The herald., 1912-09-12

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 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
and to buy, sell, lease, erect, construct and
maintain all such buildings as may be
deemed proper, necessary, expedlent or
In the discretion secretion Of the board for
troll Of the business. of this corporation !;
to acquire by purchase, lease exchange or
otherwise trademarks, trade-names, copy
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
ARTICLE V.
hereby liked at the sum of one hundred and
fifty thousand (S15O, 900 OO) dollars. divid-
ed into three thousand (3,0OO) shares of
nIty tsoO.0Ol 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
SS25,OOO.0Ol dollars of the capital stock
shall be full paid and worcestershire. No
transfer Of stock shall be binding ON the
company unless recorded upon its books,
ana made In pursuance Of its charter and
bylaws No transfer or sale Of stock shall
De made to any person without previously
onering the same at the same price to the
stockholders Of this corporation; said OFFER
directors, stating the number of shares Of
fered for sale, the price bona-fdely for the
same, and the name Of the person making
sucn oner such option shall be granted for
a period OF not less than twenty days. un-
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
,Is business shall be vested In and exercised
py board Of directors composed of seven
VI stockholders. A majority of the direc.
TOTS shall constitute a quorum for the trans.
be elected annually by the stockhoIders on
the second Monday of july OF each wear
Eaen stockholder shall be entitled. in Der.
Of SSn s or oy proxy, to vote for every share
shall be held under such rules and revula.
lions as may be determined by the board OF
The board Of directors Thus e,ected shall
continue In Office for one year. and nntii
tneIr successors have been duly elected ana
9uanned Any vacancy Occurring ON said
BOARD shall be filled by the REMAINING Al
sect0rs Tor the unexpired term. The hoard
OF directors shall at its first meeting after
IFS election, nominate out of IT'S nnmher a
p pites, . first vice-president, a second
o ofTee-president, and treasurer, and these
omcers snail have such powers as NAV he
conIerred upon them by the board OF III.
re tssctors; The board Of directors shall have
me me right and power, and shall from time 70
a.ne, employ and discharge such clerks and
osner employees as may be deeemd nacas-
KY, expedient and proper. bv them Tor
III. .ae proper conduct and mana cement OF tbs
anaIrs, business and interests OF said cor
tppration. Any Of the directors shall have |
. me right to appoint by written instmmant
anotner director as his proxv 70 sct u |
board e az d as any and all meetings of the
me board Of directors shall eIect and
vhpoy the secretary Of this cornoration
shsu 1ee1 not be stakeholder. ana fbay
~ n,,l III MS compensation, duties and term
ARTICLE VII
+. AT the nrst stockholderr' moet,n, A.
tSi mmedi.tely after the orranizst,ou " ~
'As corporation, the steckholders shali e,ect