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Exhibit-B <br /> i <br /> BY-LAWNS OF <br /> WAIIviEA PRESERVATION ASSOCIATION <br /> ARTICLE I <br /> PURPOSES AND T4QN-PR* 'QFlT CHARACTER. <br /> SECTION I.I. P oses. Tile purposes ofthe Corporation shall be as <br /> specifically set forth in Article IM of the Ake cfes ofIncotpo�adon. <br /> SECTION 1.2, Non--Vtofit Character. '�he cot' tatadon shall be a non-profit <br /> corporaiaan, and any net income or earnings which may be derived from its operations, in� <br /> psuance of the purposes of the cazpbration;shall not be distributed to any member, <br /> director, or officer of the corporation, or any private individual,but shall be used to <br /> Promote the putpases of the corporation. <br /> ARTICLE U <br /> PRINCIPAL OFFICE <br /> SECTION 2.1. Principol Office. The principal office of the corporation <br /> shall be maintained at the Waimea Visitors Center,Karnuela,Hawaii or at such other <br /> place within the State of Hawaii as the Board of Directors shall from time to time <br /> determine. <br /> SECTION 2.2. P Lac of Meetiaes. .A11 meetings of the members and of the <br /> Board of Directors shall be held at the .principal office of the corporation,unless same <br /> other place is stated in the call. Any meeting,regular or special,of the Board of . <br /> i <br /> i <br />