The La Jara chronicle., 1906-07-20

The fiscal year shall begin ON the trs,
day Of August and end ON the thirt, first
day of July of the calender year following.
section seven OF article four, of the BY
Laws. amended to read as follows:
The Secretary shall call special stock
holders meeting TO lie held at the time of
the fuecting of the Board of Directors on
the first Monday of July in each year. for
the purpose of nominating candidates for
Directors to lie voted for at the annual
stockholders meeting held ON the first
Monday in August of each year.
II is also proposed to omit all of section
two of article seven OF the BY Laws.
section three of article seven, of the BY
Laws. amended to read as follows:
section ,.
The Secretary for non-attcndnnCe upon
the meetings of the Board of Directors or
stockholders, shall be fined one dollar. and
for neglecting or refusing to render Il state
uicut of the operations of the Corporation
a. required by article four. of the BY Laws
shall be fined five dollars at the option of
the Board of Directors.
1t is also proposed to omit all of section
tlrcc of article ten. of the BY Laws:
section one of article eleven. of the BY
Laws, amended to read as follows:
At the regular meeting in July tor AN
adjourned meeting thereof the Board of
Directors shall appoint three auditors, to
h,. selected from the stockholders. not
officers of the Corporation. whose dutyxit
shall lie to audit the books of the Secretary
and Treasurer as soon as the business of
the fiscal year ending July 3ist can he
closed up.
said auditing committee must submit
their report at the annual meeting of the
Board of Directors held ON the last business
DAY Of July of said year
section two Of article eleven. OF the BY
Laws. amended to read as follows:
At the regular meeting in July Tor ut
meeting thereof the Board of
Directors shall appoint committee of
three stockholders to npportion the earn
iugS among the stockholders for the fiscal
wear ending July 3lst. as soon the bust
ness of the year can be closed up.
said npportiourucnt committee must
submit their report at the annual meeting
ni the Board of directors held ON the last
business day Of July of said year.
section three of article clcven.-of the BY
Laws amended TO read as follows:
Either of the committees provided for in
This article shall have the power Ia employ
"a competent person to assist them i'll the
preparation OF their report nt am expense
not to exceed fifty cents an hour for the
services OF said assistant.
Provided that Il majority of the Board OF
Directors present at said meeting approve
of this notion by either or both OF said COM
section one of article fourteen. of the BY
Laws, amended to- read as follows:
Nj persons paying six months dues ar
over in advance to the Association shall
I.,. entitled to receive interest at the rate of
three per cent. per anuum for money so
paid. provided that in the opinion Of IL
majority of the whole Board Of Directors
fhr money SO advanced would he a benefit
.H the Association.
section two OF article fourteen, of tie By
I-ty.-. amended t" read as follows:
Under no circumstances will amy dues ON
-rpgl, sold he received for period extend
.ua hcyond the end OF the fiscal year.
section one nf article nineteen. nf the By
Laws. amended to read as follows:
The President shall appoint AN nppraising
.urmittcc to consist of three members of
he Board of Directors. for the term of three
or until their successors shall have
been duly appointed. whose duty il shall
Board OF Directors by ii majority vote may
reject the appraisers report of any and all
Signed: Leroy Wilson, II. l.. Van Necil- |
zen. Luther y. \oriand. Clifton II. Wilder.
l.. ID. Eskridge. :. T. NewC0mb, Il. :. John
son. ID. +. NewCOub. J. White johnson.
rhos. MCCunnitt.
You are earnestly requested to he present
,r send your proxy. {. H. WILDER.
Secretary.