The herald., 1916-08-24

All transfers of stock shall be made on
| the books of the corporation and shall be
signed by the stakeholder or by his attorney
Article NI.-The business and affairs and
corporate powers of this corporation shall be
| transacted by board Of eleven QD directors
to be composed of stockholders thereof each
| owning at least ten (l0) shares of the capital
stock in his own name, and they and each
OF them shall be elected by 4 majority of all
the votes cast at a meeting to be held for
that purpose.
Adam A, Muhleisen, as president, DR.. An.
thony J. Montz, as vice-president, John A
Preston, as secretary-treasure general
ager, DR.. Otto J. Burger, J. Zach Spearing,
DR.. A. A. Keller, Evan Kefauver, L. s. Au-
C: ". Barbat shall constitute the first board
of directors and they shall hold Office until
the second Friday in May, 1917, or until
their successors are elected and qualified
each subsequent board shall take their seats
Immediately following their election. or as
soon thereafter as practicable, and shall hold
their Offices until their successors shall have
been elected and qualified.
Five Isl members of said board OF direc-
tors shall constitute a quorum for the trans.
action and management of all business of
said corporation
On the second Friday of May, 1917. and
by the stockholders shall be held at the Office
of the company after thirty (30) days printed
or written notice shall have been mailed to
each stakeholder or subscriber to stock at
books of the company. Every board of d.
rectors shall at its first meeting after its
election, or as soon thereafter practicable,
elect a president, a viee-president and sec
retary-treasurer-general manager from their
own number.
A failure to elect directors on the date
above specified shall not dissolve the cor
poraton, but the then existing board of direc-
tors shall continue TO hold their Offices and
another election shall be held as soon there
after as practicable at time to be fixed by
the board of directors then in Office, whereof
in the manner above provided, which s.iG
notices shall be full and complete notice to
all stockholders of such meetings.
In the event no election takes place at the
second meeting, the board then in Office shall
hold over until the next annual meeting
until their successors are duly elected and
qualified.
Any vacancy occurring in said board of
directors from any cause shall be filled by
the remaining directors.
The board of directors may make such BY
laws, rules and regulations as they may think
proper for the transaction of the business and
affairs of said corporation, and change, alter
and amend the same at pleasure and shall
exercise all the powers of this corporation
or may delegate the same to one or more Off
GERS at its pleasure; appoint and fix the sal
aries of all officers, clerks and employees,
not herein mentioned, the same TO change or
dismiss at pleasure; TX the salaries of the
officers provided for herein; sell, convey,
mortgage, pledge, lease and purchase rights,
privileges, franchises property movable and
immovable and personal; borrow money, lend
money, issue notes and bonds; make con-
tracts and sign or cause to be signed by Of
hcers or directors specially or generally au-
thorized by the board of directors all neces-
sary acts, deeds, etc, and adopt corporate
seal, the same TO change or alter or dispense
with at pleasure; and 20 do all things which
may be necessary TO be done in the manage
ment of said business and permitted by the
laws applicable to corporations.
Article VII.-All persons who shall insure
with this corporation shall thereby become
policy holders during the period they shall
remain insured by this corporation, and no
longer.
Article VIII-This charter may be changed
modified or altered, or said corporation may
joFities fixed by law at any general meeting
Of said corporation convened for such pur-
pose after thirty (D) days previous notice
shall have been given in the manner pro-
vided in Article VI of this charter.
But any and all meetings Of stockholders,
whether for purposes of liquidation or for
any other purpose, may be held at any time
without notice by unanimous consent OF all
stockholders, in writing, filed with the secre-
Article IX-Whenever this corporation is
dissolved either by Limitation or from other
cause, its affairs shall be liquidated under
the superintendent of three stockholders TO
be chosen for that purpose by majority in
amount Of the stockholders present or repre-
sented at general meeting of the stock.
holders at which the election is held. Said
shall remain in Office until the
affairs of said corporation shall have been
fully iiquidated. In case of the death of
one Of said commissioners or of he refusal
or inability of one Of them to act, the sur |
vivors shall continue to act and shall select |
another stakeholder in the place and stead Of
the commissioner who shall have ceased to |
act. |
Article X.-The president may, in his dis !
awd * Ill
Of twenty-five (2S95) per cent Of the stock /
holders, call special meeting of the stock |
holders of this corporation.
=. Article XI.-No stakeholder shall ever be |
liable or responsible for the contracts or /
faults Of this corporation in any further sum ]