The herald., 1914-07-16

oer,nain or incidental TO any of the objects
and purposes set forth Oh contemplated Dy thls
charter.
>. To purchase, hold. transfer assign, mort
gage pledge or otherwise dispose of the shares
Of the capital stock of or any bonds, deben-
lures, securities or other evidences OF indeDt-
edness created by any other corporation or
coruoratons of this or any other state, terri
tory or country, and while the owner of such
stock to exercise all the rights, powers ana
privileges of ownership, including the rlSht
TO vote thereon.
s. To borrow money in such manner as the
association may deem Mt. and to mortgage
and otherwise pledge the associations prop
erty to secure the same.
4. To buy, SELL hold, assign, transfer, mort.
gage and deal in and with real estate and all
interest therein; to buy, sell, hold, assign,
transfer, mortgage and deal in and with
goods, wares. merchandise and all kinds OF
personal property, licenses and franchises, for
the purpose herein set forth, and, in general,
conduct any business necessary to carry out
said purposes, and to exercise all the rights
powers and privileges now or hereafter con-
ferred by law upon associations organized un-
der the provisions of the laws authorizing the
formation of associations.
Article IV.-The capital stock of this asso-
citation is hereby fixed at the sum of three
hundred thousand dollars (S300000, divided
| of ten dollars (slO) each, which shall be paid
| for in cash, on such terms and conditions
as may be decided upon by the board of di
| rectors. may be issued for less thar
tually rendered to. said association: All
| shares Of stock shall be full-paid and non-
| assessable. No transfer of stock. shall b
| binding upon the association unless mad,
upon the book, and all certificates of stocl
| shall be signed by such officers as may b,
designated by the board of directors.
| Article V.-All corporate powers of this cor
| poration shall be vested in and exercised by
| board of directors composed of not les.
| than five or not more than nine directors
all of whom shall be shareholders. and whit
| shall be elected annually on the first Tues
| day of June of each year. The first election
| under this charter shall be held on the frs
| Tuesday of June, 1915, provided, however. tha
| Immediately upon the passing of this charte
| the shareholders shall convene and elect di
| rectors, who shall serve until the first Tues
| day in June, 1915.
| Said election shall he by ballot and con
| Quoted at the Office of the association, an,
| notice of said election shall be given by tn
| secretary treasurer to each stockholder il
| writing ten days prior to said election, male,
| to the stockholders last known address, shall
| be sufficient notice. Each stakeholder shall b
| entitled to one vote, either in person or b,
| proxy. The directors shall serve until thei
| successors have been elected The director
| shall have the power of filling any vacanc,
| occurring among their number For all pur
poses herein a majority of the board of direc
| tors shall constitute a quorum. They shall
have power to employ or discharge such en-,
ployees may be necessary for the conduc
| Of the business.
The officers of this corporation shall consis
of a president, first vice e-president, secon