The wageworker. (Lincoln, Neb.) 1904-????, 1908-01-17
Continued from Page ~

] s>@S0OSAs~SAOAA
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 vacancy
in his Office.
! Article V.-Filiing 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
| fled stockholders may select a direc-
| tor to fill said vacancy, the candidate
i or candidates receiving the highest
number of votes being declared elect
ed thereto.
i Article W.-Duties May Not Be
4 Delegated.
II Sec. 1. No officer of this association
shall be permitted to delegate his
Il duties to another without the consent
of the Board of Directors.
Article VII.-capitaI Stock.
H 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 n-assessable, and
this proviso shall not be altered nor
repealed and shall form a condition
upon which all stock of the associa-
ton 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
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, mol
any company, association, society OF
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 l. The president shall cause tt
be issued to each stakeholder one OF
more certificates representing thu
number of shares owned by him in the
company, signed by the president Of
vice-president, and by the secretary
and treasurer, and bearing the cor
porate seal Neither the presiden
leave them for use by the other, no.
sign them without the knowledge o
the apparent title OF the person t.
whom they are issued. In case Of thu
said officers, the signature of ma
jority of the board of trustees in hi
stead shall be sufficient. The stool
Of the association is transferable onl.
upon its books by the holders of thu
shares in person or by their legal rep
resenratives, and upon such transfe
the old certificates shall be surrend
cred to the company by deliver,
thereof to the person in charge o
the stock and transfer books AM
directors may designate, by whom
they shall be cancelled and new Gel
tif1cates shall thereupon be issued. I
record shall be made of such transfe
and issue. Whenever any transfe
shall be made for collateral securit.
and not absolutely, the fact shall b.
so expressed in the entry Of sal
transfer. Provided. that all or any o
the shares of stock subscribed for a
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 ceI
tificate to any such subscriber, b.
transferred by him by an appropriate
instrument of transfer signed by hi,
or by his duly authorized attorney
A copy of such instrument in tn
record book of the secretary of tn
association, shall constitute recor'
of the transfer of such stock, an.
such record books are hereby mad
the corporation book for all purpose
in the premises. The associatio!
shall be entitled to treat the regis
tered holder of any share as the abso