Los Angeles daily herald., 1873-12-24
Los Nietos.

The Odd Fellows Building Associa-
tion met and organized with the fol-
lowing shareholders: f. r. Wylie, A.
Jacoby, w. H. Hammerton, Jno. X.
Banks, Mr.. Fawcett, c. T. Crowell, G..
C. Cummings, j. r. Truman, John
Dollard, F. +. Adams.
Mr.. Cummings was elected Presi-
dent; A. Jacoby, Secretary; John X.
Banks, Treasurer The motion pre-
vailed to make the capital stock Sl0,-
600; shares SO each.
Il. r.. Wylie, John DOlland, c. C..
Cummings, c. II. Crowell, and n. E.
Adams, were elected Trustees.
The following bylaws We're read
and approved:
This association shall be known as
the "Odd Fellows Building Associa-
tiOn of Los NietOs."
The officers shall consist of Presi-
dent, Vice-President, Secretary, Trea-
surer and Board of Trustees, who shall
be elected annually and hold their res
pective offices until their successors
are elected and qualified.
The annual meeting shall be held on
the first Monday in May in each year.
Special meetings may be called by
the President at any time, provided
due notice shall be given to the stock
holders of the time and place of such
meeting.
At any meeting of stockholders 4
number of stockholders, representing
a majority Of the number of shares of
stock sold shall be a quorum for the
transaction of business.
1t shall be the duty of the President
to preside at all meetings of the asso-
citation, to issue certificates of stock
countersigned by the Secretary to the
shareholders, and to call special meet
ings of the association for the transac-
tion of business on giving due notice
to the stockholders OF the time and
place Of such meeting, and the busi-
7 ness proposed to be transacted lthereat
In the absence of the President, the
duties of his office shall be performed
by the Vice-President.
1t shall be the duty of the Secretary
to keep a faithful record of the pro-
ceedings Of the Association; to cOun-
tersign certificates of stock, and all
orders upon the Treasurer duly issued;
to keep in book to be provided for the
purpose, just, accurate account of the
receipts and expenditures of the Asso-
citation; and to report at the annual
meetings, and at such other times as
the Association may direct; the finan-
cial condition of the Association, and
the amounts due by each member on
assessment; and to perform such other
duties as belong to his office.
1t shall be the duty of the Treasurer
to receive and safely keep all money
belonging to the Association, and to
pay all orders drawn by the President
and countersigned by the Secretary.
The Board of Trustees shall be vested
with, and shall exercise the corporate
powers of this Association.
They shall have power to levy and
collect assessments upon the capital
stock thereof for the purpose of paying
the proper and legal expenses of the
Association and to superintend the
erection of the building; to employ
and discharge workmen; and to make
COIlUIhCIo Will Uu1luClS dIu
provided the assessment shall be levied
in the manner and form hereinafter
provided, and not otherwise.
No assessment shall exceed five per
cent of the capital stock.
No assessment shall be levied, ex-
cept by order of the Board of Trustees,
concurred in by majority of said
Board, and entered upon the records
of this Association.
Notices of assessments must be served
by the Secretary by delivering a copy
thereof, properly certified, to each
stakeholder personally, or by such
publication as may be required by law.
Any vacancy that may exist in the
Board OF Trustees, caused by death,
resignation, or otherwise shall be filled
by the stockholders at a meeting to be
called for that purpose.
Any stakeholder who may be absent
at any meeting, may be represented
by proxy by giving written authority
to u stockholdcr to vote and act for
him.
Any shares of stock upon which as
sessments remain unpaid after legal
notice has been given of such ASSESS
ments, shall be sold to the highest
bidder under such rules and regula-
tions as are prescribed by the law reg
ulating corporations.
Eaob otnoLhoIJa, hall - I.., n