The herald., 1914-06-11

I
Article IE.-Ihe capital stock OF said cor
/ p'rd'i'n IS hereby uNea az the sum OF htteen
/ thousand G'I.arN lNI9'''.'''' divided into and
| FFpTc'en'ed by fifteen hundred $500 shares
( each. Said stock shall be paid for in cash.
I AZ oi,h time. ln such amounts. and after such
h'N.e 20 the subscribers rs may be liked
/ 10y me board OF directors; or the same may
re ISSUED az not les than par fog labor done
! or property actually received 10y the corpor-
/ alton
Inc ''Tpg.ail"a snail become q going con-
Germ ana DE al'I"Tized q. do business as
soon h> Three thousand dollars 'sa"'HNl Of
US 'tpi."t STOCK Hh1L nave been subscribed
| an, l".4 ,,"i ~ .@'A.
H'..lr ~. .tt y'TF",A'e powers OF Sa'd
,"'F''a'!'" shli DE vested m ard eNercl Sed
'F BOARD 81 directors Z. ht composed OF
I'VE 'thi"irr'~' To- he elected every i've
yeas on the second tuesday IN May !" each
..'-.. wear. except me hr,i ".4Fn appointed
. .a l''- charter VINO SHaN hold their oitOe'
"a,,, the Se. '"t tuesday IN May, ~.
~ '',A ,,,'l'.r ehai. "' -'.d 10y ballot,
ara conducted az the "lHce o. sand corpora
won. under the supervision. of three com.
...l'' 70 DC appointed 'y 'Ac oDa'd OF
~ -,."'--
N'u'y OF ,H,a e.re'i'n saaii be gwen by
..' 80, 'T."ig 'I ..'' company ny Pa'H. alton
.'. ''l less IMAM zen nays Pt-'T Nitrct,, IN
, .'N7 Iar'T IUoH-HeI /" the city II Ne"
'.''"I-.
~ All such elections and 1T al. corporate
meetings. every stockholder shall Ne entitled
70 n.r vote Tor each share Of stock standing
30 hi, nome on the book, Of the company, 10
be- cast 'u person or 10y his written proxy,
ard majority OF the votes cast shall elect.
ANY vacancy occurring among the directors
Hy death. resignation or otherwise, shall be
1''cd by election for the remainder OF the
term los the remaining directors
\ failure 90 elect directors on the date
above specified shall not dissolve the corpor-
alton nor impair us corporate rnauager7crt
hur the director, then ~ office shall remain
office until their successors are elected and
qualified.
The board Of directors shall elect form their
own number president, vicc-prc>ilcut and
secretary and treasurer. They may from
TIME 90 time name and appoint an such other
officers and agents as they may deem ucccs-
-a~y for the purposes and business Of the
corporation. They shall have power 20 hx
and dcaue the du'lr, Of every officer and
employee, and all officers and employees shall
hold office al the pleasure OF the board
The board may make and establish IS well
rules and regulations necessary and proper.
~ lis Judgment, for the conduct, support and
management OF the business and affairs OF
said corporation.
The board shall have full power and author
Itv TO borrow money, 10 execute mortgages
and To create liens, To issue bonds, notes and
other Obligations, 20 purchase and acquire the
business aud good viii Of any and all bust |
ness Of any kind. and 10 pay therefor in stock |
90 tins corporation, or cash. or paper, and |
generally 90 do all things reasonable, con- /
ing on OF the business OF the corporation.
The board may issue full paid shares Of /
stock for cash, or in payment OF labor done /
or property actually received by said cor
ppratIon.
The said capital stock shall be evidenced |
by certificates which shall be transferable /
only. upon the books OF the company, and /
which shall be Transferable upon the sur
render Of the outstanding certificates, or on /
due proof OF loss.
Before any stakeholder can sell the stock |
owned by him in this company, or before the
said stock can or shall be transferred on
The books Of the company, It must first be |
offered IN writing % the board of directors
Of Tins company, who shall have the option
ot purchasing the same at such price as said
,tockhoIdcr may have been offered for the
same 10y bona hde responsible purchaser,
sand otter Of such bona hdc responsible pur-
chaser to be evidenced by writing, which
writing IS TO be submitted to the board of
directors al the time the offer Of sale to the
board OF directors Is made. The said board
u directors shall have thirty tSJl days from
winch to decide whether or not to purchase
'aid stock and should It ia'l or refuse to
purchase SAID stock within such period of !
lme, then the said holder or owner Of the
STOCK may dispose OF IT to any third person,
provided ne receives therefor sum not less
nan me price at which he offered same TO
ne board OF directors OF said company. If
he sale to a third person shall be for price
o this company, then this company shall
ave the right to refuse to transfer the said
'tocE on the DOCKS OF the company and the
'oard OF directors snail have the right and
't'VlIegf 70 Purchsse, SAID stock at the price
II A %n,Gn VI y M WTs sO.d: ,,;s
,e dissolved, either by limitation or from any