The herald., 1916-03-09

I
then one appraiser shall he appointed by the
holder and one by the remaining stockholders
to tx price for the said stock. at which
the transfer shall be made, provided that,
II these Two appraisers disagree upon the
! valuation Of the stock, they shall agree upon
! and appoint a third appraiser who shall act
| with them, ard the decision of such third
! appraiser or Of any Two Of the appraisers.
/ shall he uual: provided further, that. Ii
! such first two appraisers Iarl or decline 10
| appoint a third appraiser, VINO acts with
| them. or any OF the parties m interest ta,l
| or decline 10 appoint an appraiser, who acts.
| or disagree among rhcmsclvc, us to tho Sc
! lection, any party m interest may apply -
/ rhr court IN which the estate 81 the deceased
| stakeholder i, being administered or could
! legally hy administered. OF to any court hay-
| my jurisdiction If the party. or parties. de-
/ PENDANT. to appoint au appraiser, or apIra--
cr-. representing the PARTIES IN interest I'D the
| manner h.r,ir.l.yc Indicated and the. de-
| .r,..u ~ the appraiser, or appraisers appoint
Cd ,u accordance with the provision, of Nh
! paragraph. and rendered on accordance there
/ with. -Eal, De- binding upon al parties.
Arr,lD Y. ne corporate powers ut 'h.-
.nrrHra'.H" shall hc vested p. ard exercised
| by. h.arI oi directors. consisting of thrc,
! Stockholders. and Two members 1t the board
shall constitute quorum i.r the trt'i-.Ct.1u
! p. business
The FIRST board OF directors shall Ice COM
| posed If Ernest ". Ntchc~, Louis \ Mpray
and Marshall \. R'mau, whose p'~'o-tI,r
.
~ureuyr names .u their Subscription 10 the
capital stock of .Hr~ corporation. Ernest ".
\a,u,r shall bc the president of the ,prun.
ration. Louis 4 NnrpHv the vlcc-rrc dent.
and MARSHALL \ Roman the secretary and
treasurer, al uI Nar~ shall serve until the
first annual election of officers. a. hereinafter
sci forth, cor until their ~u,,c~~ur~ ave elected
nj quality.
The rr-t annual meeting for the election
81 officers % On, corporations who shall Pee
| 3D. pres dent. y.yc-prc-ldru, and secretary and
treasured which last Office, shall be combined
rr .rr person. shall Dee held uu 'G- first
Iur-Ilg Iu March. i.i-. 4ul un fhr first
Tuesday iu March ut each y,4r thereafter.
unless -u.h iaN should rc g. holiday. u~ half
lulrd.s. when the r-.,,rry shall Dee held On
the n.>f succeeding day. Not d holiday rr
halls holiday Al such elections shall be- los
ballot. and held a.drr The supervision 81 Two
cHwu-- -Itu,r~. 80 rr appointed rE the board
u' directors. IH- aN elections # directors uy
the Stockholders .4f least nf'rru DAYS notice
shall 'c given 90 each ~,pohho'dcr by written
.a'irc served personally ru the stakeholder
~ mailed rp him ~ hr> last known place of
residence. a~ shown 10y the book, ut the COT
parartou. Egch stakeholder. of record a-
such on ;ac books cot IN, corporation, shall
be- entitled 70 cas-, one vote for each ~harr
1T stock held 10y him m an case, ~ which
Stockholders may vote and such vote may
Dee cast ~ person or by proxy IN writing.
which Shall be lied with the secretary.
Immediately upon their election, the board
IT directors shall elect from their number
the officers IF the cerporatlou \ failure.
however. TO hold an election of any ,haIag-
ter, called for by TINS charter, shall NOT M
validate TIN, charter OF affect the existence
OF IN, corporation. but the person, I'm otncc
shall remain until election Is held and
director, shall have authority at any time
20 appoint an l>tant->eyrcttry. who shall
clothed functions