Article X. Amendments.

These By-Laws may be altered or amended at any meeting of the stockholders duly convened, or at any annual meeting, provided notice that an amendment will be offered shall have been given in the notice for the meeting. No change shall be made in these By-Laws except by vote of two-thirds of the stock represented at such meeting.

APPENDIX III
Tables Showing Work and Growth, Income and Valuation of Property of the Octavia Hill Association