The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-03-15
By-Lavs * The Black Hills Co.opesa.
tive Company.
ARTICLE I. Netting,

by-Lavvs of The Black Hills Co-opera.
tive Company.
ARTICLE I. Mestine.
snc.1 Tho regular annual needing 81 the
STOCKHOLDERS OF this company shall IS sneld On
the third Tuesday Of December Of each year, at
sns o sSss,s q sdst, company IN RAPID CITY. 8 p,
N the manner hereinafter provided. Compiled
Laws, Sec. 9
SEC. 2. a representation Of a majority OF the
transaction OF all business 81 the Stockholders,
ana every person acting thereon. either In per-
son Or 6y PROXY or representative, must be .
name on the stock book at least ten days prior
to said meeting, Compiled laws, Sec. 2931.)
Proxies may be in any form In writing, and
what meeting; and duly filed with the secretary
before voting; providing that proxies are given
to members only OF this company.
Sec. 8. At all meetings OF the stockholders,
for each share of stock held by him, and such
vote may be cast either in person or by proxy;
provided such proxy shall be in writing and
vided in Sec. 2.
SEC. 4. QUARTERLY MEETINGS OF DIRECTORS.
The regular quarterly meetings OF the board
OF directors shall be held on the Sd Tuesday Of
March, June, September and December Of each
rectors may be called by the president when.
ever he may deem it expedlent; in the absence
Of the president, by the vice president; or in the
ady two or more OF the directors.
SEQ. s. QUORUM OF DIRECTORS.
A majority OF the board Of directors shall
constitute q 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
ters affecting the business OF this company, in
in encsss an r. expenditure q %@d r. 1 purchase sec, or Investment '
five affirmative votes OF such directors present.
SEC. 6. MEETINGS OF
CALLED.
All meetings OF stockholders shall be called
by e notice in writing given or mailed to each
stock-holder at least tive weeks prior to said
meeting, stating the time and place of such
meeting; and il q special meeting, the purpose
t Thereof; p pa1,yd *. that. in case ,of any special
artlcle OF incorporation OF said company, notice
shall be gwen IN the manner perscribedb by Chap
tors Do and So OF the 1890 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
In the absence Of both president and vice-presi.
dent,
ARTICLE II.
SEC. i. OFFICERS OF THE coMPANY.-How
nLEcTED.
The executive officers OF this company shall
consist of 9 president, vice.president, secretary,
treasurer. and general manager or superintend-
ent. and they shall be chosen by ballot annually
Immediately after the election OF said board.
The president and vice president shall be
chosen from the board of directors; and the
other officers may be.
SEC. ,. DlREcroRs,-How ELECTED.
A board OF nine dilectors shall be elected at
each annual meeting Of the stockholders. All
elections OF directors shall be by ballot, and q
vote OF stockholders representing q majority Of
n HnhSnNiho6 no a OF Nnb> shall 114 IVY
to q choice. In case Of the death or resignation
OF any director the vacancy shall be filled by
the board OF directors 1T a meeting called upon
such notice as is required for special meetings
OF the board of directors. Compiled laws Of
South Dakota, Sec. 2925)
SEC. 3: ELIGIBILITY TO OFFICE AS DIRECTOR.
No person shall be eligible as a director un-
less he is q bonatide owners OF at least one
share OF capital stock and after the first cleo
ton must have been a stakeholder for at least
six months prior to his election as such direc-
tor. Compiled laws sec. 20, 20.
SEC. i: 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. 3. 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
have been first approved by the board OF direc-
tors. He shall call the directors together when
ever he deems it necessary, or at the written
request of Two directors; anu he Shall have
subject the advice, control and approval o the
directors the general superintendent OF the al
fairs OF the company in the absense or inability
OF the president the vice-president shallpertorm
all the duties OF said office.
SEC. 2: Powers AND DUTIES OF TREASURER.
1t shall be the duty OF the treasurer to re-
'cleve 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
under the direction OF the board Of directors.
Upon order signed by the president and seCre-
tary: The books keptiby the treasurer shall be
at all times subject to the inspection of the
president and board OF direc-
tors and every three months, or oftener II re-
CURED, he shall submit to the said board of di-
rectors at their regular quartealy meetings q
complete ltemtsed statement OF his account
with the proper vouchers for their Information.
He Shall receipt to the secretary Tor all molies
received by him At each annual meeting of
the stock holders he shall submit a complete
statement OF his accounts for the past year
with the proper votches for their m~lOrmatiou.
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 Jhereupon, i'll the sum OF nve
Thousand dolIars with two or more sufficient
.suriLies 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 secret ary to keen
q record OF the business transaction Of this
company, he shall keep asjournal of hi meetings
OF the board OF directors and of che stock
holders, with the time aud place Of holding the
same, whether regular or special, and il special
tbs object, how authorized. and the notice
thereof givenlng the record must embrace every
act done or ordered to be done. Must state
who We're present and who were absent and il
requested by any director or stock holaer the
time shall be noted whenever he enter the meet
ing or obtained leave of absense tharefrom