The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-04-12


|5elections 81 dirsctor Ishsiisbe 81 ballotsaa :
vote Of Stockholders repreeotsttnN = majCtzty Of
10 aschoice.TInscas ACKNOWLEDGEMENTS
Of any director the vacancy shall be filed BY
the board Of directors At e meeting called upon
e 81 The eot Sosr q 81 81 a Girectors. 'y tcoinpiied laws 81
South DAKOTA, Sec. 2025)
SEC, 8: EIIGIBILIrY 10 OFFICE As DIRECTOR.
No person shall be eligible as a director I'M
less he is q bonafde owners OF at least one
ton must nave been q stakeholder for at least
six months prior to his election as such dfrec-
tor. Compiled laws sec, ~, 26.
SEC. 4: 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 and qualified.
ART. 8. Powers AND DUTIES OF OFFICERS.
The president shall preside at all meetings OF
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 o been first approved by the board OF dlrec-
tors. He shall call the directors together when
ever he deems it necessary, or at the written
request Of two directors; apd he shall have
subject the advice, control and approval ofthe
directors the general superintendent OF the at +
fairs OF the company in the absense or lnabiltn ~
OF the president the vice-president shalpeylQs4sH
all the duties OF said office.
Sec. 2: POWERS AND DUTIES OF TREASURER.
1t shall be the duty of the treasurer to re-
cieve and keep safely, at such place or places as
belong to the compay and to disburse the same
under the direction of the board of directors.
Upon order signed by the president and seCre-
at all times subject to the inspection of the
president and board of direc-
tors and every three months, or oftener If re-
quired, he shall submit to the said board of d.
rectors at their regular quartealy. meetings a
C ,mplete itemised statement of his account
with the proper vouchers for their information
received by him. At each annual meeting of
the stock holders he shall submit a complete
statement of his accounts for the past year
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
before entering t%hersupon, i'll the sum of five
thousand dollars with two or more sufficient
surities 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. 3. Powers AND DUTIES OF SECRETARY.
1t shall be the duty of the secretary to keep
o 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 holding the
same. whether regular or special, and if special
thereof givening 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 director or stock holaer the
ing or obtained leave of absense therefrOm.
On a similar request the ayes and nays must be
taken on any proposition, and u 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 tull: COM
piled Laws S. D.. Sec. 2937.
be shall also keep IL stock and transfer book
Ill which he shall keep a record OF all stock is
sued or transferred and which shall contain the
name OF the stock holders alphabetically ar
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
5. ID. Section 1927. He shall have charge of
corporation and keep the book OF blank
c rtidcates Of stock and fill up and countersign
all the certificates issued and make the cores
entries OH the margin OF each b )ok 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
orlzed and discharge such other duties as per-
tain to his office and are or shall be prescribed
by the board OF directors, e shall also keep a
II cord OF All properties real or personal bought
ana SOLD by the corporation with description of
the :,ane ana pr e Y, ID or received. The sec,
retary Shall give Dom. i'll the sum of S1,OO
conditioned for the t 'thful performance of his
duties as secretary -. Il bond to be approved
by tue board Of dire. ors.
SEC 4. POWERS AND DUTIES OF GENERAL MAN
AGER.
It shall b' tie duty Of the general manager or
su '4rinteEde't: First: to take charge OF all the
pro perty belonging to the company; or such
part thereof as shall be designated by the board
of directors; and to control and direct such Ia
Dor and management peeatining to the inter
ests, business objects and operations OF said
as said board of directors shall DIES.
and direct. Second: To make quar- terly
returns to the directors Of all persons in the
of the company; and a statement of all
expenditures, attending the same with the
necessary vouchers, and q 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 tile conWany.
Third: To give orders upon the treasurer on
account of such WORK and labor and employees
hire and other necessary expenditures in the
carrying on of the business OF the company as
relates directly to the department of general
and not otherwise limited by these
/ y-laws. or restricted by the board OF directors,
which orders shall be paid by the said treasurer,
after the same has been duly approved by the
and secretary,
tie shall nave no power to sign notes or con-
tracts for the company: neither shall he have
power to incnr any Indebtedness, unless so
authorised by the board OF directors,
to him in writing by the secret airy.
Said manager shall deposit, will the
daily, allmonieS coming into his hands
or possession from or through the business of
said company, and shall take vouchers there
Firth: Said manager shall perform such