Norwich bulletin., 1915-11-02
NORWICH HOUSING co.
 ADOPTS ITS BYLAWS
Directors Are to Be, Managers .oi
 Company Affairs.

A stockholders meeting of the Nor wich Housing company was held on Monday evening at 7.30 o'clock at the board of trade rooms in the Thayer building, where President Walter F. Lester was in the chair and the min utes were kept by Secretary John J. Corkery.
 There was a representative attend ance of stockholders and the princi- pal business transacted was the adop- tion of the completed bylaws which will govern the operation of the com pany in the purpose for which 1t has been formed of providing for the &C., commodation of the employees to Arms company through the erection of houses for them to live in.
 The first article of the bylaws pro- vides that the stock, property and af- fairs of the corporation shall be un- der the care and management of than nine directors, who shall be elect ed annually and shall be stockholders.
 The officers are to be a president, vice president, secretary and treas urer, and 1t is provided that the pres ident shall with the secretary sign all certificates of stock, and under the direction of the board of directors sign all notes, deeds and all documents necessary for the proper transaction of the business of the corporation.
 Directors to Have Management.
 It is provided that the property, af- fairs and business of the corporation shall be managed by the board of di- rectors, who may exercise all such powers of the company as are not by law required to be otherwise exercised Without in any way by reference, in ference or otherwise restricting the generality of the foregoing the board of directors shall have power in their uncontrolled discretion to purchase any property or rights and to enter into any contracts which they may deem advantageous to the company and to fix the price to be paid by the company for any such property rights or contracts and shall also have power without the assent or vote of the stockholders to sell, transfer or other wise dispose of any or all of the prop erty of the company, to perform any such contracts; and to mortgage any or all said property to raise funds for carrying out the purpose of the cor poration in their discretion, but in no case shall bonds of the corporation be issued until first approved by a two thirds favorable vote of all outstand- ing capital stock.
 Meetings.
 The annual meeting of the stock holders for the election of officers and such other business as is proper are to be held on the first Monday of November at the place designated by the directors in Norwich, Conn. In case such annual meeting shall not be duly called or held the directors or the president shall cause a special meet ing to be held in lieu thereof. Special meetings of the stockholders may be called by the president upon proper notice and shall be called upon the written notice of holders of one-tenth of the capital stock.
 At least a majority of the total amount of outstanding shares are re- quired for quorum at a stockholders meeting. either present in person or represented by proxies, but a smaller number may adjourn from time to time.
 Regular meetings of the board of directors shall be held when the board may determine to hold them and spe- cial meetings shall be called whenever the president or any three directors shall so request.
 At the stockholders meetings every registered stockholder shall be entitled to one vote for every share registerd in his nam.
 Directors Considered Sites.
 After the adjournment of the stock holders meeting a directors meeting was held at which there were present President Lester, Secretary Corkery, Gorge s. Watts and D. T. Shea. They had under consideration the question or building sites, of which from 30 to 40 have been proffered to them for purchase, some large tracts and some small ones and in all parts of the city,
 They stated that they would not vote to buy any tract Monday night, but that they were anxious to get some work under way as soon as possible and to have it hustled along as fast as possible in order to meet the situa- tion that will develop here.
 A number of the sites that have been offered have already been visited and looked over by the directors.
 It is the intention also to work for further stock subscriptions