The herald., 1912-01-18
ARTICLE FOURTH.

The capital stock Of this corporation 1.
hereby fixed at ten thousand dollars $40
OOO.O0), divided into one hundred shares OF
| the par value of one hundred dolla r.
| .S1Oo.OO) each; said stock shall be PAID
| for In cash or its equivalent. real estat
bonds. notes. good will merchandise goods
chattels labor done or services actually per
Formed for said corporation, or property O,
| rights actually received by said corporation
OF such other property as the board Of di
rectors may approve.
This corporation may become going
concern and shall be authorized to commence
business when and as soon as five thousand
have been subscribed for
NO transfer of stock shall he binding upon
the corporation unless made upon its hooks
I'M IN person rs or by proxy, No stakeholder
held by him without having first offered the
same to the corporation, through its board
] or directors, and said board shall have fhe
privilege OF purchasing said shares within
hve days thereafter for cash aft the hook
value. and all shares thus purchased NAV
be re-issued.
ARTICLE FIFTH.
All the powers of this corporal ton shall
be vested In board Of directors. comnosed
OF not more than five nor less than fhrea
stoekholders At the annual election in
each year the stockholders shall have the
right TO fix the number within the Iimitas
lions herein established to compose the
board for the ensuing year.
Inc board of directors shall fix the num-
I oa "a. necessary 10 constitute quorum Of the
said board Of directors shall be elected
annually on the second Tuesday of January
~ eaeh year; all said elections shall be by
tSa ana snail be held and conducted at
rules and regulations as NAV be establisbed
Dy the board OF directors; ten days' nrior
NOTICE OF such elections shall he givep bv
wrItten communication addressed to the
residence pi"ee Vi
AT all such elections. and at all corporate
meetings every stakeholder shall be entitled
70 one vote for each share of stock stand
poration to; be cast by him In person or bv
shall elect. CAST
Any vacancy occurring among the direc-
Tors or said corporation, whether by death
resignation or otherwise shall be filled nv
election Tor the unexpired term. by the re-
naming directors. Failure to elect direc-
or, ,' on the date above specified shall not
nee or engagement, but the directors then
n ONCE shall remain in office until Their
'uceessors shall have been duly elected and
The officers of this cornorat,on shall 40,
list OF president, vice-president. secretarv
lnd treasurer; the secretary and treasure
nay be combined In one person. The nresi.
lent and vice-presldent shall be stockbolders
n the corporation; these officers shall he
elected by the board Of directors.
:, The following shall be the first board OF
Jose Venta, Jr., Sophie Veuta
widow Of Casimiro Martinez, and Anna Ven, |
a.. with Jose venta. Jr., as president: So |
'hie Venta, widow Of Casimiro MARITIME. as
'ice-presfdent, and Anna venta as secretary
treasurer. and they shall hold Office unfil
he second Tuesday Of January, 1913. at |
which time the first election under this |
harter is to be held, or until their success |
ors shall have been duly elected and quail |