The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-03-22

With the proper vouchers tor their information.
he shall receipt to the secretary tor all moides
received by him At each annual meeting Of
the stock holders he shall submit q complete
statement OF his accounts for the past year
with the proper votches for their information.
He shall discharge such other duties pertaining
to his office as shall be prescribed by the board
OF directors and he shall give q bond Tor the
faithful performances of the duties OF said office
before entering t%hereupon, in the sum OF five
thousand dollars with two or more. sufhcient
~sririties to be approved by the board OF direc,
tors. The board of directors may Increase the
amount of said bond from time to time as they
deem it necessary.
Sec g. Powers AND DUTIES OF
It shall be the duty OF the secretary to keen
q record OF the business transaction OF this
company, he shall keep a journal OF OIL meetings
of the board OF directors and OF the stock
holders, with the time aud place OF holding the
same, whether regular or special, and II special
tbs object. how authorized, and the notice
thereof evening the record must embrace every
| act done or ordered to be done. Must state
who were present and who were absent and !
requested by any director or stock holder the
time shall be noted whenever he enter the meet
ing or obtained leave Of absense therefrom.
On a similar request the ayes and nays must be
taken on any proposition, and u record Thereon
made. On a similar request a protest OF any
stock holder or director to any action or pro
posed action must be entered in full: Com
piled Laws s. D.. Sec. 2937.
He shall also keep a stock and transfer book
in which he shall keep q record OF all stock IS
sued or transferred and which shall contain the
name of the stock holders alphabetically ar
ranged and their P. o. addresses, installments.
paid or unpaid q statement of every alternating
sale or transfer OF stock made, the date thereof
and by and to whom and the number of design
nation of such share or shares. Compiled Laws
8. D. Section 1927. He shall have charge OF
said corporation and keep the book Of blank
certificates of stock and fill up and countersign
| all the certificates issued and make the cores
| ponding entries on the margin OF each book on
such issuance. He shall countersign all orders
upon the treasury keep proper account books,
issue the notices and calls for all meetings of
the directors and stock holders when duly auth
| orized and discharge such other duties rs per-
tain to his Office and are or shall be prescribed
blythe board of directors, re shall also keep a
record OF all properties real or personal bought
and sold by the corporation with description Of
the same and prize paid or received. The sec
rotary shall give bond in the sum OF LOO
conditioned for the faithful performance OF his
duties as secretary said bond to be approved
by the board OF directors.
SEC 4. POWERS AND DUTIES OF GENERAL MAN.
AGER.
It shall be the duty OF the general manager or
superintendent: First: to take charge OF all the
property belonging to the company; or such
part thereof as shall be designated by the board
w " 0A~ w NoAACA VI euAAA NSAA A0
Dor and management peeatining to the inter
ests ,ebusiness objects and operations Of said
company, as said board of directors shall dss-
ignate and direct. Second: To make quarterly
returns to the directors of all persons in the
employ OF the company; and q statement OF all
the expenditures, attending the same with the
necessary vouchers, and a general report OF the
progress and condition Of such labor, worK,
management, business or operations as is being
carried on by or on account of the comwany.
Third: To give orders upon the treasurer on
~1N@,,,,k - cppnh, Vp0~p o~1 Il 49, -~l
hire and ether necessary expenditures in the
carrying on OF the business OF the company as
relates directly to the department Of general
MANAGER. and not r;d,o otherwise ne limited by these
which orders shall be paid by the said treasurer.
after the same has been duly approved by the
president and secretary,
tracts for the company: neither shall ne have
power to incnr any indebtedness, unless so
specially authorised by the board OF directors,
transmitted to him in writing by the secret airy.
Fourth Said manager shall deposit, with the
treasurer daily, all monies coming into his hands
Or possession from Or through the business OF
said company, and shall take vouchers there
other duties as shall be required OF HIM by the
board of directors. Sixth: Said general man.
ager shall give a bond with sufficient sureties to
the approval OF the directors in the sum OF
three thousand dollars, conditioned for the
faithful performances of his duties,
ARTICLE w.
SEC. 1. POWERS OF DIRECTORS.
The board Of directors shall nave power:
First: to authorize the president and secretary
to call meetings OF stockholders when they
deem necessary. giving notice thereof in the
manner hereinbefore provided; and they Shall
call meetings of the stockholders at any time
upon the written request Of stockholders rep
reselting at least O.elourth of the subscribed
capital stock. SecoNd:To make rules AND regu-
lations not inconsistent with the laws OF the
state OF South Dakota, or the bylaws OF the
company, for the guidance of the officers and
management OF the affairs OF the company.
Third: TO declare dividends out OF the surplus
profits whenever they shall deem it expedient.
Fourth: 70 incur such indebtedness as they
may deem necessary, and to authorize the pres
idsnt and secretary to execute notes OF bonds
ness; provided, however, that no AGGREGATED in
debtednessa at any time be incurred by the COM
pany in excese of $1,uOO.OO The intention
thereof being, that no indebtedness shan be con-
tracted for or on behalf Of the company except
that incurred IN the payment Of freights or ad-
vances upon purchases on account of merchau-
disc bought by and delivered to the company.
SEC. 2. DUTIES OF DIRECTORS DEFINED
1t shall be the duty Of the board OF directors.
First: 10 cause to be kept a complete record of
their meetings and acts, and also OF the proceed.
ings of the Stockholders, and also to present ..
full statement at the regular annual meeting Of
Che STOCKHOLDERS showing in detail tine assets
and liabilities OF the company and generally
the condition of its affairs. which statement
shall be printed and mailed or delivered by the
secretary to each stock-holder. A sinrilar state
ment shall be presented at ANY other meeting of
the stockholders when requested ny persons