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

for such regular meetings of the board
Sec 5. Special meetings; Special
meetings of the board of directors may
be called at any time by the president
and in his absence by the secretary on
application in writing of three Of The di-
rectors.
Sec. 6. Notice of special meetings;
Notice of each special meeting stating
the time and place of holding the same,
shall be mailed by the secretary to each
director at least five days before each
meeting, but such notice may be waived
by any director. Unless otherwise indi-
Gated in the notice thereof, any and all
business may be transacted at special
meeting At any meeting at which
every director shall be present, even
though without notice, any business may
be transacted.
Sec 7. Quorum: A quorum for the
transaction of business shall consist OF
five of the directors, who shall have the
powers of full board, and smaller
number may adjourn to subsequent
time.
Sec. 8. Voting; All voting shall be
viva voce except in any matter required
by law or these bylaws to be by ballot.
Upon the request of any director, the
ayes and nays shall he taken on any
proposition and record made thereof.
Sec g. The directors at the meeting
Immediately after the adjournment of
the annual meeting of the stockholders
shall elect such officers of the corpora
ton for the ensuing year as are here
matter provided for by these bylaws.
Sec. 10. Officers and employees; The
directors may at any meeting employ or
appoint such other officers agents and
employees of the corporation as they
deem expedient.
Sec. IL. Removals. Officers, agents
and employees of the corporation shall be
subject to removal at any time by the
board of directors.
Sec. r. Salaries of officers: The sal
aries of all officers, agents and employees
shall be fixed by the board of directors
and may be changed from time to time
as the said board may determine.
Sec. l3. Other powers; The board of
directors shall exercise such other pow
ers generally as pertain to board of di-
restors of corporations and shall adopt
such rules and regulations for the con.
duct of their meetings and the manage
ment of the affairs of this corporation
as they may deem proper for the carry
ing out of the purpose of this corpora
ton, not inconsistent with the laws of
the State of Idaho and these bylaws
Sec. Ii. Duties: 1t shall be the duty
of the board of directors to perform all
duties enjoined upon them by law and
by the bylaws of the corporation, and
o supervise all officers, agents and EN-
ployes, and see that their duties are
properly performed
Sec. 10. Reports: AT each annual
meeting of the stockholders, the directors
shall present general statement of the
business of the preceding year a report
Of the financial condition of the corpor-
alton and report OF the conditions of
the property of the corporation
Sec. Is. Removal of directors No
director can be removed from office un.
less by vote of the stockholders hold
ing two-thirds of the capital stock rep
resented at the general meeting held
after previous notice Of time and place
and OF the intention to propose such re-
moval. Meetings of stockholders for this
purpose may be called by the president
or by majority of the directors. or by
stockholders holding at least 25 per cent
Of the capital stock. Such cali must be
in writing and addressed to the score.
tary, who must thereupon give notice of
the time, place and object of the meet
ing. and by whose order it is called. If
the secretary refuses to give the notice.
the call may be addressed directly to-
the stockholders, and be served as a no.
tice, in which case it must specify the
lime and place. Notice of such meet
ing must be given in the manner pro.
'ided in Article 2, Section 3 of these
bylaws.
Sec IL. Presiding officer: At all
meetings Of the board of directors the
president, or in his absence, the vice.
president, or in his absence chairman
chosen by the directors present shall
preside