Williams news., 1921-05-06
shall deem proper) on thirty

ance, at par plus the equiva-
 lent of accumulated and unpaid
 dividends, if any, computed to
 the date of redemption; (e)
 The Preferred Stock shall have
 full voting power.
 The amount of stock with
 which the corporation will com
 mence business is twenty (2O)
 shares of Common Stock. Such
 Preferred and Common Stock
 or either of them may be issued
 by the corporation from time
 to time for such consideration
 as may be fixed by its board of
 directors.
 FIFTH: The names and resi- dences of each of the subscrib- CTS to the capital stock of the corporation, and the number of shares subscribed for by each, are as follows:
 Name Residence Number of Shares T. L. Croteau
 Wilmington, Delaware IA M. A. Bruce
 Wilmington, Delaware 3 s. E. Dill
 Wilmington, Delaware 3
 SIXTH: This corporation is to have perpetual existence
 SEVENTH: The private property of the stockholders shall not be subject to the pay ment of corporate debts to any extent whatever.
 EIGHTH: In furtherance, and not in limitation, of the powers conferred by statute, the board of directors are ex- pressly authorized:
 To make and alter the by laws of the corporation; to de- termine when dividends shall be declared and the amount thereof; to fix and vary the amount to be reserved as work ing capital; and to determine the amount, use and disposition of any surplus or net profits, over and above the capital stock paid in-
 With the assent in writing of the holders of at least seventy five (75) per centum in amount of each class of the capital stock of the corporation issued and outstanding, or pursuant l to the vote (either in person or by proxy) of stockholders hold ing at least seventy-five (75) | per centum in amount of each | class of the issued and out | stock of the corpora o4 o of fh0 stockholders called for that purpose or at an annual meet ing thereof, to sell, assign, transfer, convey or otherwise dispose of all or substantially all of the property and assets of the corporation as an entire ty or going concern on such terms and conditions as the board of directors shall deem ble, either for cash or bonds or shares of capital stock of any corporation or corpora tions, or for any kind or species of property or obligation or se- curities.
 If the bylaws so provide, to designate two or more of their U uIuOOI IO COIlSC1CuIO all 0AGCu- tive committee, which commit tee shall for the time being as provided in said resolution and n the bylaws of this corpora jon, have and exercise any or all of the powers of the board ,f directors in the management of the business and affairs of his corporation, and have pow 1T to authorize the seal of this to be affixed to all papers which may require it. This corporation may in it's by avs confer upon the directors powers in addition to the pow ITS and authority conferred up- m them by the foregoing and " statute.
 NINTH: At all elections of directors every Stockholder en- tiled to vote thereat shall have he right to vote in person or by ,roxy the number of shares wned by him for as many per ons as there are directors to be lected, or to cumulate such hares and give one candidate 1 s many votes as the number of directors multiplied by the lumber of his Shares shall