BYLAWS OF [...] INSTITUTE FOR POLICY RESEARCH, INC.ARTICLE I: PRINCIPAL OFFICE AND REGISTERED AGENT
Principal Office. The principal office of the
Institute for Policy Research, Inc., a non- profit corporation incorporated under the laws of the State of Maryland (hereinafter, the'Institute'), shall be in the State of Maryland.
Other Offices. The Institute may have such other office or offices at such suitable placeor places within or without the State of Maryland as may be designated from time to time by the Board of Directors of the Institute.
Registered Agent. The Institute shall have and continuously maintain in service aregistered agent in the State of Maryland, who shall be an individual resident of the Stateof Maryland or a corporation, whether for profit or not for profit.
ARTICLE II: PURPOSES
The purposes of the Institute, subject to the limitations of Article VIII hereof, are to advanceeducation, and to further other charitable, educational, and scientific purposes, in the field of the promotion of free enterprise, limited government and personal responsibility as pertaining toMaryland and the United States; to publish, to conduct seminars, and to engage in research infurtherance of such purposes; and the Institute shall be empowered to engage in such other andfurther means as may be necessary and proper to accomplish the foregoing objects and purposes.
ARTICLE III: BOARD OF DIRECTORS
General Authority. There shall be a Board of Directors of the Institute, which shallmanage, supervise and control the business, property and affairs of the Institute. TheBoard of Directors shall be vested with the powers to appoint and remunerate agents andemployees, to disburse the funds of the Institute, and to adopt such rules and regulationsfor the conduct of its business, responsibility and authority as shall be deemed advisable,insofar as such delegation of authority is not inconsistent with or repugnant to the