The herald., 1911-05-18


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
| inabilit- 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 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,
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 1.
hereby declared to be: One Hundred Thou
sand Dollars $500, 000.0O), divided into
one thousand shares (1000) Of one hundred
| dollars (S100.00) each, which said stoch
whether paid directly or Indirectly, in such
| amounts and on such terms and conditions
and in such manner as the Board of Direc
| tors may determine, or II 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 Il
commence business as soon as twenty-five
| thousand dollars (S25.000.0O) OF Its STOCK
shall be subscribed for.
ARTICLE v.
An tba cornorata novers NJ this cornor
alton shall be vested in and exercised by
| a Board Of Directors Of not less than three
| (3) and not more than seven % directors
who must he stockholders and who shall
be 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 be 9
president. a vice-president and treasurer
| They shall also elect a secretary, who
or stakeholder, at the discretion Of tn.
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 &. Orme. Mr.
julius r. Ross and Mr.. James L. Pilot
| with the said Gordon s. Orme as presi
dent. the said James L: Pilot as vice-pres
ident and the said Julius r. Ross as sec
| retary-treasurer.
which said Board of Directors and ON
GERS shall retain their respective offices IN
til the second Monday in April. 1912. oil
until their successors are duly elected and
qualified ANY vacancies occurring in the
Board Of Directors before the expiration o.
their term shall be filled by the stockhold
ers. after ten (10) full days notice shall
have been sent to each stockholder by nal
| TO his last known address. Two t2) mem
bers Of said board shall constitute quo
rum for the transaction Of all business.
Said Board Of Directors shall have tbs
power to make such bylaws. rules and
| regulations as II deems proper, and Il
alter, amend, break and revoke same al
| pleasure
No director shall be allowed to sell hi
stock without first offering the same e
the Board Of Directors of this corporation
at its then bookvalue. and the said ohel
must be made to the board In writing ant
| n 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 b
represented by written proxy given to any
| stakeholder to represent him at any direc
| tors meeting. and any director may waiv'
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 d.
so shall be construed as waiver OF al
notices.
| All notices Of stockholders meetings IN
less herein otherwise provided for shall h
by ten (10l days written notice in thu
manner herein provided.
| This corporation shall retain first lier
on any stock Of any stakeholder for any
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