The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-03-22
Bylaws of The Black Hills Co.opera.
tive Company.
ARTICLE I. Meeting.

SEC. 1. The regular annual meeting of the
stock.bolders OF this company shall be neld on
the office Of said company in Rapid City, 8. D.,
and special meetings may be called at any time,
In the manner hereinafter provided. Compiled
Laws, Sec. 1881.
SEC. 2. A representation Of d majority OF the
subscribed ssssat9dn stock !; * , shall BE- ), necessary &c. for the
and every person acting thereon. either in per-
son or by proxy or representative, must be q
bona hde stakeholder, having stock IN his own
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
show by and to whom they are gwen. and for
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;
filed with the secretary of the -mpany; as pro.
vided liz 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
year; and special meetings OF said board of di-
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
absence of both president or vice-president, by
-
SEC. 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
tiers affecting the business OF this company, in
volving an expenditure, purchase or Investment
IN excess OF $1,000, it shall require, at least,
SEC. 6. MEETINGS OF sTocK-HoLDERs-How
CALLED.
All meetings Of stockholders shall be called
by a notice in writing given or mailed to each
sCock-holder at least TIVE weeks prior to said
meeting, stating the time and place Of such
meeting; and 1t a special meeting, the purpose
thereof; provided that, i'll case of any special
meeting called tor the purpose Of amending the
article OF incorporation of said company. notice
shall be gwen ~ the manner prescribed by Chap
ters SIS and So Of the 1890 session laws OF
South Dakota.
SEC. Z. SPECIAL MEETINGS OF DIRECTORS.
AL special meetings OF directors shall be called
by special notice, III writing, to be given to each
president; or upon the order Of two directors,
IN the absence OF both president and vice-presi.
dent,
ARTICLE II.
SEC. i. OFFICERS OF THE coMPANY.-How
ELECTED.
The executive officers OF this company shall
consist OF y 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
immediately after the election OF said board.
The president and vice president shall be
chosen from the BOARD OF directors; and the
other othcers may be.
Sec. 2. DIRECToRs.-How ELECTED.
A board Of nine directors shall be elected at
each annual meeting of the stockholders. All
elections Of directors shall be by ballot. and !.
vote OF stockholders representing a majority Of
the subscribed capital stock shall be necessary
Tn q 0h0l0 - In NAan nj fh0 In ~. ~
OF any director the vacancy shall be filed BY
the board Of directors It q meeting called upo,
such notice as is required for special meetings
OF the board OF directors. Compiled laws Of
South Dakota, Sec. .925.)
SEC. 3: ELIGIBILITY TO OFFICE AS DIRECTOR.
No person shall be eligib,e as a director un-
less he is q bonaide owners OF at least one
share of capital stock and after the frss 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. 4: DIREcroRs TERM OF OFFICE.
Inc directors shall serve for one year from
the time OF their election, and until their sue.
cessor IN oficesare elected and qualified.
ART.3. Powers AND DUTIES OF oFE1cERs.
The president shall preside at all meetings of
the directors or stock holders, he shall sign, as
president all certificate of stock and ali con-
tract and Other Instruments i'll writing which
nave been tlrst approved Dy the board OF direc-
tors. He shall call the directors together when.
ever he deems 1t necessary, or at the written
request OF two directors; and he shall nave
subject the advice, control and approval ofthe
directors the general superintendent Of the at
falrs OF the company in the absense or inability
OF the president the vice-president shallperiorm
all the duties of said office.
SEC. 2: Powers N DUTIES OF TREASURER.
1t shall be the duty of the treasurer to re-
cieye and keep safely, at such place or places as
shall be designated By the directors ali monies
belong to the compay and to disburse the same
under the direction OF the board of directors.
Upon order signed by che president and secre.
tary. The books kept by the treasurer shall he
at all times subject TO the inspection of the
president and board OF direc.
tors and every three months, or oftener If re-
qulred, he shall submit to the said board of di-
rectors at their regular quarrealy meetings a