The herald., 1912-08-29

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,
lease and exchange automobiles and auto
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 lubricating oil. gasoline. varnishes
paints, and automobile accessories: TO main
tain and operate, for hire taxi-cabs auto
mobiles and auto-yehicles: to organize, con-
duct, maintain and operate a 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; for
troll OF the business OF this corporation /:
to acquire by purchase, lease, exchange or
otherwise Trademarks, trade-names, copy
s I m ana snI patents TENS and; generally to en-
same be incidental TO that specially men
toned herein provided such business be not
specially prohibited by law.
ARTICLE Y.
The capital stock of this corporation Is
hereby fixed at the sum OF one hundred and
fifty thousand $3.50, 00O.00) dollars. divid-
ed into three thousand (3,00Ol shares OF
fifty (s50.o0l 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
ts25,O oO.00l 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
De MADE 10 any person without previously
onering the same at the same price to the
stockholders of this corporation: said Offer
10 be submitted In writing TO the board of
fered for sale, the price bona-idely for the
same, and the name of the person making
such oner: such option shall be granted for
a period OF not less than twenty days, I'M
waive this delay, In writing.
ARTICLE VI.
Al the corporate powers Of this com.
pany, and the MANAGEMENT and control ~
us business shall be vested In and exercised
"a stockholders. A majority OF the djrec.
tors shall constitute a quorum for the trans
seton OF all business. The directors shall
t gs elected s. annually By the stockholders on
Each stockholder shall be entitled. in per
son or Oy proxy, to a vote for every share
OF STOCK owned by him, and all elections
shall be held under such rules and rep1lIa-
lions rs may be determined By the board OF
directors Vi
The board of directors thus elected shall
continue In Office for one year. and untiI
their successors have been duly elected ana
qualined, Any vacancy Occurring on said
board shall be filed BY the REMAINING al
reetors for the u1expired term. The hoard
OF directors shall at Its first meeting after
IT'S election, nominate out Of its number
president, first vice-president, a second
yIce-president, and a treasurer, and these
omcers shall have such powers as NAV he
conferred upon them by the board OF az
rectors: The board Of directors shall have
tne right and power. and shall from time 10
time, employ and discharge such clerks and
otner employees as may be deeemd neces-
sary, expedient and proper, by them. for
me proper conduct and management of the
AFFAIRS, business and interests of said cor
poration. Any Of the directors shall have
the right to appoint by written Instrument
another director as his proxy TO act in
AIS stead at any and all meetings of the
board OF dfrectors-
The board of directors shall elect ana
employ the secretary Of this Corporation
WHO need not be q stakeholder. and they
shall NJ his compensation, duties and term
OF employment.
ARTICLE VII.
At the first stockholders meeting IN Ia
held Immediately after the oryanizsf,on ~
this corporation. the stockholders shall elect