Devils Lake inter-ocean. (Devils Lake, N.D.) 1909-1915, 1911-07-21


ments, including mortgages, Aatisfac-.
lions of Mortgages, deeds OF her In
struments, and attach the corporate
seal thereto, when s,stith Instrument
shall have been, authorized $by the
board OF directors, in behalf sof the
DEVILS LAKE PAPER CoMPANY,:
affixing his own name thereto as such
president, and &to perform all other
duties customarily devolving On such
president. g;ff$ =; 4:s ss5
{ +. ! -, Article s. sS N. ~ 81
The duties Of the treasurer shall be
to receive all money, credits and 5yalu,
ables belonging to the. company, and
he shall be their custodian; to keep
an accurate account thereof and to
disburse all monies, credits and yalu-
ables on the order Of the president,
countersigned by the secretary. All
monies and valuables belonging to the
aid company shall be by him deposited
in such bank or banks as the board of
directors shall: designate from. time to
time, and all disbursements shall be
by checks or. such banks. in the name
of the DEVILS LAKE PAPER COM
PANY by: him as such treasurer
The treasurer shall give a bond to
the directors of said company in such
sum as the board of directors shall
from time to time require, the cost of
such bond to be'paid by the company.
The books Of the treasurer shall be
open to the inspection Of the board of
directors or any stakeholder at all
''}., ~
RrticIe z.
1t shall be the duty OF the secretary
to keep accurate records Of all stock
holders and directors meetings.; to
attend to all correspondence and such
other duties as the directors may de-
terminate. He shall also draw and
sign as secretary; all orders for the
payment of money, when authorized by
the board of directors:
Articles.
Any stock holder may sell. assign or
transfer his shares of stock or any
number of them, and the party receiv.
ing the same shall be entitled to the
full benefit thereof Shares or certi.
ficates of stock can be assigned only on
the books of the company and so en-.
dorsed on the certificate of stock,
Article 9. i
All certificates of stock shall be con.
secutively numbered and receipt tax.
en- therefor by the company On delivery
and the amount paid thereon shall be
legibly endorsed thereon. When full
payment for, any share or shares has
been made, the fact, shall be endorsed
on such share or shares and on the
proper books; OF this company. s..$.s.. :
,t..[l Article no. q. $s$ {
-Four members of the board Of direct
rs shall constitute quorum. ;+.2 ::E.ss.
.%,5 l. Article II. !; 5..5s. III !. ~, ~
/ :. A representation OF fifty-onn,ee per
cent. Of; the stock issued shall consti.
tute a quorum sat any stockholders
meeting. 5%{$:,@ !
~ %.$$s Article IL. .ss.y* 49,:
y A special stock-ho1ders' meeting may
be called by a majority Of the: board
OF directors Or on demand Of four stock
holders. representing ten per cent. Of
the stock issued. Notice Of special
meetings must be sent in writing By
registered letter to every stakeholder
at least fourteen days preceding such
meeting: IS s Is. c.:s. e. L: :;
&ss.. .,5$5s Article d3. s 81 t
+; Vacancies on the board Of directors
may be filled by the remaining direct
ors Of: this board, the new member to
serve the :1lnexpired term Of the retired
member until the, next annual stock
holders meeting, when such vacancy
shallsbe filed BY vote Of the stock-hold.
ers.s& II; i & 4 II. i. 1854 * liza t3
5 NJ S4s* Article IA: . s5Ss
These Bylaws may be repealed or
amended at amy regular meeting Of
the stock -holde rs, on "a majority vote
Of the stock present and voting. ";
$50. -,