The herald., 1916-02-24

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| 90 do all such acts and things As pertain q
| said business.
| Article IN.-ThC capital stock OF sand cor
| poratIau Is hereby nXci al me sum % twenty
| i've thousand dollars. divided INTO and rep
resented ny i've hundred shares Of the p,
| value Hf rf'y dollars each.
-Four hundred and vleatF-''EHt -1.rr~ "
-Nr capital stock OF sud company, iuH ral'
and uHu-I>-e--a'.c, have been .ud are 81"
>.rrI,I 'Dr Hy Richard L.harrc. and shall ''
issued q, him, t> 'hc price % and lu *
chang, tor tHe LHgh inr Loose Lea. h'nic''
invented ny hrw. uu which Letters fLrHi q"
the United State have been allowed lNc
rial Number H.S'-', but not yer issued an,
.rr lr, aai ali Improvements winch lac shall
, rr may devise upon the same. ~4ld corpora
t.'u ~ assigns. successor, and iega. repre-
-rn;atrvg,, - have and hold SAID inventions
ru full ownership. with the r'ght % have
Use and rtg.y al the nights of full owner
ship. and especially 90 sell or dispose of
il, same. ~cyyralIy ~ Iu block. AVID o. apply
for. obtain and own patents ou any or all of
lGu same 90 any and alt countries OF iA,
world. as SAID company IFS assigns, ~uscrs.
-'r~ and legal representatives,. nav sec ai,
Nr'1 nd Inventions, dec ana i'-a.> are
valued and appraised 'N 'ar directors % sand
corporate" 90 the --m Of twenty four ihuu'
sand and four Eaulrrd do'Iar-.
ot'cr Subscriptions '.r stock shall ICE pald
.u cash. as called for Joy the board "' d'roC
tors
On january !. NJ, dividend shall DE
rali ont n' the profits made 'y the company
mp 90 that time, and every >'N months there
after dividend shall Dec paid nut Of the
profits Of the company made sine, the last
previous dividend dt'C; and On .Nrug and
lpr.rtl'ulug ,alI dividends, ~aIt prvrt- shall
De divided. paid uui and used as follows.
]. There shall Tee taken from SAID profits
the sum necessary o. paw q dividend upon
the capital stock oil tie rate OF SIX per cent
per aruu".
p. After deduction nt the foregoing, the
remainder ct sand p~rHr- shall pr set a-. dr
90 torn q surplus nr rr-oINr luna, provided
.1It when a"1 Us soon a> 'Hc surplus ur rr-
serve fruI shall amount % Twenty-Five thou
sand dollars, the board oi directors. prC-cry.
my sand surplus ur reserve intact. may. lH ITS
discretion. pay and apprr,Guu all further
profits 90 the -ra. kHnldrr- a~ dividends
The corporation shall have the night tu
increase ITS capita. stock from time i' time
O. nuc hundred thousand dollars.
When the corporation shall Dee hqu,dttrd.
. funds aud assets. after payment % all
debts and Liabilities. shall be rutd ru and
distributed among the Stockholders, accord
ug 70 their respective holdings
Article N.-AN ~ the corporate powers 81
sand corporation shall be- vested On and rNcr-
,>gd hy board Of directors. composed Of
I'VE stockholders, the first board tp remain I'm
rrh'r until the lhlrd M'"daN % March, l"N
when there shall be Cd meeting OF N'nCkhpId-
cr~ tor nm election. and after sad date. cleo
t1Du- shall hr held Annually. Notice 1T each
meeting for such elections Shall be delivered
personally OF by being deposited lu the post
office, properly addressed. To- each ~taChhpid-
cr. M least fifteen days before Nucn meeting.
AZ each election. each stakeholder shall De
entitled &" cast hvc votes for each share OF
stock standing M ms name. and sand votes