Proxy Committee

The Board shall, by a two-thirds vote, elect a Proxy Committee for the Regular Ticket (as hereinafter defined) of five members of the Society and designate the Chairman thereof, and such election shall be held not later than the regular meeting of the Board held in May following the annual meeting. Except with respect to former Presidents of the Society, who may be ex-officio members of the Board of Managers, neither officers nor members of the board of Managers shall be eligible for election to the Proxy Committee for the Regular Ticket by the Board of Managers.