Number and Election of Directors. The number of directors shall be 3 provided that the number may be increased or decreased from time to time by an amendment to these by-laws, but no decrease shall have the effect of shortening the term of any incumbent director. At each annual election the shareholders shall elect directors to hold office until the next succeeding annual meeting.
Appears in 5 contracts
Samples: All American Consultant Aircraft Inc, Dp Charters Inc/Ca, Netmaster Inc