The Norfolk weekly news-journal. (Norfolk, Neb.) 1900-19??, 1908-08-07


collect and keep all the funds of said
corporation and pay the same out orr
warrants issued by the Secretary and
CountCrsigncd by the President. or In
his absence or inability to act 10y the
Vice President OF said corporation.
and he may be required Ivy the
Board of Directors to give good ana
sufficient surety to be approved by
the Board of Directors, in the pcnaE
sum OF Twenty Thousand Dollars
($2O,OoO) for the faithful performance,
of his duties
Section 3, The Board of Directors
shall have the general management
and supervision of the affairs of saiH
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 corpora
tionon the first Monday of each ana
every month at > o'clock. p m.
A majority of said Board of Direct
ors shall constitute a quorum for the
transaction of all business which shaW
properly come before them and the
President is hereby authorized to CALI
| any special meeting of said Board of
| Directors, when in his Judgment IL
/ snail become necessary, and saiG
Board of Directors are hereby author
| lied and empowered to adjourn auy
regular meeting from day to day AS
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 1st dav
of April, 1908, and shall terminate it's
existence in twenty-five years from
said date unless sooner dissolved by
a majority vote of the Stockholders
| representing two-thirds of the voting
stock for such dissolution.
ANNUAL MEETING.
Article 8. 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.
SPECIAL MEETINGS.
Article 9. Special meeting of the,
Stockholders may be held whenever
requested by majority of the Board
) OF Directors or by stockholders repre-
senting one-third of the paid up cap
; ital stock; such request shall be in
writing, state the object of the meet.
| ing, and be filed with the President or
acting President at least ten days be-
fore the meeting Is to be held Upom
receipt of such request the President.
5 or acting President shall give notice
of the proposed meeting to each
Stakeholder at least eight days before
it is to be held; which notice shalE
| state the object for which the meet
ing is called and no business shall
l. be transacted at such meeting except
/ that named in the call. Upon failure,
f or refusal of the acting officer tor
n call the meeting aforesaid, the,
o parties requesting the meeting may
V call the same as provided.
:. SALARIES OF OFFICERS,
d Article 10. The salaries of the.
t. Board of Directors is fixed at five,
t dollars $50 per day, and all necessary
e expenses of said Directors while at
tending all meetings of said Board of
Directors The salaries of all other
r officers of this corporation shall be
t, fixed by the Board of Directors at
r, their regular meeting after adopting
l. these articles of incorporation.
d INDEBTEDNESS
If Article II. The Indebtedness of
e this corporation shall at no time ex-
G coed two-thirds of its paid up capitaE
r stock
e Article ~. This corporation shall
e have a corporate seal upon which
If shall be engraved the name of the
f. corporation and the location where its
It headquarters or principal place of
II business is located.
lie TRANSFER OF STOCK.
ID Article 13. The stock of this cor
II poration shall be transferable on the
lie books of the corporation in person
e or by an attorney under such condi
in tons as the Board of Directors may
a. order.
~ AMENDMENTS.
r. Article IA. The Articles OF Incor
ly poration may be amended or modified
til at any regular meeting, or specia
k meeting called for that purpose, by
a two-thirds vote of the stock repre-
sented at such meeting.
Mt In testimony whereof. we hereuntc