The herald., 1915-03-25

vices to be used as containers for merchan-
disc aid other articles of commerce, and gen.
orally to engage in and carry on any other
enterprise or business which may be germaue
or incidental to, or connected with. the pur.
poses hereinabove set forth or contemplated by
this charter.
Article IV--The capital stock of this cor.
thousand (S75,0O0.0O) dollars, divided into
sever. hundred and fifty (75O) shares of the
par value of one hundred (Sl00) dollars each,
which nave been entirely subscribed and
paid for in cash by the appearers, as herein.
after more fully shown. All shares of stock
shall be full paid and nonassessable. No
transfer OF stock shall be binding upon the
corporation unless made upon its books, ar
all certificates of stock shall be signed Inv
such officers as may be designated bv the
board of directors.
This corporation shall have the right TO IN.
crease ITS capital stock to the further sum of
seventy-hve thousand (S75OOOOO) dollars 10
De divided also into shares of one hundred
($lOO) dollars each, provided said increase in
the capital stock shall have been authorized
oy Inc stockholders at a meetirng to be held
pursuant to the provisions Of Article v of
this charter. "
Article Vail the corporate powers of the
company shall be vested in, and the man.se.
lneni ana control of its affairs shall be exer-
eised by board of directors composed of
tour stockholders, the membership Of which
board may be increased to five A majority
OF the directors shall constitute a otor,,m
Ior the transaction of all business The di.
Iectors shall be elected annualIv nv balIot
by the stockholders, on the FIRST Monday in
reoruary IN each year. Each stockholder
shall De entitled, in person or by proxv IN !,
vote Tor every share owned by him. and ali
elect,ons shall be held under such rules and
regulations as may be determined by the
board OF directors, after IS days' notice Nv
mail OF such election shall have been sent 70
each stakeholder at his last known ,ddress
me directors thus elected shall continue in
t Tilee LOT one year, or until their successors
nave oeen duly elected and qualified. No fail.
ure to elect shall be regarded as forfe;,,,rs IS
TINS charter. Any vacancy Occurring on sa;d
board shall be filled by the remaining d;rec.
t9rs Tor the unexpired term; the said hoard
snalI likewise elect the additional members
r,,,,,do uney snouid determine to increase the
Jumper OF SAID board. Said board of directors
snaIi at ITS FIRST meeting after its election
Illuminate out OF its number a president
SSeepresident, secretary and a treasurer
Jaiu BOARD snail have the right to appoint and
nIouns sueh clerks, managers and other en-
P.oySs OF tne corporation as conditions NAV
Jusli1y' or the business of the Corporation NAV
Lgqulte' The tenure of Office of all the EN-,
Pio Oh me corporation shall be during the
the Iir OF the board of directors ANY Of
bv u,L;eetors shall have the right to appoint,
" Mriiten instrument, another director oy
stockholder to act as his proxy and in b;s
directors vi 'ne ooaru OF
Article VINO stakeholder shall ever b.
fa,,I,s aois or responsible for the contracts.
any mere informality in its orpan;zs,;or
nave the effect of rendering this chsrter mil
OF OF exposing a stakeholder to anv Iiah;I;,
beyond the unpaid balance due on ths
snares owned by him. s
Article VII-This act of ;ncor~r..;.
oe changed, modified or altered. or This co..
peration may be dissolved, with the s.ssn,
"a uie stoeknoiders owning two-thirds of All