| OCR Text |
Show ($25,000.00) doll8rs,di~ided 1nt. two hundred and fifty (250) shares of the par value of one hundred dollars ($100.00) each. E I G H T H. The number and kind of offioers of this corporation,in whom the governing power of suoh 1s vested, shall be as follows, to-wit:There shall be a Board of Directors consist1ng of five persons, ident,a vioe-president, a secretary and tre~surer, and R pres- th ~ ir qual1f1c8tion~ shall be respeot1vely to own at least one share of the oapital stock of said Company. And those to serve for the ensueing year as directors and until their suocessors A.re elected and qU8lified Bre Job Ping~ae a,8 follows to-wit: James A.Andersrn, ,Adl.\m P".t tert'lon, Hyrum Pingree and James Pingree. I James PIngree shall be President,Job Pingree Vice-President, James A. Anderson shall be SecretBry and TreBAurer for the ensueing year,and until their successors are elected and .qua11fied. N I NTH • . The Directors and off1cers of this corporation shall be elected by the stockholders at B meeting to be called and held for that purpose on the third Tuesday 1n January 1905 and 1n every year th~reafter • .Such meet1ng shall be held between the hours of 9 A. M. and 9 P. M. of sa1d day at the office of said oorporation 1n Morgan,Morgan County,&tate of Utah,and at such meetinG such other bus1ness as IDay be deemed necessary or oonvenient for thr welfare of the oorporat10n shall be transacted. I At all of such meetings of the stockholders representat10n of the majority of the outBta)~ d1ng capital stock shall be necessary for the transact10n of business,and no business except to adjourn or to adjourn to specif1ed date shall be trBnsacted 8 at any meeting of the stockholders,unles3 a majority of the stock is represented The officers of this corporation shall be elected ViVA voce unless by vote of the major.ity of the by caeting a vote by ballot. .~ock tJresent/. It is decided to make ehe election In such event the votes shall be cast in that manner and the persons receiving tr.e majority of the votes cast shall be deemed and declared elected. each stockholder shall be entitled to has she,res 1n the ce!,i tal stock. ~s many votes as he A rppresentation by proxy duly appointed shall be allowed at all meet1ngs of the stockholders,whetter annual or special • . T E NTH. The Directors and other officerR elected days after their election meet and organize as B a~ such meetings shall in ten Board ~ y qua11f~ing in a manner per scribed by law. E LEV E NTH. The off1cers of this corporation shalll hold their respeotive off1ces tor the term of one 7ear., and until their successors are elected and qualified. T 19' ELF T H•. Said oorporation, either 1n stookholders meeting or b) Board ot Direct- I |
