Lower coast gazette., 1914-07-04

NC clcCCSus uiilCSS t'N
a holiday, when the election shall be
held on the next legal day thereafter.
Notice OF such election shall be Civ
en- only to stockholders by at least
ten (1o) days continuous publication
Immediately preceding such election
in one of the daily English news
papers Of this city; and the board Of
directors shall appoint n or more
stockholders to preside at such cleo
ton as commissioners. In the event
of the failure Of any commissioner or
commissioners to attend, the president
shall, by appointment, fill the va
cancy. Any failure from any cause
whatever to elect directors the day
named for that purpose shall not dis
solve the corporation; but the direc'
tors then in Office, as we'll as the Off
GERS Of said company, shall hold over
until their successors are chosen.
In such event the President shall
cause another election to be held with
in thirty days, and shall give notice
thereof as hereinbefore provided.
At every election and meeting each
stakeholder shall be entitled to vote
for each share of stock registered 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 tol
whom they have been cast.
After each election the board Of d.
rectors shall elect from their own
number the officers of said company,
ARTICLE v.
The board OF directors shall have the
full power to fill vacancies in thei,
number, caused by death, resignation
OF otherwise, from among the stock
holders Of the corporation.
The said board shall have full con
troll of the property of this company
and shall so conduct, manage ant
use the same as in their discretion
they deem fit, and that is consistent
with the objects Of this company o.
the welfare of the same.
The said board is further authorized
to frame and adopt such bylaws
rules and regulations as the affair;
and business of the corporation ma.
require, and as it may deem necessar.
for the conducting and management
thereof; provided, the same shall no
conflict with this charter or with tn
laws of the State or the United States
The said board shall elect or ap
point a secretary and such other off
GERS, agents, employees, servants an
clerks as it may deem necessary 70
the conducting Of the business Of tn
corporation, term OF service, with tn
RIGHT to dismiss them at said board
pleasure.
ARTICLE vi.
This charter may be so changed
modified or amended, the capt;
stock increased or decreased, or tn!
corporation may dissolve at a gener;
meeting Of the stockholders convene
for the purpose with the assent
three-fourths of the entire capt.,
stock, whether presen. or %represente
at such meeting.
Ten days prior notice OF sue
meeting shall be given in any dali
English newspaper published in Il
city.
In case Of dissolution or terpin'
ton Of. this corporation, either /
limitation OF its charter or from al
cause, the liquidation Of its affai
! shall be conducted by two commissio
; ers selected from the stockholde,
, with like assent and at a meetil
called for that purpose, as above 8
forth in this article.
Said commissioners shall remain
! office until the affairs Of said co
poration shall have been fully liq'
+ dated. In case of the death of G
or more Of said commissioners t
e survivor or survivors shall contin
r to act.
ARTICLE VII.
8 The holders of all or any part
the shares of the capital stock Of tt
Q corporation shall have the right fri
time to time at their discretion
n create and form a voting trust.
ARTICLE VIII.
No stakeholder of this corporate
j. shall ever be held liable or rcsponsi|
'e for the contracts Or faults thereof
J, any further sum than the unpaid b
le ance due the company on the shal
of Of stock subscribed for or owned
him; nor shall any informality in
~ganization have the effect Of rend
ing this charter null, or Of exposi
&c a stockholder to any liability beye
1e the unpaid balance, if any, OF