Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1900-01-26
BYLAWS OF THE COMMERCIAL CLUB
OF HOT SPRINGS.

| stockholders of this corporation shall he
held at the Office of the Company on the first
Tuesday of January of each year, in the city
of Hot Springs S. ID. Each share of the
capital stock of this corporation shall entitle
| the holder thereof to one vote, and such vote
may be cast either in person or by proxy.
Stockholders representing the majority of
! the issued capital stock of said company shall
constitute n quorum at the meetings {of the
stockholders, and at the regular meeting of
the stockholders the Board of Directors shall
be elected by ballot, and majority of the
votes cast shall elect. A two.thirls lsi) vote
of all the shares of capital stock issued shall
be necessary to determine specific question
other than the election of directors.
ARTICLE III.
\ Should no election take place as provided
in Article /, another day may be fixed 6by the
| Board of Directors not less than ten (l0l days
notice of which shall be given to each stock
holder by mail or otherwise.
ARTICLE III.
| The officers of this company shull be n
| President, Vice President. Secretary 4 Treas
urer, who shall he elected by the Board of Di-
rectors: the President and Vice President
from among the members of the Board of Di-
rectors, and the Secretary and Corresponding
Secretary and the Treasurer may he elected
from among tho stockholders. And said Off
GERS shall hold their offices respectively from
the time of their election for and during one
year thereafter and until their SUCCESSORS
are elected and qualified unless sooner re-
moved by majority vote of the whole Board
| of Directors.
= ARTICLE IV.
| 1t shall be the duty of the Board of Direct
ors to supervise and examine the business of
the company and to advise with and assist
the officers in the transaction of such bust
ness us may come before them
ARTICLE V.
| y majority of the Board of Directors shall
constitute q quorum for the Transact on of
business. and IL majority of votes cast shall
determine any question other than the
removal of an officer as provided, for.
ARTICLE vi.
| The Board of Directors shall hold regu lar
meetings mt their office for the transact ion
of business OH the first Tuesday of each
month"; and should that fall upon u legal hol-
itlay the regular meeting shall be held on
such other day us the Directors, ut the pre-
ceding meeting may order. The Board may
hold special meetings upon the call of the
President, Secretary, or of any three or more
! members of the Board. and whenever there
shall not he II quorum Mt any regular or
special meeting the members present may
adjourn the meeting from day to day until u
quorum shall be obtained.
| ARTICLE VII.
| The election of officers by the Board shall be
by ballot and whenever any vacancies shall
occur they shall be filled in like manner mt any
regular or special meeting of the Board.
ARTICLE VIII.
| Whenever vacancy shall occur in the
| Board of Directors, it shall he the duty of
the President or Secretary to call II special
meeting of the stockholders, by giving mt
least ten days notice thereof in writing to
each stakeholder: and at such meeting, the
vacancy i'll the Board of Directors shall be
filled i'll like manner as herein provided for
the election of Directors.
ARTICLE IN.
1t shall he the duty of the President to eN-
ercise IL general direction and supervision
over all affairs of the company as its inter-
ests and security may require. He shall pre-
side nt all meetings of directors and stock
holders, and shall call special meetings when
it shall be necessary as provided i'll these BY
Laws He shall sign all certificates of stock
and countersign all warrants drawn by the
Secretary upon the Treasurer.
ARTICLE "
1t shall be the duty of the Vice President to
perform all the duties required of the Pres
ident, when from any cause the President
shall be unable to serve
}, ARTICLE nj.
1t shall be the duty OF the Secretary to have
charge of the books, documents and other
papers necessary to be preserved belonging
to the company; to keep IL record of the
meetings of the stockholders and directors:
to Sign certificates of stock: to draw and sig,
warrants on the Treasurer when directed by
the Board of Directors: to keep accounts of
the company and to attend to the correspond
ence: to keep u correct account of the cash
of the company and to deposit each day with
the Treasurer the funds of the company
which come into his hands. 1t shall be his
further duty to make semi-annual report
of the conditions of the affairs of the com
pany for examination by the Board of Di.
rectors and also ut my other time when SC
ordered by the Board of Directors. He shal
ut all times exercise u general supervision
over the details of the business of the com.
pany as its best interests may require. The
Secretary shall receive salary of not more
ten dollars tslO) per month, the amount there
l of to be determined and regulated by the
{ Board of Directors
9 ARTICLE MI.
f 1t shall be the duty of the Treasurer to re
. ceive and safely keep all money. drafts
. checks, notes, bonds, deeds or other evi
I dences of value belonging to the company
! He shall deposit the same in the name of tn,
q company in some Bank or Banks to be desig
;, 1ased by the Board of Directors, and shall
pay out the money of the corporation onl,
: upon warrants of the Secretary. counter
S signed by the President and when paid Ii,
i shall cancel the warrants drawn upon hin
= by the Secretary.
6 ARTICLE MIL,
The Secretary and the Treasurer shall b.
required TO furnish to the company goo
and sufficient bonds, to be approved by tn
Board of Directors, in the pennl sum q
u $4,000 conditioned to the faithful discharg
e of the duties of their respective offices. TIL
e bonds of the officers of the company shall b
!, pnced i'll the custody Of stockl.oltler of til
\ company, to be designated by the Board O