Section 16. By-laws

Latest version.

The  by-laws  may provide for their amendment by the
  board of directors; but any amendment adopted  by  the  board  shall  be
  reported   to  the  annual  meeting  of  the  corporation  and,  if  not
  affirmatively approved thereat, shall cease to be in effect. By-laws may
  be adopted, repealed or amended on the affirmative vote of two-thirds of
  the members, stockholders or delegates voting thereon at a meeting  held
  after  due  written  notice  setting  forth  the proposed action and the
  purpose of the meeting.

                    
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