Douglas daily dispatch., 1926-01-02
LEGAL NOTICES

LEGAL NOTICES
business in connection with Il fore
going, whether manufactures o
otherwise, and to have and to ex
ercise all the powers conferred b!
the laws of Delaware upon corpora
tions formed under the act nerelnattel
referred to.
FOURTH. The total authorized cap.
/ ital stock of this corporation is two
hundred and fifty thousand dollars
! $3.50 100000 divided into two hundred
and fifty thousand (25O,OoO) shares OF
one dollar ($1.OO) each.
The amount of capital stock with
which this corporation will commence
business is the sum of two thousand
dollars ($2,OOO.OO) being two thou
sand (2OOO) shares of one dollar
($1.O0) each.
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 RESIDENCE NUMBER OF
SHARES
Samuel w. Traylor, Jr. Philadelphia,
Pa, 998.
Walter G. MacFarland, Philadelphia,
Pa, 997.
David H. Miller, philadelphia, Pa, 5.
1000
SIXTH. This corporation is to have
perpetual existence.
SEVENTH. The private property
of the stockholders shall not be sub
ject to the payment of corporate debts
to any extent whatever.
EIGHTH. The sgners of the Ger
tificate of Incorporation, being all
the Incorporators, shall have the di-
rection of the affairs and of the or
ganization of the corporation, and may
hold meeting or meetings in person
or by proxy, and at such meeting or
meetings elect directors and take such
steps as are proper to obtain the
necessary subscriptions to the stock
and to perfect the organization of
the corporation.
In furtherance, and not in limita-
tion of the powers conferred Iby
statute, the Board of Directors arc
expressly authorized:
To make, alter, amend and re-
scind the Bylaws of this cor1ora-
tion, to fix the amount to be re-
served as working capital, to auth
orize and cause to be executed mort
cages and liens upon the real and
personal property of this corpora
tion.
From time to time to determine
whether and to what extent, and at
what time 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 the
inspection of the stockholders; and
no stockholder shall have any right
of inspecting any account or book
or document of this corporation ex-
cept as conferred by statute or auth
orized by the Directors, or by a
resolution of the stockholders.
If the Bylaws so provide, and by
vote of a majority of the whole
board, to designate two or more of
their number to constitute an Execu-
tive Committee which Committee
shall for the time being, as provided
in. said resolution or in the Bylaws
of this corporation. have and exer-
else any or all of the powers of the
Board of Directors in the manage
ment of the business and affairs of
this corporation, and have power to
authorize and seal of this corpora
tion to be affixed to all papers which
may require it.
Both stockholders and directors
shall have power, if the bylaws so
provided, to hold their meetings
either within or without the State
of Delaware, to have one or more
offices in addition to the principal
office in Delaware, and to keen +
books or this corporation (subject
to the provisions of the statute) out
side of the State of Delaware at such
places as may be from time to time
designated by them. This corpora"
tion may in its Bylaws confer
| powers additional to the fore3 ms
! upon the Directors, in. addition &c
the powers and authorities expressly
conferred upon them by the statute
NINTH. director of this cor
poration shall not be disqualified by
his office from dealing or contracting
with the corporation either as g
vendor purchaser, or otherwise, nol
shall any transaction or contract OF
this corporation be void or voidablt
by reason of the fact that any di'
rector or any firm of which any di'
rector is a member or any corpora
tioD of which any director is a share.
holder or director, is in any way
interested in such transaction or con
,tract, provided that such transaction
or contract is or .shall be authorized
ratified, or approved, either D b!
vote of a majority of a quorum o
the Board of Directors or of th
Executive Committee without count
ing in such majority or quorum an,