The herald., 1911-05-04
ARTICLE III.

business here or elsewhere. 1t shall also
have the right TO act as the agent or proxy
for any individuals or corporations.
ARTICLE II.
All citation and other legal process shall
be served on the president Of this corpora
tion and in the event of his absence or
inability TO act, then upon the vice-presi-
dent, at the domcile OF this corporation.
ARTICLE III.
The purpose for which this corporation
Is organized and the purposes of the busi-
ness 10 be carried on by it are hereby de-
clared to be:
To do a general business in rice. and all
of its by-products; TO buy and sell at whole
sale or retail on commission or otherwise:
to do a general commercial business in any
product of any kind; TO operate factories,
plants or other mills Of any kind in con-
nection with its said business, both here
and elsewhere. and generally to do what
ever may be incidental to "a general mer
camille or commission business.
ARTICLE ".
The capital stock of this corporation Is
hereby declared to be One Hundred Thou
sand Dollars (S1O0. 0.00000), divided into
one thousand shares (10O0) OF one hundred
dollars (S100.00) each, which said stock
shall be paid for in cash or its equivalent,
whether paid directly or indirectly, in such
amounts and on such terms and conditions
and In Such manner as the Board or Dlrec-
tors may determine. or il may be issued
full paid or worcestershire for property
actually purchased. or labor actually per-
formed or rendered to this corporation.
This corporation shall be authorized to
commence business as soon as twenty-five
thousand dollars 25.0OOO0) of its stock
shall be subscribed for.
ARTICLE V.
All the corporate powers of this corpor-
alton shall he vested in and exercised by
n Board of Directors Of not less than three
who must he stockholders and who shall
he elected annually on the second Monday
in April of each year, by the stockholders.
commencing on the second Monday in April,
1912. at which time the officers Of this cor
poratiOn shall also be elected by the board
from among their number or as soon there
after as possible and the directors and Off,
GERS shall hold their respective offices until
their successors are duly elected and quail
flied.
The said officers are declared to he a
president a vice-president and a treasurer.
They shall also elect secretary, who
may or may not be a member Of the board
or a stOckhOlder, at the discretion OF the
board, and the offices of secretary and
treasurer may be filed by one and the
same person as the board may determine.
The first Board Of Directors is hereby
declared to be: Mr. Gordon s. Orme, Mr..
julius r. Ross and Mr. James L. Pitot'
dent, the said James l.. Pilot as vice-pres-
| ident and the said Julius II. Ross as sec
retary- treasurer.
Which said Board Of Directors and off
GERS shall retain their respective Offices un-
| til the second Monday in April. 1912, or
until their successors are duly elected and
qualified Any vacancies occurring In the
Board OF Directors before the expiration of
| their term shall be filled by the stockhOld-
| ers, after ten (10) full DAYS notice shall
have been sent to each stockholder by mail
to his last known address. Two (2) mem
bers Of said board shall constitute quo
rum for the transaction Of all business.
Said Board OF Directors shall have the
power to make such bylaws, rules and
| regulations as II deems proper, and to
alter, amend. break and revoke same at
| pleasure.
No director shall be allowed to sell his
stock without first Offering the same to
at its then book-value, and the said Offer
must be made to the board in writing and
IL same Is not taken advantage OF within
thirty days. the said stockholders shall
have the right TO sell his stock to whom
| they please.
ANY director shall have the right to bt
| represented by written proxy given to any
stockholder to represent him at any direc
any or all notices Of meetings by writer
| notice to the secretary and each member
of the board. as also the stockholders shall
leave their last address with the secretary
of this corporation and their failing TO dt
| so shall be construed as waiver OF al
| notices.
All notices of stockholders meetings un
less herein otherwise provided for shall h
bv ten 10) days written notice In th'
manner herein provided.
This corporation shall retain first lier
on any stock of any stockholder for an!
Indebtedness due this corporation by him
and all transfers Of stock shall be mad
subject to this clause
All employees of this corporation shall
be considered as employed by the month un
less otherwise contracted with In writing