The Parker post., 1916-11-04

otherwise dispose of any or all of the
property, real or personal, of the Cor
poratlon and to acquire in any man
ner whatsoever any and all kinds of
property that said board may deem
proper and advisable fer said COrpOr- /
alton. To elect the officers and enl- .
ployees and appoint all necessary
agents, attorneys, servants, em- .
ployees and laborers OF every .
kind for said Corporation and .
to fix and determine and
cause to be paid the compensa- /
tior for services rendered, or to be
rendered, by the directors, officers, /
appolntees, attorneys, agents, ser /
wants and lahorers Of the Corpora /
tion and to fix and determine, demand /.
collect and receive payment for all
ton for others and the purchase
price of all property of the Corpora /
ton sold and disposed Of; to make,
establish, alter, amend, repeal or re-
scind all bylaws, rules, regulations
ard orders of the Corporation.
Ely resolution to appoint two or
more, Or other number to constitute I
al executive committee, which com
nittee shall for the time being, as
provided by said resolution, or in /.
the bylaws, have and exercise all |
the powers which may be lawfully /
delegated to it by said board and res
olution in the management of the
bus ness and affairs and property of
the Corporation and with power
among other powers to authorize the
seal OF the Corporate to be affixed
to all papers or instruments requiring
the same.
The officers of this Corporation
shall be a President, one or more
VAce-PTesidentS, a Secretary, a
Treasurer and such other officers
and assistants as the Board Of Direc- |
tors may from time to time deter |
mine, direct and elect, or appoint. .
ALI Of said officers shall be elected
or appointed by the Board of Direc- !
tors at the annual meeting Of the
| Directors and all Of whom shall hold
office for one year and until their
successors are elected and qualified,
unless sooner removed by the board
Of directors, which SAID board is
hereby expressly authorized and en-
powered to do for any reason lit may
deem sufficient, all such elections,
| appointments and removals to be con
| Quoted in the manner directed by
said board Of directors. Provided that
the same person may by direction
Of the board CT directors hold any
two offices, not inconsistent or in
conflict one with the other
All acts, elections, appointments
and orders Of the board oil directors
shall be done and performed by atiir- .
NATIVE vote Of the majority OF. the
whole board Any meeting Of said
board, with or without notice, at
| which all directors are present, shall |
be regular meeting. A majority Of
the actual members OF said board f,
shall constitute q quorum for the
| transaction OF business at all meet |
ings Of the board.
ARTICLE VI. !
The highest amount of Indebted
ness or liability, direct or contingent,
to which this Corporation is at any
time to subject, itself shall not eX-
| ceed the sum of Seven Hundred
| Thousand 100000 Dollars.
ARTICLE VII.
| The private property Of the stock
holders, officers and directors Of thls
Corporation is to be exempt from cor
porate debts and shall always be ex
empt from any and all liability TO
| whatsoever.
ARTICLE VIII.
1t is hereby expressly provided
that any and all OF the property,
real, personal and mixed, Of the Cor
poratton, may be sold and disposed
O. by the directors and officers OF
the Corporation at any time when au-
thorized by resolution of the stock
holders at any regular meeting OF
the stockholders or at any special
meeting Of the stockholders, legally
called and conducted for that purpcsa
at which meeting sixty CO., per cent
of the issued and outstanding stock
sh9n be legally voted to authorize
Or ratify and approve such sale.
Il witness whereof we have here
unto set cur hands and seals this
SIS day Of August, 1916.
| FT1OTTA