The herald., 1911-08-10
ARTICLE ".

The capital stock of this corporation is
hereby fixed 90 the sum of fifty thousand
$50. 600. 00) dollars, divided into and rep
resented by five hundred shares of the par
value of one hundred dollars per share. Said
stock shall be represented by certificates OF
stock, signed by the president and the sec
rctary-treasurer, and in the absence of the
president, by the vice president of the cor
poratOn. Said stock shall be issued at such
times, in such amounts, for such price and
upon such terms and conditions as the
board of directors may see fit and proper,
and may be paid for in money, services or
property as the board of directors may think
best. All shares shall be full paid and nom
assessabe. No transfer of stock shall be
binding upon the company unless made on
the books of the corporation. No stock
holder shall have the right to sell or other
wise dispose of his stock in this corporation
without first Offering same TO the corpora
ton at the book value thereof as determin-
ed by the books of this company; and this
corporation is authorized to purchase said
stock at said book valuation for the benefit
of the other stockholders of the corporation.
ARTICLE V.
All the corporate powers Of this corpora
tion shall be vested In and the management
and control of its business and affairs con-
Quoted by a board of directors, composed of
not less than three and not more than five
stockholders, three of whom shall constitute
quorum: no member of said board to own
Said directors shall be elected by bal
lot at a general meeting OF the stock
holders on the second Monday of Sep
TENDER, 1912, and annually thereafter
on that day. Every stakeholder shall
be entitled, in person or by proxy, TO one
vote for every share of stock owned by him
All elections shall be held under such rules
and regulations as may be determined by
notice, directed to the last known address OF
every stakeholder shall be given of all cleo
tons
The directors thus elected shall continue
In Office for one year or until their sue
cessors shall have been elected and qualified
any failure to elect officers or directors
shall not be considered as a forfeiture OF
this charter. Any vacancy occurring in the
board of directors shall be filled by the re
| naming directors for the unexpred term
majority of the stockholders at a meet
ing shall constitute quorum for the trans
action of any business.
Said board of directors shall, at its first
meeting after its election, elect out OF its
own members president, vice president
and secretary treasurer; and said board
shall have the power in its discretion 10
unite two or more Offices. the same TO con
fer upon one person. Said board shall have
the power to appoint and dismiss such off.
GERS, agents, clerks and employees as they
may deem advisable and to fix their COM
pensatiOn.
Said board Of directors Is specially vested
with the power and authority to mortgag
Ut lne property. real and personal,
OF the corporation they may deem fit and
proper; to purchase. hold own, mortgage
pledge, lease and dispose OF real estate
improved and unimprOved, city or country
TO execute mortgages Issue notes, bonds and
other evidences of debt, and to borrow and
lend money on same to and from indiyid-
uals, firms and corporations, at such times
Tor such prices and upon such terms and
conditions as they may deem advisable. This
power to buy and sell. mortgage, pledge and
dispose OF property, real and personal; to
borrow and lend money, execute mortgages
notes, bonds and other evidences of debt
ana all the powers herein granted to said
board of directors is to be exercised by them
without the necessity of referring to the
stockholders Of the corporation for special
authorize tiou.
Said board Of directors shall make all
the rules, regulations and bylaws for the
government, control and management of the
business aud affairs OF the corporation. and
after, amend and change the same at pleas
No contract shall be signed without the
authorization OF the board of directors.
The following stockholders are hereby
declared TO be the first board of directors
OF TINS corporation, all of whom shall hold
once Tor one year or until their successors
snali nave been elected and qualified: James
oRourEe, Walter v. O'Rourke, James j
u Rourke. Albert L. O'Rourke
Until the second Monday of September
l9l2, or until their successor shall have
Deen elected and qualified the following
nahed persons are hereby declared to be
lne ofhcers OF this corporation: James
- kourke; president; James ]. O'Rourke
wee president; Walter V. O'Rourke, secre.
/ tary treasurer. 0e'ie
ARTICLE vi.
! rms corporation shall begin business and
~ a going concern as soon as fen tbonsand
! IoilarS OF It's capital stock shall have been
| subscribed and paid for.
ARTICLE VII.
NO stockholder shall ever be liable n,
responsible for the contracts, faults or debts
nor shall any mere informalitv In ire or
ganization have the effect of rendering This
charter null or of exosing any stockholder
to any liability, beyond the unpaid haIance
due on the shares owned or subscribed 70,
by him. A0'
ARTICLE VIII.
This act Of Incorporation shall be changed
modified or altered. or this corporation shall
be dissolved, with the assent of wo-thIrds M
the stock OF the corporation represented at a
general meeting called for that purpose ana
after at least ten days written notice. an.
rpffad ha las Epn