The Norfolk weekly news-journal., 1908-08-14

aud sufficient surety to be approves
by the Board OF Directors. In the penAn
sum OF five thousand dollars for the
faithful performance of his duties.
Section 4. The Treasurer SHAH
collect and keep all the funds of said
corporation and pay the same out ON
warrants issued by the Secretary and
countersigncd by the President. or In
his absence or inability to act, by tho
Vice President of said corporation.
and he may be required by the
Board of Directors to give good ana
sufficient surety to be approved by
the Board of Directors, in the pennE
sum of Twenty Thousand Dollars
($2O,OOO) for the faithful performances
of his duties
Section 8. The Board OF Directors
shall have the general management
and supervision of the affairs of SAID
corporation, and make all contracts
for the purchase of cigars or any
other property that said corporation
may purchase, audit and pass upon
claims filed against said corporation.
and II allowed, order same paid as
herein before stated. Said Board of
Directors shall hold their regular
meeting for the transaction OF bust
ness which shall come before them
at the headquarters OF said corporu-
| tionon the first Monday OF each anN
every month at 2 o'clock, p. M.
| A majority of said Board of Direct
| shall ttttn o.
transaction of all business which shalR
properly come before thea and the.
President is hereby authorized to calR
any special meeting of said Board OF
Directors, when in his judgment ie
snail become necessary, and saiR
Board of Directors are hereby author
lied and empowered to adjourn any
regular meeting from day to day ass
said Board Of Directors may Deem
necessary, but no such adjournment
shall extend beyond the time of the,
next regular meeting.
OF BUSINESS.
Article 7. This corporation shall
commence business on the LIST day
or April, 1908, and shall terminate its
existence In twenty-five years from
said date unless sooner dissolved by
majority vote of the Stockholders
representing twothirds of the voting
stock for such dissolution.
| ANNUAL MEETING.
Article s. The annual meeting OF
the Stockholders of this association
shall be held on the first Monday i'm
April OF each year, each member
being entitled to vote either in
person or by written proxy, each
share of stock being entitled to one
vote.
i SPECIAL MEETINGS.
Article 8. Special meeting of the
Stockholders may be held whenever
requested by majority of the Board
or Directors or by stockholders repre-
senting one-third of the paid up cap.
! ltal stock; such request shall be il.
writing, state the object of the meet
ing, and be filed with the President OF.
acting President at least ten DAYS be-
fore the meeting is to be held. Upon
receipt OF such request the President
; or acting President shall give notice
or the proposed meeting to each.
Stakeholder at least eight days before,
1t is to be held; which notice shalE
state the object for which the meet
ing Is called and no business shalY
be transacted at such meeting except
: that named in the call. Upon failure.
or refusal of the acting officer to-.
call the meeting aforesaid, the
parties requesting the meeting may
7 call the same as provided H..
. SALARIES OF OFFICERS.
Article 10. The salaries of the
: Board of Directors is fixed at five,
dollars $3.50 per day, and all necessary
= expenses of said Directors while at
tending all meetings of said Board of
Directors. The salaries of all other
: officers of this corporation shall be
, ilXed by the Board of Directors at
,, their regular meeting after adopting
these articles of incorporation.
INDEBTEDNESS
Article II. The Indebtedness of
: this corporation shall at no time ex-
: coed twothrds of its paid up capitaE
stock.
, Article II. This corporation shall
: have corporate seal upon which,
snail be engraved the name of the,
: corporation and the location where it,s
headquarters or principal place Of
business is located.
! TRANSFER OF STOCK.
Article 10. The stock of this cor
poration shall be transferable on the
books of the corporation in person.
or by an attorney under such condi-
tlons as the Board of Directors may
order.
AMENDMENTS.
: Article IA. The Articles of Incor-
: poration may be amended or modified