The herald., 1919-04-03
CHARTER.

corporation nor impair its corporate exist
| ence or management, but the directors then
| in office shall remain in office until their
successors are elected and qualified
! The Board OF Directors shall elect Presi
| dent and one or more Vlce-Presidents, and
/ a Secretary Treasurer. The President and
Vice Presidents shall be stockholders and
! Directors OF the Corporation, but the Secre-
! tary-Ireasurer may or may not be a d.
| rector stakeholder, at the discretion OF
the Board OF Directors. The number Of DI-
rectors shall be determined by the stock
! holder at each annual meeting, and the NUN
| Der Of Vice Presidents shall be determined
each year by the Board of Directors.
Inc Board OF Directors snail nave power
/ and authority to appoint such agents, man
ayers, officers and other employees ncces-
| sdry IN tner Judgment 10 conduct the busI-
ness OF the Corporation, and to give such
agents, managers, officers and other en-
| ployees as much authority as they may
| deem necessary for the purposes and bust
| ness OF the Corporation. Inc Board slalI
! have the power ~ fix the cOmpensduJus and
| define the duties OF every officer and en-
ployee and all agents, managers, Offices
and other employees shall hold office and
| employment al the pleasure OF said Board.
The Board may make and establish as
well as alter and amend, any and all by
laws, rules and regulations necessary and
proper IN us Judgment tor the conduct, sup
port and management OF the business and
affairs Of said corporation. At all meetings
nv. Tho ~, >, -, - 80,
IN his place and stead, the person 50 appoint
ed need not be a Director but must be :
stakeholder.
The Board shall have full power and au
sd - I .i,otiey, eHesIle iDl gay
atba- 'biio,t;ats ~ Do-!us' .'o,eS an,
H,, r,,,r,,yat7sS -. 90 .,r,,; - @
ii - VI al ~. 'so l-u ~,
convsn;ent ana yaca .s f r. @
rI;rl- io' ING ptGpe. va
SAID cSrporafion, The first board NJ d.
rectors shall be composed OF Walter b. Gil
hcau. Buckuer Cbiniev. and lynn II Din
: kins, whose present addresses are set oppo
site their respective names to the subscrIp
ton TO the capital stock of this corporation
The Board OF Directors shall at It's fir,
meeting elect the officers Of this CORPORA
tion. in accord with the terms Of tbi, Char
ter.
ARTICLE VL-Whenever this corporation
shall be dissolved either by Limitation 0
from any other cause, lis affairs shall b.
luuidated by three commissioners to he an
pointed iron amongst the Stockholders a
general meeting of the stockbolders con
vened for such purpose; two-thirds in amour
OF the capital stock of said corporation reu
resented at said meeting shall be requisit
, in office until the affairs Of said corpora,io
: shall have been fully Hquidated. In cas-
| Of the death OF one or more NJ the comm.
sloners, the vacancy or vacancies shall b
! nlled Oy election by the surviving com
mssionerS. Said commissioners shall hav
all powers conferred upon them by law o.
/, by the stockholders at such meeting, if n
. inconsistent with law.
/ ARTICLE VII.-This act of incorparatio
b. may be changed, modified or amended o
- the capital stock Of the corporation may b
5 increased or decreased, or said corporatio
t may be dissolved in the manner provide
{ oS -a"'
= AK II LIE Nlll.-No stakeholder shall eve
u be hello liable or responsible for the COT
: tracts, faults. or debts Of said corpora;io
r | IN any further sum than the unpaid balanC
d due the corporation on the shares Of stoc
e owned by him, nor shall mere informalit
= IN organization have the effect OF renderir
) this charter null or of exposing a Stockholt
e er TO any liability beyond the unpaid amour
u II any remaining, due on his stock.
/ ARTICLE IX.-In order that the chart,
l. may serve as the original subscription Ii
S OF this corporation, the subscribers here