The herald., 1916-04-27

.L.v d.. r,ysN'e in cash property, real or
personal, or for services performed or ZEN
4s-aI
\, s..-Ln5IIr- shall ever be held liable
~ -e.....r-r.,lr f1- the faults. contracts or
I.'., ~ f-., corporation lu any further sum
rr.g -lr unpaid balance due the C9Tpprah2h
..- -r. shares IF stock subscribed tor by
a..r. -.- shall any mere luf.rwaIlty IN me
.-...-..l.-,. n have .hc effect Of rendering ms
charter null ur of exposing any shareholder
ru .-v liability wRat,1cve-. ..
,..- ..rpDratrrr shall NOT engage ~ bf-l-
moss ..-..,. ten thousand lSl0ppg" dollars 81
r.. capital stock shall have been issued ana
.....l.s paid So, either lu cash, property o.
services rs at.rr-a.l j any "i the StoeN
.r -...- ...-a.-ar..u l- exchanged, lu whole or
.. r..rt :.- trsrr-.. u- good VIII. IN lhat
.s,-.. rnr provisions Il Section three Is, 81
A., gr- u al+ shall he strictly S';Hr"eH
.l.tE
k-r,-r N-AI the corporate powers OF ih>
..r.u-rfr.~ shall Dee vested Iu and eNrr'i'rA
r.. "a ...rF Il directors composed ~ TOUR co.
....l- .r.t--. each .t whom >Aa.. oMH' j.
.- .Na r-rt. during hi- term - once a.
least .rr tlll-IH.d and u"rrig,d snare OF
..- capita. a, Winch shall Dee shown, ny
his written declaration. tNn ~ u vi M NiA'!
......'. quorum for the TRANSACTION Oh
business
I.. officers Hf tins corporation shall con-
-.-r .. 81 president, y3.c-r.,-. lent. SECRETARY
and treasurer al .i whom shall. be members
. -., .u4-i .. directors The 0'g.@ 81 sc.
-r..-y audi treasurer may Dee hril' 81 &c
]
The following named persons snail constr
..,.,. ..r board # director, nt tins CORPORA
.,.r. ...att- Charlie, i. iiarirc, Edmund IL.
Ia-.aIt Edward X. ',ree"la", ana vi
Ian. y.-,rsua with Charles !. llaraic as
president. ElA-ri K. irrrn.Iw as wee
..-,>. l,.r and Edmond II. FarghIIt as secre,
..-v aud treasurer. and thr," directors ana
.r..a.- shall serve until rl, second Monday
.~ Mach. l.l-. u- until their successors have
.,.n duly elected aud qGallrcd.
Thereafter the directors shall be elected
annual, ON the second Monday IN Mlrgh oi
each year, beginning WITH me year i,H' d.
election ~ directors shall DE by ballot and
each stakeholder sht. he entitled TO one Npie
for each shane of stock standing IN ms name
IN t'e books pi the corporation, ms Eo.e
Q, i. east 90 person or hv proxy. ana u
shall REQUIRE a majority Of the stock present
r- -apr,,ru'ci 20 elect
Failure t. elect board Of directors on
'ug SECOND Monday ~ March. W. or di!i'u.
.E|. thereafter. shall not work forfeiture
II rnr, charter. but the old board OF drreC-
.rrr- shall remain I'm office until their success
soy, are elected and qualified.
Article Nl-Ihc board OF directors shd!i
hold regular meetings at such times as ShAI
lr fixed iu the bylaws OF this corporation.
These meetings shall be held II the DON'T
Gle uf the corporation, but the president may
call special meetings OF the board OF dlTcG-
TOR, al such ting, as he may deem advisable,
and he shall be required 10 call such spe-
gial meetings, whenever requested to do so
bv three menbr, Of IN, board OF directors
Three days notice Of such special meetings
Shall be given in writing 10 the directors
unless waiver Of notice IS signed by the d.,
rcctors Any vacancy occurring on the board
either from death, resignation, or inability
To serve shall be filled by the board OF di-
rcrrnrs, at ITS next regular meeting after
such vacancy shall have occurred. The hrst
board Of directors Of this corporation shall be
required to draft suitable bylaws Tor the
government OF this corporation, which may
5e altered. amended or changed as the ext
gcrcicS Of the case may require.
Article NII.-The stock OF this corporation
may he transferred. provided such transfer
shall be recorded upon the books OF the cor
pnration before it shall be required to recog.
rizr the transfer or the new holder OF SAID
stock. The total amount of the subscribed
stock as herein set forth, i the sum OF
twenty thousand CS2O.OOOOO) dollars, which is
hereby authorized to be issued fully paid
and non-asSessable. for cash. or in exchange
for property or services, according to law
That save as hereinafter provided, no share
or interest in the company shall at any time
he transferred TO any person not already a
shareholder, so long as any shareholder is
IL, sv,4p est