The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1870-05-18
shall constitute a quorum.

shall constitute quorum.
No person shall be eligible as presi-
dent or director who il not member
of the society.
Vacancies during the torn of Office
may be filled by the board, except
where it is reduced below n quorum,
in which case general meeting must
be convened, and az election held for
officers to serve out the terms of those
who have vacated.
The subordinate officers to be ap.
pointed by tho board of management
sha!! consist Of: Z
|. A register, who shall keep a re-
cord of all proceedings of meetings
of the society and Of tho board of
management records of all property
owned by the society, granted to set
tiers and reclaimed as abandoned by
them; records of oil immigrants set.
tlod upon the lands of the society,
with statistics Of arrivals and reno
vals, names of families, with their
numbers, sexes and ages on arrival,
and in general all information ncces.
sary or useful for the full accomplish.
ment of the objects of tho society.
2. An agent. who shall reside in
Charleston, and represent the society
in the central board.
3. Such other officers MS may be in
time required to administer the in
creased business of tho society.
Sec. 4. Meetings -Qnoru ms -Prox-
les. The society shall have an annu-
al meeting on the - Wednesday Of
-, and such otncr general meet
ings as may be called by the board of
management, or by nny ton members
uniting for that purpose, after thirty
days notice posted 10 the usual places
of county bulletins and advertise
ments, or published in tho county
newspaper.
All meetings Of the, society shall
be presided over by member elected
as chairman by ballot or viua uoce.
Ten members demanding the ballot
shall cause that mode Of election to
be adopted. In preparation for the
meeting, lists Of members shall be
prepared by the authority calling the
meeting, showing tho number of votes
that each member is entitled to, and
copies of such list. ,all be posted
conspicuously in tho place of meeting
Members present, representing in
person or by proxy majority of all
the shares, shall constitute Quorum
for the transaction of all business. A
majority of the shares represented
shall decide all questions except ques-
tions relating to amendments Of the
constitution, which shall require the
affirmative vote of majority Of all
the shares in the society, and ques.
tions relating to amendments of the
bylaws, which shall require the
Affirmative vote of two-thirds of the
shares represented, a quorum being
present.
Proxies shall be given in the usual
form, signed by tho shareholder and
witnessed, but no proxy shall be valid
for moro than one year. Any person,
even though not shareholder, may
act as proxy for one or moro share
holders, and in his quality Of proxy
may attend meetings,sorve on com nit
tees, take part in debate, and vote.
ARTICLE 3-SEcrIoN ]. Capital
Stock.
The capital stock Of this society
shall be thousand dollars, the
company reserving the right to in
crease its capital by amendments to
this constitution.
SEC. 2. Shares.
The capital stock shall be divided
into - shares, of fifty dollars each,
certificates for which shall be issued
by the register, countersigned by the
president, to all subscribers upon pay
ment Of their subscriptions, eieher in
money or in lands. Where lands are
received in payment of subscriptions,
they shall be estimated according to
the State valuation for taxation, ex-
cept in cases Of fraud or manifest
mistake, when special assessment
may be agreed upon between the sub
scriber and the society. Provided
always that no lands be received hav-
ing any defect Of title, or burdened
with any membranes whatsoever,
and provided also, that the, society
have power to reject any lands offered
in payment Of subscriptions, in which
caso the subscriber shall be released
from his obligation and the su bscrip.
tion cancelled. .aa1s
SEC. 8. Transfer of Shares, No
transfer Of shares shall be valid until
made n.tbe books Of tho register,
and q new certificate is issued t.Si T.
No transfer shalt be made Of, stock
issued for land which may be discov-
cred after such issue, to be cucumber
ed or Of defective title. The transfer
books sha be closed fop thirty days
before every general meeting Of the
society. Htsa." |+ f.a ~ 37Atss
ARTrcLE 4--SEeTloN 8. Disposition
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