Offshore Banking with a Swiss Bank Account and Nevis LLC

Newly created 49. (1) Newly created directorships resulting from an increase
directorships in the number of directors and vacancies occurring in the
and vacancies board for any reason except the removal of directors
without cause may be filled by vote of a majority of the
directors then in office, although less than a quorum exists,
unless the articles of incorporation or the bylaws provide
that such newly created directorships or vacancies shall be
filled by vote of the shareholders.
(2) Unless the articles of incorporation or the specific
provisions of a bylaw adopted by the shareholders provide
that the board shall fill vacancies occurring in the board by
reason of the removal of directors without cause, such
vacancies may be filled only by vote of the shareholders.
(3) A director elected to fill a vacancy shall be elected to
hold office for the unexpired term of his predecessor.