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Show This text message is used to keep the image from rotating in ocr process. Be sure to crop the top .25" off after the ocr process. VI. The place of the General business of this CorporBtion and its principal offices shall b6 Morgan,Morgan County, State of Utah. VII. The Capital Stock of this Corporation Shall be Ten Thousand (tioooo.OO) Dollars divided into one hundred (100) shares o~ the par value of One Hundred ($100.00) Dollars eaoh. VIII. The number and kind of officers of this Corporation 1n whom the governing power of such ia vested shall be as follows:to-w1t:There sh:.l l be a Board of Directors consisting of :rive persons, A Pre~ident, a Vice President. A S.ecretary and a Treasurer. And their qualificat- ions shall be respectfully, to own ~t least one share of t h e Capital Stock of said Company, and those to serve for the ensueing year as Directors and until their suooessors are ele~ted and qualified are as follows to-wit:- J8Jlles PingreE! shbll be Pres.1dent, Adam Patterson ahall be Vice jnt, James A~ Anders on shall ' be Secrete.ry, Job Pingree shall be Pre8id~ D1rf}ctor, 8.nd f.Io !Hyrum Pingree shall be a Director. The officers and Directors being the Board of Direotors to serve during the Bnsueing year. Walter Bramwell Shall be Treasurer for the ensuing year and until their sucoessons are elected and qual1fiAd. ;rx. '. . The Direotors and Officers of thi8 Corporation shall be ielected b¥ the Stookholders at a meeting to be called and held for that purpos~ on th~ Second I I Tuesday in August A. D. 1905 and in . eTery year thereafter. I i Such meeting ahall be held between the hours of 10. a.m. land 8.p.m. of said day at the offioe of said .orporation in Morgan, Morg&n CoUnty, S¥ate of Utah, &nd at such meeting such other business as may be deemed neoelsary of oonyenient for the Welfare of the Corporation shall be transacted. At all of such meetings of the stookholders, representation of a majority.of the outstanding Capital Stock shall be necessary for the transacti~n ~f I business, and no business except to adjourn, or to Ild.1ourn to a ' apec1fiAd day Shall be transacted at any meeting . of the atoo ~ -holders unless Ii majority of the Stook 1s represented. I ! I The efficera of thirl Ccrporatlon shall be eleoted "vive voce unles!! by a vote of a ·majority of the stock present it 1s decided to make the election by caating a vot~ by Ballot. In auoh .Tent the votes shall be cast in that"Jlanner and the per80nl I receiTing a majority of the Totes CBst Shall be deemed and deol~red elected. Each Steck-holder shall be · entitled to as many votes as 'he holdl! shares ef the capital stock. A representation by proxy duly appointed Ihall be a110wJd at all meeti- , nga .r the Stock-holders whether annual or special. I i, '. I~ |
