Lower coast gazette., 1913-08-09

paid for in cash, or at such time as the
Board of Directors may fix. This Cor
poration shall be a going concern when
and as soon as Fifteen Thousand
(S15OO0. 00) Dollars Of the capital stock
shall have been subscribed for.
ARTICLE v. !.
All the corporate powers of this Corr
paotation shall be vested in and exercise
ed by a Board of Directors. Said Ds1
rectors shall be elected at a meeting of
the stockholders to be held on the first
Monday in July Of each year.
/. Notice Of sucl, meeting and of all
othsss maatinps, not provided far BY
law, shall be given in writing to each
stakeholder by mailing same to such
stockholders last address ten (10) days
before each meeting.
At the first reeting Of the Board Of
Directors after it's election it shall elect
from among its number a President, a
Vice-President. a Secretary Treasurer
in the form of one person, or q Secre-
tary and a Treasurer as the Board OF
Directors may deem necessary; when
the Office Of Secretary shall be held
separately it may be held by one other
than a stockholder. All vacancies oc-
curing in the Board Of Directors shall
be filled by the remaining Directors
for the unexpired term. s
Until the first Monday in July, 1914,
the following shall constitute the first
Board Of Directors, namely;
Frank C. Movers, Emile A. Schayot
and Clarence Henritzy with the said
Frank C. Movers as President, the
said Emile A. Schayot as Vice-Presi-
dent and the said Clarence Henritzy as
Secretary Treasurer. and they shall
serve until their successors are elected.
At all of the meetings of the stock
holders each stakeholder shall be en-
titled to one vote for each share Of
stock standing in his name on the books
Of the Corporation, and such shares
may be voted in person or by written
proxy.
ARTICLE VI.
This act of Incorporation may be
amended or this Corporation may be
dissolved by and with the consent of
Three-fourths Of the entire capital
stock represented IN person or by
proxy at a general meeting called for
such purpose after notice rs provided
by law.
In case of the liquidation of this Cor
poration, its affairs shall be l~iquidated
by three ~ Commissioners, elected
from among the stockholders at a meet
ing called for that purpose or At the
meeting at which the dissolution is
voted, and they shall serve until the
affairs Of the Corporation shall have
been liquidated.
Should either Of the Commissioners
be unable tosact for any reason, the
remaining Commissioners shall fill the
vacancy.
ARTICLE VII.
No stockholder shall ever be held liza.
bic for the contracts or faults Of sale
Corporation in any further sum thar
the unpaid balance due the Corporation
on the shares Of stock owned by him,
nor shall any mere informality in tht
organization have the effect Of render
ing this Charter null or Of exposing thu
stockholders to any liability beyond tht
unpaid amount remaining due on hi.
stock.
ARTICLE VIII.
The Subscribers hereto have written
opposite their respective names tn
amount Of atock IN this corporation
J subscribed by each Of them and tn,
act Of incorporation shall serve as the
original subscription list Of said Cor.
poration.
Thus done and passed before me,
J by. Clerk Of Court .nd DIV tx .oaicit