Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1865-03-02
B LA w 8
For the HOlmeSC Co. Oil & Mineral Company

place the books papers aud property Of aid
Company shall be kept, its meetings held
and is business transacted
That the following shall be tie officers
Of said Board ofDrcctors A President.
Secretary and Treasurer They shall be
elected by ballot, and shall hold their Offices
during the time prescribed by law
-. A majority Of the members Of the
board Of Directors shall be necessary TO de-
eide any election or other question whatever
4. There shall be none but regular meet.
ings Of the board Of directors, which may
be as often as the directors may deem nee
cssary. All acts done by the directors or
any portion Of thcm otherwise than at a reg.
ular meeting shall be void and Of no effect
D.. All moneys belonging to said Coinpa-
ny shall be kept by the Treasurer.
g. No money shall be paid into the
Treasury except upon the order Of the Sec
retary. And no money shall be paid out Of
the Treasury except upon the order Of the
directors, signed by the President aud coun.
tersigncd by the Secretary.
I. All matters decided upon, money or.
dered to be paid out of the Treasury, con-
tracts made or other acts done by the drcc.
tors shall be recorded in book to be kept
for that purpose. Aud no order shall be
issued upon the Treasury until first minuted
on the journal Of the board
! 3. The officers herein mentioned shall be
selected from the members Of the Board Of
/ Directors.
8. 1t shall be the duty Of the President
to preside at all meetings of the board Of di-
rectors; to call meetings aud notify the mem
bers thereof, and give all notices required
by law; to superintGnd all suits brought By
or against the Company; to sign all Certih
Gates Of Stock and the journal of all proceed
ings of the board to sign all acquisitions Of
the Board upon the Treasurer, and 70 do
and pei form all duties from time to time
assigned him by the board
10. 1t shall be the duty Of the Secretary
to provide book in which shall be written
by him the proceedings Of all meetings Of
the directors. Also book in which shall
be entered by said Secretary all moneys paid
into the Treasury, when, by whom, and on
what account. Also all moneys drawn upon
by requisition upon the Treasurer, when so
drawn, by whom, aud on what account, and
the said book shall be so kept that the said
Secretary can ascertain By his own book the
condition of the Treasury. And he shall,
every three months, commencing at the date
OF the first payment, compare his sad book
with the book of the Treasurer. The Sec
retary shall also keep a book in which shall
be entered by him an account of all stock
issued the amount, to whom, and of all as
signments of stock and to whom. And
when dividends shall be made, he shall en-
ter upon said book full list of all persons
to whom paid, and the amount paid. and
the gross amount thereof shall be entered
upon the book in which is kept an account
Of moneys paid out Of the Treasury. The
Secretary shall draw all orders upon the
! Treasury when required so to do by the
! directors, and after they are signed by the
President, shall countersign the same. He
shall countersgn all Certificates Of Stock
and witness all transfers, and shall see that
the number of the share shall in nu wise be
changed He shall carefully keep and file
away all papers given in his care and belon-
ging to said Company. He shall have all
matters required to be entered in his said
books entered therein upon the day of their
date, And it shall be his duty to exhibit
for inspection to any member Of the board
or the Company the books and records
aforesaid
H. 1t shall be the duty of the Treasurer
to safely keep all moneys belonging to said
| Company to pay over the same when order
ed by the board by requisition signed by the
President and countersigDed 10y the Secre-
tary, and not otherwise. He shall in no
manner use or employ the funds Of said
Company to his own benefit or otherwise -
He shall keep a book in which shall be en-
tered by him all the moneys paid into the
Treasury, by whom, when, and ON what ac-
count. The said entries shall be made Of
the date of the transaction. He shall like
wise keep an account of all moneys paid out,
to whom, when, and on what account
And he shall lile all vouchers redeemed by
him, and said vouchers shall be the evidence
of moneys paid out. 1t shall be his duty to
settle his said accounts every six months with
the Secretary at a regular meeting of the di-
rectors, except during the first year the set
tement shall be made on the first day Of
July and the first Monday of January re-
spectively And it shall be his duty to COM
pare his said accounts with the accounts Of
the said Secretary every three months, at
the time specified for said Secretary. That
1t shall be his duty to post up in his said Of
fee an exhibit Of the condition of the tinan-
ces Of the Company immediately after each
regular settlement. That before entering
upon the duties of his said office, he shall
give bond, payable to said Company in the
sum of twenty thousand dollars with good
and sufficient surety to be approved by the
Directors, conditioned for the faithful dis
charge of his duties and the safe keeping and
accounting for and paying over fall moneys
which shall come into his hands as such
Treasurer, upon which said bond he shall
take and subscribe an oath aS required by
law and for the faithful discharge OF his du-
ties. And said bond with the endorsement
shall be recorded in the Journal of the said
Directors and filed away by the Secretary.
II. The directors shall have no power to
purchase anything whatever upon credit.
Nor shall they at any time employ any la
b0rer or agent OF engineer or other person
unless there be money in the Treasury in
excess Of the price of the service SO contract
ed for. And they shall cause all debts for
labor to be paid weekly. 1t shall shall be
their duty to cause the Secaetary 10 post up
in their Office an exhibit of the condition of
the finances of the Company immediately
after each regular settlement with the Treas
ur.r. 1t shall be their duty to, at any time,
V en- they may deem it necessary to exam
the Treasury.
Is. In case a Certificate or Certificates
of Stock shall be lost or destroyed, and affi-
davit is made to that effect, it shall be the
duty of the directors to cause a new Certii-
cate Of the same number and amount and
payable to the person owning the Certificate
lost or destroyed. Provided, that before
the same shall be issued, the person SO ma
king said affidavit shall execute and deliver
to the directors a guaranty with surety in
double the amount of the Certificate or Ger
tiicates lost, that the Company shall be
kept harmless from the original Certificate,