The wageworker. (Lincoln, Neb.) 1904-????, 1907-10-18

the association in case of death, resig-
nation or removal from Office of all
books, papers, vouchers, money or
other valuable property of whatever
kind in his possession
Article IV.-QuaIifications.
Sec. 1. No one shall be eligible to
hold any office in this association
who lis not the owner of one or more
shares of the associations capital
stock. The sale or transfer of any
officers stock shall operate ipso facto
as a resignation and create vacancy
in his Office.
Article V.-FiIling of Vacancies.
Sec. 1. If the office of one or more
directors shall become vacant, it shall
be the duty of the remaining direc-
tors, or a majority thereof, to select
a successor, who shall serve during
the unexpired term. Provided, how
ever, that stockholders representing
twenty-five per cent of the stock out
standing may demand an election by
the stockholders, in which event the
secretary shall give twenty days no
tice of such election and provide for
holding the same. and upon the date
filed stockholders may select a direc-
tor to fill said vacancy, the candidate
or candidates receiving the highest
number of votes being declared elect
ed thereto.
Article M.-Duties May Not Be
Delegated.
Sec. 1. No officer of this association
shall be permitted to delegate his
duties to another without the consent
of the Board of Directors.
Article Vil.-CapitaI Stock
Sec. l. The capital stock of this as
ISOLATION shall be FIFTY THOUSAND
DOLLARS, divided into fifty thousand
shares of the par value of One Dollar
each, 10 per cent of which shall be
paid at time of commencing business.
Sec. 2. The stock of this association
shall be forever worcestershire, and
this proviso shall not be altered nor
repealed and shall form condition
upon which all stock of the associa-
ton shall be issued
Sec. g. No individual shall be en-
titled to hold, nor shall he hold, either
in his name or her name, or the name
of another, more than one thousand
shares of the capital stock of this as
ISOLATION. Nor shall any trades or
labor union affiliated with the Amer
lean Federation of Labor hold more
than five thousand shares of the CAPT
tai stock of this association. No Or
ganization not affiliated with the
American Federation of Labor, nor
any company, association, society or
guild, shall be allowed to hold stock
in this said Labor Temple Building
Association of Lincoln, Nebraska.
Article ViII.-lssue and Transfer OF
Stock.
Sec. 1. The president shall cause to
be issued to each stakeholder one OF
more certificates representing the
number of shares owned by him in the
company, signed by the president or
vice-president, and by the secretary
and treasurer, and bearing the cor
porate seal. Neither the president
nor treasurer shall sign blanks and
leave them for use by the other, nor
sign them without the knowledge OF
the apparent title of the person to
whom they are issued. In case of the
absence or the disability of either OF
said officers, the signature of a ma.
jority of the board of trustees in his
stead shall be sufficient The stock
of the association is transferable only
| upon it's books by the holders of the
shares in person or by their legal rep
resentatives, and upon such transfer
the old certificates shall be surrend
cred to the company by delivery
thereof to the person in charge OF
the stock and transfer books and
ledgers, or such other person as the
directors may designate, by whom
| they shall be cancelled and new Ger
| tificates shall thereupon be issued. A
| record shall be made of such transfer
and ISSUE Whenever any transfer
shall be made for collateral security
| and not absolutely, the fact shall be
SO expressed in the entry of said
transfer. Provided, that all or any OF
| the shares of stock subscribed for al
Jr prior to the meeting of associates
for the organization of this associa
ton, or at any adjournment thereof
| may, before the issue of stock Ger
tificate to any such subscriber, be
transferred by him by an appropriate
instrument of transfer signed by hi.
or by his duly authorized attorney
A copy of such instrument in the
record book of the secretary of the