PANSERCO INC
William R. Whitteker            21 Country Lane  Amma  WV  USA   25005
wwhitt@panserco.com            ENGLISH ONLY              1 304 565 3288
                             RAISING THE WORLD TO A NEW, HIGHER LEVEL
PANSERCO  CORPORATION  
A.  Corporate Board                
B.                                                
C.  Assistants                           
D.  Summary                           
E.  Recognition                                           
F.  Services                                          
G.  Municipality                                                                                            
H.  Regional                                              
I.   Divisional
J.  Trade
K.  Affiliates
ARTICLE   XIX   Labor
B.   Salary
E.   Profits
F.   Provisions
G.   Promotions
H.   Seniority
I.    Timestudy
   
ARTICLE  XX  Finances
A.  Financial Statement 
B.  Budget
C.  Taxes
D.  Trust Account
E.  Family Trust
F.   Structural Equity
G.  Dividends
H.  Residuals