The Hawaiian gazette., 1889-04-02


them subject to the provisions OF this
instrument. Such transfers may be eX-
ecuted by the president and treasurer O.
the board, in behalf OF and as attorneys
OF the board, Tor that purpose and 10 be
re-transierred when so requested by the
board.
The first board. shall consist Of the
persons hereinafter mentioned. They
shall hold office as follows, and until
their successors shall be elected:
MEMBERS OF THE FIRST CLASS.
Harry o. Havemeyer, f. o. Matthi-
eSSeneJohn f. Searles, Jr., Julius 4.
/ Stursberg, to hold Office seven years.
MEMBERS OF THE SECOND CLASS.
] Theodore A. Havemeyer, Joseph B.
Thomas, John Jurgensen; Hector c.
/ Havemeyer withdrew and Mr.. Parsons
substituted, TO hold Office five years.
MEMBERS or THE THIRD CLASS.
Charles II. Senff, William Dick. to
! hold Office three years.
At the expiration OF the terms OF the
third class, and OF each successive class,
/ their successors. rs members Of such
! class, shall be elected Tor seven years.
! OFFICERS.
The board shall appoint from its mem
! bers Z president. vice-president and
/ treasurer, and It shall also appoint 3
/ secretary, who may or may not be
[ member OF the board The board may,
/ from time 10 time, create other offices
and appoint the persons TO I'll them. 1t
may appoint committees. 1t shall
/ designate the duties and prescribe the
powers OF the several officers and com.
mittees.
Plan.
The several corporations, parties TO
this agreement, shall maintain their sep
arate organization, and each shall carry
on and conduct It's own business.
The capital stock OF each corporation
shall be transferred 10 the board, and in
lieu OF the same, certificates not exceed
ing fifty millions OF dollars, divided into
five hundred thousand shares. each OF
one hundred dollars, shall be issued by
the board and distributed as hereinafter
provided.
The certificate shall be in the follow
ing form:
No Shares.
Shares One Hundred Dollars Each.
THE SUGAR REFlSERIEs COMPANY.
This Is 10 certify that. is entitled
to....-.... shares Of the Sugar Rein
cries Company.
This certificate is issued under and
subject 10 the provisions OF a deed dated
the sixteenth day OF August, one thou
sand eight hundred and eighty-seyen.
The shares represented by this certif- |
cate are transferable by the holder and
his personal representatives in person or
by attorney, upon the books OF the |
board, and not otherwise, and only upon |
the surrender OF this certificate.
They entitle the holder to the rights |
and are subject TO the provisions men |
toned in the deed.
The interest OF the holder is in the |
proportion OF the number Of shares rep |
resented by this certificate 10 the entire |
number OF shares outstanding. The total |
amount represented by outstanding certi-
icates, and the terms OF the deed may |
be changed from time to time by ma
iority in interest as therein provided
In witness whereof the board has
caused this certificate to be
signed by its president and
L. :. treasurer, and the seal OF the
board to be affixed hereto, the
day OF -, one thousand |
eight hundred and eighty. ....
For value received, ........do here
by assign, transfer and set over unto
.......... shares OF those represented by !
the within certificate, and . DO hereby
constitute and appoint attorney,
ireyocable, for..--..... and in........
name and stead, TO transfer the said
shares upon the books kept for the pur-
pose under the direction ci the within
board.
The assignee by accepting this trans
Ter assents TO the terms Of the deed re-
.erred 10 in the certificate as the same
shall be changed from time to time.
Witness -..-.. hand and seal this
.--... day Of. ......, one thousand
eight hundred and eighty 81.
TITLE.
The shares Of the capital stock OF the
several corporations 10 be transferred to
tie board as herein provided shall be 1
70 the names OF the members
1f the board as trustees, 10 be held by
hem and by their successors as mem
oers OF the board strictly as joint tenants.
By the death, resignation or removal /
Of any member Of the board the whole
tile shall remain in the others. All :
ceasing 10 be such shall exc
ute such instruments as may be neces-
AIRY, II any, to keep the title vested in
he persons who from time 10 time shall
1e members Of the board.
The board shall hold the stock trans
erred to i with all the rights and powers
Incident 10 stockholders in the several :
and subject only to the
purposes set forth in this deed.
DIVISION OF INTEREST.
The several corporations shall be en- !
tiled 10 the shares in the following pro
portions Of the fifty millions OF dollars. {
IL.
Here follow the names Of the several !
Each refinery and the corporation 10
which i belongs shall be freed from liza
lility and Indebtedness by the parties
Interested in 1t; or such parties, If the
,oard shall approve, may provide in .
ash Tor such Indebtedness or liability.
eaving the same 10 stand at the pleasure
II the board except that the EMPLOYEES
contracts shown in the schedules hereto
annexed, and the contracts with Have
never and Elder, the F. Q. Matthiessen
md Weichers Sugar Refining Co. and
:, D.