The herald., 1914-06-25
THE HER AID

The board of directors as hereinafter created
IS especially authorized TO dispose of the
stock OF tins company IN whole OF IN part,
TOR any and all purposes above stated. as IN
ITS Judgment nav seem raIr and proper. This
company shall begin business as soon as FIVE
thousand dollars ($5OOOU) Of its stock shall
have been subscribed, and this charter shall
be the original subscription list
Article V. All the corporate powers Of this
corporation shall be yesred in and exercised
by the board OF directors composed OF five 81
stock holdeTs. who shall ue elected annually
on the second Thursday Of May Of each wear.
beginning with the year 1914, majority Of
said board shall constitute a quorum for the
transaction Of any and all business.
Al al. elections each stockholder shall be
emitted 10 only one vote, and maJOTtV Of
votes cas- shall elect. A failure 20 elect
directors al a regular meeting shall not dis
solve the corporation. bu; the directors then
~ Once VII continue 10 act until their sue
ors,.-s are elected and QualIued Notice
u the time Of hu,d.-g any and all meetings
shall re gwen BY The secretary to each stock
holder. such notice to ue sent by mail tive
days before such meeting, and directed to
each -'oCahollc- al his last known address
Immediately upon beng elected the dlr-c-
tors shall elect from among thelr own mum
ae' d president wee president and secretary
treasurer.
The said board shall have the fun power
and authority TO borrow money through the
president or some other duly authorized
agent uT .-cr..,. 20 execute mortgages and Is
sue rnt,s, bonds or other obIIgatlors and
generally 90 ar al the rrlugs necessary io-
..-f ..,Ir..-.-,....s - as. IT,, -. - fr:. ..I
-.,r.' ,,.,E .l--,. - - - - 80 -. - 9
a.rg.r,... ~ .i- sd ,mrro-.tll-, ., -,
r'Ht % the money borrowed or money, labor.
H. ~ 80 y. ~ d, '''S received
i5r.r y,.,-.,.l ,r ,I. I,s,J c, .''15,S' SCI
shall he rlrr3 Ey ,rs -e-r.;r,.,r -
rhc board unu the net meeting 10 he held
r ,' ..r, s ' 5-. or n.5' an. ,nfF GUY 9n.,
hoard az rr-sr,.-s .I.rl % r,,..,,'.I % - -
r Rochelle ,,r. sE.lf he r-ssi5.-.. y = 80. -, f.
II.-.r,l- ,ho Shall he 80 T-a.;J,,', -
e. E-u,- .yT. .i.rr he $500. '
l. Bred N-dr. aud n F-~s.
Arl.Ic II The r.r-i,.T .,ark NM, p. 49,
creased or If.-i-..rr5 rTrr7 ,r,-','. - -
-u-rta1rr-r, ,,,r...aG r,. - '''s "'"'
Arr,,r, VII VLa-,,.c- .L. ..:
,I'u be f..,rf ~ - - - -. i4''oL
from any orhcr ,Ie us s4aiTs sbaII he Io,'
d4feJ IN, a r.,-...'.,,.a - - -, . = II {i
appointed A. ycr,raI T'c,-ing of ~. SCI
Ildr-, I.ry,,5 5.- ,l' Ing r.,, Oh e S'o,k
committee shah have mi rG,tr- r. - -
al. ,rr, r.r,..,r,. 49, H. 49, 90 IN
lion. ''7~ 0'
Article VII No stocIholdcr Of this cor.
who@t 6 sg4 lS or the G.sPoss Of H. his stock
vririny ~ The otEcr s,'Ilb9iI.-s ,I- ~ III
board nj d,rrr,a-s M s1sn rs
sro,th,ri.-S 49, any .~''usI OF "hie3
stock shall have the nriy,egc u b,,,,S, ,A,u
- r- ,'," 10 me shafes owned by them at
,r, PC o'',A nGe oneIfd theretor IN writ
board of di~c-rors I'd ~; = HD,i'sei 10 Ine
by an outsider. Then AZ the b,ok ys1,,s IS go
stock within thirty DAVIS from the date of
such offer, the stockholders offering said sfock
may dispose Of the same to any person what
soeveT.
Transfers Of stock shall not be recognized
unless such stock is transferred on the books
of the company by the owner or by his duly
authorized agent " - "'' O1'y
Article IN. No StoCkholder Of this corpor-
alton shall ever be held fable or responsibie
for the contracts or faults of this CORPORATION
IN any further sum than the unpaid balance
due by him, # any on the stock Subscribed
for by him, nor shall any mere informaIitv
in the organization have the rfTert ~ 80
dcring this charter null or Of rTnos;,1y 49,,
stakeholder, to any liability beyond the un
paid balance, If any. due Nv him TO- s+CCL