The Parker post., 1916-10-21

otherwise dispose of any or all of the
property, real or personal, of the Cor
poration, and to acquire in any man
ner whatsoever any and all kinds OF
property that said board may deem
proper and advisable for said Corpor-
alton. To elect the officers and en-
pIoyees and appoint all necessary
agents, attorneys, servants, en-
kind for said Corporation and
to fix and determine and
cause to be paid the compensa-
rendered, by the directors, officers,
wants and laborers of the Corpora
collect and receive payment for all
services rendered by the Corpora
ton for others and the purchase
price of all property of the Corpora
tlon sold and disposed of; to make,
establish, alter, amend, repeal or re-
scind all bylaws, rules, regulations
ard orders of the Corporation.
By resolution to appoint two or
! more, or other number to constitute
an executive committee, which com
mittee 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
OiutiOn i'm 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 Corporation to be affixed
to all papers or instruments requiring
the same
! The officers of this Corporation
shall be President, one or more
| Nce-Presddents, Secretary,
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.
ALL 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 it 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 OF directors hold any
two offices, not inconsistent or in
conflict one with the other.
All acts, elections, appointments
and orders of the board OF directors
shall he done and performed by affir-
| native vote of the majority of the
whole board, Amy 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
shall constitute a 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
ceed the sum Of Seven Hundred
Thousand ($70O,O00.00) Dollars.
ARTICLE VII.
The private property Of the stock
holders, officers and directors of this
Corporation is to be exempt from cor
porate debts and shall always be ex
empt from any and all liability fol
any obligations of the Corporation
whatsoever.
ARTICLE VIII.
1t is hereby expressly provided
that any and all of the property,
real, personal and mixed, Of the Cor
porat1on, 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 purpose
Al which meeting sixty (60) per cent
of the ISSUED and outstanding stock
sha Il be legally voted to authorize
Or ratify and approve such sale:
IL witness whereof we have here