The herald., 1913-06-26

| business, undertaking or enterprise connected
with, growing out of, germane or incidental
to any of the objects and purposes hereina-
bove set forth or contemplated by this char
ter.
Article IV.-The capital stock of this cor.
poration Is fixed at the sum Of twenty thou
sand dollars divided into two hundred shares
of the par value of one hundred dollars each
which shares shall be paid for in cash. or
In the purchase Of property. No transfer OF
stock shall be binding upon the corpora ton
unless made upon its books, and ali certih-
Gates of stock shall be signed by such officers
as may be designated by the board Of direc-
tors.
Article V.-All the corporate powers OF
this corporation and the mana cement and
control OF Its affairs shall be exercised BY
board OF directors composed Of three stock
holders, majority of whom shall consti.
tute quorum for the transaction Of all
business. The directors shall be elected an.
nually by the stockholders, at a meeting to
be held on the third Friday in May of each
year. Each stakeholder shall be entitled
In person or by proxy, to vote for every
share owned by him, and all elections shall
be held under such rules and regulations as
may be determined by the board of direc.
tors. The directors thus elected shall con.
tinue In office for one year, or until their
successors shall have been elected and have
qualified. No failure to elect shall be re.
garded as forfeiture Of this charter Any
vacancy occurring on said board shall be
hlled by the remaining directors for the un.
expired term. The board Of directors shall
at Its first meeting after its election. nomi
nate out or Its number president, a vice
president and a secretary, and II shall EN-.
ploy and dismiss such clerks, managers and
other employees of the corporate as the
interest and business Of the same NAV ius.
tify. Any OF the directors shall have the
| right to appoint, by written instrument an
! other director or stakeholder to act as his
proxy and In his stead at any and all meet
ings OF the board OF directors
Article Vino stakeholder shall ever be
| held liable or responsible for the contracts
faults or debts of this corporation, nor shall
any mere informality In its Organization
have the effect of rendering this charter void
or OF exposing a stakeholder to any liability
owned by him.
Article vII-This act of incornora ton
may be changed, modified or altered. or the
corporation may be dissolved, with the as
sent or the stockholders owning three-fourths
OF me STOCK or the corporation, present OF
represented at general meeting convened
for that purpose, and after at least ten DAVIS
written notice shall have been given through
mail to each stakeholder at his last known
pace or residence. In case Of dissolution by
the expiration of this charter or otherwise
the stockholders shall elect three lIouida TORS
from among their number to settle the bust.
ness and affairs Of this company. In case
OF the death or disability OF any one OF
said commissioners or liquidators the snr.
vivors shall appoint successor to him.
Article V1II.-Immediately after the sign.
ing OF this charter the stockholders shall
meet and elect three directors who shall
1914. N'u al nay
NO sale or mortgage If any property own.
ed by this company shall be valid unless
sanctioned by the president.
rms corporation shall be going concern
as soon as fifteen thousand dollars shall
nave been subscribed to It's capital stock.
fhus done and passed in my office on the
gay, month and year first above written, In
Tue presence OF Frank B. Twomey and Jo-
seph L. Weiss, competent witnesses who
nave signed with the appearers and me. the
notary, after reading the whole.