) 1 futilictance and not in il'mitation of the pcnters confexteil by th•mlaws of Isfands, and subject at rah times to. the provisions:thereof, the Board.of Direcrote eqtressly arni- hoilted and cmpowerixt To make, mivpi and amend the by-laws of the Costtoration,,subject t9 the pnwors cif the stotikhnIdentio eli