The herald., 1919-03-27
CHARTERS

and may be increased 20 the sum OF SiOO.-
Oo0GO divided into 1000 shares OF the par
value OF $1,000 each, and this corporation IS
10 be going concern when one-haI Of the
capital stock has been issued and SubsCrl bed
for. Each share OF stock shall be entitled
to one vote 1T all general elections. Should
the capital stock Of this corporation ever be
increased over the sum OF S25pr0Vr. then
such addironal shares Of stock that may be
issued shall fiTSt De offered to the holders
Of stock at the time OF issuance OF said ue.n
stock IN the proportion in which the said
stockholders shall al the time OF Issuance
hold stock in tins corporation.
ARTICLE N.-N0 Stockholders shall ever
be held liable or responsible for the iudcbt-
edHesS, fu.,s defaults ii this corporation
nor snail any mere lntoTmIlty in The oTga-
n,zaton Of the corporation have the effect
Of rendering the charter null or OF exposing
tie stockholders 70 any liability beyond tie
unpaid balance. i any. on hrs stock sub
scrlp.I0n. Should any stockholder desire 20
sell his stock, he shall first offer the same
to the stockholders OF the company through
VINO desire 30 purchase shall have the RICH: -
purchase the same in The proportion TO their
holdings OF stock in the company. Should
said stockholders il fifteen days after notice
10 purchase the stock offered for sale such
stock may he sold 70 any one. No transfer
OF stock shall he made or held to be valid
and binding unless made on the books OF the
company, and unless made in pursuance OF
the provisions Of this charter.
ARTICLE NI.-This corporation shall have
all powers granted 70 such corporations by
law and shall have the power 10 contract.
10 own. hold, receive, loan, lease, purchase
sell and convey or mortgage any and all OF
its effects or II lyp0.AeCa'e its property and
20 do any and all acts and things Of any
other kind nature or description. as may be
necessary to carry ont the objects and pur-
poses Of said business as its interests and
ARTICLE Willie business ~ said cor.
pora,on s5al be directed by and vS esq - n
board Of directors OF three stockholders
Two Of whom shall constitute a quorum for
the transaction OF business. and the said d.
rectors as first constituted shall be 2. C.
Dogrr Alvin [. Carpenter and !. J. MulIgan
and two others TO be selected by the three
above named directors and they shall hold
office until the second Monday Of January
l.-1, and Oh hat day and from each and
every day thereafter elections shall he held
annually Tor directors ~ tie principal office
q the corporation. Ra;lure 70 hold an cleo
ti0n on the day specified shall NOT dissolve
the corporation, hut the directors in office
shall hold their respective offices until an
election shall be held after thirty days no
lice Of the time and place thereof given 10
SAcl S,ocNao.der. The annual election shall
be- held on tie second Monday in January
.8-O. and thereafter on the second Monday
N January n eae1 succeeding year, and the
Of 4. ~. and p m. All vacar-
c'es on the board q directors for whatever
cause shall be filed by the remaining d.
rett9rs. ?. {. Doerr shall be the frs:
president and manager. Alvin C. Carpenter
shall he the first v.ce-p~eSident and J. J.
Muihgan shall be. the first secretary
urer and they shall hold office until the sec.
ond Monday in January, 1920, and each sue
ceediug board or directors shall elect its
principal officers Tor the term Of their elec.
ton and only stockholders shall be eligible
for election as 4 member Of the board OF
directors.
ARTICLE NI11.-Whenever this corpora
ION IS dissolved, either by limitation or for
any other cause. its affairs shall be Hqu-
dated by the board Of directors. who are
hereby vested with full power to sell any or
all assets Of the co-Do-a+;a, e;+La- -.