The wageworker. (Lincoln, Neb.) 1904-????, 1907-10-04

| tees. He shall disbursa the funds of
| the association as may be ordered by
the board of trustees, and shall render
| to the president and the Board of
Directors at the regular meetings OF
the Board of Directors or whenever
said board shall require it, an account
of all transactions as treasurer and of
the finarcial condition of the associa-
| ton. He shall sign all checks, drafts
or orders for the payment of money,
together with the president and the
secretary of the association. He
shall give approved indemnity bond
in such sum as may be designated by
the board of trustees, which said bond
| shall be approved by said board of
| trustees. for the faithful discharge of
| his duties and for the restoration to
! 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 is 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 a vacancy
in his office.
Article Willing Of Vacancies.
Sec. l.. 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 direc-
tor to fill said vacancy, the candidate
or candidates receiving The highest
number of votes being declared elect
ed thereto.
Article VI.-Duties May Not Be
i Delegated.
/ Sec l. 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 Stoc..
Sec. 1. The capital stock of ii IS as
sociation shall be FIFTY THOUS ND
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 non-assessable. and
this proviso shall not be altered nor
repealed and shall form condition
upon which all stock of the associa.
tion shall be issued.
Sec. 8. 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
SOclatlOn. NOT Sudll any tIduSS VI
labor union affiliated with the Amer
ican 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. mol
any company, association, society OF
f guild, shall be allowed to hold stock
; in this said Labor Temple Building
| Association of Lincoln, Nebraska.
Article vill-Issue and Transfer OF
> Stock
5 Sec. 1. The president shall cause tc
. be issued TO each stockholder one OF
{ more certificates representing the
number of shares owned by him in the
company, signed by the president OIL
: vice-prasident and by the secretary
4 and treasurer, and bearing the cor
$ porate seal Neither the president
e nor treasurer shall sign blanks and
. leave them for use by the other, nol
| sign them without the knowledge ol
S the apparent tile of the person to
r whom they are issued. In case OF the
e absence or the disability of either o1
j. said officers, the signature OF ma
n jority of the board of trustees in his
a stead shall be sufficient. The STOCK
e of the association is transferable only
upon it's books by the holders of the
S shares in person or by their legal rep
il resentatives, and upon such transfei
the old certificates shall be surrend
a cred to the company by delivery
S thereof to the person in charge O
S the stock and transfer books ant
II ledgers. or such other person as thu
f. directors may designate, by whom
n they shall be cancelled and new Ger