The herald., 1912-08-22

wit To acquire. maintain and operate
garage for the storage, cleaning, polishing
and general care of automobiles and all
other kinds Of auto vehicles, to buy, sell,
lease and exchange automobiles and auto
vehicles of all descriptions, as principal,
agent or on commission: to construct, main
tain and operate complete machine snop
for the repair of automobiles; to both man
ufacture and assemble automobiles, auto
vehicles or any of the various parts there
Of to buy sell, lease and exchange all char
acter and kinds of personal property, wheth-
er the same be specially identihed with the
automobile business or not, and particularly
tires lubricating oil, gasoline, varnishes,
paints, and automobile accessories; to main
tain and operate, for hire taxicabs, auto
mobiles and auto-vehicles; to organize, con-
duct, maintain and operate school where
instruction shall be given in the operating,
| and repair Of automobiles; to acquire by
purchase. lease or otherwise all real estate,
and to buy, sell. lease, erect, construct and
| maintain all such buildings as may be
deemed proper, necessary, expedient or
in the discretion of the board; Tor
| troll of the business of this corporation !;
| to acquire by purchase, lease, exchange or
otherwise trademarks, trade-names, copy
| rights and patents; and generally, to en-
gage In any business, whether or not the
same be incidental to that specially men
toned herein provided such business be not
| specially prohibited by law.
i ARTICLE "
The capital stock of this corporation Is
hereby fixed at the sum of one hundred and
fifty thousand $3.50, 100000 dollars, divid.
ed into three thousand (3,O0Ol shares of
fifty (S50.OO) dollars each, payable in cash,
or it's equivalent, as the board of directors
may direct, and the corporation Is TO begin
business as soon as twenty-five thousand
has been subscribed for. All shares of stock
shall be full paid and worcestershire. No
transfer of stock shall be binding on the
company unless recorded upon Its books,
IL 90 t- CHI rfa n
bylaws. No transfer or sale Of stock shall
be made to any person without previously
offering the same at the same price to the
stockholders of this corporation said offer
to be submitted in writing to the board OF
directors, stating the number of shares of
fered for sale, the price bona-fdely for the
same, and the name OF the person making
such offer; such option shall be granted fol
, a period of not less than twenty days, un
less the board Of directors unanimously
waive this delay, in writing
! ARTICLE vi.
Il All the corporate powers of this com
] pany, and the management and control OF
: Its business shall be vested In and exercised
by a board of directors composed OF sever
ca stockholders. majority Of the direc
tors shall constitute quorum for the trans
action Of all business. The directors shall
he elected annually by the stockholders OIL
D the second Monday Of July of each year
: Each stakeholder shall be entitled, in per
son or by proxy, to a. vote for every shar
e of stock owned by him. and all elections
e shall be held under such rules and regula
q tons as may be determined by the board o
e directors.
S The board Of directors thus elected shall
continue in Office for one year, and unit
their successors have been duly elected an
] qualified. Any vacancy occurring on sal
d board shall be filled by the remaining di
e rectors for the unexpired term. The boar
I of directors shall at its first meeting afte
!, its election, nominate out of It's number
r president, a first yice-president, secon
;tvice-president and a treasurer, and thes
o officers shall have such powers as may b
J, conferred upon them by the board OF d
8 rectors. The board of directors shall hav
d the right and power, and shall, from time I
d time, employ and discharge such clerks an
l. other employees as may be deeemd nece.
l. sary, expedient and proper, by them, 70
IS the proper conduct and management of tn
affairs, business and interests Of said col
lporation. Any of the directors shall hay
Is the right to appoint by written instrumer
y another director as his proxy to act
s. his stead at any and all meetings of tn
r. board Of directors.
d. The board Of directors shall elect an
employ the secretary of this corporation
Is who need not be a stakeholder, and the
of shall fix his compensation, duties and ter
lie of employment.
,fI ARTICLE VII
8, At the first stockholders meeting to
8, held Immediately after the organization
o this corporation, the stockholders shall ele