The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-04-12
Bylaws of The Black Hills Co-opera-
tive Company.
ARTICLE L. Meeting.

An14OAE 1. lHeeLLHg.
SEC. 1. The regular annual meeting of the
stockholders OF this company shall be neld on
the third Tuesday Of December of each year, at
the office OF said company in Rapid City, S. D.,
and special meetings may be called at any time,
In the manner hereinafter provided. Compiled
Laws, Sec. 1881.
SEC. 2. A representation OF a majority of the
subscribed stock shall be necessary for the
transaction OF all business OF the stockholders,
and every person acting thereon. either in per-
son or by proxy or representative, must be a
bona tide stakeholder, having stock IN his W
name on the stock book at least ten days prior
Proxies may be in any form in writing, and
show by and to whom they are gwen, and for
what meeting; and duly filed with the secretary
before voting: providing that proxies are given
to members only of this company.
Sec. 3. At all meetings OF the stockholders
each stakeholder shall be entitled to one vote
for each share Of stock held by him, aud such
provided such proxy shall be in writing and
filed with the secretary Of the C mpany; as pro.
vided liz Sec. =.
SEC. 4. QUARTERLY MEETINGS OF DIRECTORS.
The regular quarterly meetings of the board
of directors shall be held Oh the I'd Tuesday OF
March. June, September and December Of each
year; and speciul meetings OF said board Of d-
rectors may be called by ,he PRESIDENT when
ever he may deem it expedlent, i'll the absence
OF the president, by the vice presidents; or in the
absence OF both president or vice-president, By
ady two or more OF the directors.
SEC. 5. QUORUM OF DIRECTORS.
A majority of the board of directors shall
constitute a quorum; and for the transaction
OF ordinary business a majority ofsuch quorum
OF directors present shall decide all matters
acted upon; provided. however, that in all mat
tiers affecting tile business Of this company, in.
volvlng an expenditure, purchase or investment
Ill excess OF $1,000, it shall require, at east,
i've affirmative votes OF such direct ors present.
SEC. 6. MEETINGS OF srocK-HoLDERs-How
CALLED.
All meetings OF stockholders shall be called
by a notice i'll writing given or mailed to each
suock-hOlder at least I've weeks prior to said
meeting, stating the time and place OF suct.
meeting; and il u special meeting, the purpose
thereof; provided that, III case of any special
meeting called for the purpose of amending the
article OF incorporation of said company. notice
shall be gwen III the manner prescribed by Chap
te1s SIS and SO Of the 1880 session laws Of
South Dakota.
Sec. Z. SPECIAL MEETINGS OF DIRECTORS.
All special meetings of directors shall be called
by special notice, in writing, to be given to each
director by the secretary on the order of the
president; or upon the order of two directors.
in the absence Of both president and vice-presi-
dent,
ARTICLE II.
ELECTED.
The executive officers of this company shall
consist OF a president, vice-president, secretary,
treasurer, and general manager or superintend-
emit. and they shall be chosen by ballot annually
by the board of directors at their first meeting
The president and vice president shall be
chosen from the board of directors; and tho
other officers may be.
Sec. 9. DIRECToRs,-How ELECTED.
A board Of nine dit ectors shall be elected at
each annual meeting Of the stockholders. All