Judith Gap journal. [volume] (Judith Gap, Mont.) 1908-19??, 1912-07-19

JUDITH GAP MONTANA. FRIDAY. JULY 49, 1912

make all contracts when authorized by the
Board OF Directors. co,lntersign all certificates
OF shares of stock when sold. He shat! counter
sign all vouchers for expense, after being duly
audited by the Board of Directors. He shall
collect moneys due to said company, giving his
receipt for the same. He shall have charge OF all
moneys of this corporation. That all funds OF
every kind. nature and description, belonging to
said corporation. shall be at once turned and
delivered to him. He shall keep said money OH
hand on deposit III a bank named by the Direct
ors. III separate fund.- to the credit of the said
corporation. He shall not be liable upon his
bond for any default on the part of the bank. but
otherwise shall be responsible and accountable
tor all funds coming into his possession. He
shall pay said moneys out only Oh vouchers
signed by board of Directors. except grain tick
cts and fixed charges. which shall be signed by
the grain buyer. the forms furnished by the
company. He shall keep a full and complete
record OF all moneys received by him. from whom
and tor what purpose he shall keep separate ac-
counts OF different funds. He shall make a
monthly report to the board of Directors at their
monthly meeting and a full and complete report
OF the years business to the annual meeting Of
the stockholders III July of each year. and per
form all duties as the Board OF Directors may re-
puiie of him as Secretary Treasurer Before Ell
tering OH the dntes of his otiae as Secretary
Treasurer he shall execute surety bond in the
sum OF four thousand dollars a, 100000 payable to
the said elevator company, for the faithful dis
charge of his duties, the company to pay pre-
Iniuln on the bond
Section 7. Duties of Board OF Directors-The
Board Of Directors shall audit all expense ac-
counts at their monthly meetings to be held OH
the first Monday OF each month at the office OF
the Farmers Elevator Company at Judith Gap,
Montana. The Board of Directors shall approve
bonds OF officers. select and hire the grain buyer,
and shall define and instruct the officers of said
company OH what terms any contract may he
made hy the officers. The board OF Directors
nave the power at any time to discharge
move any officer for failure to perform his duties
as prescribed i'll these bylaws. and they shall
have power to appoint officer to fill said va
cancy who shall have all the powers and duties
OF the officer removed, with the same compei,sa-
ton.
Section $. Duties of Grain Buyer--Thc grain
buyer shall have charge of the grain, and coal
business and shall give a surety bond TO said
company, i'll the sum of three thousand dollars
(fS,000oo for gross weights and clock.ge of grain
and for the proper handling of said business,
He shall make daily reports TO the Secretary
Treasurer Of amount of grain bought and grai,,
shipped and coal sold.
Section 9. Provided. that any director may be
removed by majority vote of all stock outstand-
ing and his successor elected at a special meet
ln9 called Tor that purpose by the written
request signed by 4 majority of the stock
holders.