The herald., 1914-04-16

nature OF the business to be carried on by
1t are declared to be to carry on a general
merchandise business, that II to Ouy ana sell
sugar, rice, vegetables and other farm prod
ucts, as we'll as all other kinds Of merchan-
disc, and TO receive for sale and to sell on
commission sugar, rice, vegetables ana other
farm products and all kinds OF merchandise
whatsoever consigned for sale; to make ad-
yances on such cOnsignments, and to charge
for such sales and advances, and generally
to do all acts and to enter into all con
tracts that may be necessary, convenient or
appropriate in the accomplishment OF the
afOresai purposes.
Article ". The capital stock of this cor
poration shall be one hundred thousand (Sl00,
0OOOO dollars, divided into thousand shares
of the par value of one hundred dollars
(SlOOOO each, payable when issued, in cash,
or other property, or for services rendered, or
actually performed as decided by the board
going concern when 5000 of said stock has
been subscribed and paid for. Each share
of stock shall be entitled to one vote at all
general elections.
Article V. No stockholder shall ever be
liable or responsible for the Indebtedness,
faults, or defaults of this corporation, nor
shall any. mere informality in the oTganiza;
tion of the corporation have any effect OF
rendering the charter null or of exposing the
stockholders to any liability beyond the I'M
paid balance, if any, on his stock subscrip-
| ton.
Should any stockholder desire to sell his
stock he shall first offer the same to the
| stockholders of the company through its
| board of directors, and the stockholders who
desire to purchase shall have the right to
purchase the same, in proportion to their
holdings of stock in the company. Should
said stockholders in seventy-two hours after
notice having been given fail or refuse to
purchase the stock offered for sale such stock
may be sold to any one.
! No transfer of stock shall be made or held
to be valid and binding unless made on the
| books of the company, and unless made in
| Inn pf he nf hart
| Article vi. This corporation shall have al
| powers granted to such corporations by lsw
| and shall have the power to contract, to Dor
| row money and evidence the same by notes
| pledge OF any property owned by II, sue anc
be sued in its corporate name, and to own
hold, receive, loan, lease, purchase, sell and
| convey or mortgage any and all acts or thing:
| of any other kind, nature description, a;
may be necessary to carry out the object;
and purposes of said business its interest:
| and conveniences may require.
| Article VII. The business Of said corpora
| tion shall be directed by and vested in
board OF directors composed of three stock
holders, majority OF whom shall constitute
and the said directors as first constituted
| shall be Leon Calm, NJ. Coguenhem and Leoi
Pfeifer, and they shall hold office until tn
last Wednesday Of March, 1915. and on tina
day and from each any every day thereafte
! elections shall be held annually for director
| at the principal office OF the corporation
| Failure TO hold an election on the day speci
he'd shall not dissolve the corporation, bu
| the directors in Office shall hold their re
spective office until an election shall be he'll
after ten days notice of the time and plac
thereof given to each stockholder. The an
nual election shall be held on the last Wed
nesday of March, 1914, and thereafter on tn
last Wednesday of March of each succeedin
year, and the directors shall be chosen b
ballot, and the election shall be held betwee
the hours of 10 a. m and D. m. All yacar
cies the board Of directors for whateve
cause shall be called by the remaining d
rectors. Leon Calm shall be the first pres