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<br />Section 3. Notice and Waiver of Notice. Whenever any notice other than public
<br />notiGe of a meeting given to comply with the Open Meetings Ad, is required to be given
<br />under the provisions of these Bylaws, such notice shall be deemed to be sufficient if given
<br />by depositing the same in a post office box in a sealed postpaid wrapper addressed to the
<br />person entitled thereto at his, or her post office address, as it appears on the books of the
<br />Authority, and such notice shall be deemed to have been given on the day of such mailing.
<br />A waiver of notice, signed by the person or persons entitled to said notice, whether before
<br />or after the time stated therein, shall be deemed equivalent thereto.
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<br />Section 4. Resignations. Any Director or officer may resign at any time. Such
<br />resignations shall be made in writing and shall take effed at the time specified therein, or, if
<br />no time be specified, at the time ,of its receipt. by the President or Secretary. The
<br />acceptance of a resignation shall not be necessary to make it effedive, unless expressly so
<br />provided in the resignation.
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<br />Section 5. Gender. References herein to the mascu'ine gender shall also refer
<br />to the feminine in all appropriate cases and vice versa.
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<br />, Section 6. Appropriations and Grants. The Authority shall have the power to
<br />request and accept any appropriation, grant, contribution, donation, or other form of aid
<br />from the federal government, the State, any political subdivision, or municipality in the
<br />State, or from any other source.
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<br />ARTICLE V
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<br />INDEMNIFICATION OF DIRECTORS AND OFFICERS
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<br />Section 1. Right to Indemnification. Subjed to the limitations and conditions as
<br />provided in this Article V and the Micles of Incorporation, each person who was or is made
<br />a party or is threatened to be made a party to or .is involved in any threatened, pending or
<br />completed adion, suit or proceeding, whether civil, criminal, administrative, arbitrative or
<br />investigative (hereinafter a "proceeding"), or any appeal in such a proceeding or any inquiry
<br />or investigation that could lead to such a proceeding, by reason of the fad that he or she, or
<br />a person of whom he or she is the legal representative, is or was a Director or officer of the
<br />'Authority or while a Director or officer of the Authority is or was serving at the request of the
<br />Authority as a director, officer, partner, venturer, proprietor, trustee, employee, agent or
<br />similar functionary of another foreign or domestic corporation, partnership, joint venture,
<br />sole proprietorship, trust, employee benefit plan or other enterprise shall be indemnified by
<br />the Authority to the fullest,extent permitted by the Texas Non-Profit Corporation Act, as the
<br />same exists or may hereafter be amended (but, in the case of any such amendment, only to
<br />the extent that such amendment permits the Authority to, provide broader irydemnification
<br />rights than said law permi~ed the Authority to provide pr~or to such amend~ent) against
<br />judgments, penalties (including excise and similar taxes and punitiye damages), fines,
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