Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1897-04-09
Bylaws of the Farmers M1iihg
Co. Limited, Adopted
March %, 1897.

Co. Limited, Adopted
March %, 1897.
ARTICLE Et
The oeicers of this company shall consist Of
a President, Vice-President. Secretary ana
treasurer. who shall be chosen by the directors
from among themselves.
ARTICLE II-DIRECTORS.
A Board of Directors shall be elected at eacn
serve for one year from the last Saturday IN
1897, and until their successors are
elected and qualified. -rk
ARTICLE UI-DUTIEs OF OFFICERS.
SECTION l. The President shall preside at
lie shall sign as president, all certificates OF
stock and all contracts and other instruments
in writing. which have been FIRST aPpsovea Dy
checks and warrants upon the treasurer. ne
shall call all the directors together whenever
he deems 1t ne cessary, and he shall nave; SUD
the general superintendance of the afairs o.
the company. In the absence or inabiIty OF
the president, the vice. president shall perform
SEC Z. Treasurer. 1t shall be the duty of
the treasurer to keep safely all money belong
ing to the company, and disburse the same
on warrants signed BY the president and sec
rotary. At each meeting Of the stockholders or
the Board ofdirectors he shall submit com
Vouchers for their information. He shall dis
charge such other duties pertaining to his Of
fee as shall be prescribed by the Board OF d.
the Board Of directors in the amount Of $1,000,
with not less than two approve securities
SEC. 8. 1t shall be the duty Of the secretary
directors and Of the stockholders. He shall
keep the book OF blank certificates of stock, I'LL
up and countersign all the certificates Issued.
stock ledger In debit and credit form, showing
the number OF shares issued 70 and transferred
to any stockholder. and the dates Of such issu-
checks, keep proper account books and dis.
charge such other duties as may be prescribed
by the Board Of directors He shall be re.
quired to give bond In the same amount and
specifications as the treasurer.
ARTICLE w.
SECTION l. The Board of directors shall have
power to call meetings OF stockholders when
ever they deem 1t necessary. giving not less
county newspaper. and the Board shall call a
meeting OF the stockholders at any time upon
written request for that purpose OF persons
issued.
SEC. ?. To make rules and regulations not
Inconsistent with the laws of the State OF
guidance OF the officers and management of
$ SEC. J. 70 declare dividends out of the SIR.
SEC. 4. To incur such Indebtedness as he
may deem necessary. Provided, That no in
debtedness over $1,000 shall at any time be In
execution by the pre- sident and secretary Of
any note for such Indebtedness.
ARTICLE v.
SECTION i, 1t shall be the duty of the Board
OF directors to cause to be kept complete rec
ord show ing the assets and liabilities OF the
company and the general condition OF its af-
fairs.
SEC. 2 To supervise all the acts of the off,
RQr n q nj md IN ri a hn Torn
and mode OF keeping the books and accounts
by the secretary and treasurer.
SEC s :. s. IT. TO cause the monys Of the company
where they shall be kept and deposited.
ARTICLE VI.
SECTION l. Ageneral superintendent or mil.
Ter shall be appointed by the Board of direc
tors and be removed at their pleasure. He
shall have charge OF all the milling p; operty
all labor and business pertaining to the inter
ests, objects and operations OF the company al
the mill. but entirely subject to the direction
president OF the company.
SEC. 3 To make monthly returns to the
Board Of directors Of all persons employed al
the mill; to add statement OF all expenditures
accompanying same by necessary vouchers
and q similar statement of -four bran and
shorts manufactured and the disposition of the
same, and report the general condition of the
mill.
SEc. 8. To make requisions upon the Board
os .hey
but he shall not have the authority to sigr
notes or contract for the company; neither
shall he have the power to incur indebtedness.
unless SO especially authorized by the pr esi
dent or Board Of directors.
ARTICLE VII.
The members of the Boa I'd of directors shall
require no compensation for their services a.
lowed reasonable incidental expenses wher
actually engaged in the business of the com
pany. The superintendent and seer etary shall
receive such compensation for their service,
as the Board of directors shall determine.
ARTICLE VIII.
No contract of any officer of the company
shall be valid without the previous authorize
ton or subsequent ratification by the Board Of
directors.
ARTICLE TX.
ing of the stockholders shall be held upon the
the last Saturday of each year at Denver
County and State of Idaho. representation
be necessary for the transaction Of busin ess al
all meetings of the stockholders. At such
meetings a. feprese NATION by proxy duly ap.
or person representing the same shall be al
lowed more than fifty votes.
SEC 2. 4 regular monthly meeting of the
Board of directors shall be held upon the last
Saturday of each month. Special meetings OF
the Board may be called by the president
whenever he may deem 1t expedient. ma
yOllty vi tuN DOdru Sudll CONSTITUTE quorum
ARTICLE X.
SECTION l. Certificates of stock shall be OF
such form and device as the Board of directors
may determine. Provided The certificates OF
stock shall prescribe upon their face that they
are worcestershire, and transferable to any
person. Each certificate shall be signed by
the president and secretary, and express ON
its face its number, date Of issuance number
OF shares for which, and the person to whom
issued.
SEC. 2. Several certificates of stock may be
issued to one person. Provided, However
that certificates representing not more than
fifty shares shall be issued to more than one
person.
ARTICLE XII.
This company shall do an exchange business
and shall not give less than thirty-fve pounds
of No. flour for each bushel ONO. wheat
Provided, That this rate OF xchsnge shall be
limited to l21z bushels of wheat for each mem
Der of the family offs subscriber to stock In
this company.
ARTICLE XIII.
These bylaws may be amended at any meet
ting of the company by q two-thirds vote O
the subscribed stock.
ARTICLE XIV.
THESE bylaws shall always be In the posses
sion Of the secretary of the company.
ARTICLE XIV.