The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-04-05
Bylaws of The Black Hills Co-opera,
tive Company.
ARTICLE L. Meeting.

SEC. L. 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,
III 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 i'll per-
son or by proxy or representative, must be a
bona fde stakeholder, having stock IN his own
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. 8. At all meetings OF the stockholders,
each stakeholder shall be entitled to one vote
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
filed with the secretary Of the C mpany; as pro.
vided in Sec. 2.
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 special meetings OF said board Of di-
rectOrS may be called by he president when
ever he NAV deem it expedlent, III the absence
of the president, by the vice president; or in the
absence Of both president or vice presideut. by
ady two or more OF the directors.
SEC. s. QUORUM OF DIRECTORS.
A majority of the board of directors. shall
constitute a QuOru1n;, and Tor 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.
volving an expenditure purchase or investment
in excess Of $1,000, it shall require, at east,
five affirmative votes OF such directors resent.
SEC. g. MEETINGS OF
CALLED.
All meetings Of s~tork-holders shall! be called
by a notice i'll writing given or mailed to each
suock-holder at lea-t TIVE Weeks prior to said
meeting, stating tie time and place Of sucf,
meeting; and II d special meeting, the purpose
thereof; provided thst, in case of any special
meeting called Tor the purpose of amending the
shall be gwen III the manner prescribed by Chap
tiers SO and SO OF the 1890 session laws of
South Dakota.
SEC. Z. SPECIAL MEETINGS OF DIRECTORS.
Ali special meetings Of directors shall be called
by special notice, in writing, to be given to each
president; or upon the order Of two directors,
in the absence OF both president and vicepresi-
dent,
ARTICLE II.
Sec. i. OFFICERS OF THE coMPANY.-How
ELECTED.
The executive officers OF this company shall
consist OF a president, vice-president, secretary,
treasurer, and general manager or superintend-
ent, 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 the
other officers may be.
SEC. 9. DIRECToRs,-HOw ELECTED.
A board of nine directors shall be elected at
each annual meeting OF the stockholders All