The herald., 1914-05-28

- another director lhrtc members % me
BOARD 81 directors. present III Lct>gn OF 10y
proxy ma" constitute a quorum ''f Ihe Nats-
action "i business.
ANY officer or director of the gurpurati0n
may ~ any ,rrle be removed 10y q majority
vote uf the ISSUED stock of The. .urrsrAtruu
holders, called for thar purpose ~ the manner
provided 90 Article VII. aud the duty ~
appointing q successor 10 the removed person
shall then d,yulyc upon the Stockholders.
Article VI. No certificate, OF stock shall
bee ISSUED. hur the amount If stock owned
ly each ,ru,Nh"lder shall Tee carried ou the
books uI the corporation
R,f.-r ans, ..o.Lb.ld.r rs,, sell tho s-.,L
.,y.u,d los him -, ,I-. '.-r.-.,-..,r 49, i,f,r,
the stock can ar shall l., t-.u.f,-r,.I o, The
books of The ,.rr.ra,rrr. II -ru,- rrs- he
,rf, .,.rr,.r.,,r.- ,.r, shall L.,, he nr--n,
- NM. p SIM, The ..r.r 40 .r.E ,r,,, 80 .g-I
,,.'Lh.Ii,- Trs.. h.yr hen .r,-rI ,.r m,
Sam. ia, a nm. ,dr -,.r.,,s,fr. r,.,,,,r tr.
sand n-'rr Of ,lIrh hon, nd r,,-,,,,srf.l, r,--
chaser 10 h, evidenced hv writing. which
ammo j.. "a D., s,,f,r,tr.l 2, 3D., ia 49,.
director, at the rim, The ,t.rr Of .,, to the
board of director, j., mad, Tho, I'D H.arF
of directors Shall have tifrr, I.ys f-r-f The
.rir-r 81 Nh, nHrr ii al, a., - ,-,trIr ,.ri.h
10 decide whether ar mo-, 10 purchase sad
refuse. 10 purchase ,,ld stock within sr,,r
r,rind 10. ,l-7rt Then the I'D hnIf,r ar oy.r,-
II Nh, stool MAJ, d-,r.-,. 81 T., =. ,rv th,ri
person. provided h, received therefor a SIM,
u IT. q
same To- the hnard # director, a.; ,.fI rY-nurs.
tluu II the sale 10 a third rrr,nr SHAH he
for % price less than the sum At which u was
.ff,-,i r.. Tins .,rr,.-,,i,,, ,rrr a.. ,.-r,,,.
ton shall have, rIr -iphf To- -,fr-,. o., trans
ie- The. sand ,,.rL an 'r, E.,L- If Tho -.r.
ro-nors,ior. and The. hoard ~ Jl-,rfor. ,E,,I
have the right and privilege 10 purchase ,aid
stock ~ tN, pr,,, Al ,,h-,h ~ v-., s.ld
II transfer of stock - rp Ia mad, fr,.r-
,,a,Lb ,rlrr =, INV r,-.,r Oh ~ ,L
CORPORATION. the stocLhoIdcr. who is selling.
shall nlt NTH The, ,,rr,.r9fInu an afr1ayIt
executed both bv him and by the pnr,bIsrr'
giving the priCc Al which the sale l. made
and no transfer shall he made until Tins am.
davit i, hlcd \ transfer at a lower fgurc
than that named IN The affidavit shall sr.itlc
the corporation to rr>cind The trarsirr. and
10 itself take over the stock. transferred by
payment to the trausfcrce Of The stock at
the actual rrir, f,- which IN. ssl. Us ID
aud the pavmcut bv the corporation to sncb
r-arsfrrec Shall be upon The same terms as
those herein next set forth in the case Of
purchase Of stock by the corporation from a
,t,cLhuldc-
Whenever the hoard Of directors shall de.
eide 10 purchase the stock of any stockhuldrr.
ihc board shall have the right 10 purchase
such stock upon term, Of ouc-thrd or more Of
the total consideration 10 be paid in cash
and the balance IN tyo ,1r,l ,ns,3l'rnrD,s
PAYABLE i'm. or before. one and two years
thereafter. provided that the actual transfer
u' the stock from the name Of the rkhoIdcr
who Is selling To- the cnrporation shall he
made only as the stock j. paid for. and until
such transfers are actually made. the stock
holder. who !. selling Shall FOR an pur,os,s
stock subject only 20 the obligation To sub
nit to the transfer Of his remaining stock
as II T. r,lJ +,- bv the c,.-r,-,,,.,,' MI,
any stock thus purchased by the c4rrorafior
Is to be rcIssucd such stock Shall be FIRST
distributed among the Stockholders II, The
same manner as Is provided in Article ~ in
the case Of an increase. Of stock. provided in
the case OF the sale Of purchased stock, such
stock shall be distributahlc among the stock
holders at the price AT which il was bnugbr
by the Corpo-afin0
Article VII The annual meeting of the
Stock holders IF this CORPORATION for the cleo
ton of directors shall be held AZ the office of
the corporate at O'Clock am At all cleo
tiurs bv the Stockholders, and all meetings of
the Stockholders. every stockholder shall be
entitled TO one vote for each share Of stool
standing in his name on the hooks Of the
corporation, which vote NAV he cast NV the
stock holder in person or bv his written proxy.
and A majority OF the votes cast shall defey,
mine ali results. unless otherwise provided
Stockholders meetings may be called at any
time nv the DreSident or nv the bosrd ~
directors. and thew shall also he caIirS by,
the president. or, in his absence bv the vice
president. upon the application Of persons
| holding twenty-five pc cent OF the issued
stock Of the corporation. All stockhoIders'
| meetings other than the annual meeting.
| notice 10 the stockholders. which notice must
| be in writing, stating the object of the
| meeting, and must be served personally upon
| the stakeholder, or il NAV Sc sent TO him
by placing it in the mail, addressed to the
dence not less than 1--WE davs bea1e , % Ga,e
OF the meeting
] Nhana,.a- =,