The Winslow mail., 1925-02-06

names and places Of residence OF the
subscribers to the capital stock and
the number and shares subscribed for
by each are as follows:
Name and Residence No. of Shares
Classified
Common
w. H. Dannat Pell...........-.....-.
551 East seth Street,
New York City.
Harvey B. Hartsock ...---20
1873 East 21st Street,
Brooklyn, N. Y.
T. L. Croteau ...--.. -----.-.-20
Wilmington, Delaware.
Article XVIII.
EXISTENCE-This corporation is to
have perpetual existence.
Article XIX.
PRIVATE PROPERTY OF STOCK
HOLEDRS NOT LIABLE FOR COR
PORATE DEBTS-The private prop
erty of the stockholders shall not be
subject TO the payment of corporate
debts to any extent whatever.
Article XX.
POWERS OF BOARD OF DIREC-
TORS-In furtherance, and not in
limitation of the powers conferred by
statute, the Board of Directors is ex-
pressly authorized:
CD To make, alter, amend and re-
cind the bylaws of this corporation;
to fix the number of Directors; to
establish the conditions under which
Directors and Officers may be remov-
ed from office; to fix the amount to
be reserved as working capital over
and above it's capital stock paid in
to authorize and cause to be executed
mortgages and liens upon the real and
personal property of this corporation.
(2) From time to time to deter
mine whether and to what extent, and
at what times and places, and under
what conditions and regulations, the
accounts and books of this corpora
tion, (other than the stock ledger
or any of them, shall be open to in
spection of stockholders; and no
stockholder shall have any right of
inspecting any account, book or docu-
ment of this corporation except as
conferred by statute, unless authoriz
ed by a resolution of the stockholders
entitled to vote, or Directors.
90 If the bylaws SO provide, to
designate two or more of it's num-
Der to constitute an executive commit
tee, which committee shall for the
time being, as provided in said 'reso-
luton or in the bylaws of this cor
poration, have and exercise any or
all the powers of the Board of Di-
rectors in the management of the
business and affairs of this corpora
ton, and have power to authorize the
seal of this corporation to be affixed
to all papers which may require it.
(4) Pursuant to the affirmative
vote of the holders of at least a ma
jority of the stock issued and out
standing, having voting power, CIV
ing at a stockholders meeting duly
called for that purpose, or when au-
thorized by the written consent of at
least majority of the holders of the
voting stock issued and outstanding,
the Board of Directors shall have
power and authority at any meeting
to sell, lease or exchange all the
property and assets of this corpora
tion, including it's good will and it's
corporate franchises, upon such terms
and conditions as it's Board of Do
rectors deem expedient and for the
best interests of the corporation.
(5) This corporation may in it's
bylaws confer powers upon its di-
rectors in addition to the foregoing
and in addition to the powers and
authorities expressly conferred upon
them by the statute.
Article XXI.
POWERS OF STOCKHOLDERS
AND DIRECTORS-Bo stockholders
and directors shall have power, if the
bylaws so provide, to hold their
meetings, and to have one or more
offices within or without the State of
Delaware, in addition to the principal
office in Delaware, an dto keep the
books of this corporation (subject to
the provisions of the statutes), out
side of the State of Delaware at such
places as may be from time to time
designated by the Board of Directors.
Article XXI
POWER OF AMENDMENT This
corporation reserves the right to