall be elected tohold office for a term expiring at the next succeeding annual meeting,directors of the second class shall be elected to hold office for a termexpiring at the second succeeding annual meeting, and directors of the thirdclass shall be elected to hold office for a term expiring at the thirdsucceeding annual meeting; and, as to directors of each class, when theirrespective successors are elected and qualified.  At each subsequent annual meeting ofstockholders, directors elected to succeed those whose terms are expiring shallbe elected for a term of office to expire at the third succeeding annualmeeting of stockholders and when their respective successors are elected and qualified.  Stockholders of the Corporation shall not bepermitted to cumulate their votes for the election of directors.  In addition to the powers and authoritiesexpressly conferred upon it by these Bylaws and the Articles of Incorporation,the Board of Directors may exercise all such powers of the Corporation and doall such lawful acts and things as are not by statute or by the Articles ofIncorporation or by these Bylaws directed or required to be exercised or doneby the stockholders.

 

                4.2*           Change of Number.*  The number of directors may at any time beincreased or decreased by a vote of a majority of the Whole Board of Directorsand a majority of the Continuing Directors, as such terms are defined in theArticles of Incorporation, provided that no decrease shall have the effect ofshortening the term of any incumbent director except as provided in Sections4.3 and 4.4 hereunder.

 

                4.3*           Vacancies.*  All vacancies in the Board of Directors shallbe filled in the manner provided in the Corporation’s Articles ofIncorporation, which provisions are incorporated herein with the same effect asif they were set forth herein.

 

 

 

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                4.4*           Removal of Directors.*  Directors may be removed in the mannerprovided in the Corporation’s Articles of Incorporation, which provisions areincorporated herein with the same effect as if they were set forth herein.

 

                4.5*           Regular Meetings.*  Regular meetings of the Board of Directors orany committee may be held without notice at the principal place of business ofthe Corporation or at such other place or places, either within or without theState of Texas, as the Board of Directors or such committee, as the case maybe, may from time to time designate.  Theannual meeting of the Board of Directors shall be held without noticeimmediately after the adjournment of the annual meeting of stockholders

 

                4.6*           Special Meetings.*

 

                                (a) Special meetings of the Board of Directors may be called at any time by theChairman, the Chief Executive Officer, the President or by a majority of theauthorized number of directors, to be held at the principal place of businessof the Corporation or at such other place or places as the Board of Directorsor the person or persons calling such meeting may from time to time designate.  Notice of all special meetings of the Boardof Directors shall be given to each director by at least one days’ service ofthe same by facsimile or personally, and by at least three days’ service whendelivered by mail at the address at which the director is most likely to bereached.  Such notice shall be deemed tobe delivered when deposited in the mail so addressed with postage prepared, orwhen delivered to the telegraph company if sent by telegram.  Such notice need not specify the business tobe transacted at, nor the purpose of, the meeting.

 

                                (b)  Special meetings of anycommittee may be called at any time by such person or persons and with suchnotice as shall be specified for such committee by the Board of Directors, orin the absence of such specification, in the manner and with the noticerequired for special meetings of the Board of Directors.

 

                4.7*           Quorum.*  A majority of the Whole Board of Directors,as such term is defined in the Corporation’s Articles of Incorporation, shallbe necessary at all meetings to constitute a quorum for the transaction ofbusiness.

 

                4.8*           Waiver of Notice.*  Attendance of a director at a meeting ofdirectors shall constitute a waiver of notice of such meeting, except where adirector attends for the express purpose of objecting to the transaction of anybusiness because the meeting is not lawfully called or convened.  A waiver of notice signed by the director ordirectors, whether before or after the time stated for the meeting, shall beequivalent to the giving of notice.

 

                4.9*           Registering Dissent.*  A director who is present at a meetingof the Board of Directors at which action on a corporate matter is taken shallbe presumed to have assented to such action unless his dissent shall be enteredin the minutes of the meeting, or unless he shall file his written dissent tosuch action with the person acting as the secretary of the meeting, before theadjournment thereof, or shall forward such dissent by registered mail to theSecretary of the Corporation immediately after the adjournment of the meeting.  Such right to dissent shall not apply to adirector who voted in favor of such action.

 

                4.10*         Executive, Audit andOther Committees.*  Standing orspecial committees may be appointed from its own number by the Board ofDirectors from time to time and the Board of Directors may from time to timeinvest such committees with such powers as it may see fit, subject to suchconditions as may be prescribed by the Board. An Executive Committee may be appointed by resolution passed by amajority of the Whole Board of Directors, as such term is defined in theCorporation’s Articles of Incorporation. It shall have and exercise all of the authority of the Board ofDirectors, except in reference to amending the Articles of Incorporation,adopting a plan of merger or consolidation, recommending the sale, lease orexchange or other disposition of all or substantially all the property andassets of the Corporation otherwise than in the usual and regular course ofbusiness, recommending a voluntary dissolution or a revocation thereof, oramending these Bylaws.  An AuditCommittee may be appointed by a resolution approved by a majority of the WholeBoard of Directors, as such term is defined in the Corporation’s Articles ofIncorporation, and at least a majority of the members of the Audit Committeeshall be directors who are not also officers of the Corporation.  The Audit Committee shall recommendindependent auditors to the Board of Directors annually and shall review theCorporation’s budget, the scope and results of the audit performed by theCorporation’ independent auditors and the Corporation’s system of internalcontrol with management and such independent auditors, and such other duties asmay be assigned to such Committee.  Allcommittees so appointed shall keep regular minutes of the transactions of theirmeetings and shall cause them to be recorded in books kept for that purpose inthe office of 

 

 

 

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theCorporation.  The designation of any suchcommittee, and the delegation of authority thereto, shall not relieve the Boardof Directors, or any member thereof, of any responsibility imposed by law.

 

                4.11*         Remuneration.*  Directors, as such, may receive a statedsalary for their service, but by resolution of the Board of Directors, a fixedsum and expenses of attendance, if any, may be allowed for attendance at eachregular or special meeting of such Board. Members of standing or special committees may be allowed likecompensation for attending committee meetings.

 

                4.12*         Action by Directors Without a Meeting.*  Any action required or which may be taken ata meeting of the directors, or of a committee thereof, may be taken without ameeting if a consent in writing, setting forth the action so taken or to betaken, shall be signed by all of the directors, or all of the members of thecommittee, as the case may be.  Suchconsent shall have the same effect as a unanimous vote.

 

                4.13*         Action of Directors by CommunicationsEquipment.*  Any actionrequired or which may be taken at a meeting of directors, or of a committeethereof, may be taken by means of a conference telephone or similarcommunications equipment by means of which all persons participating in themeeting can hear or identify each other at the meeting.

 

                4.14*         Nominations.*  Nominations of candidates for election asdirectors at any annual meeting of stockholders shall be made in the manner setforth in the provisions of the Corporation’s Articles of Incorporation, whichprovisions are incorporated herein with the same effect as if they were setforth herein.

 

**ARTICLE V**

 

**OFFICERS**

 

                5.1*           Designations.* The officersof the Corporation shall be a Chairman of the Board, a Chief Executive Officer,a President, a Secretary and a Treasurer, such Vice Presidents, AssistantSecretaries and Assistant Treasurers as the Board may designate, each of whomshall be elected by a majority vote of the Board of Directors for one year attheir first meeting after the annual meeting of stockholders, and who shallhold office until their successors are elected and qualify.  The Board of Directors also may elect orauthorize the appointment of such other officers as the business of theCorporation may require.  Any two or moreoffices may be held by the same person.

 

                5.2*           Powers and Duties.*  The officers of the Corporation shall havesuch authority and perform such duties as the Board of Directors may from timeto time authorize and determine.  In theabsence of action of the Board of Directors, the officers shall have suchpowers and duties as may be provided in these Bylaws and as generally pertainto their respective offices.

 

                5.3*           Delegation.*  In the case of absence or inability to act ofany officer of the Corporation and of any person herein authorized to act inhis place, the Board of Directors may from time to time delegate the powers or dutiesof such officer to any other officer or any directors or other person whom itmay select.

 

                5.4*           Vacancies.*  Vacancies in any office arising from anycause may be filled by a vote of a majority of the Whole Board of Directors, assuch term is defined in the Articles of Incorporation, at any regular orspecial meeting of the Board.

 

                5.5*           Other Officers.*  The Board of Directors may appoint such otherofficers and agents as it shall deem necessary or expedient, who shall holdtheir offices for such terms and shall exercise such powers and perform suchduties as shall be determined from time to time by the Board of Directors.

 

                5.6*           Term; Removal.*  The officers of the Corporation shall holdoffice until their successors are chosen and qualify.  Any officer or agent elected or appointed bythe Board of Directors may be removed at any time, with or without cause, bythe affirmative vote of a majority of the Whole Board of Directors, as suchterm is defined in the Corporation’s Articles of Incorporation, but suchremoval shall be without prejudice to the contract rights, if any, of theperson so removed.

 

 

 

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**ARTICLE VI**

 

**DIVIDENDS AND FINANCE**

 

                6.1*           Dividends.*  Subject to the conditions and limitationsimposed by law and regulation, dividends may be declared by the Board ofDirectors and paid by the Corporation.

 

                6.2*           Reserves.*  There may be set aside out of the netearnings of the Corporation such sum or sums as the directors from time to timein their absolute discretion deem expedient as a reserve fund to meetcontingencies or for any other proper purpose.

 

                6.3*           Depositories.*  The monies of the Corporation shall bedeposited in the name of the Corporation in such financial institution orfinancial institutions or trust company or trust companies as the Board ofDirectors shall designate, and shall be drawn out only by check or other orderfor payment of money signed by such persons and in such manner as may bedetermined by resolution of the Board of Directors.

 

**ARTICLE VII**

 

**NOTICES**

 

                Except as may otherwise be requiredby law, any notice to any stockholder or director may be delivered personallyor by mail.  If mailed, the notice shallbe deemed to have been delivered when deposited in the United States mail,addressed to the addressee at his last known address in the records of theCorporation, with postage thereon prepaid.

 

**ARTICLE VIII**

 

**SEAL**

 

                Thecorporate seal of the Corporation shall be in such form and bear suchinscription as may be adopted by resolution of the Board of Directors, or byusage of the officers on behalf of the Corporation.

 

**ARTICLE IX**

 

**BOOKS AND RECORDS**

 

                The Corporation shall keep correct and complete booksand records of account and shall keep minutes and proceedings of itsstockholders and Board of Directors; and it shall keep at its registered officeor principal place of business, or at the office of its transfer agent orregistrar, a record of its stockholders, giving the names and addresses of allstockholders and the number and class of the shares held by each.  Any books, records and minutes may be inwritten form or any other form capable of being converted into written formwithin a reasonable time.

 

**ARTICLE X**

 

**FISCAL YEAR; ANNUAL AUDIT**

 

                The fiscal year of theCorporation shall end on the 31st day of December each year.  The Corporation shall be subject to an annualaudit as of the end of its fiscal year by independent public accountantsappointed by and responsible to the Board of Directors.  The appointment of such accountants shall besubject to annual ratification by the stockholders.

 

 

 

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**ARTICLE XI**

 

**PERSONAL LIABILITY OF DIRECTORS;INDEMNIFICATION**

 

                                (a)           A director of the Corporation shallnot be personally liable for monetary damages for action taken, or any failureto take action, as a director, to the extent set forth in the Corporation’sArticles of Incorporation, which provisions are incorporated herein with thesame affect as if they were set forth herein.

 

                                (b)           theCorporation shall indemnify any person who is a director, agent, officer,employee or agent of the Corporation to the extent set forth in theCorporation’s Articles of Incorporation, which provisions are incorporatedherein with the same affect as if they were set forth herein.

 

**ARTICLE XII**

 

**AMENDMENTS**

 

*                Amendments.*  These Bylaws may be altered,amended or repealed only in the manner set forth in the Corporation’s Article ofIncorporation, which provisions are incorporated herein with the same effect asif they were set forth herein.

 

**ARTICLE XIII**

 

**SEVERABILITY**

 

                If a final judicial determination is made or an orderis issued by a court or government regulatory agency having jurisdiction thatany provision of these Bylaws is unreasonable or otherwise unenforceable, suchprovisions shall not be rendered void, but shall be deemed amended to apply tothe maximum extent as such court or government regulatory agency may determineor indicate to be reasonable.  If, forany reason, any provision of these Bylaws shall be held invalid, suchinvalidity shall not affect any other provision of these Bylaws not held soinvalid, and each such other provision shall, to the full extent consistentwith law, continue in full force and effect. If any provision of these Bylaws shall be held invalid in part, suchinvalidity shall in no way affect the remainder of such provision, and theremainder of such provision, together with all other provisions of these Bylawsshall, to the full extent consistent with law, continue in full force andeffect.

 

As adopted this 12thday of February 1996 and as amended this 28th day of August 2007.

 

 

 

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