The herald., 1912-09-19

wit: To acquire, maintain and operate a
garage, for the storage, cleaning, polishing
and general care of automobiles and all
other kinds OF auto vehicles, to buy, sell,
vehicles of all descriptions, as principal,
agent or on commission to construct, main
tain and operate complete machine shop
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 Identified with the
automobile business or not, and particularly
tires, lubrcating oil, gasoline, varnishes,
paints, and automobile accessories; to main
tain and operate. for hire taxi-cabs, auto
mobiles and auto-vehicles to organize, con-
duct, maintain and operate a school where
instruction shall be given in the operating.
and repair Of automobiles; to acquire by
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, for
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-
same be incidental to that specially men,
TONED herein provided such business be not
specially prohibited by law.
ARTICLE v
The capital stock of this corporation Is
hereby fixed at the sum of one hundred and
fifty thousand (s15O, 0OO.0O) dollars, divid-
ed into three thousand $4,000 shares of
fifty ($5O00l dollars each, payable in cash,
or its equivalent, as the board of directors
may direct, and the corporation is to begin
business as soon as twenty-five thousand
(S2o,OOOOOl dollars of the capital stock
has been subscribed for. All shares Of stock
transfer of stock shall be binding on the
company unless recorded upon its books,
and made In pursuance of fits charter and
bylaws. No transfer or sale of stock shall
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 for
period OF not less than twenty days, IN
less the board Of directors unanimously
waive this delay, in writing.
ARTICLE vi.
All the corporate powers of this com.
pany, and the management and control of
its business shall be vested In and exercised
~ stockholders. A majority Of the direc.
tors shall constitute quorum for the trans
action of all business. The directors shall
be elected annually by the stockholders on
Each stakeholder shall be entitled, in per
son or by proxy, to a vote for every share
or stock owned by him, and all elections
shall be held under such rules and reguIa-
lions as may be determined by the board of
directors. "a
The board OF directors thus elected shall
continue In Office for one year. and until
their successors have been duly elected and
qualified. Any vacancy occurring on said
board shall be filled by the remaining d.
rectors Tor the unexpired term. The board
or directors shall at Its first meeting after
It's election, nominate out of its number a
president, a first vice-president, a second
Vlce-presldent, and a treasurer and these
omcers shall have such powers as NAV he
conferred upon them by the board OF di-
rectors The board of directors shall have
tne right and power, and shall, from time TO
Time, employ and discharge such clerks and
otner employees as may be deeemd neces-
sary, expedient and proper, by them. for
tne proper conduct and management OF the
anairs, business and interests of said cor.
P POT ton, Any Of the directors shall have
tne right to appoint by written instrument
anotner director as his proxy to act In
ms stead at any and all meetings of the
bond Of directors. Va INV
The board Of directors shall elect and
employ the secretary of this CORPORATION
VINO need not be a stakeholder. and thev
ssaiI px mis- compensation, duties and term
ARTICLE VII.
AZ the first stockholders meeting n ho
ned Immediately after the organizatjon ~
TINS corporation, the stockholders shall elect