The herald., 1918-05-02

! business OF this corporation. and gem
| orally to do and perform any and all
| things necessary on convenient to carry
! on said objects and purposes.
ARTICLE ".
! The capital stock Of this corporation
| is hereby fixed al the sum Of nifty thou
sand 'S50,o00.o0 dollars divided into
| 1--WE hundred t5gO) shares of the par
value ~ one hundred I$lOO. 0O) dollars
each. provided. that the amount 10
which the capital stock Of this corpora
I non may De Increased shall be one
! hundred and fifty thousand dollars.
Two hundred and fifty shares. or
twenty-five thousand dollars Of the
capital stock of this corporation must
"" subscribed before the filing of the
articles OF Incorporation. The sub
~crlhed capital stock of this corporation
shall be payable ia cash, property Creal
or PERSONAL. or for labor and services
rendered and performed
No stakeholder shall ever be held liza
bl" or responsible for the faults con-
tracts or debts Of this CORPORATION in
any further sum than the unpaid bal
dnce due the corporation on the shares
ui stock subscribed hy him, nor shall
any mere infoTmality in ORGANIZATION
nave the effect of rendering this char
ter null, or of exposing any SharchOld-
er to any liability whatsoever.
This corporation shall not engage in
business until two hundred and fifty
'-'V) shares, or twenty-five thousand
lS-5,000.00) dollars Of the capital stock
have been issued and paid in in cash.
II. in addition. any stock Of this cor
poration Is exchanged, either in whole
OF IN part, Tor property or goodwill, in
that event the provisions Of Section 3
OF Act 20, OF 1914, shall be complied
with strictly.
ARTICLE Y.
,,,,,t5 'I,' w., - l"" yIG "I llIN cor
riy'I t - DC w. IN anu 'ArI-
r"n,nos,d If ~. VI ,srrG,HIs TO ne
80 % ,"lI' Nl"' Niioiu'fN' tach
.II,rt, d.; 9','l. ""h III ms own rINhl'
mn ,,,tj ''' 81 ",lT'' M !v,'Sl one
shall cnn.titfIf. , ',,,,,r,,, 60 ,,! M NJ w H"u'
..t-,,r ,f J-,'5 80 III ig' nc ,,'Ils
a. IL. tx 20 ..N.u,N~ provided the Board
49,. -, - 80 G,ltnE authorized 70
~ Gir,.'r ',' '''t,t "'7.I ZION, 'nc huinDer
80. f,,I. 80, ~ -. ~ lu NI''ch
~ ~ ~, ..'H'i ,'.lr 'llulr quorum. -
,.,,,,.ft ~, W i4lS corporation .SHalL
S,,.r,tarZ ana .Tra .a,Iy 'oT yi L"SiItnI,
.I,,II IT,, 81" 4l'"S"!,I' an OF Mhom
rnrtn, III vi ne hoaIu OF III
Treasurer may be combined in one and
M SAM 'rIEDl.
-! ne ipiloN 'uE named persons snail
100 INC "EsI hoatu OF directors,
~ ~ ~, IT. r,, 800
Avenue - ''-' - Nn"rieS
T. ST., .,t,,..l.,. 100,
Str.., ''i''" '''''"'d"' 1904 ROBERT
TrIf. T. H. 900
Aynri,o - mans ''lS ~ Ohailes
III
I.,,, So ''H - nc 10y VI New Ut
.tat.h ,,,i,L ~ Iii1uLS'i,la, as ABOVE
pr.si,i.,t - ~, i'm ' IN h;gSrhncrE as
pr.-i,i-,'t' IN 49, 'I.e'udu a. ICE
Socrat.,.,.' ,,, 80 - rams as
~, - % - "a e. anu theSt dlrecJ-
tLe Sng',J T,,,i ~" "Utu IIiIIe uhlu
nr,fI tL ~" i"'SHas Ol MaICI,. l9io' or
- ~ "N''NSoIS are uulg erected
~ ~, Irli,s''u' a.,
alectod anr,,oII ,ne 1ileClorS SnaH DE
~ NTorb 90 - 't 'i,e sTTOIu iueSddE
az -IalSn 81 J1cH year; an tIectlOns OF
u tIiii, Stalt ne 10y balloI' ana each
vote for each share Of SOL. st 20 Tne
in his nar,e on r. S lS S,tanulns
poration; this vote 70 be cast in nm narsnn
or by written proxy. and il shall re-
Iulre tWo-thirds OF the stock present
or represented TO elect
Failure to hold an election for direct
1919, or annually thereafter, shall not
work a forfeiture of this charter, but
the old Board of Directors shall remain
IN IN oniGe until their successors are duly
erected ana quallned.
AprTCr VI
MI, DEh l.
ne BOARD or directors shall hold
ItEGldr meetings. AT such times as shall
ne nNed IN the bylaws of this corpora
Ion. IheSe meetings shall be held at
me me dGmlcHe OF the corporation, but the
lreSlueht may can special meetings of
the Bodrd or Directors at such times as
ne may deem advisable. and he shall be
required TO call such special meeting
Board OF Directors. Three days writ
zen notice or such special meetings
shall De given 10 the directors, unless
waiver OF such notice is signed by the
directors. Any vacancy occurring in
the BOARD or Directors, either from
ueath resignation or inability to serve,
ShaIl be hlled by the remaining Board
OF directors at its next regular meet
ing after such vacancy shall have oc-
CURED. The nrst Board of Directors of
Ihls corporation shall be required to
uraIt suitable bylaws for the govern
neht OF TINS corporation, which may be
altered, amended or changed as the eX-
igencies of the case may require
ARTICLE VII
The stock of this cornoration may bs
transferred provided such transfer
shall be recorded on the books Of this
corporation before il shall be reouired
to recognize the transfer of the new
holder of said stock The total ouount
of the Subscribed stock as Sarein sat
forth, is the sum of tYentv-seven thou
sand (S27, 100000 dollars. or two hun
dred and seventy (27O) shares which
are hereby authorized 70 ne issued fuII,,
paid for and non -assessible. for cash
In the event that any stockholder de-
sires to sell his stock. or any nart
thereof. he shall first offer same to the
remaining stockholders, in proportion
to their respective holdings at its hook
value. This offer is to be made to an
pear by letter addressed to each stock
holder at his last known address. Civ
ing thirty days option At the eynira-
tion Of which time the said stoc[h5Ider
desiring to dispose Of his stock, shall
and to whom he shall please p'''e
ARTICLE VIII
rms charter may be modified or al
tered. the capital stock thereof in