Las Vegas free press., 1892-01-08
COMMERCIAL CLUB BYLAWS.
ARTICLE I.-CAPIrAL Stock.


of stock shall be signed by the presi-
dent and attested by the secretary
with the seal of club affixed and shall
not be transferable.
Sec. 3. The board of directors
may at any time place a premium
upon the stock not issued and such
premium is to be paid in addition to
the par value of the stock.
Sec. 8. No individual shall own
more than one share of stock nor
shall any share be issued to any firm
or corporation.
SEC. 4. Every applicant for stock
shall be balloted far before such
stock shall be iss ued, and
five negative notes shall re-
ject such applicant for the period of
six months. All applications shall
be made in writing in such form as
the board of directors shall prescribe
and shall be handed to the secretary
at least ten days prior to the meet
ing at which the ballot shall be taken;
and the names of all applicants shall
be posted on the bulletin board at
least five days before the election
shall take place.
ARTICLE II.-OFFICERs.
SEC. l. The officers of the club shall
consist of a president, first vice-pres-
ident, second vice-president, who
shall be members of the board of
directors, secretary and treasurer,
who shall not be members of the
board of directors, who shall be elect
ed annually by ballot without nom
ination by the board of directors, and
shall hold their offices for one year un-
less removed for cause and until their
successors are elected and qualified.
ARTICLE nI.-BoARD OF DIRECTORS.
SEC. /. The board of directors
shall consist of seven members, who
shall be elected annually by the
stockholders by ballot without nom
ination, and shall hold their office for
the term of one year unless removed
. for cause, and until their successors
are elected and qualified. Every
stockholder, and none other, shall be
eligible to the Office of director
ARTICLE IV.-DUTIEs OF OFFICERS.
SEC. l.. The president shall pre-
side at all meetings of the board of
directors and stockholders and shall
perform all duties usually pertaining
to such officers. He shall appoint,
with the approval of the board of
directors, the chairman and members
of all standing committees.
SEC. 2. The first vice-president, in
the case of the absence or inability
10 act of the president, shall act in
his place.
SEC. 3. The second vice-president,
in case of the absence or inability to
act of the first vice-president, shall
oct in his place.
SEC. 4. In case of the absence or
inability to act of these three officers
a president pro tempore may be
chosen from the meeting.
SEC. 8. The secretary shall keep
a record Of the votes, doings and pro-
ceedings of the stockholders and di-
rectors at their several meetings,
and also such books of record and
account, and make such reports as
the board of directors or stock
holders may from time to time re-
quire; shall conduct all correspond
ence; shall issue notices of all meet
ings; shall have charge of the seal
and shall perform such other duties
as usually pertain to such office. In
case of absence or inability,.ip act of
the secretary or assistant secretary, a
secretary pro tempOre may be chosen
from the meeting.
SEc. 9. The treasurer shall re-
ceive and have charge of the moneys
and valuable papers of the club, and
shall disburse the moneys in the
manner prescribed by the board of
directors, and he shall keep full
and complete record Of all moneys
received aud disbursed by him, in
such form as the board of directors