| OCR Text |
Show ,' 0' . is represented. i The offioers of this Corporation shall be elected vive voce unless by vote of the majorlt~ of the stock present it is decided to make the election by casting a vote by ballot. In such event the vt)te shall be cast in .such a. maruler and the persons receiving a majority of the yotes cast shall be de l.med lind declared elected. Each stock-holder shall be entitled to as many votes as he holds 'shares of the capi tal stoc l~ . A representation by P' Olty duly appointed shall be allowed a.t all meetings of the stock-holder s whether annual or special. X. The Direc Lors and other officers elected at such meetings shall in 15 after their elec~10n da~D meet and organtze as a. board by qualifying in a manner prescri- bed by law. XI. The Officer of this Corporation shall hold their respective offices for the term of one year ,and until their successors are elected 'add qualified. XII. The sai~ Corporation either in sto~k-holders meeting or b~ Boa8d of directo- rs may enact a code of by-laws for the regulation and government of the affairs and bUSiness which shall not be inconsistent or repugnant to the provisions of the8e Articlea or oontrary to law. XIII. A majority of the Board of directors shall constitute a qUDrum and shall be as fully autborized to transact any business as a full Board of Directors. XIV. The officers of this Corporation shall perform such duties as by oommon use appertain to such business and as may be provided by the by-laws. XV. Any officer of this Corporation may be removeu for oonduct prejudioial to te interest of said Corporation by two third vot,e of the stock-holders. XVI. A~ Offioer of this Corporation may resign his office by giving the 30ard of Directurs thirty days notioe 1n writing before thL same is to take effeot,but it may be aocepted QO shorter notice. XVII. Any vaca~cy occuring in the Board of Direotors or other office of this Corporation may be filled until the election and qualification of a suooessor by the Bo~rd of Directors or in suoh other manner as may be pr ovided in the by-luws. XVIII. The title ot all real and personal property acquired by this Corpora.ti on shall be vested in the Corporation. |
