The number of elected directors for each corporate year shall be fixed at any even number within the limits above specified, at the meeting at which directors are elected. The members may, at any special meeting held for the purpose during any such year, increase or decrease, to any even number within said limits, the number of elected directors as thus fixed. In the event that the number of elected directors should be changed at any meeting, directors shall be elected, from persons nominated as provided in Article XI thereof, or removed so that one half of the number of elected directors so fixed shall be elected to hold office until the annual meeting of members next following such meeting, and one half of such number shall be elected to hold office until the second annual meeting to follow such meeting; each director so elected to hold office until his/her successor is chosen and qualified, subject in each case to law, to the Agreement of Association, and to these by-laws.

Elected directors shall be members of the club; and if the membership of an elected director terminates for any reason, his/her term of office as director shall end thereupon.

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