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

representing at least onelourth ofthesubscs9bea
capital stock. Second: no supervise all acts q
the officers andenployees; require the secretary
and accounts. and to prescribe the form and.
mode Of keeping such books. Third: Te cause
to be iseued to the stockholders in proportion
not to exceed, i'll the aggregate, the capital stock
Of said company: provided that no one stock
holder shall own or control to exceed twenty
shares OF said stock.
SEC. 8. POWER OF DIRECTORS TO REMOVE Off
GERS, AND REQUIREMENTS OF EMPLOYEES.
The board OF directors shall have power to
remove any officer or employee of this company
from such office or employment on account of
incompetency. ineffciency or wilful neglect. or
misconduct. immoral conduct, or other just
cause; and no employee OF this company now
employed, or hereafter to be employed, shall be
permitted to engage in the service of the COM
ing the individual and joint liability of the other
stockholders of the company from the payment
OF his lain for such service or employment.
ARTICLE v.
Sec. 1. PAY OF DIRECTORS.
The members of the board Of directors shall
two dollars each day actually engaged at any Of
the regular or special meetings OF the company;
and mileage at the rate of five cents per mile for
each mile actually Travelled by the nearest GUS
tOmary route coming to and going from such
meetings.
SEC. 2. SALARIES OF OFFICERS AND EMPLOY
EES.
The president. secretary, general manager Or
superintendent. and the other employees Of the
company shall receive such compensation for
their services as the board of directors shall de-
termine; provided, however. that to fix such
salary or,compensation shall require a majority
vote of al the members of the board OF direct
OrS.
ARTICLE vi.
CONTRACTS OF OFFICIALS.
No contract by any officer or employee Of the
company shall 90 valid without Che previous
authorization or subsequent ratification Of the
board OF directors.
ARTICLE VII.
CERTIFICATES OF STOCK.
Certificates of stock shall be OF such form and
device as the board of directors may direct; and
such certificate shall be signed by the president
president, by the vice-president) with the seal
OF the company affixed; and said certificates
shall express on their face their number, date.
person to whom issued. Several. shares may
be issued to the same person or persons, pro-
vided that. In the aggregate, they do not exceed
or persons; and provided tgrthes' chat that no pes per.
son shall have issued to him or her nor be the,
owner Of to exceed twenty shares at any one
time.
The certificate book shall contain a margin
on which shall be entered the plumber, date.
number OF shares. aud name or names Of the
person or persons. expressed In the correspon-
ARTICLE VIII.
HOW TO fRANsTER STOCK.
Shares Of stock may be transferred at any
time by the holder or holders thereof, or by
attorney legally constituted. or legal represent
ative. to any other member of this company;
but no such transfer shall be valid except be-
tween the parties thereto, until the same is so
entered upon the books of the company As to
show the names OF the parties, by and to whom
transferred, the number and designation of the
shares, and the date OF the transfer.
Before any such transfer shall be entercdupon
the BOOKS OF the company the certificate of
stock 80 transferred shall be surrendered and
cancelled and a new certificate shall be issued
in lieu thereof. Compiled laws, Sec. 2915J
The TRANSFER OF any shares of stock shall not
De valid upon which any portion Of the amount
subscribed is unpaid, or the holder OF which is
indebted to the company on any account what
ever.
ARTICLE TX.
BOOKS OPEN TO INSPECTION.
The books and papers in the office of the Sec
company. shall be open to inspection % pro-
vided by law.
CORPORATE SEAL.
The seal OF tie company shall be circular in
shape. and shall have inscribed upon the outer
ring OF thecircle the words: ''Black Hills Cooper
alive Co.. South Dakota, ana upon the inner
ring the word: "Seal.'
ARTICLE XXI,
AMENDMENTS TO. VS..
These bylaws may be repealed or amended,
or new bylaws may be adopted. at any annual
meeting, Or a1 amy other meeting OF the stock
holders called for that purpose by the directors,
by a vote representing two.thirds of the sub
scrlDed stock. Compiled laws, Sec. 2922.)
ARTICLE XII
BYLAWS MUST BE CERTIFIED. BYLAWS OPEN
TO INSPECTION,
All bylaws adopted must be certified by q
majority vote OF the directors and the secretary
or the corporation, and copied in q, legIble nand
IN some book kept in the Office OF the COMPANY
to De known as, the Book of By-Laws,' and no
bylaw shall take effect until SO copied; and the
BOOK shall then be open to inspection, as pro
vided by law.
IF BYLAWS ARE EPEALE MUST BE STATED.
Whenever any amendment or new bylaw is,
adopted it shall be copied in the book ofbylaws
with the original bylaws, and immediately after.
them, and shall not take effect until so copied.
II any bylaw be repealed the fact of the repeal,
with the date OF the meeting at which the repeal
was enacted, shall be stated in said book, and
until SO stated the repeal shall not take effect.
Compiled laws, Sec. 1929
SECRETARY 30 KEEP BOOK OF BYLAWS.
These bylaws shall remain in the possession,
OF the secretary OF the company.