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<SEC-DOCUMENT>0001206774-09-001185.txt : 20090612
<SEC-HEADER>0001206774-09-001185.hdr.sgml : 20090612
<ACCEPTANCE-DATETIME>20090612110459
ACCESSION NUMBER:		0001206774-09-001185
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090609
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090612
DATE AS OF CHANGE:		20090612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHOE CARNIVAL INC
		CENTRAL INDEX KEY:			0000895447
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				351736614
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21360
		FILM NUMBER:		09888537

	BUSINESS ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
		BUSINESS PHONE:		8128676471

	MAIL ADDRESS:	
		STREET 1:		7500 EAST COLUMBIA STREET
		CITY:			EVANSVILLE
		STATE:			IN
		ZIP:			47715
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>shoecarnival_8k.htm
<DESCRIPTION>CURRENT REPORT
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<P align=center><B><FONT face=serif size=2>UNITED STATES<BR></FONT></B><B><FONT face=serif size=2>SECURITIES AND EXCHANGE COMMISSION<BR></FONT></B><FONT face=serif size=2>Washington, D.C. 20549</FONT></P>
<P align=center><B><FONT face=serif size=4>FORM 8-K</FONT></B></P>
<P align=center><B><FONT face=serif size=2>CURRENT REPORT<BR></FONT></B><B><FONT face=serif size=2>PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>SECURITIES EXCHANGE
ACT OF 1934</FONT></B></P>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="17%"><FONT face=serif size=2>Date of Report (Date of
      earliest event reported)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="82%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>June 9,
      2009</STRONG></FONT>&nbsp;</TD></TR></TABLE><BR>
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  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="100%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>SHOE CARNIVAL,
      INC.</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(Exact name
      of registrant as specified in its
charter)</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>Indiana</STRONG><FONT size=3>&nbsp;</FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="34%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>0-21360</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>35-1736614</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(State or
      other jurisdiction</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="34%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(Commission
      File</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(IRS
      Employer</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>of
      incorporation)</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="34%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>Number)</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="32%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>Identification
No.)</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="59%"><B><FONT face=serif size=2>7500 East Columbia Street,
      Evansville, IN</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="15%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="25%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>47715</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%"><FONT face=serif size=2>(Address of principal
      executive offices)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="15%">&nbsp;</TD>
    <TD noWrap align=center width="25%"><FONT face=serif size=2><FONT size=3></FONT>(Zip
    Code)</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Registrant's telephone
      number, including area code</FONT>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="50%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>(812)
      867-6471</STRONG></FONT>&nbsp;</TD></TR></TABLE><BR>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="100%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT><STRONG>Not
      Applicable</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(Former
      name or former address if changed since last
  report)</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=justify><FONT face=serif size=2>Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (</FONT><I><FONT face=serif size=2>see </FONT></I><FONT face=serif size=2>General Instruction A.2.
below):</FONT></P>
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  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>[&nbsp;&nbsp; ]</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top align=left width="97%">
      <P align=justify><FONT face=serif size=2>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)</FONT></P></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>[&nbsp;&nbsp; ]</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="97%">
      <P align=justify><FONT face=serif size=2>Soliciting material pursuant to Rule 14a-12 under the
      Exchange Act (17 CFR 240.14a-12)</FONT></P></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>[&nbsp;&nbsp; ]</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="97%">
      <P align=justify><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>[&nbsp;&nbsp; ]</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="97%">
      <P align=justify><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 13e-4(c)
      under the Exchange Act (17 CFR
240.13e-4(c))</FONT></P></TD></TR></TABLE><BR>
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<P align=justify><B><FONT face=serif size=2>Item 5.03. Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year.</FONT></B></P>
<P align=justify><FONT face=serif size=2>On June 9, 2009, the Board of Directors
of Shoe Carnival, Inc. (the &#147;Company&#148;) amended the Company&#146;s Amended and
Restated Bylaws (the &#147;Bylaws&#148;). Sections 2 and 3 of Article I of the Bylaws were
amended to update the address of the Company&#146;s registered office and principal
office to 7500 East Columbia Street, Evansville, Indiana 47715. A new Section 17
was also added to Article III of the Bylaws to opt out of new subsection
23-1-33-6(c) of the Indiana Business Corporation Law (the &#147;IBCL&#148;), which will go
into effect on July 1, 2009. The new subsection of the IBCL mandates that the
Company must, at all times, have a staggered board unless the Board expressly
elects in the Company&#146;s Bylaws not to be governed by the subsection. This
amendment to the Bylaws will not affect the current structure of the Company&#146;s
Board of Directors.</FONT></P>
<P align=justify><FONT face=serif size=2>The Bylaws, as amended, are being filed
as Exhibit 3-B hereto and are incorporated herein by reference.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Item 9.01. Financial Statements and
Exhibits.</FONT></B></P>
<P align=justify><FONT face=serif size=2>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exhibits:</FONT></P>
<P align=justify><FONT face=serif size=2>The following exhibits are being filed
herewith:</FONT></P>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="5%"><U><FONT face=serif size=2>Exhibit No.</FONT></U> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="92%"><U><FONT face=serif size=2>Exhibits</FONT></U>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="5%"><FONT face=serif size=2>3-B</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="92%"><FONT face=serif size=2>Bylaws of Shoe Carnival, Inc., as
      amended on June 9, 2009</FONT>&nbsp; </TD></TR></TABLE><BR>
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<P align=center><B><FONT face=serif size=2>SIGNATURES</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Pursuant
to the requirements of the Securities Exchange Act of 1934, the </FONT><FONT face=serif size=2>Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.</FONT></P>
<P align=justify><FONT face=serif size=2>Dated: June 12, 2009</FONT></P>
<DIV align=right>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>SHOE CARNIVAL,
      INC.</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>By:</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="97%" colSpan=2><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ W. Kerry
      Jackson</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=left width="3%"><FONT face=serif size=2>Name:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="94%"><FONT face=serif size=2>W. Kerry Jackson</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=left width="3%"><FONT face=serif size=2>Title:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="94%"><FONT face=serif size=2>Executive Vice President and Chief</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=left width="3%">&nbsp;</TD>
    <TD noWrap align=left width="94%"><FONT face=serif size=2>Financial Officer</FONT>&nbsp;
</TD></TR></TABLE></DIV><BR>
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<DOCUMENT>
<TYPE>EX-3.B
<SEQUENCE>2
<FILENAME>exhibit3b.htm
<DESCRIPTION>BYLAWS OF SHOE CARNIVAL, INC., AS AMENDED ON JUNE 9, 2009
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<P align=right><B><FONT face=serif size=2>Exhibit 3-B</FONT></B></P>
<P align=center><B><FONT face=serif size=2></FONT></B>&nbsp;</P>
<P align=center><B><FONT face=serif size=2></FONT></B>&nbsp;</P>
<P align=center><B><FONT face=serif size=2></FONT></B>&nbsp;</P>
<P align=center><B><FONT face=serif size=2>BY-LAWS</FONT></B></P>
<P align=center><B><FONT face=serif size=2>OF </FONT></B></P>
<P align=center><B><FONT face=serif size=2>SHOE CARNIVAL, INC.</FONT></B></P>
<P align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P align=center><B><FONT face=serif size=2>(As last amended on June 9,
2009<BR>to amend Articles I and III)</FONT></B></P>
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<P align=center><B><FONT face=serif size=2>Article I</FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Identification</FONT></U></B></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Section
1. </FONT><U><FONT face=serif size=2>Name</FONT></U><FONT face=serif size=2>.
The name of the Corporation is Shoe Carnival, Inc.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Registered
Office</FONT></U><FONT face=serif size=2>. The registered office of the
Corporation in the State of Indiana shall be 7500 East Columbia Street,
Evansville, Indiana 47715.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Principal
Office</FONT></U><FONT face=serif size=2>. The principal office of the
Corporation shall be 7500 East Columbia Street, Evansville, Indiana
47715.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Other
Offices</FONT></U><FONT face=serif size=2>. The Corporation may also have an
office or offices, and keep the books and records of the Corporation, except as
may otherwise be required by law, at such other place or places, either within
or without the State of Delaware, as the Board of Directors may from time to
time determine or the business of the Corporation require.</FONT></P>
<P align=center><B><FONT face=serif size=2>Article II</FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Meetings of
Shareholders</FONT></U></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>Place of
Meeting</FONT></U><FONT face=serif size=2>. All meetings of the shareholders of
the Corporation shall be held at the principal office of the Corporation or at
such other places, within or without the State of Indiana, as may from time to
time be fixed by the Board of Directors.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Annual
Meetings</FONT></U><FONT face=serif size=2>. The annual meeting of the
shareholders of the Corporation for the election of directors and for the
transaction of such other business as may properly come before the meeting shall
be held on the second Thursday in June in each year, if not a legal holiday
under the laws of the place where the meeting is to be held, and, if a legal
holiday, then on the next succeeding day not a legal holiday under the laws of
such place, or on such other date and at such hour as may from time to time be
fixed by the Board of Directors.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Special
Meetings</FONT></U><FONT face=serif size=2>. Subject to the rights of the
holders of any class or series of Preferred Stock, special meetings of the
shareholders for any purpose or purposes may be called only by the Chairman of
the Board or a majority of the entire Board of Directors. Only such business as
is specified in the notice of any special meeting of the shareholders shall come
before such meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Notice of
Meetings</FONT></U><FONT face=serif size=2>. Written notice of each meeting of
the shareholders, whether annual or special, shall be given, either by personal
delivery or by mail, not less than 10 nor more than 60 days before the date of
the meeting to each shareholder of record entitled to notice of such meeting. If
mailed, such notice shall be deemed given when deposited in the United States
mail, postage prepaid, directed to the shareholder at such shareholder's address
as it appears on the records of the Corporation. Each such notice shall state
the place, date and hour of the meeting, and the purpose or purposes for which
the meeting is called. Notice of any meeting of shareholders shall not be
required to be given to any shareholder who shall attend such meeting in person
or by proxy without protesting, prior to or at the commencement of the meeting,
the lack of proper notice to such shareholder, or who shall waive notice thereof
as provided in Article VIII of these By-Laws. Notice of adjournment of a meeting
of shareholders need not be given if the time and place to which it is adjourned
are announced at such meeting, unless the adjournment is for more than 30 days
or, after adjournment, a new record date is fixed for the adjourned
meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>Quorum</FONT></U><FONT face=serif size=2>. The holders of a majority of
the votes entitled to be cast by the shareholders entitled to vote, which if any
vote is to be taken by classes shall mean the holders of a majority of the votes
entitled to be cast by the shareholders of each such class, present in person or
by proxy, shall constitute a quorum for the transaction of business at any
meeting of the shareholders.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 6. </FONT><U><FONT face=serif size=2>Adjournments</FONT></U><FONT face=serif size=2>. In the absence of a
quorum, the holders of a majority of the votes entitled to be cast by the
shareholders, present in person or by proxy, may adjourn the meeting from time
to time. At any such adjourned meeting at which a quorum may be present, any
business may be transacted which might have been transacted at the meeting as
originally called.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 7. </FONT><U><FONT face=serif size=2>Order of
Business</FONT></U><FONT face=serif size=2>. At each meeting of the
shareholders, the Chairman of the Board, or, in the absence of the Chairman of
the Board, the President or such other person designated by the Board of
Directors, shall act as chairman. At each annual meeting only such business
shall be conducted as shall have been brought before the annual meeting (i) by
or at the direction of the Board of Directors or (ii) by any shareholder who
complies with the procedures set forth in this Section 7.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For business properly to be brought by a shareholder before an
annual meeting, the shareholder must have given timely notice thereof in proper
written form to the Secretary of the Corporation. To be timely, a shareholder's
notice must be delivered to or mailed and received at the principal office of
the Corporation not less than 30 days nor more than 60 days prior to the annual
meeting; provided, however, that in the event that less than 40 days' notice or
prior public disclosure of the date of the annual meeting is given or made to
shareholders, notice by the shareholder to be timely must be received not later
than the close of business on the tenth day following the day on which such
notice of the date of the annual meeting was mailed or such public disclosure
was made. To be in proper written form, a shareholder's notice to the Secretary
shall set forth in writing as to each matter the shareholder proposes to bring
before the annual meeting: (i) a brief description of the business desired to be
brought before the annual meeting and the reasons for conducting such business
at the annual meeting; (ii) the name and address, as they appear on the
Corporation's books, of the shareholder proposing such business; (iii) the class
and number of shares of stock of the Corporation which are beneficially owned by
the shareholder; and (iv) any material interest of the shareholder in such
business. Notwithstanding anything in these By-Laws to the contrary, no business
shall be conducted at an annual meeting except in accordance with the procedures
set forth in this Section 7. The chairman of an annual meeting shall, if the
facts warrant, determine and declare to the annual meeting that business was not
properly brought before the annual meeting in accordance with the provisions of
this Section 7 and, if he should so determine, he shall so declare to the annual
meeting and any such business not properly brought before the annual meeting
shall not be transacted.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 8. </FONT><U><FONT face=serif size=2>List of
Shareholders</FONT></U><FONT face=serif size=2>. It shall be the duty of the
Secretary or other officer of the Corporation who has charge of the stock ledger
to prepare and make, at least 5 business days before each meeting of the
shareholders, a complete list of the shareholders entitled to vote thereat,
arranged in alphabetical order, and showing the address of each shareholder and
the number of shares registered in such shareholder's name. Such list shall be
produced and kept available at the times and places required by law.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 9. </FONT><U><FONT face=serif size=2>Voting</FONT></U><FONT face=serif size=2>. Each shareholder of record of
any class or series of Preferred Stock shall be entitled at each meeting of
shareholders to such number of votes for each share of such stock as may be
fixed in the Restated Articles of Incorporation or an amendment thereto adopted
by the Board of Directors providing for the issuance of such stock, and each
shareholder of record of Common Stock shall be entitled at each meeting of
shareholders to one (1) vote for each share of stock registered in such
shareholder's name on the books of the Corporation:</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(1) on the date fixed pursuant to Section 6 of Article VI of
these By-Laws as the record date for the determination of shareholders entitled
to notice of and to vote at such meeting; or</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(2) if no such record date shall have been so fixed, then at
the close of business on the day next preceding the day on which notice of such
meeting is given, or, if notice is waived, at the close of business on the day
next preceding the day on which the meeting is held, or if no record date for
determining shareholders entitled to express consent to corporate action in
writing without a meeting shall have been fixed, the day on which the first
written consent is expressed.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Each shareholder entitled to vote at any meeting of
shareholders may authorize not in excess of three persons to act for such
shareholder by a proxy signed by such shareholder or such shareholder's
attorney-in-fact. Any such proxy shall be delivered to the secretary of such
meeting at or prior to the time designated for holding such meeting, but in any
event not later than the time designated in the order of business for so
delivering such proxies. No such proxy shall be
voted or acted upon after eleven (11) months from its date, unless the proxy
provides for a shorter or longer period.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>At a meeting of the shareholders, except as provided in
Article III, Section 2 with respect to the election of directors or as required
by law, all corporate actions to be taken by vote of the shareholders shall be
authorized if the number of votes cast in favor of the action exceeds the number
of votes cast opposing the action, and where a separate vote by class is
required, the number of votes cast in favor of the action by the shareholders of
such class exceeds the number of votes cast by the shareholders of such class
opposing the action.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Unless required by law or determined by the chairman of the
meeting to be advisable, the vote on any matter, including the election of
directors, need not be by written ballot. In the case of a vote by written
ballot, each ballot shall be signed by the shareholder voting, or by such
shareholder's proxy, and shall state the number of shares voted.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 10. </FONT><U><FONT face=serif size=2>Inspectors</FONT></U><FONT face=serif size=2>. Either the Board of
Directors or, in the absence of designation of inspectors by the Board, the
chairman of any meeting of shareholders may, in its or such person's discretion,
appoint two or more inspectors to act at any meeting of shareholders. Such
inspectors shall perform such duties as shall be specified by the Board or the
chairman of the meeting. Inspectors need not be shareholders. No director or
nominee for the office of director shall be appointed such inspector.</FONT></P>
<P align=center><B><FONT face=serif size=2>Article III</FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Board of
Directors</FONT></U></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>General
Powers</FONT></U><FONT face=serif size=2>. The business and affairs of the
Corporation shall be managed by or under the direction of the Board of
Directors, which may exercise all such powers of the Corporation and do all such
lawful acts and things as are not by law or by the Restated Articles of
Incorporation of the Corporation directed or required to be exercised or done by
the shareholders.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Number,
Qualification and Election</FONT></U><FONT face=serif size=2>. Except as
otherwise fixed by or pursuant to the provisions of the Restated Articles of
Incorporation of the Corporation relating to the rights of the holders of any
class or series of Preferred Stock, the number of directors of the Corporation
shall be determined from time to time by vote of a majority of the entire Board
of Directors, provided that the number thereof may not be less than three nor
more than fifteen.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The directors, other than those who may be elected by the
holders of shares of any class or series of Preferred Stock pursuant to the
terms of the Restated Articles of Incorporation or any resolution or resolutions
providing for the issuance of such stock adopted by the Board, shall be
classified, with respect to the time for which they severally hold office, into
three classes as nearly equal in number as possible: one class whose term
expires at the 1997 annual meeting of shareholders, another class whose term
expires at the 1998 annual meeting of shareholders and another class whose term
expires at the 1999 annual meeting of shareholders, with each class to hold
office until its successors are elected and qualified. The membership of each
class shall be initially as set forth in the Restated Articles of Incorporation.
If the number of directors is thereafter changed by the Board of Directors, any
newly created directorships or any decrease in directorships shall be so
apportioned among the classes as to make all classes as nearly equal as
possible; provided, however, that no decrease in the number of directors shall
shorten the term of any incumbent director. At each annual meeting of the
shareholders of the Corporation, subject to the rights of the holders of any
class or series of stock having a preference over the Common Stock of the
Corporation as to dividends or upon liquidation, the successors of the class of
directors whose term expires at that meeting shall be elected to hold office for
a term expiring at the annual meeting of shareholders held in the third year
following the year of their election.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Directors
need not be shareholders of the Corporation.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In any election of directors, the persons receiving a
plurality of the votes cast, up to the number of directors to be elected in such
election, shall be deemed elected.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Notification of
Nominations</FONT></U><FONT face=serif size=2>. Subject to the rights of the
holders of any class or series of Preferred Stock, nominations for the election
of directors may be made by the Board of Directors or by any shareholder
entitled to vote for the election of directors, but in the case of a nomination
by a shareholder, only if such shareholder gives timely notice thereof in proper
written form to the Secretary of the Corporation. To be timely, a shareholder's
notice shall be delivered to or mailed and received at the principal executive
offices of the Corporation not less than 30 days nor more than 60 days prior to
the meeting; provided, however, that in the event that less than 40 days' notice
or prior public disclosure of the date of the meeting is given or made to
shareholders, notice by the shareholder to be timely must be so received not
later than the close of business on the tenth day following the day on which
such notice of the date of the meeting was mailed or such public disclosure was
made. To be in proper written form, such shareholder's notice shall set forth in
writing (i) as to each person whom the shareholder proposes to nominate for
election or re-election as a director, all information relating to such person
that is required to be disclosed in solicitations of proxies for election of
directors, or is otherwise required under the Securities Exchange Act of 1934,
as amended, including, without limitation, such person's written consent to
being named in the proxy statement as a nominee and to serving as a director if
elected; and (ii) as to the shareholder giving the notice (x) the name and
address, as they appear on the Corporation's books, of such shareholder and (y)
the class and number of shares of stock of the Corporation which are
beneficially owned by such shareholder. At the request of the Board of
Directors, any person nominated by the Board of Directors for election as a
director shall furnish to the Secretary of the Corporation the information
required to be set forth in a shareholder's notice of nomination which pertains
to the nominee. In the event that a shareholder seeks to nominate one or more
directors, the Secretary shall appoint two inspectors, who shall not be
affiliated with the Corporation, to determine whether a shareholder has complied
with this Section 3. If the inspectors shall determine that a shareholder has
not complied with this Section 3, the inspectors shall direct the chairman of
the meeting to declare to the meeting that a nomination was not made in
accordance with the procedures prescribed by the By-Laws of the Corporation, and
the chairman shall so declare to the meeting and the defective nomination shall
be disregarded. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Quorum and Manner
of Acting</FONT></U><FONT face=serif size=2>. Except as otherwise provided by
these By-Laws, a majority of the entire Board of Directors shall constitute a
quorum for the transaction of business at any meeting of the Board, and, except
as so provided, the vote of a majority of the directors present at any meeting
at which a quorum is present shall be the act of the Board. In the absence of a
quorum, a majority of the directors present may adjourn the meeting to another
time and place. At any adjourned meeting at which a quorum is present, any
business may be transacted which might have been transacted at the meeting as
originally called. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>Place of
Meeting</FONT></U><FONT face=serif size=2>. The Board of Directors may hold its
meetings at such place or places within or without the State of Indiana as the
Board may from time to time determine or as shall be specified or fixed in the
respective notices or waivers of notice thereof. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 6. </FONT><U><FONT face=serif size=2>Regular
Meetings</FONT></U><FONT face=serif size=2>. Regular meetings of the Board of
Directors shall be held at such times and places as the Board shall from time to
time by resolution determine. If any day fixed for a regular meeting shall be a
legal holiday under the laws of the place where the meeting is to be held, the
meeting which would otherwise be held on that day shall be held at the same hour
on the next succeeding business day. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 7. </FONT><U><FONT face=serif size=2>Special
Meetings</FONT></U><FONT face=serif size=2>. Special meetings of the Board of
Directors shall be held whenever called by the Chairman of the Board or by a
majority of the directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 8. </FONT><U><FONT face=serif size=2>Notice of
Meetings</FONT></U><FONT face=serif size=2>. Notice of regular meetings of the
Board of Directors or of any adjourned meeting thereof need not be given. Notice
of each special meeting of the Board shall be mailed to each director, addressed
to such director at such director's residence or usual place of business, at
least two days before the day on which the meeting is to be held or shall be
sent to such director at such place by telegraph or be given personally or by
telephone, not later than the day before the meeting is to be held, but notice
need not be given to any director who shall, either before or after the meeting,
submit a signed waiver of such notice or who shall attend such meeting without
protesting, prior to or at its commencement, the lack of notice to such
director. Every such notice shall state the time and place but need not state
the purpose of the meeting. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 9. </FONT><U><FONT face=serif size=2>Rules and
Regulations</FONT></U><FONT face=serif size=2>. The Board of Directors may adopt
such rules and regulations not inconsistent with the provisions of these By-Laws
for the conduct of its meetings and management of the affairs of the Corporation
as the Board may deem necessary or proper. In the absence of the Chairman of the
Board, such person designated by the Board of Directors shall preside at
meetings of the Board.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 10. </FONT><U><FONT face=serif size=2>Participation in
Meeting by Means of Communications Equipment</FONT></U><FONT face=serif size=2>.
Any one or more members of the Board of Directors or any committee thereof may
participate in any meeting of the Board or of any such committee by means of
conference telephone or similar communications equipment by means of which all
persons participating in the meeting can hear each other, and such participation
in a meeting shall constitute presence in person at such meeting. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 11. </FONT><U><FONT face=serif size=2>Action Without
Meeting</FONT></U><FONT face=serif size=2>. Any action required or permitted to
be taken at any meeting of the Board of Directors or any committee thereof may
be taken without a meeting if all of the members of the Board or of any such
committee consent thereto in writing and the writing or writings are filed with
the minutes of proceedings of the Board or of such committee. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 12. </FONT><U><FONT face=serif size=2>Resignations</FONT></U><FONT face=serif size=2>. Any director of the
Corporation may at any time resign by giving written notice to the Board of
Directors, the Chairman of the Board, the President or the Secretary of the
Corporation. Such resignation shall take effect at the time specified therein
or, if the time be not specified, upon receipt thereof; and, unless otherwise
specified therein, the acceptance of such resignation shall not be necessary to
make it effective. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 13. </FONT><U><FONT face=serif size=2>Removal of
Directors</FONT></U><FONT face=serif size=2>. Directors may be removed only as
provided in the Restated Articles of Incorporation of the Corporation.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 14. </FONT><U><FONT face=serif size=2>Vacancies</FONT></U><FONT face=serif size=2>. Subject to the rights of
the holders of any class or series of Preferred Stock, any vacancies on the
Board of Directors resulting from death, resignation, removal or other cause
shall only be filled by the affirmative vote of a majority of the remaining
directors then in office, even though less than a quorum of the Board of
Directors, or by a sole remaining director, and newly created directorships
resulting from any increase in the number of directors shall be filled by the
Board, or if not so filled, by the shareholders at the next annual meeting
thereof or at a special meeting called for that purpose in accordance with
Section 3 of Article II of these By-Laws. Any director elected in accordance
with the preceding sentence of this Section 14 shall hold office for the
remainder of the full term of the class of directors in which the new
directorship was created or the vacancy occurred and until such director's
successor shall have been elected and qualified. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 15. </FONT><U><FONT face=serif size=2>Compensation</FONT></U><FONT face=serif size=2>. Each director who shall
not at the time also be an officer or employee of the Corporation or any of its
subsidiaries (hereinafter referred to as an "outside director"), in
consideration of such person serving as a director, shall be entitled to receive
from the Corporation such amount per annum and such fees for attendance at
meetings of the Board of Directors or of committees of the Board, or both, as
the Board shall from time to time determine. In addition, each director, whether
or not an outside director, shall be entitled to receive from the Corporation
reimbursement for the reasonable expenses incurred by such person in connection
with the performance of such person's duties as a director. Nothing contained in
this Section shall preclude any director from serving the Corporation or any of
its subsidiaries in any other capacity and receiving proper compensation
therefor. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 16. </FONT><U><FONT face=serif size=2>Committees</FONT></U><FONT face=serif size=2>. The Board of Directors
may, by resolution adopted by a majority of the entire Board, designate one or
more of its members to constitute members or alternate members of a committee.
Such committee, to the extent provided in the resolution of the Board, shall
have and may exercise the powers and authority of the Board in the management of
the business and affairs of the Corporation, including without limitation, if
such committee is so empowered and authorized in the resolution of the Board,
the power and authority to declare a dividend and to authorize the issuance of
stock, and may authorize the seal of the Corporation, if any, to be affixed to
all papers which may require it, except that no committee shall have such power
or authority in reference to: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(a) authorize dividends or other distributions, except a
committee (or an executive officer of the Corporation designated by the Board of
Directors) may authorize or approve a reacquisition of stock or other
distribution, if done according to a formula or method, or within a range,
prescribed by the Board of Directors; </FONT></P>
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<PAGE>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(b) approve or propose to shareholders action that is required
to be approved by shareholders;&nbsp;</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>(c)
fill vacancies on the Board of Directors or on any of its
committees;&nbsp;</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(d) except to the extent permitted by clause (g) below, amend
the Corporation's Restated Articles of Incorporation;&nbsp;</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>(e)
adopt, amend, repeal, or waive provisions of these By-Laws;&nbsp;</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>(f)
approve a plan of merger not requiring shareholder approval; or&nbsp;</FONT></P>
<P style="PADDING-LEFT: 15pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(g) authorize or approve the issuance or sale or a contract
for sale of stock, or determine the designation and relative rights,
preferences, and limitations of a class or series of Preferred Stock, except the
Board of Directors may authorize a committee (or an executive officer of the
Corporation designated by the Board of Directors) to take the action described
herein within limits prescribed by the Board of Directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>A majority of all the members of such committee may determine
its action and fix the time and place of its meetings, unless the Board shall
otherwise provide. The Board shall have power at any time to change the
membership of, to fill all vacancies in and to discharge any such committee,
either with or without cause. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 17. </FONT><U><FONT face=serif size=2>Mandatory
Classified Board Structure</FONT></U><FONT face=serif size=2>. The provisions of
IC 23-1-33-6(c) shall not apply to the Corporation. </FONT></P>
<P align=center><B><FONT face=serif size=2>Article IV </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Officers</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>Number; Term of
Office</FONT></U><FONT face=serif size=2>. The officers of the Corporation shall
be a Chairman of the Board, a President, one or more Vice-Presidents, one or
more of whom may be designated as Executive or Senior Vice-Presidents, a
Treasurer, a Secretary, and such other officers or agents with such titles and
such duties as the Board of Directors may from time to time determine, each to
have such authority, functions or duties as in these By-Laws provided or as the
Board may from time to time determine, and each to hold office for such term as
may be prescribed by the Board and until such person's successor shall have been
chosen and shall qualify, or until such person's death or resignation, or until
such person's removal in the manner hereinafter provided. The Chairman of the
Board shall be elected from among the directors. One person may hold the offices
and perform the duties of any two or more of said officers; provided, however,
that no officer shall execute, acknowledge or verify any instrument in more than
one capacity if such instrument is required by law, the Restated Articles of
Incorporation of the Corporation or these By-Laws to be executed, acknowledged
or verified by two or more officers. The Board may from time to time authorize
any officer to appoint and remove any such other officers and agents and to
prescribe their powers and duties. The Board may require any officer or agent to
give security for the faithful performance of such person's duties. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Removal</FONT></U><FONT face=serif size=2>. Any officer may be removed,
either with or without cause, by the Board of Directors at any meeting thereof
called for the purpose, or, except in the case of any officer elected by the
Board, by any committee or superior officer upon whom such power may be
conferred by the Board. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Resignation</FONT></U><FONT face=serif size=2>. Any officer may resign at
any time by giving notice to the Board of Directors, the Chairman of the Board,
the President or the Secretary of the Corporation. Any such resignation shall
take effect at the date of receipt of such notice or at any later date specified
therein; and, unless otherwise specified therein, the acceptance of such
resignation shall not be necessary to make it effective. </FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Vacancies</FONT></U><FONT face=serif size=2>. A vacancy in any office
because of death, resignation, removal or any other cause may be filled for the
unexpired portion of the term in the manner prescribed in these By-Laws for
election to such office. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>Chairman of the
Board</FONT></U><FONT face=serif size=2>. The Chairman of the Board shall
preside at all meetings of the Board of Directors and, if present, preside at
meetings of the shareholders. He shall have such other duties and
responsibilities as may be specified by the Board of Directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 6. </FONT><U><FONT face=serif size=2>Vice-Chairman of
the Board</FONT></U><FONT face=serif size=2>. The Vice-Chairman of the Board
shall have such power and perform such duties as the Board of Directors or the
Chairman of the Board may, from time to time, prescribe. In the absence of the
Chairman of the Board, or at the request of the Chairman of the Board, the
Vice-Chairman of the Board shall preside at meetings of the shareholders and of
the Board of Directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 7. </FONT><U><FONT face=serif size=2>President</FONT></U><FONT face=serif size=2>. The President shall be the
chief executive officer of the Corporation and as such shall have general
supervision and direction of the business and affairs of the Corporation subject
to the control of the Board of Directors. The President shall perform such other
duties as the Board may from time to time determine and shall, in the absence of
the Chairman of the Board, preside at meetings of the shareholders. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 8. </FONT><U><FONT face=serif size=2>Vice-Presidents</FONT></U><FONT face=serif size=2>. Each Vice-President
shall have such powers and duties as shall be prescribed by the President or the
Board of Directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 9. </FONT><U><FONT face=serif size=2>Treasurer</FONT></U><FONT face=serif size=2>. The Treasurer shall perform
all duties incident to the office of Treasurer and such other duties as from
time to time may be assigned to the Treasurer by the President or the Board of
Directors. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 10. </FONT><U><FONT face=serif size=2>Secretary</FONT></U><FONT face=serif size=2>. The Secretary shall see
that all notices required to be given by the Corporation are duly given and
served; the Secretary shall have charge of the stock ledger and also of the
other books, records and papers of the Corporation and of its corporate seal, if
any, and shall see that the reports, statements and other documents required by
law are properly kept and filed; and shall in general perform all the duties
incident to the office of Secretary and such other duties as from time to time
may be assigned to such person by the President or the Board of Directors.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 11. </FONT><U><FONT face=serif size=2>Assistant
Treasurers or Secretaries</FONT></U><FONT face=serif size=2>. The Assistant
Treasurers and the Assistant Secretaries, if any, shall perform such duties as
shall be assigned to them by the Treasurer or Secretary, or by the President or
the Board of Directors. </FONT></P>
<P align=center><B><FONT face=serif size=2>Article V </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Indemnification of Directors,
Officers,</FONT></U></B><B><FONT face=serif size=2> <BR></FONT></B><B><U><FONT face=serif size=2>Employees and Agents</FONT></U></B><B><FONT face=serif size=2>
</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>Indemnification</FONT></U><FONT face=serif size=2>. To the fullest extent
permitted by the laws of the State of Indiana, the Corporation shall indemnify
any person who is or was a party, or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than an action by or in the
right of the Corporation) by reason of the fact that such person is or was a
director or officer of the Corporation, or is or was serving at the request of
the Corporation as a director or officer of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with such action, suit or proceeding,
including appeals.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Advance of
Expenses</FONT></U><FONT face=serif size=2>. To the fullest extent permitted by
the laws of the State of Indiana, the Corporation shall pay expenses incurred in
defending a civil or criminal action, suit or proceeding described in Section 1
of this Article V in advance of the final disposition of such action, suit or
proceeding upon receipt of an undertaking by or on behalf of the director,
officer, employee or agent to repay such amount if it shall ultimately be
determined that such person is not entitled to be indemnified by the
Corporation.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Insurance</FONT></U><FONT face=serif size=2>. The Corporation may
purchase and maintain insurance on behalf of any person who is or was a
director, officer, employee or agent of the Corporation, or is or was serving at
the request of the Corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise
against any liability asserted against such person and incurred by such person
in any such capacity, or arising out of such person's status as such, whether or
not the Corporation would have the power to indemnify such person against such
liability under the provisions of this Article V. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Applicability</FONT></U><FONT face=serif size=2>. The provisions of this
Article V shall be applicable to all actions, claims, suits or proceedings made
or commenced after the adoption hereof, whether arising from acts or omissions
to act occurring before or after its adoption. The provisions of this Article V
shall be deemed to be a contract between the Corporation and each director,
officer, employee or agent who serves in such capacity at any time while this
Article V and the relevant provisions of the laws of the State of Indiana and
other applicable law, if any, are in effect, and any repeal or modification
thereof shall not affect any rights or obligations then existing with respect to
any state of facts or any action, suit or proceeding then or theretofore
existing, or any action, suit or proceeding thereafter brought or threatened
based in whole or in part on any such state of facts. If any provision of this
Article V shall be found to be invalid or limited in application by reason of
any law or regulation, it shall not affect the validity of the remaining
provisions hereof. The rights of indemnification provided in this Article V
shall neither be exclusive of, nor be deemed in limitation of, any rights to
which any such officer, director, employee or agent may otherwise be entitled or
permitted by contract, the Restated Articles of Incorporation, vote of
shareholders or directors or otherwise, or as a matter of law, both as to
actions in his official capacity and actions in any other capacity while holding
such office, it being the policy of the Corporation that indemnification of the
specified individuals shall be made to the fullest extent permitted by law.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>Certain
Definitions</FONT></U><FONT face=serif size=2>. For purposes of this Article V,
references to "other enterprises" shall include employee benefit plans;
references to "fines" shall include any excise taxes assessed on a person with
respect to an employee benefit plan; references to "serving at the request of
the Corporation" shall include any service as a director, officer, employee or
agent of the Corporation which imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan,
its participants or beneficiaries.</FONT></P>
<P align=center><B><FONT face=serif size=2>Article VI </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Capital
Stock</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>Certificates for
Shares</FONT></U><FONT face=serif size=2>. Shares of stock of each class of the
Corporation may be issued in book-entry form or evidenced by certificates.
However, every holder of shares in the Corporation shall be entitled upon
request to have a certificate evidencing the shares owned by the shareholder,
signed in the name of the Corporation by the Chairman of the Board, the Chief
Executive Officer, President or a Vice President and the Secretary or an
Assistant Secretary, certifying the number of shares owned by the shareholder in
the Corporation. The signatures of such officers, the signature of the transfer
agent and registrar, and the seal of the Corporation, if any, may be facsimiles.
In case any officer or employee who shall have signed, or whose facsimile
signature or signatures shall have been used on, any certificate shall cease to
be an officer or employee of the Corporation before the certificate shall have
been issued and delivered by the Corporation, the certificate may nevertheless
be adopted by the Corporation and be issued and delivered as though the person
or persons who signed the certificate or whose facsimile signature or signatures
shall have been used thereon had not ceased to be such officer or employee of
the Corporation; and the issuance and delivery by the Corporation of any such
certificate shall constitute an adoption thereof. Every certificate shall state
on its face (or in the case of book-entry shares, the statements evidencing
ownership of such shares shall state) the name of the Corporation and that it is
organized under the laws of the State of Indiana, the name of the person to whom
it is issued, and the number and class of shares and the designation of the
series, if any, the certificate represents, and shall state conspicuously on its
front or back that the Corporation will furnish the shareholder, upon written
request and without charge, a summary of the designations, relative rights,
preferences and limitations applicable to each class and the variations in
rights, preferences and limitations determined for each series (and the
authority of the Board of Directors to determine variations for future series).
Every certificate (or book-entry statement) shall state whether such shares have
been fully paid and are non-assessable. If any such shares are not fully paid,
the certificate (or book-entry statement) shall be legibly stamped to indicate
the percentum which has been paid up, and as further payments are made thereon,
the certificate shall be stamped (or book-entry statement updated) accordingly.
Subject to the foregoing provisions, certificates representing shares in the
Corporation shall be in such form as shall be approved by the Board of
Directors. There shall be entered upon the stock books of the Corporation at the
time of the issuance or transfer of each share the number of the certificates
representing such share (if any), the name of the person owning the shares
represented thereby, the class of such share and the date of the issuance or
transfer thereof.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The stock ledger and blank share certificates shall be kept by
the Secretary or by a transfer agent or by a registrar or by any other officer
or agent designated by the Board. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Transfer of
Shares</FONT></U><FONT face=serif size=2>. Transfers of shares of stock of each
class of the Corporation shall be made only on the books of the Corporation by
the holder thereof, or by such holder's attorney thereunto authorized by a power
of attorney duly executed and filed with the Secretary of the Corporation or a
transfer agent for such stock, if any, and on surrender of the certificate or
certificates, if any, for such shares properly endorsed or accompanied by a duly
executed stock transfer power and the payment of all taxes thereon. The person
in whose name shares stand on the books of the Corporation shall be deemed the
owner thereof for all purposes as regards the Corporation; provided, however,
that whenever any transfer of shares shall be made for collateral security and
not absolutely, and written notice thereof shall be given to the Secretary or to
such transfer agent, such fact shall be stated in the entry of the transfer. No
transfer of shares shall be valid as against the Corporation, its shareholders
and creditors for any purpose, except to render the transferee liable for the
debts of the Corporation to the extent provided by law, until it shall have been
entered in the stock records of the Corporation by an entry showing from and to
whom transferred. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Addresses of
Shareholders</FONT></U><FONT face=serif size=2>. Each shareholder shall
designate to the Secretary or transfer agent of the Corporation an address at
which notices of meetings and all other corporate notices may be served or
mailed to such person, and, if any shareholder shall fail to designate such
address, corporate notices may be served upon such person by mail directed to
such person at such person's post office address, if any, as the same appears on
the share record books of the Corporation or at such person's last known post
office address. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Lost, Destroyed
and Mutilated Certificates</FONT></U><FONT face=serif size=2>. The holder of any
share of stock of the Corporation shall immediately notify the Corporation of
any loss, theft, destruction or mutilation of the certificate therefor; the
Corporation may issue to such holder a new certificate or certificates for
shares, upon the surrender of the mutilated certificate or, in the case of loss,
theft or destruction of the certificate, upon satisfactory proof of such loss,
theft or destruction; the Board of Directors, or a committee designated thereby,
or the transfer agents and registrars for the stock, may, in their discretion,
require the owner of the lost, stolen or destroyed certificate, or such person's
legal representative, to give the Corporation a bond in such sum and with such
surety or sureties as they may direct to indemnify the Corporation and said
transfer agents and registrars against any claim that may be made on account of
the alleged loss, theft or destruction of any such certificate or the issuance
of such new certificate. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>Regulations</FONT></U><FONT face=serif size=2>. The Board of Directors
may make such additional rules and regulations as it may deem expedient
concerning the issue and transfer of certificates representing shares or
book-entry shares of stock of each class of the Corporation and may make such
rules and take such action as it may deem expedient concerning the issue of
certificates in lieu of certificates claimed to have been lost, destroyed,
stolen or mutilated. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 6. </FONT><U><FONT face=serif size=2>Fixing Date for
Determination of Shareholders of Record</FONT></U><FONT face=serif size=2>. In
order that the Corporation may determine the shareholders entitled to notice of
or to vote at any meeting of shareholders or any adjournment thereof, or
entitled to receive payment of any dividend or other distribution or allotment
or any rights, or entitled to exercise any rights in respect of any change,
conversion or exchange of stock or for the purpose of any other lawful action,
the Board of Directors may fix, in advance, a record date, which shall not be
more than 70 days before the date of such meeting. A determination of
shareholders entitled to notice of or to vote at a meeting of the shareholders
shall apply to any adjournment of the meeting unless the Board of Directors
fixes a new record date, which it must do if the adjourned meeting is not within
120 days of the date fixed for the original meeting. </FONT></P>
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<P align=center><B><FONT face=serif size=2>Article VII </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Fiscal Year</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The fiscal year of the Corporation shall be determined by
resolution of the Board of Directors. In the absence of such a resolution, the
fiscal year of the Corporation shall end on the Saturday nearest January 31 of
each year. </FONT></P>
<P align=center><B><FONT face=serif size=2>Article VIII </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Waiver of
Notice</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Whenever any notice whatsoever is required to be given by
these By-Laws, by the Restated Articles of Incorporation of the Corporation or
by law, the person entitled thereto may, either before or after the meeting or
other matter in respect of which such notice is to be given, waive such notice
in writing, which writing shall be filed with or entered upon the records of the
meeting or the records kept with respect to such other matter, as the case may
be, and in such event such notice need not be given to such person and such
waiver shall be deemed equivalent to such notice. </FONT></P>
<P align=center><B><FONT face=serif size=2>Article IX </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Amendments</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Any By-Law (other than this Article IX) may be adopted,
repealed, altered or amended by a majority of the entire Board of Directors at
any meeting thereof, provided that such proposed action in respect thereof shall
be stated in the notice of such meeting. </FONT></P>
<P align=center><B><FONT face=serif size=2>Article X </FONT></B></P>
<P align=center><B><U><FONT face=serif size=2>Miscellaneous</FONT></U></B><B><FONT face=serif size=2> </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 1. </FONT><U><FONT face=serif size=2>Execution of
Documents</FONT></U><FONT face=serif size=2>. The Board of Directors or any
committee thereof shall designate the officers, employees and agents of the
Corporation who shall have power to execute and deliver deeds, contracts,
mortgages, bonds, debentures, notes, checks, drafts and other orders for the
payment of money and other documents for and in the name of the Corporation and
may authorize such officers, employees and agents to delegate such power
(including authority to redelegate) by written instrument to other officers,
employees or agents of the Corporation. Such delegation may be by resolution or
otherwise and the authority granted shall be general or confined to specific
matters, all as the Board of Directors or any such committee may determine. In
the absence of such designation referred to in the first sentence of this
Section, the officers of the Corporation shall have such power so referred to,
to the extent incident to the normal performance of their duties. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 2. </FONT><U><FONT face=serif size=2>Deposits</FONT></U><FONT face=serif size=2>. All funds of the Corporation
not otherwise employed shall be deposited from time to time to the credit of the
Corporation or otherwise as the Board of Directors or any committee thereof or
any officer of the Corporation to whom power in that respect shall have been
delegated by the Board of Directors or any such committee shall select.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 3. </FONT><U><FONT face=serif size=2>Checks</FONT></U><FONT face=serif size=2>. All checks, drafts and other
orders for the payment of money out of the funds of the Corporation, and all
notes or other evidences of indebtedness of the Corporation, shall be signed on
behalf of the Corporation in such manner as shall from time to time be
determined by resolution of the Board of Directors or of any committee thereof.
</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 4. </FONT><U><FONT face=serif size=2>Proxies in
Respect of Stock or Other Securities of Other Corporations</FONT></U><FONT face=serif size=2>. The Board of Directors or any committee thereof shall
designate the officers of the Corporation who shall have authority from time to
time to appoint an agent or agents of the Corporation to exercise in the name
and on behalf of the Corporation the powers and rights which the Corporation may
have as the holder of stock or other securities in any other corporation, and to
vote or consent in respect of such stock or securities; such designated officers
may instruct the person or persons so appointed as to the manner of exercising
such powers and rights; and such designated officers may execute or cause to be
executed in the name and on behalf of the Corporation or otherwise, such written
proxies, powers of attorney or other instruments as they may deem necessary or
proper in order that the Corporation may exercise its said powers and rights.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 5. </FONT><U><FONT face=serif size=2>By-Laws Subject
to Law and Restated Articles of Incorporation of the Corporation</FONT></U><FONT face=serif size=2>. Each provision of these By-Laws is subject to any contrary
provision of the Restated Articles of Incorporation of the Corporation or of any
applicable law as from time to time in effect, and to the extent any such
provision is inconsistent therewith, such provision shall be superseded thereby
for as long as it is inconsistent, but for all other purposes of these By-Laws
shall continue in full force and effect. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section 6. </FONT><U><FONT face=serif size=2>Definition of
Restated Articles of Incorporation</FONT></U><FONT face=serif size=2>. The term
"Restated Articles of Incorporation" as used in these By-Laws means the Restated
Articles of Incorporation of the Corporation as from time to time in
effect.</FONT><FONT face=serif> </FONT></P>
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