**Exhibit 3.2**

**BYLAWS**

**OF**

**CASCADE CORPORATION**

**(AsAmended April 6, 2007)**

**ARTICLE I**

***Name and Principal Office***

Section 1.     TheName of this corporation is CASCADE CORPORATION, organized and existing underthe laws of the State of Oregon.

Section 2.     The principal office and place of businessof the Company shall be located at Fairview, Oregon. The Company may haveoffices and places of business at such other places, within or without theState of Oregon, as the Board of Directors may from time to time determine.

**ARTICLE II**

***Corporate Seal***

The seal of the Companyshall be an impression stamp with the following inscription: CASCADECORPORATION—Oregon—Corporate Seal. An impression of said seal so adopted is asshown below.

**ARTICLE III**

***Shareholders***

Section 1.     The Annual Meeting shall be heldon  the second Thursday in May ofeach year, or such other date as may be established by the Board ofDirectors,  at the principal office ofthe Company in Fairview, Oregon, at 10:00 a.m., when the shareholdersshall elect a Board of Directors and transact such other business as mayproperly come before the meeting.

Section 2.     Specialmeetings of the shareholders of the Company shall be called by the Secretary onthe request of the Chairman or on the request in writing of three Directors, oron demand in writing by shareholders of record holding not less than one-tenthof all shares entitled to vote at such meeting.

Section 3.     Written or printed notice stating theplace, day and hour of the meeting and, in case of a special meeting, thepurpose or purposes for which the meeting is called, shall be delivered notless than 10 nor more than 50 days before the date of the meeting, eitherpersonally or by mail, by or at the direction of the Secretary, or the personor persons calling the meeting, to each shareholder of record entitled to voteat such meeting. If mailed, such notice shall be deemed to be delivered whendeposited in the United States mail addressed to the shareholder concerned athis address as it appears on the stock books of the Company, with postagethereon prepaid.

**ARTICLE IV**

***Committees***

Section 1.     Thereare hereby established as committees of the Board of Directors an AuditCommittee, a Compensation Committee, and a Nominating and Governance Committee,each of which shall have the powers and functions set forth herein, and suchadditional powers as may be delegated by the Board of Directors. The size andmembership of the committees shall be determined by the Board of Directors, andshall be composed solely of Directors independent of management.

Section 2.     TheAudit Committee shall select, on behalf of the Company, independent publicaccountants to (1) audit the books of account and other Corporate records;and (2) perform such other 

----

duties as the Committeemay from time to time prescribe. The Committee shall transmit financialstatements certified by such independent public accountants to the Board ofDirectors after the close of each fiscal year. The Committee shall confer withsuch accountants and approve the scope of the audit of the records. TheCommittee shall have the power to confer with and direct the officers of theCompany to the extent necessary to review the internal controls, accountingpractices, financial structure and reporting of the Company. From time to time,the Committee shall report to and advise the Board of Directors concerning theresults of its consultation and review such other matters as the Committeebelieves merit review by the Board of Directors.

Section 3.     TheCompensation Committee shall fix the compensation of members of the Board ofDirectors who are officers and other members of senior management.

Section 4.     The Nominating and Governance Committeeshall consider and make recommendations to the Board of Directors with respectto the management of the Company and the nominations or elections of directorsand officers of the Company. The Committee from time to time shall consider thesize and composition of the Board of Directors and make recommendations to theBoard with respect to such matters.

**ARTICLE V**

***Directors***

Section 1.     Thebusiness and affairs of the Company shall be managed by a Board of not lessthan six, nor more than ten Directors. A Director who reaches age 75 shallcease to be a Director as of the end of the first meeting of the Board ofDirectors thereafter. A Director who ceases to be a Shareholder in the Companyshall likewise cease to be a Director. Commencing with the 1999 Annual Meetingof Shareholders, nominees for election to the Board of Directors shall bedivided into three groups. The terms of Directors in Group 1 expire at thefirst Annual Shareholders meeting after their election, the terms of Group 2expire at the second Annual Shareholders Meeting after their election, and theterms of Group 3 expire at the third Annual Shareholders Meeting after theirelection. At each Annual Shareholders Meeting held thereafter, Directors shallbe chosen for a term of three years, to succeed those whose terms expire,except that the Nominating and Governance Committee in recommending, and theBoard of Directors in selecting, nominees may assign such nominees to termsexpiring in one, two or three years to maintain balance among numbers ofDirectors in each group. Each Director shall hold office until his or hersuccessor has been elected and qualified.

Section 2.     Anyvacancy occurring in the Board of Directors, including any Directorship to befilled by reason of an increase in the number of Directors, may be filled bythe affirmative vote of the majority of the remaining Directors, though lessthan a quorum, of the Board of Directors. Any Director so elected shall serveuntil the next annual meeting of shareholders and until his successor has beenelected and has qualified.

Section 3.     Amajority of the number of Directors shall constitute a quorum for thetransaction of business at any meeting of the Board of Directors. If anymeeting of the Directors cannot be organized for want of a quorum, a majorityof the Directors there present may adjourn the meeting from time to timewithout notice until a quorum shall attend.

Section 4.     TheBoard of Directors may appoint an Executive Committee consisting of thePresident and not less than two other officers of the Company, to coordinatethe Company’s operations and to exercise general supervision over all theproperty, business and affairs of the Company. The President shall preside overthe Executive Committee, which shall be subject to the authority of the Boardof Directors and the President.

Section 5.     Immediatelyafter each annual election of Directors, the newly elected Directors shall meetfor the purpose of organization, the election of officers of the Board ofDirectors and the transaction 

2

----

of other business. Nonotice of such meeting shall be required, and the meeting shall be held at thesame place as the shareholders’ meeting unless otherwise designated by theChairman.

Section 6.     Special meetings of the Board of Directorsshall be called by the Secretary, when he is requested to do so by theChairman, upon two days’ notice to each Director. Special meetings shall becalled in like manner on the request of the majority of the members of theBoard. Such notice may be by telephone, telegraph or mail. Special meetings ofthe Directors may be held at one time and at any place, without notice, whenall members of the Board are present and consent thereto. The Board ofDirectors shall meet at such places, either within or without the State ofOregon, as may be designated in the notice of the meeting. Any businessauthorized or required to be transacted by the Directors may be transacted atany special meeting.

**ARTICLE VI**

***Compensation of Directors and Officers***

No officer or Director ofthe Company shall be entitled to any salary or other compensation for anyservices rendered the Company, except when fixed or otherwise authorized andapproved by resolution of the Board of Directors, or when services are renderedas a consultant to the Corporation under compensation arrangements approved bythe Board of Directors or the President.

**ARTICLE VII**

***Officers***

Section 1.     Theofficers of the Company shall include a Chairman, a President, one or more VicePresidents as may from time to time be deemed advisable by the Board ofDirectors, a Secretary, a Treasurer and such other officers as may from time totime be appointed by the Board of Directors.

Section 2.     Incase of the absence of any officer of the Company, or for any other reason thatmay seem sufficient to the Board, the Board of Directors may delegate hispowers and duties to any other officer or to any Director.

Section 3.     In addition to the specific duties setforth below, the officers shall have such other authorities and perform suchother duties as may elsewhere in these Bylaws be required of them or that maybe usual for their officers or that may be designated by resolution of theBoard of Directors.

**ARTICLE VIII**

***Chairman***

The Chairman shall presideat all meetings of the shareholders and Directors; he shall be the inspector ofall elections of Directors and certify who are elected; he shall also act as inspectorof the voting on any other matter or resolution unless the meeting appointsspecial inspectors for such purposes. The Chairman may also represent theCompany in any manner requested by the Board of Directors or the President.

**ARTICLE IX**

***President***

Section 1.     ThePresident shall be the chief executive officer and head of the Company andshall have the general control of its business affairs.

Section 2.     ThePresident may sign, on behalf of the Company, all deeds, contracts andpromissory notes, unless otherwise expressly directed by the Board ofDirectors, and shall have general supervision over all the property, businessand interests of the Company as well as over its officers, employees andagents.

3

----

Section 3.     The President shall make annual reports showingthe condition of the affairs of the Company, making such recommendations as hethinks proper, submitting the same to the Board of Directors, and subsequently,to the annual meeting of the shareholders; and he shall, from time to time,bring before the Directors such information as may be required touching uponthe business and property of the Company.

**ARTICLE X**

***Secretary***

The Secretary shall issueall notices of Directors’ and shareholders’ meetings, shall have the charge ofthe corporate seal and the Company’s stock and minute books, shall countersignall certificates of stocks, bonds, deeds, mortgages and other documentsrequiring the seal of the Company, shall affix the corporate seal to all suchdocuments, shall prepare and issue all certificates of stock and register andrecord the same in the stock books and shall properly record therein alltransfers, shall produce the stock books whenever required to do so by anyshareholder, and shall prepare and submit at every meeting of the shareholdersa certified list of the shareholders of the Company and of those shareholdersentitled to vote at such meeting, which list shall be prima facie evidence ofthe right to vote. The Board of Directors may designate one or more AssistantSecretaries to carry out the duties of the Secretary until such vacancy isregularly filled as required.

**ARTICLE XI**

***Treasurer***

The Treasurer shall havecustody of all funds, securities and other valuables of the Company that maycome into his possession and he shall deposit the same to the credit of theCompany in such banks or depositories as the Board of Directors may designate. Heshall bring to the attention of the Board of Directors any and all measureswhich in his judgment are necessary and proper to be taken for the preservationand renewal of securities in his custody and for the enforcement of the rightssecured thereby and shall render a statement of the accounts of the Companywhenever required by the Board of Directors.

**ARTICLE XII**

***Capital Stock***

Section 1.     Sharesof the capital stock of the Company may be certificated or uncertificated, asprovided under the Oregon Business Corporation Act. Each stockholder, uponwritten request to the transfer agent or registrar of the Company, shall beentitled to a certificate of the capital stock of the Company in such form asmay from time to time be prescribed by the Board of Directors. Such certificateshall bear the corporate seal and shall be signed by the Chairman, President,or any Vice President and by the Secretary or an Assistant Secretary. TheCompany seal and the signatures by Company officers may be facsimiles if thecertificate is manually countersigned by an authorized person on behalf of atransfer agent or registrar other than the Company or its employee. In case anyofficer, transfer agent or registrar who has signed or whose facsimilesignature has been placed on such certificate shall have ceased to be suchofficer, transfer agent or registrar before such certificate is issued, it maybe issued by the Company with the same effect as if such officer, transferagent or registrar were such officer, transfer agent or registrar at the timeof its issue. Every certificate for shares of stock which are subject to anyrestriction on transfer and every certificate issued when the Company isauthorized to issue more than one class or series of stock shall contain suchlegend with respect thereto as is required by law.

Section 2.     Subjectto any restrictions on transfer and unless otherwise provided by the Board ofDirectors, shares of stock may be transferred only on the books of the Companyand, if such shares are certificated, by the surrender to the Company or itstransfer agent of the certificate therefore properly endorsed or accompanied bya written assignment or power of attorney properly executed, with transfer 

4

----

stamps (if necessary)affixed, or upon proper instructions from the holder of uncertificated shares,in each case with such proof of the authenticity of signature as the Company orits transfer agent may reasonably require.

Section 3.     In case of the alleged loss, destruction ormutilation of a certificate of stock, a duplicate certificate may be issued inplace thereof, upon such terms as the Board of Directors may prescribe,provided, however, that if such shares have ceased to be certificated, a newcertificate shall be issued only upon written request to the transfer agent orregistrar of the Company.

**ARTICLE XIII**

***Indemnification***

The Company shall indemnify any Director, officer oremployee or former Director, officer or employee of the Company, or any personwho may have served at its request as a Director, officer or employee ofanother corporation, partnership, joint venture, or other enterprise, againstexpenses (including attorneys fees) judgments, fines and amounts paid insettlement, actually and necessarily incurred by him in connection with thedefense of any action, suit or proceeding whether civil, criminal oradministrative in which he is made a party by reason of being or having beensuch Director, officer or employee. Such indemnification shall not be deemedexclusive of any other rights to which such Director, officer or employee maybe entitled.

The Company shall alsohave the authority to indemnify any agent of the Company or any Trustee actingon behalf of the Company to the fullest extent possible under the OregonBusiness Corporation Act.

**ARTICLE XIV**

***Assessments***

A holder of or subscriberto shares of the capital stock of the Company shall be subject to assessmenttherefor by the Board of Directors to the extent, in the aggregate, of theunpaid portion of the subscription price of the shares so held or subscribed,except as may be limited by law.

**ARTICLE XV**

***Dividends***

Dividends shall bedeclared by the Board of Directors in such form, in such amounts and at suchtimes as the Board of Directors in its sole discretion shall determine, subjectonly to the requirements of law, and no dividends shall be paid or otherdistribution of earnings made except as directed by the Board of Directors.

**ARTICLE XVI**

***Signing of Contracts, Checks, Notes, Etc.***

In addition to theauthority granted to the President by Article VIII, Section 2, theBoard of Directors may, by resolution, at any time direct in what manner and bywhat person or persons, officer or officers all or any of its contracts,checks, notes, bonds, other evidences of indebtedness or other writteninstruments may be executed, and any such authorized execution shall be deemedthe act of the Company.

**ARTICLE XVII**

***Notice and Waiver***

Section 1.     Whenevernotice is required to be given to any shareholder or Director, and such noticeis given be mail, the time of the giving of such notice shall be deemed to bethe time when the same shall be 

5

----

deposited in the UnitedStates mail addressed to the shareholder or Director at his address as itappears on the official records of the Company, with postage thereon prepaid.

Section 2.     Whenever any notice is required to be givento any shareholder or Director of the Company, a waiver thereof in writingsigned by the person or persons entitled to such notice, whether signed beforeor after the time stated in such notice, shall be equivalent to the giving ofsuch notice to that person or persons.

**ARTICLE XVIII**

***Amendments***

These Bylaws may be altered, amended or repealed andnew Bylaws may be adopted at any regular or special meeting of the Board ofDirectors by a vote of the majority of the Directors present at such meeting.

6

----