The Albany register. [volume] (Albany, Or.) 1868-18??, 1870-09-24

! be held I, be stoekha!de=,: Provided, That ns'
! one ln..iv dual shat be allowed - sah~erIbe FER
more tIIan two hundred shares 81 saI'i etfGs
Proyideu further, That every subscriber Z Ia
paw III the time Il Subscribing, twenty -hve per
| ce0tun OF the amount by hun snscfioctt To the
| treasurer appointed b. the corforatoFs or has,
snh.cr:ptiau shall lie ruii and vulH. H. at the
end of jyyo davs a larger amount than the ctso--
tai stock of said company shall iiaVe been si.B
| scribed the books shall be closed. ami the sand
corporators named III the first section sfiali'
| forthwith, proceed t. apportl said capital
stock anon. the subscribers pro rata, and make.
public proclamation of The number of -hatess
:.iiotted to each. viii IL snail be done and com
uIeted gu the same cay tie books eio-eG.
Provided tGfther, that nothiDR Biiaii be fScelv
ed in the pay ulent of twenty live per centun,
at the time uf subscribing. except money. And
when the books Of subscription ct the capital
stock of said company si;Aii be closed, the cor
Iorators named in the FIRST section, major
ity of them aud in case any of them refuse
neglect then majority ri the remainder.
shall within days thereafter, call tie fret
netting of the stock holders Of said CEN .arly t.,
meet W itniu zen davs thereafter for he choice
ot seven directors. of viii. il pubic nopce sIiai
be gwen for five tl.lys in not less an two pab
lie newspapers published daily ia Ice cty Of
Washington, or by ~rittenaor printed peGsora
notice 10 s.ch oc4hoder by the clerk of tbs
corporation And in all MEETINGS OF atocklioii-
each share shall eRtitie tho holder one
vpte, 10 lie t,,ve.i III person or 10y proxy.
SIC Il. 1inG Dc At .fartAsr ehaeted. That
the government aud iii eciion of the aIl.iirs of
lie co;npiuty shall be vested in board of ii
rectoIa. seven in nu.nber. wtto shalt be stock
holders, ;lnti who shall hold their office f1r
year Uiiii ethers are duly elected and qualified
% take their places as direcfnGs. And The said
directors Ia MINORITY OF whom. the presid.
lie ing Que, shall constitute ii qHorni sH#ii elect
one # heirnumbertS be president nf Tie board
who shall also be president OF the e nPany;
and ,hey shall also choose d treasurer. WHO
siiaii give boits. with security 10 said cou.la.
II, IN stei: sum ti.- said directors may re-
quite for the faithful discharge of hts trt-t In
case oI IL Vacancy IN tie board OF directors by
the death. resignation OF Otherwise of any d
rector. The .acahCy occiisione Thereby shall 90
filled by the remaining directors,
SEE l5 And te /! faFthey enarfe3 That
The directors shall have iui po kc and
prescribe such by laws, ri.ies, and ulatoas
as ;iisv shall deem need al aud proper. respect
lug The disposition and management OF tho
stock propeFtV estate, atld effects OF the com
rany. moi contrary 10 the chht'er or lt"s "f
lie United :a.es aud the ordinances OF the rifv
and county 81 " sshin.t .tou: Provided. hat tho
directors oi sad corporation sh.t.l have power
TO require the subscribers IL The cstPita stock
to pay the ausuuHt by them respectively SUB
scribeti such time ittttr the first ststament.i
in such manner, and III such afUoallfs IA tlttY
uiitv deem prope-: ANA il a}tS stuC Clitn!ter snail
retm-e eSirrt 20 pay an. lusia tlent% ~ te-
qiIired hS utioII of tie board of directors,
,tfI .r reason:. bic notice o. The same the saduoard
OF directors ,Iiay sell n, public 4aetIon. TO the
ii.es, bidder II, nv shares oi bis IA d tpca
-. i.,u nav sac, it,Stalimcnt Cane! tie III hest
hi,iier sh;tU t tnetl TO t.. Tie person w.4o oi-
t-rB to uureh.ts8 the least nuiu1er ot shares ie.
tf. .,,t,.l,t ,,pc under slrh eu,ra! reea-
~, ,v he ,i.,,,,.o IN M. NV Jaws II ssi,I
corporation: or s'td body ,oip%fA'e ma! sHe
i''o e'''''e' ''e S'''e ',ti ,a
- ~
''"i'
SEC. - -i"3 u u HJ"ffher fadctf6, ! hat
there Slas! be AN ..luuai Itetil- Of TIE S:ock
h"iGets Ter th"I1s o "1l' e'rs. =" ne i"i'e'' .