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<br /> X <br /> The direction and management of the affairs of the corporation <br /> and the control and disposition of its property and funds shall be <br /> vested in a Board of Trustees. The number of persons on the Board <br /> shall be fixed by the by-laws of the corporation, which by-laws <br /> shall be adopted by the Board of Regents. All amendments to this <br /> charter and to the by-laws shall be adopted by majority vote of <br /> the Board of Trustees of the corporation in compliance with law. <br /> Until changed pursuant to the by-laws the number of trustees <br /> constituting the initial Board of Trustees of the corporation is <br /> four, and the names and addresses of the persons who are to serve <br /> as the initial trustees are: <br /> Dr. Billy M. Jones Dr. Leland Derrick <br /> President Post Office Box 440 <br /> Southwest Texas San Marcos, Texas 78666 <br /> State University <br /> San ~os.' Texas 78666 ¿;£~ ~ <br /> ~ Î;¡.~ <br /> <br /> Mr. J. R. Thornton Colonel C. E. Doyle <br /> 344 Wes t Woods 97 West Mimosa Circle <br /> San Marcos, Texas 78666 San Marcos) Texas 78666 <br /> ð'R. a:~ r;}~~~ <br /> <br /> 32 <br />