The morning call., 1895-02-15

each mile OF road telegraph and telephone line
intended to be constructed or purchased by
said corporation the additional sum OF one
hundred dollars (S1O0l and there has been
paid for the benefit of the corporation, to q
treasurer elected by the subscribers, ten 90
per cent of the amount subscribed.
In witness whereof, we have hereunto set our
hands and seals this day OF February, in
the year of our Lord one thousand eight hun
dred and ninety-five. IsEALl
The bylaws submitted are noticeably
brief and to the point:
Bylaws of the San Francisco and San Joaquin
Valley Railway Company
Article 1.-The time, place and manner OF
calling and conducting meeting: The annual
meeting of the stockholders shall be held on
the third Tuesday in January in each year al
2 P. NJ. in the office of the company and notice
of such annual meeting shall be given by
publication for ten weeks in paper pub
1ished in the place where the principal place
of bus mess of the corporation is located.
Special meetings Of the stockholders may be
called by order OF the president or two di.
rectors, and upon ten days notice to be pub
lished in at least one newspaper in the city and
county of San Francisco.
All meetings of the directors shall be held at
the Office of the company in the city and
county of San Francisco.
Regular meetings of the directors shall be
held on Tuesday in eacn week at P. M, with
out further notice.
Special meetings of the directors shall be held
upon order of the president or the directors,
and, upon written notice of not less than one
day. given to all directors present and to be
found in the city and county of San Francisco,
either by personal service or by sending the
same through the United States mail, postage
paid, addressed to the directors at their place OF
business or residence.
Voting at stockholders meeting shall be by
ballot, one vote for each share.
At directors meetings voting shall be viva
yoce, but any director may have the roll called
and the ayes and noes taken and recorded upon
any question by demand thereof previous TO
the announcement of the result OF viva-voce
vote.
Article 1.-THE number of stockholders and
members cOnstitu ting quorum: majority
of capital stock represented in person or by
proxy shall be necessary to constitute aquorum
for the transaction of business at q stock
holders meeting.
Six directors shall constitute quorum at a
meeting of the board of directors.
Article III-Mode of voting by proxy: All
proxies shall be in writing, signed by the
stockholders and filed with the secretary.
Article lV-The time of the annual election OF
directors, and the mode and manner of giving
notice thereof The annual election shall take
place at the companys Office, in the city and
county of San Francisco, on the third Tuesday
OF January, at the hour of O'Clock NJ, the
same being the regular annual meeting of the
stockholders. At such meeting directors shall
be elected TO serve for the ensuing year. and no
person shall be qualified to act as a director
unless such person shall be the owner OF at
least fifty shares of the capital stock of said
corporation standing in his name on the books
OF the company.
Article VThe conn nsation and duties of
officers mpensation-The directors shall
choose from their number a president, first
and second vice-presidents, and shall also ap-
point treasurer, secretary, general manager
and attorney, with power from time to time to
fix their compensation and increase or dimin-
lsh the same, as they may deem best in the in
terests OF the company. All services of di-
rectors are to be deemed gratuitous, unless
otherwise expressed by resolution.
SeCOnC-Ine president shall sign as DraSi-
and all other instruments of writing which
have been first approved by the board of di-
rectors, and affix the corporate seal to all in
struments requiring a seal.
Third-The president shall call the directors
together whenever he deems 1t necessary, and
shall have, subject to the advice of the direct
ors, direction of the affairs OF the corporation.
He shall preside at all meetings of directors
and stockholders. No contract for the expen-
diture of money or the incurring of any obli-
cations on the part OF the corporation for a
sum exceeding $4,000 shall be made or executed
by any officer OF the company, except it is first
authorized by majority vote of the directors
present at a regular or special meeting of said
board of directors. In the absence of the
president, or in case of his disability. the first
vice president, or if he cannot act, the second
vice president, shall perform the duties of the
president
SECRETARY-First-It shall be the duty of the
secretary to keep record of the proceedings of
the board of directors and of the stockholders
Second-He shall keep the incorporate seal of