The herald., 1911-03-23

Said directors shall he elected annually
from the stockholders, on the first TUESDAY
of April of each year, after due notice on
said meeting shall have been given To each
stakeholder, sent by mail to his last known
address, ten days prior TO the holding OF
said election, which said notice or any other
notice required by this charter, may be
wa wed in writing.
At said election. and all other meetings
Of the stockholders. the vote shall De by
ballot and each share of stock shall b.
entitled to one vote, To he cast by the Owner
in person or by written proxy. The ma.
ioritv of stock, voted at any stockholders
meeting shall decide all questions voted
upon except as OtherwiS" provided.
Within one week from their election. as
above provided for, the Board OF Directors
shall elect from among their members a
President and Nicc-PrcSident: they shall
also elect Srcretary-rreaSurer, who may,
or may not he member Of the board, pr a
stakeholder, at the discretion Of the m"m-
bers of the board
All the said officers and directors shall
hold their respective Offices for u period OF
one % year from the date Of their cleo
tiOn. or until their successors are duly
elected.
! The term of the first Board Of Directors
and officers herein named shall expire on
| the first Tuesday of April, 1911, or until
their successors are duly elected aS herein
provided for. But the failure 10 hold an
annual election, or to elect the officers as
above provided Tor. snail not result III the
dissolution of this corporation, but the then
Board of Directors and officers shall hold
their respective Offices until their successors
are duly elected.
| ANY vacancies occurring on said Board
of Directors shall be filled by the rema ming
members of said board for the uneXpired
term. at a meeting called for that purpose
after ten days prior notice IN Writing sent
Iby mail to the said directors at their laSl
known address, and if the said board fails
to elect at said meeting, then the election
may be made by the stockholders at spe-
lciai meeting called for that purpose in The
mannr herein provided for the election oil
directors.
The said Board Of Directors shall have
the power to make all bylaws, rules ana
regulations for the proper management ana
lcOnduct of the affairs of this corporation
land TO change, alter. amend or abolish the
same at pleasure and shall have and eX
ercise all the powers conferred by law on
this corporation and as set forth In TINS
charter.
/ The said Board Of Directors may also
delegate any of said powers in the trans
action of the business of this corporation 10
committee of their own body, or TO the OH
GERS and agents of this corporation.
All the employees of this corporation
icxcept the ONCE of President and Nice-tres
lident. shall be considered as employed by
the month, unless specially contracted with
in writing.
The first Board Of Directors of this cor
lporation is hereby declared 10 be: Walter
lib. Chilean, Latta VI. Aubrey, Edwin A. Me
Koy, j. Lewis Thompson, Alex. thompson
Hoxie Thompson. with said VI. B. Chilean
as President the said l.. VI. Aubrey as Vice
president, and Z. A. Devin. as Secretary
Treasurer. who shall hold their respective
offices until their successors are duly elected
and provided for.
II shall be the duty of the President of
this corporation. or in the event of his ina
Utility to act. then the Nice-FreSident. u
call a special meeting of the Board OF ID
lrectors of the stockholders, on a written re
l0ucst to that effect. signed by two or more
directors. or upon a written request OF ten
Der cent of the stock issued.