The Parker post., 1917-03-03

employees and labOrerS of every kind
for said corporation, and to fix and
determine and cause to be paid the
compensation for services rendered,
or to be rendered by the directors, Of
flvers, appOintees, attorneys, agents,
| servants and labOrers of the corpora
ton; and to fix and determine, de-
mand, collect and receive payment
for all services rendered by the cor
| pOratiOn for others; and with the
consent of the stockholders repre-
senting twO-thirds Of the issued capi-
! tai stock, to make, establish, alter,
amend, repeal or rescind all bylaws
By resolution to appoint two or
more of their 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 dele
| gated to 1t by said Board and resO-
luton in the management of the
business and property of the cor
poration, 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
Vice-Presidents, a Secretary, a Treas
urer, and such other officers and as
sistants as the Board of Directors
may from time to time determine,
direct and elect or appoint All of
said officers shall be elected or ap-
! pointed by the Board of Directors 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 soon
er removed by the Board of Direc-
tors, which the said Board Is hereby
expressly authorized and empowered
to do for any reason it may deem suf-
tclent, all such elections, appoint
ments, and removals to be conducted
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 con-
| f1lct one with the other The Presi-
dent and Vice-President must be di-
rectors. The Secretary. Treasurer
and such other officers as may be
created by the Board of Directors
need not be directors of the corpora
tiOn or stockholders thereof.
All acts, elections, appointments
and orders of the Board of Directors
shall be done and performed by af-
firmative vote of the majority of the
whole Board Any meeting of said
Board, with or without notice, at
which all directors are present. shall
Of the members of said Board shall
constitute quorum for the transac-
tion of business at all meetings of
the Board. Until other officers shall
be elected, John E. Coffin, Truman
Berry, of Whittier, California, H. A.
Culloden, C. A. Musselwhite, C. M.
Moses, F. B. Pugh, r. c. Tryon,
Charles Bowman, w. A Moses, of the
City of Los Angeles, California, shall
constitute the Board of Directors.
ARTICLE VI.
The highest amount of Indebted
ness or liability, direct or contin-
gent, to which this corporation is
at any time to subject itself, shall
not exceed the sum of One Million
($1,O0O, O,OO0.OO) Dollars.
ARTICLE VII.
The private property of the stock
holders, officers and directors of this
corporation shall be exempt from
corporate debts, and shall ALWAYS
be exempt from any and all liability
for any obligations of the corpora
tiOn whatsoever
ARTICLE VIII.
1t is hereby expressly provided
that any and all of the property, real,
personal and mixed, of the corpora
t1on, may be sold and disposed of by
the directors of the corporation at
any time when authorized and direct
ed by resolution of the stockhold-
ers at any regular meeting of stock
holders or at any special meeting of
the stockholders legally called and
conducted for that purpose. at which
meeting twO-thirds of the ISSUED and
outstanding stock shall be legally
voted, to authorize or ratify and ap-
prove such sale
IN WITNESS WHEREOF, We
have hereunto set our hands and
seals this sixth day of January, 1917.
JOHN E. COFFIN fSEAL)
MILTON SUTHERLAND (SEAL)
H. A. CULLODEN (SEAL)
State of California, County of Los
Angeles-ss.
This instrument was acknowledge |
ed before me this sixth day of Janu-
arl, 1917, by John E. Coffin and H
A. Culloden
MINNA MCCARTNEY,
Notary Public in and for the Coun-
ty of Los Angeles, State of Cali |
fOrnia
My commission expires Dec. 5, 1918. |
(Notarial Seal.)
State of Arizona, County of Yuma, IS.
Before me, W. W. Dunbar, a No
tary Public in and for the County
of Yuma, State of Arizona, on this |
day personally appeared M. j. Suth-
erland, known to be to be the per-
son whose name Is subscribed to the |
foregoing instrument, and acknowl-
edged to me that he executed the
same for the purpose and considera-
tion therein expressed.
Given under by hand and seal of |