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<br />By Laws of tne Gr�aZd '"ies�, Reservcir C'Or1A2riy Continued
<br />Ar�. gq, Powere of �he �J�.rectors �
<br />Sec. 1. The 3oa.rd of Dire.ctors sha.].1 ha.ve pov:�er; FIRST,
<br />to call r:leetin�s o� the stockholders when they deer� poli-
<br />tic, giving not les� ts��.r_ fitre day�� notice thereof in
<br />m�nner 2s hereinafter provided; a,nd they sh�.11 call meet-
<br />ings af the stockholciers, �.s afores�,id, �t �ny time upon
<br />a�rrittan request of persons represer_ting one-third of �11-
<br />the c�.pital stock. S�CCr?D, to r�?ke rules ^nd regul�tions
<br />not incon�istent with the by laws of the comp?,ny nor to
<br />conflict �rith the l�ws of the st�,te for the guidance of
<br />the officers �.nd the r��na�ement of the �.ff�,irs of the cor�-
<br />p�.ny. THIRD, to decl�re dividends out of the surplus
<br />profits, whenever they deeM it expedient; provideci, howeve�
<br />th�� no indebtedness over five hundred doll�xs sh�ll �.t
<br />a.riy time be incurred, except by vote of the stockholders
<br />to authorize the execution by the president �nd secreta.ry
<br />the oblig�.tions of the cor�r�.ny for suc� indebtedness.
<br />Art. V. �7z;,ies o?' Di~�ctorfi.
<br />Sec. 1. It siz�.11 „�-"�� c��_I+i�s of the �o^x3 of Director� •
<br />FIRST, to c�.uce to � ��_�-:pt �, conpl�te recora of a,ll their�
<br />r�eetings � nd �,cts, ^,nd ^1Go of the proceedin,s of the
<br />stockholders, shov�in� in deta,il the a.sset� �,nd lia,bilities
<br />of the cor�pa.ny and th.e condition of its ?,ff�,irs ^^er_erally.
<br />S�'CGND, to supervise a.11 the a.ct� of t'ie of�'icers �nd em-
<br />ployers, require the �ecxet�.rv ^nd trer,,�urer to keep �c-
<br />curt�,te books a.nd accounts a.nd to preccribe the forr� Pnd
<br />r_lode of keening the spr�e. TrIRD, to ca,use to be issued to
<br />thr� Gtockhelders in proportior_ to �heir 4a�rer^1 intere�ts
<br />certific�.tas of � �ock -::_o � to exc�ed in t:?e a,�•�;ri�;P,te, the �
<br />cu�it�l stock of 1he cor�pany. FGLTRTH, cauc��� the mor_eys of
<br />the co:�pa.ny to o� sa.fel�r kent , directin� fror.� time to tir�z
<br />�lZere ;hey sh�ll 'oe kept or depo�ited.
<br />Art. VZ. Szper�r�tencler.t
<br />Sec. 1. ��ener�.l superinter.dent sh�.11 be a,ppointed 'ay tn�
<br />�oa.rd of directors �.nd rer�ova,ble at th��ir nle�.suxe.
<br />Sec. 2. It �h�,ll be his cluty; FIR�T ta t�.ke ch�,r�;e of n.11
<br />the propPrty belon�;in:s to �he cor�pP.ny a.nd to control and"
<br />direct all l�bor ^.nd bt?�ine�g pert�,inin.� to the interest,
<br />objects, and onarF,tions of the compa.n�T, �ut entirely sub-
<br />ject to the control of the president or board of dire�tcrG�
<br />BECGi"�, to Ma.ke montiily returns to the bo^.rd of direc�ors
<br />of �.11 persons i�ired or performin� work under hirl for the
<br />comp�.ny �,nd a, sta.ter�ent of expenditures �,ccor�p�nying the
<br />sax.le with rancher�, �,nd �l;;o repor� the _-�ener^1 conditior
<br />of t.ze pro�erty oi t?ie co:�����nS ,�nd estiecia,lly, it� rese��--
<br />�TU1T6. 1'�z�� �O ?_1^?Ct-3 Z'�q"Ic1�lOT1 U�O� ''i,�12 �o�.rd Of diz'�C
<br />tors ior necess:�.r-�� z•,n'�,s��.tir__^ the object for ��hich t7�e-.r
<br />��re req��ired. 'ri��� �•_-;�,1�� �e�; h�ve po�rzr to zncur a.ny in-
<br />debtedre�s unl�s�� G��Pci�11;; �,�.t�orize�i �y �1:�e bo�.rd of
<br />directors.
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