Article XII - General Provisions

Section 1. Waiver of Notice

A Council member or other person entitled to receive a notice required to be given under the provisions of these bylaws, the Articles of Incorporation or by applicable law, may waive such notice by signing a written waiver, whether before or after the date and time stated in the notice. The waiver shall be filed with the Council Meeting minutes or corporate records. A Council member's attendance at or participation in a meeting waives any required notice to that Council member of the meeting unless the Council member at the beginning of the meeting (or promptly upon arrival) objects to holding the meeting or transacting business at the meeting and does not thereafter vote for or assent to action taken at the meeting.

Section 2. Checks

All checks, drafts or orders for the payment of money shall be signed by the officer or officers or other individuals that the Council Executive Committee may from time to time designate.

Section 3. Bond

The Council Executive Committee may by resolution require any or all officers, agents or employees of the CPESC, Inc. to give bond to CPESC, Inc., with sufficient sureties, conditioned upon the faithful performance of the duties of their offices or positions, and to comply with such other conditions as may from time to time be required by CPESC Council.

Section 4. Loans

No loans shall be contracted on behalf of CPESC, Inc. and no evidence of indebtedness shall be issued in its name unless authorized by a resolution of the Council Executive Committee. Such authority may be general or confined to specific instances. All authorities and/or resolutions must be approved and on file in Council minutes.

Section 5. Fiscal Year

The fiscal year of CPESC shall be the twelve month period starting April 1st and continuing through the March 31st of the following year.

Section 6. Amendments

These Bylaws may be amended or repealed and new Bylaws may be adopted by the affirmative vote of a majority of a quorum of the CPESC registrants at any meeting of the CPESC, Inc. registrants; provided, that notice of the meeting shall have been given which states that the purpose or one of the purposes of the meeting is to consider a proposed amendment to the bylaws and includes a copy or summary of the proposed amendment or states the general nature of the amendment. Such notice may be waived as provided in these Bylaws.