Weekly Trinity journal., 1857-10-17
Northern Telegraph Company.
BYLAWS.

capital stock cf One Hundred Thousand Dollars,
divided into shares Of One Hundred Dollars each,
and represented by certificates of shares Slgned
by thc'Presidcut and counterSigntd by the &C.
retary of the Company.
ART. ID. Each share Of stock shall cnjtIe the
owner thereof to one vote, in person or by wit
ten proxy, at any meeting OF stockholders, ana
vote of q majority of the stock represented at
such meeting on all matters Of business or cleo
tion of officers shall be valid and binding; Pro
vid,d. however, that 4 vote OF two-thlrds OF all
the stock Of the Company shall be necessary for
an increase or dimnut,on Of tie amount of capi-
tai stock. in case Ola "tc" in any vote Of stock
holders. the President may cast deciding vote.
ART. Sd. The officers OF the Company shall be
81, ctCd annually, on the second Thursday OF Oc-
tober, consisting Of five Directors, Pres dent.
(who shall be one Of the five Dir. ctors) a Snper-
intcndent, Secretary and Treasurer Said officers
to hold Office for one year. IHrce Directors shall
constitute Board Of quorum for the transaction
of business. and any decision by majority Of
such Board shall be valid and binding In case
Of failure to elect any or all Of such officers on the
day appointed for such election. the meeting may
be adi0urncd from time to time. until the election
be complete, in which case ali the acts Of those
remaining in Office, whose term of Office shall
have expired by limitation. shall be valid and
binding until their successors shall be elected
and qualified. No person shall be eligible to of
solucly and in his own right, or a subscriber to
the Stock OF the Company
ART. 4th In case Of vacancy by resignation.
deccase or otherwise, of any officer OF the Com
pany. the Directors shall have power to fiji the
vacancy by reelection until the next annual
meeting Of the stockholders. No Director shall
vote 10y proxy but may vote by telegraph. No
officer member or agent Of this Company shall
have power to incur any debt or pccnniary obli-
puIiDu fpr in ihp M "a fbp EomOnUV ipNCrDt
for ordinary expenses Of the luc,) without the
approval of the Board Of Directors.
ART. 5th The stock OF the Company shall be
transferable hy endorsement and surrender OF the
certificate to the Secretary to he transferred on
tie looks OF the Company. Any stockholder
may pledge his stock by delivery OF the Ger
tlicateS or other evidences Of his interest, bat no
transfer shall be valid except bntwccn the parties
thereto. unl' the same shall have been so en-
tered on the books OF the Company aS to show
the names oi the parties hy whom and TO whom
ira s.erred, the number and designation of the
shares, aud the dlte of the transfer; aud no per
son. holding stock in trust or in pltdgr hy by
pohecatl0n or otherwise. shall be cntitl Ia Not,
with such stock uni. - lh' same be + cord d on
th" books of tho Company ht the y rsoA in
whose name such stock slaad' recorded on the
books Of the Company may represent the same at
ali meetings 0t siockhUldr rs, and vote according
ly MS a stockhold +.
ART 9th. 1t shall BE- the du'y of the Directors
TO exercise general sup rviS.on over the affairs
"l the Company TO examine into and ascertain
lis financial condition, aad report the same to
the stockho'd Is at any regular meeting of the
same to clare vdends nj such p rjod~ As
they may deem most oXPcdirnt. and fix tn sala
rieS OF the officers OF the Company, and issue all
stock
ART 9Th. 1t shah be the duty of the President
to preside at all meetings OF the stockhold rs and
Directors. lie shall call call all mcetiggS Of the
DH' ctorS by giving notice in writing or in per-
son, and shall call special meetings ot the stock
holders whenever emergencies may r,quirr it, or
whenever requested SO to do ly Stockholders
owning or representing oUe-thhd or more of the
STOCK ol the Company, and If he shall neglect or
ryinse to act in this matter, then the Secretary
shall have power 10 call such meeting. He shall
also, IN connection Win the $ crptaly, aud'd and
approve, ly c"unl'rs'Gnilg, all proper claims or
demands against the Company ana in case Of
disagreement between the President and Secrtta-
ry IN regard to The allowance Of any claim or
d'mand. or any part thereof the matter shall be
Suhmitt Il to the Board of Dir ctors at their first
me- ting thereafter. whose does shall hr flal
and the claim or demand shall BE- aud ted and
paid accordingly No cllm or demand shall he
pad until the same shall have hoon audited ar d
approved ; Provided. however, the Supcriutcnd.
rht and anthoriZ d Agents OF the COMPANY NAV
make payments in the ordinary di-chargc Of thair
dulIes chargealle TO tn Company. VIII ch shall lie
cnbmc d in their monthly account, and If ap-
proved by the auditing officers snail bc allowed
in settlement He shall also sign all certificates
ot stock Issued by authority of the Board Of Di-
rrCturS.
ART Sth. 1t shall'hc the duty Of the SHperin-
tehdeht to prepare aud arrange tariffs of Char@ca
which he may alter or amend as he may deem
propr, subject to the approval Of the Board of
Directors; appoint and employ all officers aud
agents not herein specially provided for, and di-
rect the duties of such officers and agents and in
turn dismiss them when expedent He shall
make all necessary rules and regulations, and
generally superintend the administrative CON
Germs of The company
Art. 9th. 1t Shall be the duty of the Secretary
to keep and preserve a record of all the proceed
ings of the stockholders and Directors at their
meetings, which shall be laid before the stock
holders at their next meeting, and the same shall
be open at all times during the business hours of
the CO., to the inspection Of stockholders. lie
shall keep correct account of all receipts and
expenditures of the line, and all transfers of stock
showing by whom and to whom transferred and
the date of the transfer and countersign all stock
Slgncd'hy the PRESIDENT and record all stock is
sued hy the Company, showing the date of the
record and TO whom issued, and shall prepare and
present To the Directors monthly statement of
the financial condition of all the Offices
AMI lOtH' ~ SUuil bt Tue NliY OF me Irp0SlI
rer to receive from the Secretary, each week. all
money received by him on the week previous
and shall receipt to him for the same, and shall
pay all bills approved by the auditing officers and
Keep correct account Of all his receipts and
disbursements. and report the same to the Board
OF Directors at such times as the Directors may
determine
ART nth. Any Director who shall neglect or
refuse TO attend three successive meetings of the
Directors, without a sufficient excuse therefor.
shall forfeit his office, aud another be elected in
his stead
ART. l2th. The Secretary and Treasurer shall
Give such bonds for the faithful performance of
their duties, as shall be approved hy the Board of
Directors.
ART 18th. These bylaws, or any portion of
them, may be altered or amended at any regular
meeting of the stockholders. hy vote of two.
thirds OF all the stock oi the Company. Notice
OF all meetings Of the stockholders shall be given
at least ten days previous to the timo of such
meeting, by advertisement in one or more news
papers.
ACCIDENT TO THE GOLDEN GATF.-The Golden