The herald., 1911-07-27
ARTICLE ".

The capital stock of this corporation Is
hereby fixed at the sum of fifty thousand
$3.50, OOO.0O) 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
retary-treasurer, and In the absence of the
president, by the Vice president of the cor
poration. 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
best. All shares shall be full paid and non
assesSable. 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-
eG 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
ton 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
N.
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 and regulations as may be determined by
notice, directed to the last known address of
every stockholder shall be given of all cleo
lions.
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 unexpired term.
A majority of the stockholders at a meet
Ing shall constitute a 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 a president, a vice president
and a secretary treasurer; and said board
shall have the power In its discretion to
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
pensa ton.
Said board of directors is specially vested
with the power and authority to mortgage
OF the corporation as 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 individ- |
uals, firms and corporations, at such times, |
for 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 |
and all the powers herein granted to said
board OF directors Is to be exercised by them |
without the necessity OF referring to the |
of the corporation for special
Said board of directors shall make all |
the rules, regulations and bylaws for the
government control and mana cement of the
business and affairs OF the corporation, and
ure. ~ P-N"'
No contract shall be signed without the
auIhorlzation OF the board of directors.
Inc following stockholders are hereby
declared to be the first board OF directors
oI thls corporation, all of whom shall hold
onlCe LOT one year or until their SUCCESSORS
n s9RiI nave been elected and qualified: James
U Rourke, Albert L. O'Rourke
Until the second Monday of September.
iSl2, or until their successor shall have
I'e IA elected and qualified, the following
me oincers OF this corporation lanes
" kourke, president; James ]. O'Rourke
vice president; Walter V. ORourke. score
tary- treasurer. seCTe-
ARTICLE VI
rus corporation shall begin business and
De going concern as soon as fen thonsonS
subscribed and paid for. OH
ARTICLE VII.
NO no StSckholder shall ever be liable or
responsible for the contracts, faults or dobts
nor shall any mere informally In its os
sSsnIzation have the effect of rendering this
tharter null or Of exosing any stockSoIdar
TO any liability, beyond the inmate hh nin
BY him. Su0Sorioeu Tor
ARTICLE VIII.
LIS act or Incorporation shall be changed
noIined or altered, or this corporation s5oIi /
: ulsso,Ved, with the assent of two-tbirds ~
ne STOCK OF the corporation represented st VI q
'enerai meeting called for that purpose ana
liter at least ten days written notjcs, anu 5s