BY-LAWS. 209 



ARTICLE XV. The President and Vice President and Teasurer shall give bonds 

 for the faithful discharge of their respective duties, in such sums as may be pre 

 scribed by the Board of Directors; and for their services shall receive such re 

 muneration as may be fixed by said Board. 



ARTICLE XVI. The Board of Directors shall have power to appoint a Secretary 

 an Attorney, and such other officers, agents, clerks and servants, as the business 

 of the Corporation may require, define their powers and prescribe their duties, sub 

 ject to these By-Laws, and shall fix the salaries or other compensation to be paid 

 to such officers, agents, clerks and servants of the Corporation. 



ARTICLE XVII. The President and Vice President shall have charge and cus 

 tody of the funds, property, books, papers and other matters of the Corporation, 

 under such rules, regulations and restrictions as provided by these By-Laws, or 

 the Board of Directors may prescribe by resolutions duly passed and entered upon 

 the minutes of said Board. 



ARTICLE XVIII. The President and Vice President shall not both be absent 

 from the State at the same time, and in case of the absence of either, his duties 

 and powers shall devolve upon and be performed by the other. 



ARTICLE XIX. It shall be the duty of the President, and in his absence, the 

 Vice President, to preside at all meetings of the Board of Directors, and at all 

 meetings of the stockholders of the Corporation. 



ARTICLE XX. It shall be the duty of the Secretary to record correctly all the 

 proceedings of the stockholders at their meetings, and of the Board of Directors. 



ARTICLE XXI. The Board of Directors shall, from their number, appoint an 

 Auditing Committee of three, whose duty it shall be to count the cash, examine 

 the books, vouchers, documents, papers, and other assets of the Corporation; to 

 report upon the same to the stockholders at their annual meetings, and to the 

 Board of Directors from time to time, as they may direct. 



ARTICLE XXII. The Board of Directors shall, from their number, appoint a 

 Finance Committee of three, whose duties shall be defined by resolution of the 

 Board of Directors. 



ARTICLE XXIII. The annual meeting of the stockholders for the election of 

 Directors shall be held at the office of the Corporation, on the third Wednesday 

 of February of each year, at ten o clock A. M. 



ARTICLE XXIV. The call for the annual meeting of stockholders, and for the 

 annual election of Directors shall be signed by the President or Vice President, 

 and be attested by the Secretary, and be published at least once a week, for four 

 consecutive weeks next preceding the day of meeting, in at least three newspapers 

 of general circulation throughout the State. If from any cause no quorum shall 

 be present, the meeting may adjourn from time to time without further notice. 



ARTICLE XXV. All transfers of stock shall be subject to all debts and equities 

 in favor of the Corporation against the person or Corporations making such 

 transfer, and existing or arising prior to the regular transfer thereof upon the 

 books of the Corporation; and 110 transfer of shares shall be made upon the 

 books of the Corporation, until all dues and demands thereon, due to the Corpo 

 ration, from the party or parties representing such shares, shall have been paid. 



ARTICLE XXVI. All transfers of stock shall be made on the books of the Cor 

 poration, and no transfer shall be binding on the Corporation unal so entered, or 

 until all assessments thereon have been paid. No stock that has been transferred 

 on the books of the Corporation within thirty days next preceding any meeting 

 of the stockholders, shall be entitled to representation at said meeting. 



ARTICLE XXVII. Certificates of stock shall be issued to the original stock 

 holders of this Corporation, to the number of shares by each subscribed in the 

 original articles of association, as evidence to each of the number of shares by 

 him or her owned in the capital stock; and the manner of transferring shares 

 shall be by endorsement and delivery of the certificate thereof, such endorse 

 ment being by the signature of the proprietor, or his or her attorney in fact, or 

 legal representative. No stock shall be transferred without the surrender of the 

 certificate, and upon such surrender the word &quot;cancelled &quot; shall be written across 

 the face of the certificate by the Secretary, and the signatures of the officers shall 

 be erased, and such certificate, so cancelled, shall be preserved by pasting the 

 same to the stub from which it was torn, in the Certificate book. The transfer 

 books shall be closed for two days prior to the annual meetings and the payment 

 of dividends, and the dividends shall be paid to the persons in whose names they 

 stand as stockholders at the time when the books are closed. 



ARTICLE XXVIII. All the net earnings and profits in said business of the Cor 



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