The Caucasian., 1913-05-06
ARTICLE ".

| The corporate powers Of this com
Dany shall be vested III and eNer-
ciSed by a board of eleven (t1l d.
/ reCtOrS consisting OF the president
vice president, secretary-treasurer
and eight stockholders. Six of said
/ board shall constitute quorum for
the transaction OF business, and
/ their decisions shall be valid cor
porate acts. The following persons
shall constitute the first board OF
directors: J. j. Hudson, T. NJ. Hall, L.
L. Grain, ]. W. Peyt0n, J. r. Castle
berry. b. Cannon, w. b. ChenoWeth,
W. S. Thompson, D. q. Richardson,
| J. l. Pence and r. H. Guelich, and
the first officers of said corporation
and body polite shall be as follows: ::
| J. j. Hudson, president; I. NJ. Hall,
vice president; and f. E. Grain, sec
retary-treasurer, who shall hold
| their respective offices until their
successors are duly chosen and
elected as hereinafter set forth. No
person shall be eligible as a director
or an officer who is not stock
holder Of this company. During the
absence of the president the vice
president shall act and preside. Said
board of directors shall continue in
ONCE until the second Monday in
January nineteen hundred and four
teen, on which date and thereafter
annually, the board of directors
shall be elected on the second Mon
dav of January Of each year, unless
tn same shall be a legal holiday
when the election shall be held on
the next legal day thereafter. Notice
Of such election shall be given by at
least ten 40 days continuous pub
lication Immediately preceding each
election, in one of the daily English
newspapers of said corporations
domicile; and the board of directors
shall appoint one or9more stock
holders to preside at such election
as commissioners. In the event OF
the failure of any commissioner or
commissioners to attend, the presl-
dent shall, by appointment, fill the
vacancy. Any failure from any cause
whatever to elect directors the day
named for that purpose shall not
dissolve the corporation and body
polite, but the directors then in Of
fee. as we'll as the officers OF said
company, shall hold over until their
successors are chosen, in such event
the president shall cause another
election to be held within thirty
800 days, and shall give notice
thereof as hereinbefOre provided. At
every election and meeting each
stockholder shall be entitled to one
vote for each share Of stock regis
tered in his name, and may vote by
proxy. The election Of directors
shall be by ballot, and the majority
in amount of votes cast, each share
Of stock voted upon to be counted
for one vote, shall elect the person
or persons for whom they have been
cast. After each election the board
OF directors shall elect from their
own number the officers Of said
company. The board of directors
shall have full power to fill vacan-
cies in their number caused by
death, resignation or otherwise,
from among the stockholders Of the
corporation and body polite. The
said board shall have full control OF
the property Of this company, and
shall so conduct, manage and use
the same as in their discretion they
deem fit, and that is consistent with
The objects of this company, or the
welfare of the same. The said board
is further authorized to frame and
adopt such bylaws, rules and regu-
lations as the affairs and business OF
The corporation and body polite
may require, and as it may deem
necessary for the conducting and
management thereof; provided the
same shall not conflict with this
charter, or with the laws of the
State, or of the United States. The
said board shall elect or appoint
such officers, agents, employees, ser
Jants and clerks as it may deem
necessary for the conducting of the
business of the corporation and body
oolitic; fix their compensation, term
If service, with the right to dismiss
hem at said boards pleasure; and
said board shall have the right to fix
and determine the salaries of the
several officers herein provided for.
ARTICLE v.
This charter may be changed,
modified or amended, the increase
or decrease Of the capital stock ex-
cepted, OF this corporation and body
oolitic may be dissolved, at gen.
eral meeting OF the stockholders
convened for that purpose, with the
assent of three-fourths of the en-
ire capital stock, whether present
or represented at such meeting. Ten
days prior notice of such meeting
shall be given in any daily English
newspaper published at the domicile
Of said corporation andsbody polite.
In case of dissolution OF termination
Of this corporation and body polite
either by limitation of its charter or
from any cause, the liquidation of
is affairs shall be conducted by
three commissioners selected from
he stockholders, with like assent,
and at meeting called for that pur-
oose, as above set forth in this arti-
lie. Said commissioners shall remain
in office until the affairs Of said
corporation and body polite shall
have been fully liquidated. In case
If the death of one or more of said
commissioners, the survivors or
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