The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1886-04-30

direction and control of the Board of
Directors. who shall be chosen by bal
lot by the stockholders from their own
number at their annual meeting.
ARTICLEH.
The executive officers of this cornor.
alton shall consist of the Board of Di-
rectors.
ARTICLE III.
The officers of this Corporation, other
than the Directors shall consist of a
President, Vice President, Secretary
and Treasurer all of whom shall be
elected by ballot by the Directors from
among their own number Immediately
after the election of Directors. Said
officers shall hold their office for the
period OF one year unless sooner remov-
ed for cause by the Board of Directors.
ARTICLE ".
The compensation of the officers of
this corporation shall be two dollars
per day for the time actually and neces-
sarily employed in transacting the busi-
ness of the corporation.
ARTICLE v.
The President shall preside at all
meetings Of the stockholders and Board
of Directors of this corporation and in
his absence the Vice President shall
perform the duties pertaining to the
office of President. The President
shall sign on behalf Of this corporation
and execute in connection with the
secretary before the proper officer, all
contracts of this corporation and sign
all records of the meetings and all Or
ders authorized to be drawn Oh the
treasurer.
ARTICLE vi.
The treasurer shall receive and have
charge of all the moneys and valuable
papers of the corporation, and shall
keep record of the same and of all
the moneys disbursed by him, which
shall at all times be open to the inspec-
tion of the Boord of Directors, and at
all reasonable times to the inspection
OF the stockholders. He shall pay and
discharge the indebtedness of this cor
poration when audited and allowed by
the Board of Directors upon orders
drawn on him by direction of the board
of directors properly signed and authen-
ticated by the President and Secretary
of this corporation. Heshall give bond
in the sum of twenty-five hundred dol
lars for the faithful discharge of his
duties.
ARTICLE VII.
The Secretary of this corporation
shall attend all meetings Of the stock
holders and board of directors, keep
correct record of such meetings and all
proceedings had therein and record the
same in book kept for that purpose.
He shall also keep book known and
designated in the civil code of Dakota
as the ''stock and transfer book" He
shall countersign and execute before
the proper officer all contracts of this
corporation in connection with the
president, and all orders drawn on the
Treasurer and he shall perform such
other duties as are required Of him by
law, all under the direction and con-
troll of the board of directors.
ARTICLE VIII.
The annual meetings of the stock
holders for the election Of the directors
of this corporation and for the transac-
tion OF all other necessary business
shall be held at Mitchell, Dakota, on the
first Tuesday of June in each year at ten
o'clock a m, OF said day. Special meetings
of the stock holders may be called at any
time by the President and Secretary up
on the written request of ten stock
holders or by order of the board of di-
rectors
The Secretary shall serve notice of
all meetings upon each stockholder by
mail at least ten days before said meet
ing or by publishing the same for a like
period in newspaper published in
Dawson County, Oak. The notice
served or published as aforesaid shall
specify the time, place and purpose of
such meeting At all such meetings
where elections or votes are had, there
must be majority Of the stockholders
represented either in person or by proxy
in writing and such proxy shall also be
a stockholder
| ARTICLE IN.
The regular meetings of the Board
of Directors of this corporation shall
be held at the place of business of such
corporation on the first Saturdays of
March, June, September and December
of each year. Special meetings may be
held whenever called by the President,
or a majority of the Board OF Directors
The Secretary shall notify in writing
each director of the time, place and OBJ.
ject of each and every meeting of the
board of directors. An annual settle
ment of the affairs Of this corporation
shall be made at the regular meeting
of the stockholders, at which time the
secretary and treasurer shall present
in writing a full and complete state
ment of the financial condition of thu
corporation and an itemized statement
of the receipts and disbursements fol
the past year.
The affairs of the corporation ma.
be investigated at any time by tn
stockholders at a special meeting callet