Volcano weekly ledger., 1856-07-05
BYLAWS.

City Ditch Company do hereby agree to the
following Bylaws:
|. The officers of this company shall con-
sist Of Five Trustees, who shall, on their or
gauization proceed to elect from their body,
President and appoint fit and proper per-
sons to discharge the duties of Secretary and
Treasurer
g. 1t shall be the duty of the President to
preside at all meetings of the stockholders
or trustees, and with the trustees shall exer-
else the general supervision and management
of the affairs of the company.
g. 1t shall be the duty of the Secretary to
keep a record of the proceedings Of the
Board of Trustees and stockholders at their
regular meetings, which record shall at all
times be open to the inspection of any stock
holder of the company
a. 1t shall be the duty of the Treasurer of
the company to keep regular and systematic
accounts of all the financial affairs of the
company; he shall receive all assessments, in
comes and moneys that may be due the com
pany, give his receipt therefore, and disburse
the same as the board may Direct he shall
make settlement of his books semi-annually
and as much oftener as the Trustees may re-
quire, and advertise what dividends or profits
may be made.
| 5. There shall be general meeting Of the
stockholders on the oath day of June of each
year, at which time shall be an election Of
Trustees for the ensuing year, and special
meetings of the stockholders shall be held as
often as the board of Trustees may direct.
6. Questions coming before the stockhold-
ers at any of the meetings, may be, by COM
mon consent, decided by the ayes and noes
If any stakeholder dissent from that mode
the question shall be decided by ballot-vo-
ting by shares.
I. The Trustees shall determine and fix
the compensation of their officers and agents
they shall declare all dividends, allow all ac-
counts, adjust and settle all just claims ON the
company, superintend the acts of the differ
ent officers and agents appointed or employ
ed by them, and take all necessary measures
and precautions for the interest of the stock
holders
g. -Four Trustees shall constitute quorum
for the transaction of all ordinary business
g. The stock shall be represented by GER
tifcate, signed by the President and Secreta-
ry and countersgned by the Treasurer
10. No certificate of stock shall be signed
by the President until the same shall be
countersigned by the Treasurer, and it shall
be the duty of the President to keep re-
cord of such certificates assigned, noting the
number of the same, the number of shares
embraced, and the date when issued.
IL. The Treasurer shall not issue any ccr-
tifcate of stock for the Presidents signature
or countersign the same unless the whole val
ne thereof shall have been paid
II. In issuing in the place of those present
ed for cancelling, the President shall not
sign such until the original shall have been
placed in his hands, cancelled by the Treasur
er, ihe shall keep the same on file and
present them at every meeting of the Trus-
tees, together with his record, as specified in
article 10th of the Bylaws.
l3 The Treasurer shall be required to
give bond with good and sufficient sureties,
in the sum of twenty thousand dollars for the
faithful performance of the duties of his Of
fee, and the same to be approved by the
Trustees, and be deposited in the President,
or his individual bond, with good and sufii-
Gent collateral surities, subject to the same
approval.
IA Regular meetings of the Trustees
shall be on the first Monday of each week,
and special meetings may be held upon the
call of the President and by notice not
less than "a hours served upon not less
than four Trustees personally; no meetings
held otherwise than the above specified, shall
be regular or lawful.
Is. No bill shall be paid by the Treasur-
er unless the same have been duly allowed
and audited by the board of Trustees.
;16. No alterations, additions or amend
ments to these Bylaws shall be made ex-
cept at full meeting Of the board Of Trus-
tees, and upon the assent of four members
thereof
AMENDMENTs.--In case of sickness, resig-
nation or removal Of any of the officers, such
vacancy shall be filled by appointment of the
board Of Trustees.