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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />ARTICLE IX <br />The affairs and management of our said Corporation shall be under the control of a <br />Board of Directors, who shall be five in number. The names of the directors who shall <br />manage the affairs of the corporation for the first year, or until their successors are elected and <br />qualified shall be A.I. Maddux, George M. Oringdulph, Fred Herrmarm, Ernest Lyckman, <br />and Edgar Hall. <br />ARTICLE X <br />Cumulative voting shall be allowed in the election of directors, The stock of said <br />corporation shall be assessable, <br />ARTICLE XI <br />The business of the corporation shall be carried on in the County of Costilla in the <br />State of Colorado, and the principal office of said corporation shall be at San Acacia, <br />Colorado. <br />ARTICLE XII <br />The Board of Directors shall have power to make prudential by-laws as they may deem ,: <br />proper for the management of the affairs of the corporation, not inconsistent with the laws of <br />this state, for the purpose of carrying out the objects and purposes of the corporation. <br />IN WITNESS WHEREOF, the said incorporators have hereunto set their hands and <br />seals the_day of December, 1954, <br /> <br />- <br />