Skip Skip The amendment was agreed to. The next amendment was in section 12, line two, to strike out the word “ 18 ” and insert “ 15 ” before the word “direct ors;” in line 4, after the word “a pointed, " to insert “by the President;” in me 5 to strike out the words “pleasure of the President” and insert “term of 3 "years;” in line 7 to strike out the word “ 15 ” and insert “ 12 ” before “directors;” in line 13 to strike out the word “ 15 ” and insert “ 12 ” before “directors, ” and in line 21 to strike out the word “ 5" and insert“ four" before the werd “ directors;” so that the section Will read: SEC.12.Abife: That the admin of the said corporation shall he managedby a board of 15 directors. 3 of whomshal representthe Government and beappointedby the President, and hold their officesduring the term of 3 years and shall not be stockholdersin said corporation. The remaining 12 directors.with the exceptionhere inaftermentioned, shall hold their offices for 3 years.anduntilothors shall be electedin their plpecs. A majority of the board of directors shall constitute a quorum for the transaction of all business connected with said corporation. Immediately after the 1st election of directors.as herein provided. the 12 directors representing said corporation shall be divided by lot into 3 classes of equal number; and the term of office of the 1st class shall end on the 1st WednesdayofJune next succeedingthe due organization of the said corporation.accordingto the provisionsof this act: of those of the 2nd class.on the 1st Wednesday ofJune in the yearnextsncceeding: of thoseof the 3rd class.on the 1stWednesday of Junc followin. At each'succeedingannual meetingof thestockho dersfourdireciorsand 3 inspect ors of electionshall be elected.by ballot. to til the places of those whose term of o co Will exno on the 1stWednesdayofJuncofthat year. An on all questionssubmittedto the stockholdersfor determi nation, eachshall be entitled to one vote. either in person or by proxy. for everyshareof stock held or representedby him.