The herald., 1911-07-20
ARTICLE V

All corporate powers Of this corporation
shall De- vested in and exercised by board
Of live directors. composed of nve stock
holders, any three Of whom shall constitute
"A quorum for the transaction of all business.
The said board Of directors shall be elected
on the first Monday in July Of each year.
The FIRST election under this charter TO De
held in the year 1912.
All elections shall De- by ballot. at the
office Of the corporation. under the super
vision Of IA commissioner 10 D" appointed ny
the president for each election All riec-
lions and meetings Of stockholders shall d.
preceded by a ten days notice. sent by man
by the secretary 10 each stakeholder at his
last known residence or place ~ business as
mentioned 10y him; each shan" Of stock snail
hr entitled To one vote, 10 be cast in person
or by written proxy and majority Of votes
cast shall elect The board OF directors
shall have power to ill all vacancies occur
ring in said board Faiur" 10 elect dlr"c-
tors on the date above specified shall not
dissolve this corporation, bur the then eN
listing board and other officers shall hold
oilir" until the election Of their SUCCESSORS
after notices As above provided.
Al the first meeting after their election,
tn. said board of directors shall elect from
their number IA president. a vice president
and a Serretary-trraSurrr. and such DINER
officers a. said board shall deem necessary
Said hoard of directors shall have power
and authority To make and establish a well
a. To- alter and amend bylaws. rules ana
rr.ula tiunS necessary and proper Tor me
support and management OF the corpora
ton.
Said board shall also have power and
authority Ia fix the terms and conditions
upon which property shall b" purchaser ny
said corporation and ali"nated by IL; to
barrow money. execute mortgages. Issue
notes or other evidence Of debt as they may
consider advantageous and to designate
some officer or other person - appear for
this corporation and act for II in selling
buyinG. mortgaging. rtc.. property: 10 issue
stock in payment Of money borrowed re-
,.piyrd or property. labor or services ac-
uuired by said corporation. Al all meet
fnyS of said board "A member thereof may
h. represented by another. under written
proxy.
said board shall have power by vote
Of not less than three. tn sell. mortgage 10y
bond mort gage or otherwise, lease or
pledge any or all Of the mOvlhl" or immov-
able property Of the corporation. or 10 re
crive in exchange therefor money. or stock
or bonds Of other corporations. and to vote
such stock and bonds at any meeting or
such other corporation, without referring
10 the shareholders for authority 50 10 do,
and said board shall have power to deSiG-
nate and adopt corporate seal and alter
or change the same at pleasure. and Grner-
ally have all powers generally vested IN
boards Of directors by custom. usage or
laws. Until the meeting 10 be held in 1912
under this charter Matilda {. GoGreve.
Mrs. christina II. Gogrcye, william y. 90
greva August IIuberwald and Jules Gail
Iardanne shall compose the first board Of
directors. with william 4. GOgreve as pres
idpnr, August Huberwald as vicepreSident.
and Jules Gaillardanne as secretary-treas-
urer.