The herald., 1916-07-27

| All transfers Of stock shall he made on
| me books OF the corporation and shall be
! N!Ened by the stpckhOlder or by his attorney
! Article Nl-'Ihc business and affairs and
| corporate powers Of this corporation shall be
| transacted by board Of eleven an directors
| 10 be composed of stockholders thereof each
| owning at least ten (lOD shares Of the capital
| stock IN his own name, and they and each
! Of them shall be elected by a majority of ali
NE votes cast at a meeting TO be held for
| that purpose.
Adam. A, Muhleisen. as president, Dr.. An
thoHy J. Montz, as viCe-prc sident. John A.
Preston as secretary treasurer gcneral-nan-
ager, Dr. Otto J. Burger, J. Zach Spearing.
Dr. \. 4: Keller. Evan Kcfauver. L. S An
gusiin, Albert bourgeois John r. Carroll and
&. ". Barbat shall constitute the first board
Of directors and they shall hold office until
the second Friday in Nav, 1917 or until
their successors are elected and quaIified
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
rive % members OF said board Of dircc-
torS snail constitute a quorum for the trans
action and management Of all business Of
On the second Friday Of May. 1917. and
annually thereafter an election for directors
by the stockholders shall be held at the Office
OF the company after thirty 800 DAYS printed
Or written notice shall have been mailed to
each stakeholder subscriber to stock at
their respective addresses appearing on the
books OF the company Every board of d.
rectOrS shall at lis first meeting after its
election, or as soon thereafter as practicable,
elect a president, a vice-presidcnt and a sec
rotary -treasurer-general manager from their
own number.
A failure to elect directors on the date
above specified shall not dissolve the cor
porailon, but the then existing board Of direc-
tors shall continue 20 hold their offices and
another election shall be held as soon there
IS q all lf he 81
the board Of directors then IN office. whereof |
hiteen (lS) days prior notice shall be given
IN the manner above provided, which said |
notices shall be full and complete notice I. /
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 or |
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
avs, 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
'r may delegate the same to one or more Off
,ers at ITS pleasure; appoint and fix the sal.
iries OF all officers, clerks and employees,
,,ot herein mentioned, the same 20 change or
iismiSs at pleasure; fix the salaries of the
'fhcers provided for herein; sell, convey,
pledge, lease and purchase rights.
franchises property movable and
and personal; borrow money, lend
money, issue notes and bonds: make con-
racts and sign cause 10 be signed by of. |
cers or directors specially or generally au-
horized by the board of directors all neces-
airy acts, deeds, etc, and adopt a corporate
cal, the same to change or alter or dispense
Nth at pleasure; and 10 do all things which
ray be necessary TO be done in the manage
1ent of said business and permitted by the
avs applicable TO corporations.
Article VII.-All persons who shall insure
nth this corporation shall thereby become |
olicy holders during the period they shall |
emain insured by this corporation, and no 1
Article VIII.-Ths charter may be changed,
lOdfed or altered, or said corporation may I
e dissolved in the manner and by the ma I
,rities, fixed by law at any general meeting 5
ose after thirty 900 days previous notice Z
nall have been given in the manner pro- ! t
ided in Article VI Of this charter. :
But any and all meetings of stockholders, 4
ny other purpose, may be held at any time r
ithout notice by unanimous consent of all o
ockholders, in writing, filed with the seere- I
Article IX.-Whenever this corporation is il
ssolved either by limitation or from other i
Iuse, its affairs shall be liquidated under 4
e superintendent Of three stockholders to .
chosen for that purpose by a majority in c
mount of the stockholders present or repre- II
nted at a general meeting of the stock Il
'lders at which the election is held. Said Il
shall remain in office until the c
fairs of said corporation shall have been a
lily liquidated. In case Of the death Of p
ie of said commissioners or of the refusal n
inability of one of them TO act, the sur
vors shall continue 70 act and shall select Il
iother stockholder in the place and stead OF p
e commissioner who shall have ceased to a
:. 5,
Article X.-The president may, in his dis Of
elton, and shall, upon the written request II
lders, call special meeting Of the stock Il
lders of this corporation. 81
Article XI.-No stakeholder shall ever be
Ible or responsible for the contracts or pi
ults OF this corporation in any further SUM vi