The Winslow mail., 1925-09-11

carry on it's said business, or
any part thereof, and to have
one or more offices, and to ex-
ercise all or any of its corpOr-
ate powers and rights, in the
State of Delaware, and in the
various other states, terri
tories, colonies and depen-
dencies of the United States, in
the District of Columbia, and
in all or any foreign countries.
FOURTH-The total number of
shares which may be issued by the
corporation is Two Hundred (200)
all of which shall have no nominal
or par value. The corporation will
commence business with Ten (10)
! shares.
Without action by the stockhold-
ers, the shares of stock without
par value may be issued by the
corporation from time to time for
such consideration as may be fixed
| from time to time by the Board of
Directors thereof, and any and all
such shares so issued, the full
consideration for which has been
paid or delivered, shall be deemed
full paid stock and not liable to
any further call or assessment
thereon, and the holder of such
shares shall not be liable for any
further payment thereon.
FIFTH-The names and places
of residence of each of the original
subscribers to the capital stock and
the number of shares subscribed
for by each are as follows:
Name and Resident. No. Shares
E. E. Craig, Dover, Del.,-..,.-,,6
]. M. Townsend, Dover, Del......2
M. S. Cook, Dover, De1-...------......2
SIXTH-The corporation is to
have perpetual existence.
SEVENTH-The private proper
ty of the stockholders shall not be
subject to the payment of corpor-
ate debts to any extent whatever.
EIGHTH-The number of direc-
tors of the corporation shall be
fixed and may be altered from
time to time as may be provided in
the Bylaws. In case of any in
crease in the number of directors,
the additional directors may be Sc
lected by the directors or by the
stockholders at an annual or spec
ial meeting, as shall be provided in
! the Bylaws.
i The directors from time to time
may determine whether and to
what extent, and at what times and
places and under what conditions
and regulations, the accounts and
books of the company (other than
the stock ledger, or any of them,
shall be open to the inspection OF
the stockholders; and no stock
holder shall have any right to in
spect any account or book or doc
ument of the company, unless ex-
pressly so authorized by statute or
by a resolution of the stockholders
or the directors.
The directors in their discretion
may submit any contract or act for
approval or ratification at any an
nual meeting of the stockholders
or at any meeting of the stockhold-
ers called for, the purpose of con-
sidering any such act or contract,
and any contract or act that shall
be approved or be ratified by the
vote of the holders of a majority
of the capital stock of the COM
pany which is represented in per-
son or by proxy at such meeting
(provided that a lawful quorum of
stockholders be there represented
in person or by proxy shall be as
valid and as binding upon the cor
poration and upon all the stock
holders, as though it had been ap-
proved or ratified by every stock
holder of the corporation, whether
or not the contract or act would
otherwise be open to legal attack
because of directors interest, or
for any other reason.
The directors shall also have
power, without the assent or vote
of the stockholders, to make and
alter Bylaws of the corporation; !;
: