Lower coast gazette., 1914-06-06

&c elected, unless the sa'ac should be
a holiday, when the election shall be
:cld OH 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 tho daily English news
paper, Of. This city; and the board Of
directors shall appoint n OF 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, b. appointment, NIL tho va
csncy. 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 r chosen.
In such event the President shall
cause another. election to be held with
in thirty days, and shall give notice
thereof as hcrcinbeforc 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,
snail elect the person O. persons for
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 their
number, caused by death, resignation
or 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 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 regulations as the affairs
and business Of the corporation 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 tic United States.
The said board shall elect or APP
point q secretary and such other Off
GERS, ::gcnts,, employees, servants and
clerks as it may deem necessary for
the conducting Of the business Of the
corporation, term OF service, with the
right to dismiss them ut said boards
pleasure. -
ARTICLE VI. .
This charter may. be, 50 changed,
modified or lamended,a the capital
stock Increased ;urrdocreased, OF this
corporation m:y dissolve at a general
meeting Of the stockholders convened
Tor the purpose with the assent Of
threc.fourths Of the entire capital
stock, whether present OF represented
1t suci, meeting. sz;
Ten days prior notice Of such
meeting shall be. given in any daily
English newspaper published in the
city.
In case Of dissolution or termina-
ton of this. corporation, either by
limitation Of its charter OF from any
cause, the liquidation tof4 its affairs
shall be conducted By two commission
ers selected from the stockholders,
with like assent and at a. meeting
called for that purpose, as above set
forth III this article.
Said commissioners shall remain In
office until the affairs. ef said cor
poration shall .layc been fully liqui-
dated. In case Of the death Of one
or moro Of said commissioners the
survivor or survivors shall continue
to act.
ARTICLE VII.
The holders Of all or any part Of
the shares Of the capital. stack Of this
corporation sl:all have the, right from
time to time st their discretion to
create and form voting trust. !.
ARTICLE VIII.
No stocklpIder of this corporation
shall ever be held liable or responsible
for the contracts or fault. thereof in
any further sum than the unpaid bal
ance due the. company on the shares
Of stock subscribed for Or owned By
him; nor shall any i9formality in or
ganizaticn have. the effect Of render
ing this charter null, or. Of exposing
. stockholder to any liability beyond
the unpaid balance, il any. Of his
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