Merchants Bancshares Inc Watch

from 425 2 pages Amendment to Amended and Restated By-Laws of Merchants Bancshares, Inc

from 8-K 2 pages Amendment to Amended and Restated By-Laws of Merchants Bancshares, Inc

from 10-K 15 pages Amended and Restated Bylaws of Merchants Bancshares, Inc

from 10-K 11 pages Certificate of Incorporation of Merchants Bancshares, Inc

from 8-K 9 pages Bylaws of Merchants Bancshares, Inc. a Delaware Corporation

from 10-K 1 page 4. the Aforesaid Amendment Was Duly Adopted in Accordance With the Provisions of Section 242 of the General Corporation Law of the State of Delaware. in Witness Whereof, Merchants Bancshares, Inc. Has Caused This Certificate of Amendment to Be Signed by Joseph L. Boutin, Its President, and Attested by Lisa A. Razo, Its Secretary, This 28th Day of August, 2006. Merchants Bancshares, Inc. By: /S/ Joseph L. Boutin President Attested By: By: /S/ Lisa A. Razo Secretary

from 10-K 1 page 4. the Aforesaid Amendment Was Duly Adopted in Accordance With the Provisions of Section 242 of the General Corporation Law of the State of Delaware. in Witness Whereof, Merchants Bancshares, Inc. Has Caused This Certificate of Amendment to Be Signed by Joseph L Boutin, Its President, and Attested by Lisa A. Razo, Its Secretary, This 28th Day of August, 2006. Merchants Bancshares, Inc. By: /S/ Joseph L. Boutin President Attested By: By: /S/ Lisa A. Razo Secretary

from 10-K 1 page In Witness Whereof, Merchants Bancshares, Inc., Has Caused This Certificate of Amendment to Be Signed by Dudley H. Davis Its President and Attested by Susan D. Struble, Its Secretary, This 24th Day of April A.D. 1991. Merchants Bancshares, Inc. By: /S/ Dudley H. Davis President Attested By: /S/ Susan D. Struble Secretary

from 10-K ~5 pages Articles of Incorporation or Bylaws

from 10-K 1 page Name State of Incorporation Merchants Bancshares, Inc. Delaware Merchants Bancshares, Inc. Vermont