The herald., 1916-03-30

then one appraiser snail De appointed by the
legal representatives Of the deceased stock.
holder and one by the remaining stockholders
70 hN proe Tor the SAID stock, at which
me transfer shall De made, provided that
II hese Two appraisers disagree upon the
NaIuation OF the STOCK, they snail agree upon
| ana appoint a thlrd appraiser, who shall act
| with ihem and the decision of such third
| appraiser or OF any Two 81 the appraisers,
| >hai ne hnaI; provided further, that, II
| such NTst two APPRAISERS iaII or decline 90
! APPOINT iAlra appIaINeI' VINO acts with
| t"tin' o" any OF the parties IN interest tIll
| or decline 10 appoint an appraiser, who acts,
| or disagree among themselves as 20 the Sc
| lection any Party IN interest may apply 70
! ne court m when the estate Of the deceased
| >lJD hhpideE Is pclHE administered, or t1vld
! legally be administered. )r 10 any court hay
! lnE jurisdiction oi the party. OF PARTIES de-
! PENDANT 10 appoint an dpITa'scr, OF arpral--
t'N' representing the PARTIES IN interest IN the
! manner hrreiuabayc Indicated, and the de-
/ custom ~ the apPra'~r~, ~ apprals,-, appoint
! ed IA ase"r.In,c with the provisions to. THIS
| Pafag' alA. and rendered i1 accordance there
"i."' >aa'. De- o'Hd'0S ar"r all parties.
| Nfh,.r y me corporate powers OF tbs
s.Ti|'ai''n shall "c vested IA and exercised
| 80 . board Il directors, consisting % three
! Stockholders, ard ,~n members Of the board
| -la.! constitute a quorum Tor thc Transaction
! 81 business.
Ing hr,l board Of directors shai! be COM
posed II Ernest W. N4,aer, Louis \. N'-PHy
ana Marshal. \. H'"Aa, whose postOt'.ce
addresses are tao0' set opposite their re-
! sap la' N.',k "a inlN I'fpufa'lu1. IrUr-t ".
WAGNER shall 'c the president oi the Co-po-
'"'.',. LINi> y M'fphE the Elte-prt>ldcuf.
ana M'iel.tl 4 h'Man Inc secretary and
| treasurer al! Cd! whom snail serve until the
! A'>l annual eit''l'n . Officers. q, hereinafter
| Sc i'iH or unu! their successors are elected
ann 4AttiiN.
4hr tf>i annual meeting Tor the election
| 'I "H'rTN OF the c'Tp'ra'tnn. who shall be
" I''@.4'h.' wee president ana secretary and
| treasurer winch last 'fIgc snail DE combined
III one person. sua4i ne Hell or the nTst
! i'-day !n March, III, aud on che trst
| A-NaAy ~ March a. each Year thereafter,
.H.'r> 'AyI day should "t a holiday, or halt
| holiday, when The meeting shall be held on
| INC nest succeeding day. NOT d holiday or
Hh.i holiday. Nj such election, shall he hy
/ ballot and ncId under 'he supervision Of two
! -gmmIN-.'ncIs, 10 be- appointed hy the board
| % director. FOR al elections ot directors by
nan ne gwen {" eAsA 'i'gH""lde5 ay winter
| notice served personally "1 the s'',Sh'Idet
or mailed 'o hlm at his Jas, known place of
residence, A. Show" hF the book, "t The cor
| P"' tii'n. Ea.H N'ptNh..trr. "t record -
,"1A On '4r h3"N. 81 'lr corporation, snail
ne cn'li.Cd 20 cast one vote for each share
~ >'.'s "r.R ny Ai'h I'D az cases In "".,H
Ni"ehaoIicr' may vote. and such vote may
| 'e la'' im person or 10y proxy la writing,
when shall be hcd with the secretary.
.I"Hed'~.r.E Ut." iHrlT election, the board
~ directors -aA.. eject from Their number
.He officers ~ The corporation. \ failure,
lyN'NrT' % h'.a an election OF any Saaiar-
validate 'A'S lHa'tcT "T AFFECT the existence
~ me '''P''at'i' 9'' ihG persons IN Office
>ha" - remain until an election Is held and
directors shall have authority az any rme
10 'Pr3,ni an ",,'>,agl. secretary M,A' shall