Document:

exv4w5

 

Exhibit 4.5

CERTIFICATE OF INCORPORATION

OF

WILLIAMS PARTNERS FINANCE CORPORATION

          ARTICLE FIRST: The name of the corporation is Williams Partners Finance Corporation.

          ARTICLE SECOND: The address of the registered office of the corporation in the State of
Delaware is 1209 Orange Street, Wilmington, Delaware 19801. The name of the corporation’s
registered agent at that address is The Corporation Trust Company.

          ARTICLE THIRD: The corporation may engage in any lawful act or activity for which corporations
may be organized under the General Corporation Law of the State of Delaware.

          ARTICLE FOURTH: The total number of shares of stock which the corporation shall have authority
to issue is 1,000 shares of common stock, par value of $0.01 per share.

          ARTICLE FIFTH: The name of the incorporator is Peggy Landrum and her mailing address is c/o
Williams Partners L.P., One Williams Center, Tulsa, Oklahoma 74172.

          ARTICLE SIXTH: The number of directors of the corporation shall be fixed from time to time by
or in the manner provided for in the bylaws of the corporation but shall never be less than one.
In case of any increase in the number of directors, the additional directors may be elected by the
directors then in office or by the stockholders at any annual or special meeting. The names and
mailing addresses of the directors, who shall serve until the first annual meeting of stockholders
or until their successors are elected and qualified, are as follows:

	 	 	 
	Name	 	Mailing Address
	Alan S. Armstrong

	 	One Williams Center, Tulsa, OK 74172
	Donald R. Chappel

	 	One Williams Center, Tulsa, OK 74172
	Steven J. Malcolm

	 	One Williams Center, Tulsa, OK 74172

          ARTICLE SEVENTH: In furtherance of, and not in limitation of, the powers conferred by statute,
the board of directors of the corporation is expressly authorized to adopt, amend or repeal the
bylaws of the corporation.

          ARTICLE EIGHTH: No director of the corporation shall be personally liable to the corporation
or any of its stockholders for monetary damages for breach of such director’s fiduciary duty as a
director, except that a director shall remain liable to the extent provided by law: (i) for any
breach of the director’s duty of loyalty to the corporation or its stockholders; (ii) for acts or
omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
(iii) under Section 174 of the General Corporation Law of the State of Delaware; or (iv) for any
transaction from which the director derived an improper personal benefit. No amendment or deletion
of this Article shall impair the immunity of any person under

 

 

this Article for any act or omission occurring prior to the effectiveness of such amendment or
deletion.

          ARTICLE NINTH: A director of this corporation shall not in the absence of fraud be
disqualified by his office from dealing or contracting with the corporation either as a vendor,
purchaser, or otherwise, nor in the absence of fraud, shall any transaction or contract of this
corporation be void or voidable or affected by reason of the fact that any director or any firm of
which any director is a member or an employee or any corporation of which any director is an
officer, director, stockholder, or employee is in any way interested in such transaction or
contract, even though the vote of the director or directors having such adverse interest shall have
been necessary to obligate the corporation upon such contract or transaction, and, in the absence
of fraud, no director or directors having such adverse interest shall be liable to the corporation
or to any stockholder or creditor thereof or to any other person for any loss incurred by it under
or by reason of any such contract or transaction; nor, in the absence of fraud, shall any such
director or directors be accountable for any gains or profits realized thereon.

          ARTICLE TENTH: The corporation shall indemnify any person (including the heirs, executors or
administrators of such a person) who was or is a party or is threatened to be made a party to any
threatened, pending or completed proceeding (defined below), by reason of the fact that the person
is or was a director, officer, employee or agent of the corporation, or is or was serving at the
request of the corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, in accordance with and to the fullest extent
permitted by the General Corporation Law of the State of Delaware, as same may be amended from time
to time. To the extent the present or former spouse(s) of any party indemnified hereunder is made
a party or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding solely by virtue of his or her marital relationship to such indemnified party, such
spouse shall be indemnified hereunder to the fullest extent permitted by the General Corporation
Law of the State of Delaware, as same may be amended from time to time. Such indemnification as
hereinabove provided shall not be deemed exclusive of any other rights to which those indemnified
may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors, or
otherwise. The corporation shall have the power to purchase and maintain insurance on behalf of
any person who is or was a director, officer, employee or agent of the corporation, or is or was
serving at the request of the corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise against any liability asserted
against him or her and incurred by him or her in any such capacity, or arising out of his or her
status as such, whether or not the corporation would have the power to indemnify him or her against
such liability.

          As used herein, the term “proceeding” means any threatened, pending or completed action, suit,
or proceeding, whether civil, criminal, administrative, arbitrative or investigative (other than an
action by or in the right of the corporation), any appeal in such an action, suit, or proceeding,
or any inquiry or investigation that could lead to such an action, suit, or proceeding.

          ARTICLE ELEVENTH: Whenever a compromise or arrangement is proposed between this corporation
and its creditors or any class of them and/or between this corporation and its stockholders or any
class of them, any court of equitable jurisdiction within the State of Delaware may, on the
application in a summary way of this corporation or of any creditor or

 

 

stockholder thereof, or on the application of any receiver or receivers appointed for this
corporation under Section 291 of Title 8 of the Delaware Code or on the application of trustees in
dissolution or of any receiver or receivers appointed for this corporation under Section 279 of
Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the
stockholders or class of stockholders of this corporation, as the case may be, to be summoned in
such a matter as the said court directs. If a majority in number representing three-fourths in
value of the creditors or class of creditors, and/or of the stockholders or class of stockholders
of this corporation, as the case may be, agree to any compromise or arrangement and to any
reorganization of this corporation as consequence of such compromise or arrangement, the said
compromise or arrangement and the said reorganization shall, if sanctioned by the court to which
the said application has been made, be binding on all creditors or class of creditors, and/or on
all the stockholders or class of stockholders, of this corporation, as the case may be, and also on
this corporation.

          ARTICLE TWELFTH: The corporation shall have the right, subject to any express provisions or
restrictions contained in this certificate of incorporation or bylaws of the corporation, from time
to time, to amend this certificate of incorporation or any provision hereof in any manner now or
hereafter provided by law, and all rights and powers of any kind conferred upon a director or
stockholder of this corporation by this certificate of incorporation or any amendment hereof are
subject to such right of the corporation.

[The Remainder of This Page is Intentionally Blank]

 

 

          I, the undersigned, being the incorporator hereinbefore named, for the purpose of forming a
corporation pursuant to the General Corporation Law of the State of Delaware, do make this
certificate, hereby declaring that this is my act and deed and that the facts herein stated are
true, and accordingly have hereunto set my hand this 9th day of June, 2006.

	 	 	 	 	 
	 	 	 
	 	     /s/ Peggy Landrum
 	 
	 	Peggy Landrum, Incorporatorexv4w6

 

Exhibit 4.6

BYLAWS

OF

WILLIAMS PARTNERS FINANCE CORPORATION

A Delaware Corporation

Date of Adoption:

June 12, 2006

 

 

BYLAWS

OF

WILLIAMS PARTNERS FINANCE CORPORATION

ARTICLE I

OFFICES

          The principal office of the Corporation in the State of Delaware shall be at 1209 Orange
Street, Wilmington, Delaware 19801. The name of the Corporation’s registered agent at that address
is The Corporation Trust Company.

          The Corporation may, in addition to its principal office in the State of Delaware, establish
and maintain an office or offices at such other places as the Board of Directors may from time to
time deem necessary or desirable.

ARTICLE II

STOCKHOLDERS MEETING

          Section 1. Place of Meetings. The Annual Meeting of the stockholders for the election
of directors and any Special Meetings of Stockholders shall be held at such time and place as shall
be stated in the notice of such meeting.

          Section 2. Annual Meetings. The annual meeting of the stockholders for the election of
directors and or the transaction of any other business properly presented for action at such
meeting shall be held at such time and place as shall be designated by the Board of Directors and
stated in the notice of the meeting or in a duly executed waiver of notice thereof. Such annual
meetings shall be general meetings, that is to say, open for transaction of any business within the
powers of the Corporation without special notice of such business, except in any case in which
notice is required by federal, state or local law, by the Certificate of Incorporation, or by these
Bylaws. In the event business is presented for action at such annual meeting which, in the opinion
of the ranking executive officer of the Corporation attending such meeting, requires the giving of
prior notice of such business to stockholders, no action shall be taken on such business at such
meeting unless and until proof of timely adequate notice of such business shall have been filed
with and accepted the ranking executive officer of the Corporation attending such meeting.

          Section 3. Special Meetings. Special meetings of the stockholders may be called by the
President, and shall be called by the President, a Vice President, the Secretary or an Assistant
Secretary, at the request in writing of a majority of the Board of Directors, or of a majority of
the Executive Committee, or of stockholders owning a majority of the outstanding shares having
voting power. Such request shall state the purpose or purposes of the proposed meeting.

          Section 4. Notice. Written notice of the place, date and hour of all meetings, and, in
case of a special meeting, the purpose or purposes for which the meeting is called, shall be given
by or at the direction of the Chairman of the Board (if any) or the President, the Secretary or the

 

 

other person(s) calling the meeting to each stockholder entitled to vote thereat not less than 10
nor more than 60 days before the date of the meeting. Such notice may be delivered either
personally or by mail. If mailed, notice is given when deposited in the United States mail, postage
prepaid, directed to the stockholder at his address as it appears on the records of the
Corporation.

          Section 5. Proxies. At any meeting of the stockholders each stockholder entitled to
vote may vote either in person or by proxy, but no proxy shall be voted on after three years from
its date, unless such proxy shall, on its face, name a longer period for which it is to remain in
force. Such proxy shall be in writing, subscribed by the stockholder or his duly authorized
attorney, but need not be sealed, witnessed or acknowledged, and shall be filed with the Secretary
at or before the meeting.

          Section 6. Quorum. At any annual or special meeting of stockholders a majority in
interest of the stockholders entitled to vote thereat, present in person or by proxy, shall
constitute a quorum, except as otherwise provided by law, but if at any meeting of the stockholders
there be less than a quorum present, the stockholders present at such meeting may, without further
notice, adjourn the same from time to time until a quorum shall attend, but no business shall be
transacted at any such adjourned meeting except such as might have been lawfully transacted had the
meeting not been adjourned.

          Section 7. Voting. Except as otherwise expressly required by statute, the Certificate
of Incorporation or these Bylaws, each stockholder shall at each meeting of the stockholders be
entitled to one vote in person or by proxy for each share of stock of the Corporation entitled to
be voted thereat held by him and registered in his name on the books of the Corporation:

          (a) on such date as may be fixed by the Board of Directors as the record date for the
determination of stockholders entitled to notice of and to vote at such meeting, which date shall
not precede the date upon which the resolution fixing the record date is adopted by the Board of
Directors; or

          (b) in the event that no record date shall have been so fixed, on the date of such meeting;
provided, however, that, except where a record date shall have been so fixed, no share of stock of
the Corporation shall be voted at any election of directors which shall have been transferred on
the books of the Corporation within 20 days prior to such election of directors.

          The vote for directors, and, upon the demand of any stockholder, the vote upon any question
before the meeting shall be by ballot. Except as otherwise provided by law or the Certificate of
Incorporation or these Bylaws, directors shall be elected by a plurality vote of the stockholders
present or represented at the meeting, and each other question properly presented to any meeting of
stockholders shall be decided by a majority of the votes cast on the question entitled to vote
thereon.

          Section 8. List of Stockholders. A complete list of the stockholders entitled to
vote at the ensuing election, arranged in alphabetical order, with the residence of each, and the
number of voting shares held by each, shall be prepared and filed in the office where the election
is to be held at least ten days before every election, and shall at all times during the usual
hours for

 

 

business during the said ten days and during the whole time of said election be open to
the examination of any stockholder.

          Section 9. Judges of Election. Whenever a vote at a meeting of stockholders shall
be by ballot, the polls shall be opened and closed, the proxies and ballots shall be received, and
all questions pertaining to the qualification of voters and the validity of proxies and the
acceptance or rejection of votes shall be decided by two Judges of Election. Such Judges of
Election shall be appointed by the Board of Directors before or at the meeting, or in default
thereof, by the officer presiding at the meeting, and shall be sworn to the faithful performance of
their duties. If any Judge of Election previously appointed shall fail to attend or refuse or be
unable to serve, a substitute shall be appointed by the presiding officer.

ARTICLE III

DIRECTORS

          Section 1. Powers. Except as otherwise provided by law, by the Certificate
of Incorporation or by these Bylaws, the property, business and affairs of the Corporation shall be
managed by the Board of Directors.

          Section 2. Number and Tenure. The Board of Directors shall consist of no less than 3
nor more than 11 members as the Board may determine from time to time by Resolution of the Board of
Directors. Directors shall hold office until the next annual election and until their successors
shall be duly elected and qualified. The Board of Directors shall keep full and fair records and
accounts of its proceedings and transactions. Directors need not be stockholders.

          Section 3. Regular Meetings. The Board of Directors shall meet for the election of
officers and for the transaction of any other business as soon as practicable after the annual
meeting of stockholders. Other regular meetings of the Board may be held at such times and places
as the Board may from time to time determine. No notice of any such annual or regular meeting of
the Board need be given.

          Section 4. Special Meetings. Special meetings of the Board of Directors shall be
called by the Secretary or any Assistant Secretary at the request of the Chairman of the Board and
Chief Executive Officer, the President or of any two directors. Notice of the time and place of any
special meeting of the Board of Directors shall be mailed, postage prepaid, to each director at
least 48 hours before the time at which the meeting is to be held, or shall be sent by confirmed
facsimile transmission or other form of electronic communication, or be delivered personally or by
telephone, at least 24 hours before the time at which such meeting is to be held. Notice of any
special meeting need not be given to any director who shall waive notice thereof. Any meeting of
the Board of Directors shall be a legal meeting without notice thereof having been given, if all
the directors of the Corporation then holding office shall be present thereat.

          Section 5. Place of Meetings. Meetings of the Board of Directors may be held at such
places in or out of the State of Delaware as may be fixed by the Board or designated in the notice
of the meeting, except that the annual meeting of the Board, if held without notice, shall be held
at the principal executive office of the Corporation.

 

 

          Section 6.
Quorum. One third (1/3)

(?) of the Board of Directors, but not less than two
directors, shall constitute a quorum for the transaction of business, but if, at any meeting of the
Board of Directors, there be less than a quorum present, a majority of the directors present may,
without further notice, adjourn the same from time to time until a quorum shall attend. A majority
of such quorum shall decide any questions that may come before the meeting.

          Section 7. Resignations. A resignation from the Board of Directors shall be
deemed to take effect upon its receipt by the Corporation unless otherwise specified therein.

          Section 8. Vacancies. Vacancies in the Board of Directors created on account of death,
resignation, disqualification or other causes, or resulting from an increase in the authorized
number of directors, shall be filled by a majority of the remaining directors, though less than a
quorum, and the directors so chosen shall hold office until the next annual election and until
their successors shall be duly elected and qualified unless sooner displaced; provided, however,
that if the remaining directors shall constitute less than a majority of the whole Board of
Directors, upon application of any stockholder or stockholders holding at least 10% of the total
number of shares of the capital stock of the Corporation at the time outstanding having the right
to vote for directors, an election to fill any such vacancy or vacancies or to replace the director
or directors chosen by the remaining directors as aforesaid may be held as provided in Section 223
of the General Corporation Law of the State of Delaware.

          Section 9. Removal. At any meeting of the stockholders called for the purpose any
director may, by vote of stockholders entitled to cast a majority of the votes, be removed from
office with or without cause, and another be appointed in the place of the person so removed, to
serve for the remainder of his term.

          Section 10. Compensation. Directors shall receive such compensation for their services
as shall be fixed from time to time by resolution of the Board of Directors. Nothing in this
Section shall be construed to preclude a director from serving the Corporation in any other
capacity and receiving compensation therefore.

ARTICLE IV

COMMITTEES

          Section 1. Executive Committee. The Board of Directors, by resolution adopted by a
majority of the whole Board, may designate not less than three of the directors then in office (at
least one of whom shall be the Chairman of the Board of Directors or the President of the
Corporation) to constitute an Executive Committee. Terms of members of the Executive Committee
shall be at the pleasure of the Board of Directors but only while a member remains a
director. If the Chairman of the Board is a member of the Executive Committee, he shall be Chairman
of the Committee; otherwise, the Chairman of the Executive Committee may either be designated by
the Board of Directors or elected by the members of the Committee. To the extent permitted by law
or except as here or by resolution of the Board of Directors otherwise provided, during the
intervals between meetings of the Board of Directors, the Executive Committee shall possess and may
exercise all of the powers of the Board of Directors in the management of the business and affairs
of the Corporation. An action of the Executive Committee taken within the scope of its authority
shall be an act of the Board of Directors. All action taken by the Executive

 

 

Committee shall be
reported to the Board of Directors at its regular meeting next succeeding such action, but failure
to so render such report shall not invalidate any such action. Vacancies in the Executive
Committee shall be filled by the Board of Directors, but during the temporary absence of a member
of the Executive Committee, the remaining members of the Executive Committee may appoint a member
of the Board of Directors to act in the place of such absent member.

          Section 2. Meetings and Records of Executive Committee. Subject to the
provisions of these Bylaws, the Executive Committee shall fix its own rules of procedure and shall
meet as provided by such rules or by resolution of the Board of Directors, and it shall also meet
at the call of the Chairman of the Board or President of the Corporation or of any two members of
the Committee. Notice of meetings of the Executive Committee may be given orally, by telephone, or
in any other manner that reasonably assures receipt thereof and no minimum advance notice shall be
required. No notice shall be required for any meeting of the Executive Committee in which a
majority of its members participate, action may be taken by the Executive Committee in any manner
permitted for directors’ actions or meetings under Delaware law, and action taken by a majority of
the members of the Executive Committee shall constitute the action of the Executive Committee. Two
members of the Executive Committee shall constitute a quorum. The Executive Committee shall keep
records of its proceedings and transactions.

          Section 3. Other Committees. The Board of Directors may by resolution provide for such
other standing or special committees as it deems desirable and discontinue the same at pleasure.
Each such committee shall have such powers and perform such duties, not inconsistent with law, as
may be assigned to it by the Board of Directors. If provision be made for any such committee, the
members thereof shall be appointed by the Board of Directors and shall serve during the pleasure of
the Board. Vacancies in such committees shall be filled by the Board of Directors. Section 2 of
this Article IV shall also apply to the meetings of such other committees mutatis mutandis.

ARTICLE V

OFFICERS

          Section 1. General. The officers of the Corporation may consist of a Chairman of the
Board and Chief Executive Officer, one or more Vice Chairmen of the Board, a President, a Chief
Operating Officer, one or more Executive Vice Presidents, Senior Vice Presidents and Vice
Presidents (some of whom may have particular authority and responsibilities as designated in their
titles by the Board of Directors), a Chief Financial Officer, a General Counsel, a
Secretary, a Controller, a Treasurer and such Assistant Vice Presidents, Assistant Secretaries,
Assistant Treasurers or other subordinate officers as may from time to time be designated by the
Board of Directors. One person may hold more than one office, and no officer, except the Chairman
of the Board and Chief Executive Officer, any Vice Chairman of the Board and the President, need be
a director. These said officers shall have all the usual powers and shall perform all of the usual
duties incident to their respective offices and shall, in addition, perform such other duties as
shall be assigned to them from time to time by the Board of Directors. In its discretion, the Board
of Directors may leave unfilled any office, except that there shall always be either a Chairman of
the Board and Chief Executive Officer or a President of the Corporation.

 

 

          (A) Chairman of the Board and Chief Executive Officer. The Chairman of the Board and
Chief Executive Officer shall preside at all meetings of stockholders and of the Board of
Directors, shall have general management of the business of the Corporation and shall have
supervisory authority over the general policies and business of the Corporation, and may sign and
execute all instruments, stock certificates, bonds, contracts, and other obligations and documents
in the name of the Corporation and shall exercise such other powers as the Board of Directors may
from time to time direct. The Chairman of the Board and Chief Executive Officer may exercise all
powers granted to the President by other provisions of these Bylaws. The Chairman of the Board and
Chief Executive Officer may from time to time delegate all, or any, of his powers and duties to one
or more of the President and any Vice Chairman of the Board.

          (B) Vice Chairman of the Board. Each Vice Chairman of the Board shall have such
powers and duties as may be delegated to such Vice Chairman by the Chairman of the Board and Chief
Executive Officer. In addition, in the absence of the Chairman of the Board and Chief Executive
Officer, the Vice Chairman of the Board present senior in age shall preside at all meetings of
stockholders and of the Board of Directors.

          Section 2. President. The President shall, subject to the powers of supervision and
control conferred upon the Chairman of the Board and Chief Executive Officer, be the chief
operating officer of the Corporation and shall have all necessary powers to discharge such
responsibility including the powers to sign and execute all authorized instruments, bonds,
contracts and other obligations in the name of the Corporation and such other powers as the Board
of Directors may from time to time direct. In the event that the office of the Chairman of the
Board and Chief Executive Officer is unfilled, the President shall in addition have the authority
and responsibilities of the Chairman of the Board and Chief Executive Officer as specified in
Section 1(A) of this Article V.

          Section 3. Executive Vice Presidents, Senior Vice Presidents, and Vice Presidents.
Each Executive Vice President, Senior Vice President, or Vice President shall exercise general
supervision and have executive control of such departments of the Corporation’s business, or
perform such other executive duties as shall from time to time be assigned to him by the Board of
Directors or by the President. The Board of Directors shall have the power to designate particular
areas of authority and responsibility of an Executive Vice President, Senior Vice President, or
Vice President and to indicate such designation in such officer’s title. In case of the absence or
disability of the President, each Executive Vice President (without regard to whether
his title specifies particular areas of authority and responsibility) and each Senior Vice
President and Vice President whose title does not designate specific areas of authority and
responsibility shall be vested with all the powers of the President in respect of the signing and
execution of any contracts or other papers requiring the signature of the President. In the case
of each Senior Vice President or Vice President whose title indicates one or more specific areas of
authority and responsibility, such Senior Vice President’s or Vice President’s authority and
responsibilities shall be limited to the area or areas designated in such Senior Vice President’s
or Vice President’s title as specified by the Board of Directors.

          Section 4. Secretary. The Secretary shall keep the minutes of the meetings
of the stockholders and of the Board of Directors and of the Executive Committee, in books provided
for the purpose; he shall see that all notices are duly given in accordance with the provision of

 

 

these Bylaws, or as required by law; he shall be custodian of the records and of the corporate
seals of the Corporation; and, in general, he shall perform all duties incident to the office of a
Secretary of a corporation, and such other duties, as, from time to time, may be assigned to him by
the Board of Directors. The Secretary may sign, with the President or a Vice President,
certificates of the stock of the Corporation. The Secretary shall be sworn to the faithful
discharge of his duty.

          Section 5. Controller. The Controller shall have charge of the supervision of
the accounting system of the Corporation, including the preparation and filing of all reports
required by law to be made to any public authorities and officials. He shall perform such other
duties as are usually associated with his office or as shall be assigned to him by the Board of
Directors or the President.

          Section 6. Treasurer. The Treasurer shall have charge of and be responsible for all
funds, securities, receipts and disbursements of the Corporation, and shall deposit, or cause to be
deposited, in the name of the Corporation, all moneys or other valuable effects in such banks,
trust companies or other depositories as shall, from time to time, be selected by the Board of
Directors; he shall render to the President and to the Board of Directors, whenever requested, an
account of the financial condition of the Corporation; he may sign, with the President or a Vice
President, certificates of stock of the Corporation; and, in general, shall perform all the duties
incident to the office of a treasurer of a corporation, and such other duties as may be assigned to
him by the Board of Directors.

          Section 7. Assistant Officers. Each assistant officer shall perform such duties and
have such responsibilities as may be delegated to him by the superior officer to whom he is made
responsible by designation of the President, or as the Board of Directors may prescribe. The Board
of Directors may, from time to time, authorize any executive officer to appoint and remove
assistant officers and prescribe the powers and duties thereof.

          Section 8. Officers Holding Two or More Offices. Any two of the above mentioned
offices, except those of President and a Vice President or President and Secretary, may be held by
the same person, but no officer shall execute, acknowledge or verify any instrument in more
than one capacity, if such instrument be required by law, by the Certificate of Incorporation, or
by these Bylaws, to be executed, acknowledged or verified by any two or more officers.

          Section 9. Voting of Other Stock. Unless specifically directed otherwise
by resolution of the Board of Directors, the President shall have full power and authority on
behalf of the Corporation to vote the stock of any other corporation owned or held by the
Corporation at any meeting of the stockholders of such other corporation, or to execute the written
consent of this Corporation to any action that may be taken by the stockholders of such other
corporation without a meeting.

          Section 10. Compensation. The Board of Directors shall have power to fix
the compensation of all officers of the Corporation. It may authorize any officer, upon whom the
power of appointing subordinate officers may have been conferred, to fix the compensation of such
subordinate officers.

 

 

          Section 11. Removal. Any officer of the Corporation may be removed, without cause, by
the Board of Directors at a meeting called for that purpose, or (except in case of an officer
elected by the Board of Directors) by an officer upon whom such power of removal may have been
conferred.

ARTICLE VI

FISCAL YEAR

          The fiscal year of the Corporation shall end on the thirty first (31st) day of
December in each year, or on such other day as may be fixed from time to time by the Board of
Directors.

ARTICLE VII

STOCK

          Section 1. Certificates. Certificates of stock shall be issued in such
form as may be approved by the Board of Directors and shall be signed by the President, a Sr. Vice
President , or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an
Assistant Secretary, and, to the extent one is authorized by the Board of Directors, sealed with
the seal of the Corporation; provided, however, that where any such certificate is signed by a
Transfer Agent and by a Registrar, the signature of any such President, Vice President, Treasurer,
Assistant Treasurer, Secretary or Assistant Secretary and, to the extent one is authorized by the
Board of Directors, the seal of the Corporation upon such certificates may be facsimiles engraved
or printed thereon.

          Section 2. Transfer Agents and Registrars. The Board of Directors shall have power
and authority to make all such rules and regulations as it may deem expedient concerning the issue,
registration, and transfer of certificates of stock, and may appoint Transfer Agents and Registrars
thereof.

          Section 3. Closing of Books. The Board of Directors shall have power to close the
stock transfer books of the Corporation for a period not exceeding 60 days preceding the date of
any meeting of stockholders or the date for payment of any dividend or the date for the allotment
of rights or the date when any change or conversion or exchange of capital stock shall go into
effect; provided, however, that in lieu of closing the stock transfer books as aforesaid, the Board
of Directors may fix in advance a date, not exceeding 60 days preceding the date of any meeting of
stockholders or the date for the payment of any dividend, or the date for the allotment of rights,
or the date when any change or conversion or exchange of capital stock shall go into effect, as a
record date for the determination of the stockholders entitled to notice of, and to vote at, any
such meeting, or entitled to receive payment of any such dividend, or to any such allotment of
rights, or to exercise the rights in respect of any such change, conversion or exchange of capital
stock, and in such case only such stockholders as shall be stockholders of record on the date so
fixed shall be entitled to such notice of, and to vote at, such meeting, or to receive payment of
such dividend, or to receive such allotment of rights, or to exercise such rights, as the case may
be, notwithstanding any transfer of any stock on the books of the Corporation after any such record
date fixed as aforesaid.

 

 

          Section 4. Lost, Mutilated, or Destroyed Certificates. In case any certificate of
stock is lost, mutilated or destroyed, the Board of Directors may authorize the issue of a new
certificate in place thereof upon such terms and conditions as it may deem advisable.

ARTICLE VIII

SIGNATURES

          Section 1. Checks. All checks, drafts, notes or other obligations of the Corporation
shall be signed by the President and/or a Vice President, and/or the Treasurer, Assistant
Treasurer, Controller or by any person or persons thereunto authorized by the Board of Directors or
the Executive Committee.

          Section 2. Endorsements. All endorsements, assignments, transfers, stock powers or
other instruments of transfer of securities standing in the name of the Corporation shall be
executed for and in the name of the Corporation by the President or a Vice President, and the
Secretary or an Assistant Secretary, or by any person or persons thereunto authorized by the Board
of Directors or of the Executive Committee.

          Section 3. Proxies. Except as otherwise authorized or directed from time to time by
the Board of Directors or the Executive Committee, the President of the Corporation, or in his
absence or disability, a Vice President of the Corporation, may authorize from time to time the
signature and issuance of proxies to vote upon, and/or of consents or waivers in respect of, shares
of stock of other corporations standing in the name of the Corporation. All such proxies, consents
or waivers shall be signed in the name of the Corporation by the President or a Vice President and
the Secretary or an Assistant Secretary.

ARTICLE IX

NOTICE OF MEETINGS

          Whenever any notice is required to be given by law, the Certificate of Incorporation or under
the provisions of these bylaws, said notice shall be deemed to be sufficient if given (i) by
telegraphic, cable or wireless transmission or (ii) by deposit of the same in a post office box in
a sealed prepaid wrapper addressed to the person entitled thereto at his post office address, as it
appears on the records of the Corporation, and such notice shall be deemed to have been given on
the day of such transmission or mailing, as the case may be.

          Whenever notice is required to be given by law, the Certificate of Incorporation or under any
of the provisions of these bylaws, a written waiver thereof, signed by the person entitled to
notice, whether before or after the time stated therein, shall be deemed equivalent to notice.
Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except
when the person attends a meeting for the express purpose of objecting, at the beginning of the
meeting, to the transaction of any business because the meeting is not lawfully called or convened.
Neither the business to be transacted at, nor the purpose of, any regular or special meeting of
the stockholders, directors, or members of a committee of directors need be specified in any
written waiver of notice unless so required by the Certificate of Incorporation, the bylaws or
applicable law.

 

 

ARTICLE X

AMENDMENTS

          These Bylaws may be altered or amended by the affirmative vote of the holders of a majority of
the stock issued and outstanding and entitled to vote thereon at any regular or special meeting of
the stockholders, if notice of the proposed alteration or amendment be contained in the notice of
meeting, or by the affirmative vote of a majority of the Board of Directors.

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