This excerpt taken from the LANC DEF 14A filed Oct 15, 2008.
APPROVAL AND ADOPTION OF AMENDMENTS TO THE CODE OF REGULATIONS
In August 2008, the Board of Directors also unanimously recommended that the Corporations shareholders approve and adopt the amendments to the Corporations Code of Regulations described below. The proposed amendments are separated into four proposals to allow shareholders to focus and vote on each significant change. Each proposal will be voted upon separately, and the approval or rejection of one proposal will not affect the approval or rejection of any other proposal. The proposed amendments are incorporated into a draft Amended and Restated Code of Regulations of the Corporation, a copy of which is attached as Appendix B and marked to show the proposed changes. If approved, Proposal Five will change Sections 1.06 and 1.07 of the Code of Regulations. If approved, Proposal Six will change Section 1.08 of the Code of Regulations. If approved, Proposal Seven will change Section 2.03. If approved, Proposal Eight will change Section 7.03 of the Code of Regulations. The remaining changes are technical, non-substantive changes that may be necessary if Proposals Five, Six, Seven or Eight are approved.