Page 59 - Aida Hovsepian Onboarding

Services. The directors shall provide oversight and not participate, or seek to participate, as
individual directors in the supply chain programs or any specific supply chain or selling decisions of
the Co-op except for the general policy decisions and guidance customarily provided by a Board of
Directors.

ARTICLE VII

Committees

Section 7.1. Committees. The Board of Directors may, by resolution passed by a majority of
the whole Board of Directors, designate one or more committees, each committee to consist of one or
more of the directors of the Co-op. The Board of Directors may designate one or more directors as
alternate members of any committee, who may replace any absent or disqualified member at any
meeting of the committee. In the absence or disqualification of a member of the committee, the
member or members thereof present at any meeting and not disqualified from voting, whether or not
he or they constitute a quorum, may unanimously appoint another member of the Board of Directors
to act at the meeting in place of any such absent or disqualified member. Any such committee, to the
extent permitted by law and to the extent provided in the resolution of the Board of Directors, shall
have and may exercise all the powers and authority of the Board of Directors in the management of
the business and affairs of the Co-op, and may authorize the seal of the Co-op to be affixed to all
papers which may require it.

Section 7.2. Committee Rules. Unless the Board of Directors otherwise provides, each
committee designated by the Board of Directors may make, alter and repeal rules for the conduct of
its business. In the absence of such rules each committee shall conduct its business in the same
manner as the Board of Directors conducts its business pursuant to these bylaws.

ARTICLE VIII

Capital Stock

Section 8.1. Certificate of Stock. The capital stock of the Co-op shall be represented by
certificates, provided that the Board of Directors may provide by resolution or resolutions that some
or all of any or all series of its stock shall be uncertificated shares. Any such resolution shall not
apply to shares represented by a certificate until such certificate is surrendered to the Co-op.
Notwithstanding the adoption of such a resolution by the Board of Directors, every holder of stock
represented by certificates and upon request every holder of uncertificated shares shall be entitled to
have a certificate signed by, or in the name of the Co-op by, the Chairman or Vice-Chairman of the
Board of Directors, or the President or a Vice- President, and by the Treasurer or an Assistant
Treasurer, or the Secretary or an Assistant Secretary of the Co-op representing the number of shares
registered in certificate form. Any or all the signatures on the certificate may be a facsimile. In case
any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed
upon a certificate shall have ceased to be such officer, transfer agent or registrar before such
certificate is issued, such certificate may be issued by the Co-op with the same effect as if he were

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