The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1901-05-09

ship. contracts and other legal instru-
meuts executed by the company, and
place the imprint of the corporate seal of
the company thereon.
He shall have the custody of the seal
of the Company and the minutes record.
which same shall be kept open at all
tunes for the Inspection of the Directors
or Stockholders of the Company. He
Shall issue all calls made by the President
or the Board OF Directors He shall rend-
err "a written statement, when called upon
by the Board OF Directors for such, on all
matters pertaining to The business of
the Company
He shall carefully prepare an accurate
annual statement Of the finincial condi-
ton of the Company and present the
same to the Board Of Directors Two weeks
prior to the annual meeting. and shall
perform such other duties as appertain
to the Office.
He shall receive such compensation
for such services as the Board of Direct
ors may consider adequate.
SEC, u
The duties of the Treasurer shall be,
TO receive all money paid to the Company
and give his receipt for the same. To
deposit in the name Of the Company in
local Bank or Banks, all monies of the
Company. received by him. To pay all
warrants drawn on the Treasury and
signed by the General Manager, or by
the President and countersigned by the
Secretary, and ordered by the Board of
Directors
he shall render TO the Board of Direct
ors financial statement of the affairs of
the Company at any time he may be call
ed upon so TO do, and shall carefully and
accurately prepare an annual statement
OF receipts and disbursements for the
year and present the same to the Board
of Directors, two weeks prior to the
annual meeting
lie shall receive such salary as the
Board of Directors may determine and
he shall give good and sufficient bond
in double this amount to the funds which
may be in his hands at any time during
his term of Office.
SEC. 10
The duties of the General Manager
shall be. TO have general management Of
the details of the business. of the Com
pany, TO employ such assistance as the
prosecution of the business may require
and discharge the same at his option. TO
appoint agents for the sale of shares of
Stock OF the Company, or sale of mer-
chandise or other commodities, the
Company may have TO dispose of. To
make contracts for the purchase of
supplies necessary to conduct the bust
ness of the Company. To draw warrants
on the Treasurer for the payment of
salaries, supplies purchased and incident
al expenses in conducting the business.
lie shall be at all times under the control
a ND n
his BOOKS shall be open at all times TO
inspection of the Board of Directors, and
he shall be required to make full, com
pete and accurate statement in writing
OF the affairs of the Company under his
control, at any and all times the Board
may request the same and shall render
full and complete annual report and
present the same to the Board of Direct
ors two weeks prior 10 the annual meet
ing. He shall receive such salary and
give bonds in such sum as may be deter
mined upon by the Board of Directors
SEC. IA
The officers of the Company, except
those named in Sections l1-l2-13 of these
Bylaws, shall receive no salary for SER
vices as officers.
SEC. Is
No debt or liability shall be incurred
by the Board OF Directors, TO exceed fifty
percent OF the subscribed stock
SEC. 1G
Dividends may be declared from ac-
crued profits, AT any time the Board of
directors may deem it expedient.
SEC. II
Loans on good real estate security NAV
be made by the Board of Directors, when
ever surplus funds in the Treasury may
warrant The same. The rate of interest
on said loans. and the value of the
security on the same to be determined by
the Board of Directors
SEQ. is
subscriptions TO the Capital Stock of
this Corporation may be paid in monthly
installments of two dollars ($2. 0O) per |
share.
SEC. 10
The time at which the payment of |
monthly installments shall become due.
is the fifteenth Q5) day of each month.
SEC 20
subscriptions must be paid to the
Treasurer of the Company or to its duly
authorized collector. A pass book will
be furnished each subscriber. and his
payments will be entered therein by the
SAID Treasurer or Collector which entry
properly made, will be receipt for the
payment so made
SEC. 81
Certificates of membership will be is.
sued to each subscriber signed bv the
President, and countersigned bv the
Secretary OF the Company, which state
upon It's face the conditions of subscrip-
ton and payment of the same. The name
to whom issued, the number of shares bv
him subscribed. time of maturity, man.
ner OF redemption by the Company. and
penalty, fines and forfeiture in the event
OF such monthly installments becoming
delinquent.
SEC. %
ln case of default in payment of any
monthly installment on subscription to
the Capital Stock of this Corporation. due
on the fifteenth Q5) day of each month.
the same shall be declared delinquent on
the first day of the succeeding month, and
fine of Twenty-Five cents is hereby i'm
posed on each delinquent share for each
month the same remains unpaid. If the
subscriber does not. within period of