The herald., 1911-08-03
ARTICLE ".

All the corporate powers or this cOrDOra-
ton shall be vested in and the manage
ment and control of its business and affairs
conducted by a board of directors composed
| or not less than three and not more than
hve stockholders, three of whom shall con-
Stltute quorum no member of said boa rd
TO own or subscribe for less than five shares
| or stock. Said directors shall be elected by
palot at general meeting of the stock
holders on the second Monday OF September
l9l2, and annually thereafter on that day
Every stakeholder shall be entitled, either
IN person or by proxy, TO one vote for every
share owned by him. All elections shall he
held under such rules and regulations as
may be determined by said board of dlrec-
TORS Ten days written notice, directed
10 the last known address Of every stockhold-
er snail be given of all elections
The directors thus elected shall continue
IN once for one year or until their success
sors shall have been elected and qualified ::
any FAILURE to elect directors or officers 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
majority of the stockholders at a meeting
shall constitute quorum for the transac.
ton of any business.
Said board of directors SHALL at its first
meeting after its election, elect out of its
own members, a president, vce-president
ana secretary-treasurer; and said board
snail have the power In its discretion 10
unite two or more Offices and the same to
confer upon one person.
Said board shall have the power TO an
point and dismiss such officers, agents, clerks
ana employees as may be deemed necessary
ana 10 NIX their compensation.
Said board is specially vested with the
power and authority TO mortgage or pledge
the property, real and personal, of the cor
poration, as they may deem advisable; to
purchase, hold, own, lease, mortgage pledge
sell and dispose OF real estate, Improved and
unlmpr0ved; TO execute mortgages issue
notes, bonds and other evidences of debt
and to borrow and lend money on same, to
and from individuals, firms and corpora
| tons, at such times, for such price and
| upon such terms and conditions as they NAV
deem advisable. This power to buy and
sell real estate, to borrow and lend money
execute mortgages, issue notes. bonds and
other evidences of debt and all the powers
herein granted to said board of directors
shall be exercised by said board without the
special authorization.
Said board Of directors shall make all the
rules, regulations and bylaws for the gov
eminent and control of the business and
AFFAIRS OF this corporation as they may deem
MT and proper, and amend, alter and change
the same at pleasure.
No contract shall be signed without the
authorization of the board Of directors
The following stockholders are hereby de.
clared TO be the first board of directors of
this corporation, all Of whom shall hold Of
flee until the second Monday of September.
l912, or until their successors shall have
been elected and qualified: James O'Rourke.
Walter V: ORourke, James j. ORourke, Al
bert l.. O'Rsurke.
Until the second Monday of September,
1917, or until their successors shall have
been elected and qualified, the following
named persons shall be the officers Of this
corporation James O'Rourke president !;
James ]. ORourke, vice-presdent Walter
V. ORourke, secretary treasurer
ARTICLE V.
This corporation shall begin business and
be going concern as soon as twenty-five
thousand lS25,000.00) dollars OF it's capital
STOCK shall have been subscribed and paid
for.
ARTICLE VI.
No stakeholder shall ever be liable or re-
sponsible for the contracts faults or debts
Of this corporation, nor shall any mere in