Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1905-03-31

so purchased by the com pany shall be held as
common stock of the company but can be sold
Sse 1t the time 81 pnrcSass n scb
stock shall be held by the company for sale
until the first regular meeting of the board of
directors thereafter and il accepted, then the
company shall have thirty days to close the
sale. II 4H
Section The treasurer shall receive all
ceipt:therefor and shall pay out the same under
the direction of the board of directors keeping
ia a suitabls book a true record thereof. He
and disbursements to the directors at their reg
uIar quarterly meetings and an annual report
of the same to the sharehold ers at the annual
shall at all times be open to the inspection Of
the directors and shareholders, He shall also
twenty five thousand dollars at the dscretiop
OF the board OF directors, S5
ARTI, LIE w.
Section 1.-Certif Gates of Stock.-The certi.
ficates of capital stock.of the corporation shall
be issued in such form as the board of direc.
registered as issued, They shall exhibit the
holders name, the numbers of shares and shall
be signed BY the president and countersigned
Section 2..Transfers OF stock shall be made
only on the books of the corporation in the
presence Of the secretary or other authorized
in person or by his attorney in fact In case Of
transfers by executors, administrators, guar
dams or any other representation, duly authen.
ticated evidence of their authority shall be
produced to the corporation. No transfer shall
be made until the certificate granted to the
j? delivered up e the ccrporaten
as vesting any ownership in the So me or in any
other than in the person in whose name it is
I've ns
the books of the corporation afore said,
Section SAN applications for stock must
re
fer or surrender of any certificate it shall be
Immediately cancelled and pasted in the mar
gin of the certificate book from which 1t was
originally taken and a regular register shall be
kept of every certificate issued showing the
number thereof, the name of the person to
whom it was issued and the number of shares
certified therein, which register shall be
kept by the secretary, on the transfer and can
collation. of any certificates. The secretary
ficates opposite to the proper numbers and
mark such certificates cancelled. No certii-
Gates shall! be transferred or dividends paid
thereon when the holder is in debt to the cor.
poration.
ARTICLE v.
Section 1.-The members of the board of di-
rectors shall receive $500 per day for all regu-
lar or special meetings which they attend.
amended at any annual meeting Of the stock
no ders present by majority vote of all The
stockholders, notice in writing being given at a
previous meeting.
ARTICLE vi.
Section 1.-No vote cha II be allowed in this
company by proxy.
Section 2.---No person by taking share in
this Company shall be liable for anything but
the amount signed by him. I he stock Of this
company being worcestershire and fully paid
up. $4,000 is amount to be raised before any
work on building is begun.
We, each and every stakeholder of this CON.
pany selling grain at Devils Lake, agree if
other elevators pay more than this company
can afford then cell where you can get the most
but If four cents or more is paid allow one cent
to go to the running expenses of our own COM
pany, and il two cents or less is the gain then
allow one-half cent to go to the running expen-
ses of our own plant. All