The herald., 1920-01-22
CHARTER.

mo stock shall be sold or disposed OF
by any stakeholder until the same shaii
he first offered the corporation, whicn
shall have the right to purchase same al
its then book value, and the transfer OF
stock shall not be made on the company
books until the same shall nave Deeh 80
offered to the corporation. Inc corpora
ton shall have not less than twenty days
TO purchase such stock offered to 1t: An
transfers shall be made on the DOCKS OF
the corporation by the stakeholder or his
duly authorized attorney in fact.
ARTICLE IV.-All the corporate pow
ers of this corporation shall be vested in
and exercised by a Board of Directors,
consisting of nine stockholders, nVe OF
whom shall constitute quorum TOT the
transaction of all business. No stockhOld-
er of this corporation shall be eligible as
a member of the Board of Directors un.
less he owns, in his own name, 'at least
forty shares of the capital stock.
said Board of Directors shall make all
bylaws rules and regulations for the
government of the affairs of this corpora
ton, and shall alter. change and amend
the same at pleasure. They shall NIL,
from the stockholders, all vacancies that
may occur in said Board from any cause.
They shall appoint a General Manager
who shall, under the general supervision
of said Board and the President, execute
all contracts, employ and discharge all
agents and employees, fix all salaries. ex-
cept those of the officers, and generally
perform and do all things necessary in
| the transaction of the corporations bust
ness and shall exercise such other powers
and authority as the Board of Directors
may confer upon him.
Ihe nrst Board OF directors OF TINS
| corporation and the first officers shall be
| Joseph Dirmann, ST., WOlfgang, W. Ortiz,
1, auI Easueus, ouuae Le1ina, ' 1i',,,Iar
I Iiia ,i es IaSSt; $3.50 nj
| the said Valentine thinner as president.
! Henry thinner as first vice president,
| yoseph NAM o. 1s SCUM Sp,
gent, anu pellhls y; hayes as oecrelary
| treasurer, who snail hold their office I'M
III TILL the m, ninth Gay o. september, IVY, or
uni ME sueeosos .sse Deen eiec'eu
anu quaiineI 'ooo anu On tne hintn eay Q,
AZ ,hnuan,, snS IL t u.o Ies%i
10 u SUI ua'e 10 u.eo uon,
anu annu az ensreaIler an elecloh TOT
be held at the office of tba comnanv mni
S Se n tho au .ne oiae VI tue company, UNI
"a nI S,,S ~ ho vi wv eoni sIoheL
dnu. ue appoinseu w the fIesi-
o,ant.a anu sha, INC no sh Vi Direc.ors mus
! ond shom hnIt - ,,., 90 cas- rs ieuiheeIy
anu shaiI hoiu same until tneir successors
are e!ecteo ana qualned. Each Board OF
! thair un,,sn IN nssiy Appoint, from
t;nn nsan,Ss 81 i ~ VI ene eorpora,
anv - y,s suo. INT Tue present BOARD o.
as VI rs suecessUrs may eiViue the OF
- VI SeeIelary- treasurer into TWO OF
no.son anu may seiect Ior eitner office
ny a s.ocAnoiuer anu not mem
saiu Doafu.
al eieelons sndii oe Dy Dailot ana
.e VI naJorny OF the STOCK present OF
En,. L snan pe necessary 10 eject
"a ,n snare VI stock snail De entitled t
one vote.
., N ,S OF an eiections shall be givei
,vvSAhoIuers Dy puollcatlon thre
nanar mnhiin, Yen uays in daily news
Piappe n pneu III this city. FAILURE q
NJ a. IT. ev'ors On tne oates SPECIFIED shal
~. IL aIy nanneI inVauuate THIS charter
t;nra ofs 'nen IN oIiiee snail con
ainue 70 serve as such until their sue
Ga ofS nave Deeh elected and have quail
ARTICLE y-whenever this co-,o-o
othef e fs By Limitation or
! dated under the superintendent of ISra
y purpose by the stockboidars fron Ur ,S ns
J. number, after and ar oansrai e me
notice - . annt PURPOSE after thirty day
ton of thirty d. py pubIcs
or this city, said publication heinp ,
least three times during such period. Sal
commissioners shall remain in office mn
III the affairs of the corporation sha
nave been fully liquidated and closed. an
- In the case of the inability of any of sal
commissioners to serve, the Others or p
maiader shall continue to act"
ID ana said appearers now declare that II
original act of Incorporation of said co
poratlon is amended and changed.
IS, changed is now the charter of said cor
at pany, ana that they desire that the for
ne going amendments be recorded and m
lr ished as piyinU dua "a ~