The herald., 1916-08-10

| All transfers of stock shall be made on
! the books Of the corporation and shall be
| signed 10y the stakeholder or by his attorney.
Article NL-The business ard affairs and
! corporate powers Of this corporation shall be
! transacted by board Of eleven OD directors.
| to Re composed OF stockholders thereof each
! owning at least ten tl0D shares Of the capital
stock IN ms own name, and they and each
! Of them shall be elected by a majority of al
| 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 treasurer geaeral-rnan-
4ger, d.. Otto J. Burger, ]. Zach Spearing,
DR.. A. A. Keller, Evan Kefauyer, L. $ Al.
RustIn, Albert bourgeois John r. Carroll and
g. W. Barbat shall constitute the hrst board
OF directors and they shall hold office until
the second Friday in May, 1917, or until
their successors are elected and qualiicd
each subsequent board shall take their seats
Immediately following their election, or as
their Offices until their successors shall have
been elected and qualified.
Five 81 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
annually thereafter an election for directors
by the stockholders shall be held al the office
Of the company after thirty 600 days printed
or written notice shall have been mailed 10
each stockholder subscriber to stock at
books OF the company. Every board of di-
rectors shall at its first meeting after us
election, or as thereafter as practicable
elect a president, vicc-prcSIdent and a sec
Tetary-treasuTer-g general manager from their
own number.
A failure to elect directors on the date
above specified shall not dissolve the cor
pOration. but the then existing board Of dir-c-
tors shall continue 10 hold their offices and
another election shall be held as soon there
alter as Practicable at time to be fixed by
the board Of directors then in office, whereof
fifteen U5 days prior notice shall be given
in the manner above provided, which said
notices shall be full and complete notice 10
all stockholders OF such meetings.
In the event no election takes place at the
second meeting, the board then in otice shall
hold over until the next annual meeting or
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
Csrs at its pleasure; appoint and fix the sal
aries of all officers, clerks and employees,
not herein mentioned the same 10 change or
dismiss at pleasure; fix the salaries of the
officers provided for herein; sell, convey, |
privileges, franchises property movable and
ImUiOyablc and personal; borrow money, lend |
money, issue notes and bonds; make con- |
tracts and sign or cause % be signed by Of !
hccrS or directors specially or generally su- !
thaTIzed by the board Of directors all ueces- |
sdry acts, deeds, etc, and adopt a corporate |
seal, the same TO change or alter or dispense |
with at pleasure; and 10 do all things which |
mcut OF said business and permitted by the |
laws applicable 10 corporations.
Article NII.-An 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 vIIT-This charter may be changed |
mod ned or altered, or said corporation may
be dissolved in the manner and BY the ma
j0rities fixed by law at any general meeting |
Of said corporation convened for such pur-
pose after thirty 500 days previous notice
shall have been given in the manner pro-
yded in Article VI Of this charter.
But any and all meetings Of stockholders,
whether for purposes OF liquidation or for F,
any other purpose. may be held at any time
without notice by unanimous consent OF all ,
in writing. flied with the secre-
Article IX.-Whenever this corporation is
dissolved either by Limitation or from other
cause, its affairs shall be liquidated under
he superintendent Of three stockholders 20
)e chosen for that purpose by a majority in
amount of the stockholders present or repre-
'enttd ar general meeting OF the Stock
holders at which the election is held. Said
commissioners shall remain in office until the
Affairs of said corporation shall have been
ully liquidated. In case Of the death OF
me of said commissioners or Of the refusal
" inability OF one of them 10 act, the sur
liv0rs shall continue - act and shall select
mother stockholder in the place and stead OF
he commissioner who shall have ceased TO
ct.
Article N.-The president may, in his dis
,retion, and shall, upon the written request |
u twenty-five ESQ., per cent OF the stock.
holders, call a special meeting Of the stock
lolders Of this corporation.
Article XI.-No stakeholder shall ever be
liable responsible for the contracts or
aults Of this corporation in any further sun