Bisbee daily review., 1920-06-17
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Legal Notices

of which twelve thousand shall be Glass 1 A shares and entitled to dividends, and 1 eight thousand shall be Glass E. shares and entitled to no dividends. Class B Shares may be converted into Class A Shares if the agreement Of subscription thereto so provides, and on the terml therein set forth which the corporation will commence business is the sum of One Thousand Dollars (S1000), and the number of shares with which it will commence business Is ten shares.
 Shares of stock without par value shall be issued full paid and non-assessable for such consideration not less than One Dollar per share as may from time to time be fixed by the Board of Directors with the consent of two thirds of each class of the stockholders having voting power, given at a meeting called for that purpose.
 At all meetings of the stockholders of the corporation each stockhoider of either Class A or Class E shares shall be entitled to one vote, either in person or by proxy, for each share of stock held by him. At all elections of directors each stockholder of either Class A or Class E shares shall be entitled to as many votes as shall equal the number of shares of stock multiplied by the number Of di- rectors to be elected, and he may cast all of such votes for a single director or may distribute them among the number to be voted for or any two or more of them as he may see fit.
 FIFTH: The names and places of residence of each of the original sub scribers to the capital stock and the number of shares subscribed for by each are as follows:
 Name, H. A Black; residence, 274 St. Johns Place. Brooklyn, N. T.; number of shares Class B, s.
 Name, Alfred F. McCabe: residence, l9 Tompllins Place. Brooklyn, N. E.; num- of shares, Class B, l.:
 Name, John R. Turner; residence. Basiking Ridge, N. J.; number of shares , Class B. l.
 SIXTH: The corporation is to have perpetual existence
 SEVENTH: The private property of the stockholders shall not be subject to payment of corporate debts to any eX- | tent whatever.
 ! EIGHTH: The following provisions for the regulation of the business and the conduct of the affairs of the corporation are hereby adopted:
 CD The number of d9ectorS snail be 1 fixed from time to time by the bylaws In case of any vacancy in the Board of Directors through death or resignation or 1 otherwise, the Board of Directors may { elect 9 successor to hold office for the 1 uncXpired portion of the term of the di rector whose office shall be vacant and until the election of a successor. The bylaws may prescribe the number 1 Of directors necessary to constitute a quorum. which number may be less than the majority of the whole number of di- ! TectorS.
 ! In case of any increase in the Board Of Directors, additional directors may be elected as provided by the bylaws at any meeting of the stockholders entitled : to vote.
 CD As authorized by the Act of the | Legislature of the State of New Jersey, i passed March 22. 1901, amending the ! seventeenth section of the Act Concern 1 ing Corporations (ReViSicn of 1&96), any | ac rrbi bn nf he i holders of two-thirds (2-3) of the stock 1 at any meeting, after notice to them giV- | en or requiring their consent in writing ! to be filed may be taken upon the con : by the holders of two-thirds (2-3) of the stock represented at such meeting, 1 in person or by proxy.
 (3) The Board of Directors, by the 1! affirmative vote of . majority of the ! whole Board, may appoint from the di- rectors an Executive Committee; of | which a majority shall constitute d quo rum; and to such extent as shall be provided in the bylaws. such committed may exercise all the powers of the Board including the power to cause the seal of the company to be affixed to any papers
 executed by it.
 CD The Board of Directors may ap- point one or more BNice- Presidents, one or more Assistant Treasurers, and one or more Assistant Secretaries: and to the
 extent provided in the bylaws. the per
 sons so appointed, respectively, shall
 have, and may exercise, all the powers
 of the President, Treasurer, and Secre- 1 tarY respectively.
 (5) In furtherance and not in limita-
 ton of the powers conferred by statute,
 the Board Of Directors is expressly au-
 thorized to make and alter the bylaws
 Of the corporation, and to hold it's meet
 inSs either within or without the State ! of New Jersey, as il may from time to
 time determine.
 IN WITNESS WHEREOF. we have
 nereunto set our hands and seals this 18th day of May. 1920.
 H. A. BLACK, (SeaD ALFRED F. McCABE (SeaD