The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-04-05

elections 81 directors shall be Nv ballot, and q
vote 81 stockholders representing, q, majority or
the subscribed capital stock shall be necessary
to a choice. In case OF the death or resignation
Of any director the vacancy shall be filled by
the board Of directors At q meeting called UPON
such notice as is required for special. meetings
Of the board of directors. Compiled law Of
South Dakota. Sec. @025.0
SEC. 9. ELIGIBILITY TO OFFICE AS DIRECTOR.
No person shall I've eligible as a director UNI
less he is q bonafde owners OF at least one
share Of capital stock and after the first cleo
six months prior to his election as such direc-
tor. Compiled laws sec. ~, 70.
SEC. a: DIRECTORS TERM OF OFFICE.
The directors shall serve for one year from
the time OF their election, and until their sue
cessor in office are elected aud qualified.
ART. 8. POWER AND DUTIES OF OFFICERS.
the directors or stock holders. he shall sign. as
president all certificates of stock and all con-
tract and other instruments in writing which
hav @ been first approved by the board OF direc-
ever he deems it necessary, or at the writSs
request of two directors; and he shalffe
subject the advice, control and approyayI6fchss
directors the general superintendence Of the at-
fairs of the company in the absense Or inability
of the president the vice-president shall perform
all the duties OF said office.
SEC. 2: OVERS AND DUTIES OF TREASURER.
1t shall be the duty Of the treasurer to re-
cieve and keep safely, at such place or places as
shall be designated by the directors all monies
belong to the compay and to disburse the same
Upon order signed by the president and score
tary. The books kept by the treasurer shall be
at all times subject to the inspection Of the
tors and every three months or oftener If re-
quired, he shall submit to the said board of di-
rectors at their regular quartealy meetings a
with the proper vouchers for their information
He shall receipt to the secretary for all mories
received by him At each annual meeting of
the stock holders he shall submit a complete
statement of his accounts for the past wear
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 a bond for the
faithful performance Of the duties OF said Office
before entering thereupon, i'll the sum OF five.
thousand dollars with two or more sufficient
tors. The board Of directors NAV increase the.
amount Of said bond from time to time as they
deem it necessary.
SEC. 3. POWERS AND DUTIES OF SECRETARY.
1t shall be the duty of the secretary 20 keen
a record OF the business transaction of this;
he shall Keep a Journal of oil meetings
OF the board OF dire tors and OF The stock
holders, with the time and place of 'olding the.
same. whether regular or special. and if special
thu 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 if
requested by any d rector or Stocs hOlaer 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 II record thereof
made. On a similar request a protest of any
STOCK holder or director to any action or pro-
posed action must be entered IN iull: tom
piled Laws S. ID. Sec. 2937.
He shall also keep II stock and transfer book
which he shall keep n 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 a 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 sItare.. Compiled Laws
S. D.. Section 1927. tie shall have charge OF
said corporation and luAep the book of blank
G rtihcates of stock and fiji up and countersign
all the certificates issued and make the cores
poEdi1g ell. rieS Oh the margin ofeach book on
such issuance. We shall countersign ali orders
upon the treasury keep proper account books,
issue che notices and calls for all meetings OF
the directors and stock holders when duly auth
orlZed and discharge such other duties as per-
tain to his office and are or shall be prescribed
II cord or All properties real or personal! bought
and sold by the corporation with description of
the same and pr = lr.hl or received. The sec
rotary shall give bnlti in the sum OF. $1,000
connitlonet for tnef 'ithful performance Of his
duties as acretarv s;s,d bond to be approved
by the board Of dir~Gsors.
SEC 4. POWERS; AcSD DUTIES. OF GENERAL MAN.
It shall be tt s.ii;ty Of the general manager or
superintendent: First: to take charge OF all the.
property he.olgl'G- to the company; or such
part thereof as SiijAi be designated by the board
OF directors; aud &c. control and direct such la
Dor and management peeatining to the. inter
eSts, business OblrcrS and operations OF said
company. as said board OF directors shall Ges,
ienate' and direct. Second: To make uartsrly
retlllns.to the directors of all PERSONS in the
emplo' OF the company; and a. statement of all
the expenditures, attending the same with the
necessary vouchers. and q general report OF the.
management, business or operations asis being,
carried on by or on account OF tile omwauVe
Third: n, give orders upon the treasurer or,
account OF such work and labor and EMPLOYEES
hire and other necessary expenditures in the
carrylng;On OF the business OF the company as
relates directly to the department of general
and not otherwise limited by these,
bylaws. or restricted by thu board ofsdir ctors,
which orders shall be paid by the said treasurer,
after the same has been duly approved 10y the
president and secretary,
He shall have no power to sign notes or con-
tracts for the company: neither shall he have.
power to incnr any indebtedness, unless SO.
specially authorised by the board of directors,
TRANSMITTED tohim in writing by the secret ary.
Fourth. Said manager shall deposit, wi h the,
daily, almonieS coming into his. hands
or possesslon.frOm or through the business Of
said company, aud shall take vouchers there
for. Firth: Said manager shall perform sch