Evening journal., 1913-12-06
CHARTER FOR
DEVELOPMENT
co. NEXT WEEK
ContInued From Erred page.


or any other State. country. nation or
government and while owner of said
stock may exercise all the rights,
powers and privileges of ownership,
including the right to vote thereon,
TO the same extent as natural per-
ons might OF could do.
To enter into, make and perform
contracts of every kind with any per-
son, nrin, association or corporation,
municipality, body polite, county,
territory, State, Government or colony
or dependency thereof, and without
limit except as herein set forth, to
draw. make, accept, endorse, discount,
execute and issue promissory notes,
drafts, bills OF exchange, warrants,
bonds, debentures, and other negotia-
BILE or transferable instruments and
evidence of indebtedness, whether
accrued by mortgage or otherwise, as
well as to secure the same by mort
gage or otherwise.
To do any OF all Of the things here
in set forth to the same extent as
natural persons might or could do,
and In any part of the world, as prin-
cipais, agents, contractors, trustees or
I
pany with others.
In general, TO carry on any other
business in connection Herewith,
whether manufacturing or otherwise,
not contrary TO the laws of the State
OF Delaware, and with all the powers
conferred upon corporations by the
laws of the State of Delaware.
Fourth. The amount of the total
authorized capital stock Of this cor
poration is one million dollars ($1,-
000,000.00), divided into ten thousand
100000 shares, of one hundred dol
lars ts100.00) each.
The amount of capital stock with
which II will commence business is
one hundred thousand dollars $780,
000.00) being one thousand (1,000)
shares, of one hundred dollars ($100)
each.
The existence of this corporation shall
not be perpetual but shall commence
upon duly fling and recording of this
certificate Of Incorporation, and shall
cease upon the first day of January,
1919.
The private property of the stockhold-
ers shall not be subject to the payment
OF corporate debts to any extent what
ever.
The directors shall have power to
make and to alter or amend the bylaws
to fix the amount to be reserved, and
to authorize and cause to be executed,
mortgages and leins, without limit, ex-
cept as herein set forth, upon the prop
erty and franchises OF this corporation.
The directors may, by a vote Of the
stockholders, be divided into one, two
or three classes; the term of Office Of
the FIRST class to expire at the annual
meeting next ensuing; Of the second
class one year thereafter; of the third
class two years thereafter; and at
each annual election held after such
classification and election, directors
shall be chosen for a full term, as the
case may be, to succeed those whose
terms expire.
No money obligations in excess Of
the sum of one thousand dollars shall
be created except by the affirmative
vote OF two-thirds Of all members con-
stituting the Board of Directors.
No contract or agreement shall DO
entered into unless by its terms and
conditions the obligations of this cor
poration hereunder are agreed TO oe
performed on or after the first day of
January, 1919.
The total amount of existing obliga-
tions incurred by this corporation shall
not at any time exceed fifty per cent
of the amount of its capital stock ac-
tually subscribed.
Subscriptions to the capital stock OF
the corporation shall not be assigned
except with the approval Of the board OF
directors. but the board OF directors
may, with the consent of the creditors
OF the corporation, approve Of assign
ments of subscriptions or release oI
compromise subscriptions.
The directors shall not assess upon tho
shares of stock ofthis corporation a sum
of money in excess Of one per cent. OF
the par value Of said shares OF stock
in any one month, unless such additional
assessment is necessary to meet losses
incurred by the corporation, OF to meet
obligations Of the corporation due anc
unpaid, nor shall the total Of said
monthly assessments Of one per cent
each exceed ten per cent. of the pal
value OF such shares Of stock, unless
such additional assessment is necessary
TO meet losses incurred by the corpora
tion OF 10 meet obligations OF the cor
poration due and unpaid.
Al all meetings of the stockholders