The herald., 1913-06-05

/ SNH 80 va .apit7id1d. uttI It's otpDt q"
ndtn' lhe sara corporation ShalI nave mo
| power ana authority % exist and 70 enjoy
/ succession Tor the iul term or nlnety-nlns
years from the date hereof, unless sooner
u.,Io.Fra 10 contra Y, sue ana De sued 20
/ MAKE ana use a corporate seal, and 10 break,
alrC 3hI ch'hE' ne same at pleasure; 10
/ nave, hold U.s., purCha se own, receive, lease
sei. convey mortgage and hypothecate or
p''u-' property real, personal and mixed;
10 eorro" money and to lend any portion ~
/ rs income proceeding from Its capital stock
q" OF o.H'." w. ana TO give and receive Secur!-
,l.N ih't'i'F TO make advances on real and
persona, securities; 20 elect and appoint
sd'H "Ui.'.N, directors, managers agents
ana eMp..FeeS a. the Interest and convent
| enc OF 'a" corporation may require, 10
, max ana establish such bylaws. rules aHi
| .s-ulI!,,a' l.s III" p-onec management, %;
Ihe dHdl'S OF 'hr corporation as may he ur'-
,l,r' ,,',' -. -l ne .f-N, 10 cAdnS-
,.araroiI., -, a. 40 81, , ll p,,S.1l.'' "ul
T.rs arj ,Si,cs -, 80. ,n 80 aIIS, MAJ
,,~,,.'r, ,f,r, - - '.'..' ''i1 10 'I'
.srr, ,1t ,n ohft, I-.' ..,r>''.! 10
A+i.I, IL IL ~ t anu PURPOSES OF me
s,I,'c ''' '''.''''"' '- ''"N' '--i'
process SA2.! oe served Apon ''' President
treasurer or fhiS Cnrppra,ia". or I'm case OF
-, ",.",- VT NANNY ID a.'' .rgl me
-. vi, j.,..'s,1,. 81 'ue 80. %. ne az
- ,rt '.,.r 4, ~ w 49," '.N P.N,l-
thereof Dl'"
80, rr- wi t,
'.. - ~. o2r'tS an" pose,
...I Nl.t ,n 'n.e CORPORATION Is orThhiz'd 'ud
49,, 5LL,r,5 o." '' 't.'gl on ~ u, are "a
~ !. -, ~ ''"uh'I IH'1t''7 anu
..,,.,I f',,u." 'n'3'Er.' control th'a ,E.Ia.
1870 ',', =" - n,.. i.' anu '%"l'N.'s
a,,' 80 ,oH> ~ 'pnn.-, 'ht con'IoI l'h.ed
49, H. ~ a9H 20 rhEdE'
T,.1.,' III '"s '''''''''Ii anu a"'"''ih'hs
'" ,. ~ ri,
AL't,.e ~ ne .tfi,aI Stn'R ~ 'hls cor
t',n.iuu - Iylg.' .N,H az, ~ ,.' sum OF ',H
lnn,"SaHi u'''aT' 'Nl"'P"uu'l, 10 Do a..
o
,s--tn ~, VI ',' P.r ''',' 'I H,F Go.!tT4
~ 80 i,,I ~ 500 HHH'l D1 P.'9 lo'
~. ., ,',T' rS .4,.'G LOT .. " 'oard OF ure-
lots OF may De ISSUED as nun PAID STOCK IN
pI'"'IInl or tNSudhE- LOT properly or rights
o,-.a..' '..t3'rl OF purchaser bV the cor
go, '"H' SHI III pay 'Htnt OF services rem
W, s ". anu a. S'''A S"'' I've iNH pam Sas
~
No shares OF stock shall he transferred
except on the books Of the corporation, and
NOT until the certificate or certificates evil
dencng the same, properly endorsed. shall
have been delivered 10 the corporation and
duly cancelled; and the corporation shall
have the right 20 refuse TO make such trans
| Ter upon lis books as long as the owner OF
the stock Is Indebted In any way to the
corporation.
The board OF directors shall have III.
right to cali In and nurrhaSa nj their book
value. as shown bv the inventory last made
such share or shares OF stock as NAV b.
Inherited from an, of the Stockholders VIII.
NAV die All refired shares ~ stock NAV
be reiSsued by said hoard Of directors At
NOT less than their hook yaIue
No stOckhol shall have the right to
sell or dispose OF his stock without first
Offering II in writin. for ten DAYS through
the board OF directors TO tho other stock
holders In prOportion 10 their rasnectiye
holdings. al a pric. not in excess az the
book yaIue as OF m. d,te on surb ofrer ana
IL anr stockholder refuses 10 nurchasr tbs
others shall have the right to buy tn. same
in proportion TO their respectiye holdings:
II an the Stockholders rafus. 10 Inv then
said stock NAV n. SoId "a an, ono
This CORPORATION shall beTin business q,
soon as three thousand dollars 1s2 ooO OO1
OF tn. canitaI stocE js suhscrihad Tor which
amount il hereby declared 10 n. subscrihad
Ariel. V-AiI The cornorat. noyysrs ~
thl, corporation and the management and
control OF its business shall n. yested in and
exercised by hoard OF directors 70 ha com
posed OF three members. maiority OF whom
| shall constitute a quorum FOR the transsc-
tion OF all business and thor dacision shaII
| be valid corporate acts maioritv Sote Of
! tn. directors present shall decide ali Gu.s.
| lions voted unor The hoard Of dirertora
shall elect from amsng ITS members lis own
officers as foIIows. A nresIdent yyho shall
also be the treasurer =, yice nresident and q
| secretary. The board OF directors shall have
| the mower TO Determine TN. manner and IN.
cause for which vacancies NAV be declared
| on said board No person shall he eligible ma
a member OF the hoard OF directors unless
a stockholder OF this corDoration The fol-
| lowing persons shall constitute tn. first
| board of directors. viz JOSeuh TrOXler
| I,oui. A TroIIer and Lawrence q Nercer
/ with the said JoSenh A Tro,Ier 90 nr.sI
| dent Ssurer Lawrence g. Mercer ne VIC.
| president and louis A TroIIer as secr.
| tary Said hoard Of dIrectors shall con
| tiniIe In office until the second Fridav in
January. 1914. on which dsy and snnIaIiy
| thereafter a board OF dIrectors shall n.
elected by ballot for the term OF one wear.
| Such election shall be held under such rule,
| and regulations as NAV be proylded NV Nh.
| board OF directors. Any failure from any
| tors on the day named shall NOT dissolve IN.
corporation, but the board OF directors the.
| in office shall hold over until their success
sors are chosen. At every election and meet
| ing of the stockholders the vote shall n. h.
ballot. and each share OF stock shall he en-.
| titled to one vote. to be cast by the owner
| in person or by written proxy Tn. STOCK
holders receiving a majority OF the vote,
cast shall be declared elected as the hoard
OF directors Any vacancy occurring on
said board shall be filled by the remaining
directors BY the appointment of some ouaIi.
fed stakeholder. who shall serv. untii his
successor Is elected at the annual election
The board of directors shall have the RIGHT
TO appoint and discharge such managers
clerks agents and other employees "a NAV
be deemed necessary or expedient. and 10
make, change and amend ali bylaws rule,
and regulations for the prODer conduct and
management OF the affairs business and
concerns of said corporation NOT in conflict
with this charter or the laws OF this state
provided. that the nrpsIdent NAV snsneni
any EMPLOYEE. in his discretion pe,ding tbe
action OF the board of directors
All warrants. checks, drafts or other OBJ
legations of this corporation shall be signed
by the president-treasurer