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<br />I <br /> <br />I <br /> <br />I <br /> <br />L <br /> <br />be made, authorizes the same to be made and approves the <br />form of the proposed amendment, the Board of Directors shall <br />proceed to amend the Articles as provided in the Act. <br /> <br />The Articles of Incorporation may also be amended at <br />any time by the Governing Body at its sole discretion by <br />adopting an amendment to the Articles of Incorporation of <br />the Corporation by resolution of the Governing Body and <br />delivering the Articles of Amendment to the Secretary of <br />State as provided in the Act. <br /> <br />These Bylaws may be amended by majority vote of the <br />Board of Directors. <br /> <br />Section 3. Interpretation of Bylaws. These Bylaws and <br />all the terms and provisions hereof shall be liberally <br />construed to effectuate the purposes set forth herein. If <br />any word, phrase, clause, sentence, paragraph, section or <br />other part of these Bylaws, or the application thereof to <br />any person or circumstance, shall ever be held to be invalid <br />or unconstitutional by any court of competent jurisdiction, <br />the remainder of these Bylaws and the application of such <br />word, phrase, clause, sentence, paragraph, section or other <br />part of these Bylaws to any other person or circumstance <br />shall not be affected thereby. <br /> <br />ARTICLE V <br /> <br />GENERAL PROVISIONS <br /> <br />Section 1. Principal Office. The principal office of <br />the Corporation shall be located in San Marcos, Texas. <br /> <br />The Corporation shall have and continuously maintain in <br />the State of Texas (the "State") a registered office, and a <br />registered agent whose business office is identical with <br />such registered office, as required by the Act. The regis- <br />tered office may be, but need not be, identical with the <br />principal office in the State, and the address of the <br />registered office may be changed from time to time by the <br />Board of Directors, pursuant to the requirements of the Act. <br /> <br />Section 2. Fiscal Year. The fiscal year of the Corpo- <br />ration shall be as determined by the Board of Directors. <br /> <br />Section 3. Seal. The seal of the Corporation shall be <br />as determined by the Board of Directors. <br /> <br />-7- <br />