Lincoln County times. (Jerome, Idaho) 1911-1919, 1918-07-18

as located, and the method of voting and
representation shall be the same as at
general meetings of the stockholders and
the instructions of such local meetings
shall be binding upon the local directors.
Sec. 7. Quorum: At any meeting of
the stockholders a quorum shall consist
of 20 per cent of shares of the capital
stock represented by stockholders voting
in person or by proxy, but stockholders
representing less than a quorum of the
subscribed capital stock may adjourn
meeting to future day. Such adjourn
ment and the reasons therefor shall be
recorded in the journal of the proceed
ings of the board of directors.
Sec 8. Voting: At all meetings of
the stockholders the right of any stock
holder to vote or act therein shall be
governed and determined by the transfer
records. Only such persons shall be en-
titled to vote and act therein in person
or by proxy who appears as bona fide
stockholders having stock in their own
names on the stock books of the corpor
alton. at least three days prior to the
meeting.
Sec. o. Stockholders may give proxies
to vote at any meeting All proxies
shall he in writing, stating the name of
the persons giving the proxy; the name
of the proxy, and the number ofavotes
nj Sbon ha Glad NTH fha
and by him entered of record in the min
utes of the meeting. Provided, however.
that no officer, director or employee of
the corporation shall have the right to
cast, by proxy or otherwise, any votes
except those representing stock actually
owned by himself; and provided further
THAT no person shall be permitted to
vote by proxy the shares of stock of
more than one stockholder.)
Sec. TO- Votes necessary to determine:
At all meetings of the stockholders all
questions, excepting the amendment of
these bylaws and all such other ques
tions. the decision of which is specially
regulated by statute, shall be determined
|'hy a majority vote of the stockholders
present in person or by proxy. and in
case of tie vote, the presiding officer
of the meeting shall cast the deciding
vote.
Sec. IL. Votes entitled to: Each
stakeholder shall be entitled to as many
votes, either in person or by proxy, as
he may own shares of stock.
Sec r. All voting shall be viva voca
except that vote for election of directors
and any other matter required by law
to he voted on by ballot, shall be by
ballot; provided that upon demand of
any stakeholder the vote upon any ques
tion before the meeting shall be by bal
lot or by ayes and nays.
Sec. Is. Necessary for choice At all
elections of directors the vote of stock
holders representing a majority of the
subscribed stock is necessary to choice
Each stakeholder shall have the right to
vote in person or by proxy for the num-
Der of shares of stock owned by him for
IS many persons as there are directors
TO be elected.
sSec. IA. At all meetings for election
of directors, three inspectors of election
shall be appointed by the stockholders
present, and all questions touching the
qualifications of voters, the validity of
proxies and the acceptance or rejection
Of votes shall be decided by said inspec-
tors and the polls shall be opened and
, closed by them.
Sec. Is. Organization: The president,
and in his absence, the ce-president,
and secretary of the corporation shall
act in their official capacity at all stock
holders meetings.
Sec. l6. Qualifications of stockholders
No person shall be eligible to own stock
in this corporation who is not the owner
of shares of stock in the North Side
Canal Co., Ltd, and the owner of land
under said system, and any person, firm
or corporation which has, or may here
after acquire stock in said Canal com
pany shall be entitled to purchase and
control as many shares of stock in this
corporation as he or it owns shares of
stock in the said Canal company
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ARTICLE III.
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