Neiman Marcus 2002 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2002 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 175

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175

Section 3. Resignations and Removals. Any director or officer may resign at any time by delivering his resignation in
writing to the Chairman of the Board of Directors, the President or the Secretary or to a meeting of the Board of Directors. Such
resignation shall take effect at the time stated therein, or if no time be so stated then upon its delivery, and without in either case the
necessity of its being accepted unless the resignation shall so state. The Board of Directors may at any time remove from office any
officer either with or without cause.
Section 4. Chairman of the Board of Directors. The Chairman of the Board of Directors shall preside at all meetings of
the stockholders and of the Board of Directors.
Section 5. President. The President shall, subject to the control of the Board of Directors, have general supervision of the
business of the Corporation. The President shall also perform such other duties and may exercise such other powers as from time to
time may be assigned to him by the Board of Directors.
Section 6. Vice-Presidents. Any Vice-President shall have such duties and powers as shall be designated from time to time
by the Board of Directors or the President.
Section 7. Treasurer and Assistant Treasurer. The Treasurer shall be in charge of the Corporation's funds and valuable
papers. He shall have such other duties and powers as may be designated from time to time by the Board of Directors or the President.
Any Assistant Treasurers shall have such duties and powers as shall be designated from time to time by the President or the
Treasurer.
Section 8. Controller and Assistant Controllers. The Controller shall be the chief accounting officer of the Corporation
and shall be in charge of its books of account and accounting records and of its accounting procedures. He shall have such other duties
and powers as may be designated from time to time by the Board of Directors or the President.
Any Assistant Controllers shall have such duties and powers as shall be designated from time to time by the President or the
Controller.
Section 9. Secretary and Assistant Secretaries. The Secretary shall record all the proceedings of the meetings of the
stockholders, of the Board of Directors and of committees of the Board of Directors, in books kept for that purpose. In his absence
from any such meeting an Assistant Secretary or if there be none or he is absent, a temporary Secretary chosen at the meeting shall
record the proceedings thereof.
Any Assistant Secretaries shall have such duties and powers as shall be designated from time to time by the President or the
Secretary.
Section 10. Other Officers. Such other officers as the Board of Directors may choose shall perform such duties and have
such powers as from time to time may be assigned to them by the Board of Directors. The Board of Directors may delegate to any
other office of
7