The herald., 1915-04-22

vices TO be used 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 germane
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 (s7s,OOOOO) dollars, divided into
seven hundred and fifty G50 shares of the
par value of one hundred (Sl00) dollars each,
which have been entirely subscribed and
after more fully shown XII shares a. Of He stoek
shall be full paid and nonassessable. No
transfer of stock shall be binding upon the
corporation unless made upon it's books, ard
all certificates of stock shall be signed by
such officers as may be designated by 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 to
be divided also into shares of one hundred
(SlOO) dollars each, provided said increase in
the capital stock shall have been authorized
by the stockholders at meetirng TO be held
pursuant to the provisions of Article V of
Article Vail the corporate powers of the
company shall be vested in, and the manage
ment and control of its affairs shall be exer-
eised by board of directors composed of
four stockholders, the membership of which
board may be increased to FIVE. A majority
OF the directors shall constitute a quorum
for the transaction of all business. The di-
rectors shall be elected annually, by ballot
by the stockholders, on the first Monday in
February in each year. Each stakeholder
shall be entitled, in person or by proxy, to
vote Tor every share owned by him, and all
elections shall be held under such rules and
regulations as may be determined by the
board OF directors, after Is days notice by
mail of such election shall have been sent 70
each stakeholder at his last known address
The directors thus elected shall continue in
once Tor one year, or until their successors
have been duly elected and qualified No fail
ure to elect shall be regarded as a forfeiture of
this charter. Any vacancy occurring on said
board shall be filled by the remaining direc-
tors for the unexpired term; the said board
snail likewise elect the additional members
number of said board. Said board of directors
snail at its hrst meeting after its election
nominate out OF its number, a president a
vice-president, secretary and a treasurer
SAID board shall have the right to appoint and
dismiss such clerks, managers and other en-
ployes Of the corporation as conditions NAV
Justify, or the business of the corporation NAV
require. The tenure of Office of all the EN-.
pioyes OF the corporation shall be during the
pleasure of the board Of directors. ANY of
the directors shall have the right to appoint
by written instrument, another director or
stockholder to act as his proxy and in his
directors.
Article VINO stakeholder shall ever be
held liable or responsible for the contracts.
faults or debts of said corporation, nor shall
ATTY mere informality in its Organization
have the effect Of rendering this charter null.
or OF exposing stakeholder to any liability
beyond the unpaid balance due on the
Article VII-This act of Incorporation NAV
be changed, modified or altered, or this cor.
poration may be dissolved, with the assent
OF the stockholders owning two-thirds of all