The Wenatchee daily world. [volume] (Wenatchee, Wash.) 1905-1971, 1909-01-26

ing OF the STOCKHOLDERS, showing In
detail the assets and liabilities of
the corporation and generally the
condition of its affairs. A similar
statement shall be presented at any
other meeting of the stockholders
when thereto required by persons
representing at least one-third of
the capital stock of the corporation.
| 2. To supervise all acts of the of
ficers and employees, require the sec
rotary and treasurer to keep full and
accurate books and accounts, and to
prescribe the form and mode of
keeping such books.
8. To cause to be issued to the
stockholders, in proportion to their
several interests, certificates of stock,
not to exceed in the aggregate the
capital stock of the corporation.
a. To cause the moneys of the cor
poration to be safely kept, direct
| ing, from time to time, where they
shall be deposited.
ARTICLE vi.
The members of the board of trus-
tees shall receive no compensation
FOR their services as such, nor shall
the corporation be liable for any
service rendered, except it is so ex-
pressly provided; but members of the
board of trustees shall be allowed
SO per day and reasonable travelling
expenses when engaged in the bust
ness of the corporation, to be audit
ed and allowed as in other cases of
demand against the corporation.
The officers of the corporation shall
receive such compensation for their
services as the board of trustees
shall determine
ARTICLE VII.
No contract of any officer of the
corporation shall be valid without
the previous authorization or subse-
quent ratification of the board of
trustees.
ARTICLE VIII
Sec. 1. The regular annual meet
ing of the stockholders shall be held
on the first Monday of January of
each and every year, at the office Of
the corporation in the City of We
natchee, County of Chelan, State of
Washington. A representation of 4
majority of all the capital stock of
the corporation shall be necessary
for the transaction of the business o.
all meetings of the stockholders. At
such meetings of the stockholders q
presentation by proxy, duly APP
rointed, shall be allowed, such proxy
to be in writing, and filed with the
secretary of the corporation.
Sec. 2. A regular monthly meet
held on the first Monday of each and
every month and special meetings of
the board may be called by the pres
ident, whenever he may deem it ex-
pedient
Sec. 3. All meetings CT the stock
holders shall be called by a notice
published at least once a week for
a period of three weeks Immediate
ly before and after the meeting III
some newspaper of general circula-
ton published in Chelan county.
Washington.
ARTICLE TX.
Certificates of stock shall be of
such form and device as the board
of trustees shall direct, and such GER
tificates shall be signed by the presi-
dent and secretary, and express on
its face their number, date of issu-
ance, number of shares for which
and the person to whom issued. Sew
eral certificates may be issued to
the same person or persons, provid-
ed that in the aggregate they do not
exceed the number of shares belong
ing to such person or persons. The
certificate book shall contain a mar
gin on which shall be entered the
number, date, number of shares, and
the name or names of the person or
persons expressed in the correspond
ing certificate.
ARTICLE X.
Shares of the corporation may be
transferred at any time by the hold
ers thereof, or by attorney legally
constituted. or by legal representa-
tive But no transfer shall be valid
except between the parties thereto,
until entered in the proper form on
the books of the corporation. The
surrendered certificates shall be can
celed before a new certificate is is
sued in lieu thereof The receiver of
the new certificate shall be required
/ to assent to the bylaws of the cor