The herald., 1911-05-25
ARTICLE III

All citation and other legal process shall
he 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 domicile OF this corporation.
ARTICLE III.
The purpose for which this corporation
Is organized and the purposes OF the bust
ness 70 be carried on by it are hereby de-
clared to be:
To do a general business in rice. and all
r its by-prOducts; to buy and sell at whole
sale or retail, on commission or otherwise !;
TO do 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 $500, 0OO.OO). divided into
one thousand shares 10000 Of one hundred
dollars (S10O.0O) 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 OF Direc-
tors NAV determine, or 1t 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
shall be subscribed for.
ARTICLE V.
All the corporate powers Of this corpor-
alton shall he vested In and exercised by
Board OF Directors OF not less than three
(3) and not more than seven % directors,
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
fled
The said officers are declared to he a
president. a vice-president and treasurer.
They shall also elect secretary, who
NAV or NAV not be a member OF the board
or a stakeholder, at the discretion OF the
board. and the Offices OF secretary and
treasurer may be filled by one and the
same person as the board may determine:
declared to be: Mr.. Gordon s. Orme. Mr..
Julius r. Ross and Mr.. James l.. Pilot,
with the said Gordon 8. Orme as presi-
dent. the said James /. Pilot as vice-pres-
rotary treasurer.
which said Board of Directors and ON
GERS shall retain their respective offices I'M
til the second Monday in April; 1912. or
until their successors are duly elected and
qualified ANY vacancies occurring In the
Boa I'd of Directors before the expiration Of
their term shall he filed by the stockhold.
ers, after ten (1o) 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 a quo
rum for the transaction Of all business.
Said Board OF Directors shall have the
mower TO make such bylaws, rules and
regulations as It 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
the Board Of Directors of this corporation.
at its then book-value. and the said offer
must be made to the board In writing and
II 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 he
represented by written proxy given to any
stakeholder to represent him at any direc-
tors meeting, and any director may waive
any or all notices Of meetings by written
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 falling to do
so shall be construed as waiver OF all
notices.
All notices Of stockholders meetings I'M
less herein otherwise provided for shall. he
by ten (1O) DAYS written notice in the
manner herein provided.
This corporation shall retain first lien
on any stock of any stakeholder for any
Indebtedness due this corporation by him,
and all transfers Of stock shall be made
subject to this clause.
All employees of this corporation shall
be considered as employed by the month IN
less otherwise contracted with In writing.