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<br />- <br /> <br />- - <br /> <br />- <br /> <br />- - <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />required by law, He shall countersign and register all <br />certificates of stock and other documents requiring the <br />signature of the President attaching the corporate seal <br />of the company to all instruments requiring the seal <br />and he shall perform all such other duties as are <br />incident to his office, <br /> <br />ARTICLE V <br /> <br />Duties of the Treasurer <br /> <br />The Treasurer, subject to the supervision and <br />direction of the Board of Directors, shall have the <br />custody of the corporate funds and securities and shall <br />keep full and, accurate accounts of receipts and <br />dIsbursements m books belonging to the corporation <br />and shall deposit all monies and other available effects <br />in the name and to the credit of the corporation in such <br />depositaries as may be designated by the Board of <br />Directors, or upon the failure ofthe Board of Directors <br />or upon the failure of the Board of Directors t,; <br />designate such depositaries, then in such deposita~ies <br />as may be designated by the President His books shall <br />be open at all times to the inspection of any other officer <br />of the company, The Board of Directors shall require <br />the treasurer to file a good and sufficient indemnity <br />bond In such amount as the board may direct to be <br />approved by the Board, conditioned for the satisfactory <br />performance of the treasurer's duties and to accountfor <br />all monies that shall come into his hands as treasurer of <br />the company, <br />All funds ann money of the corporation shall he <br />subject to checks drawn out of the regular check books <br />of the company, signed by such officers of the company <br />as may be provided by resolu tion adopted bv the board <br />and upon the stub of each such check, 'the proper <br />amount and purpose for which the same was drawn <br />shall be specified, No checks shall be drawn or funds <br />used for any purpose other than the corporate objects of <br />the company and no director, officer, or employee of the <br />company shall either directly or indirectly borrow <br />money, property or effects from the company without a <br />resolution of the Board allowing the same passed by <br />unammous vote and duly entered in the records of the <br />company, <br /> <br />4 <br /> <br />- <br /> <br />- <br /> <br />- - <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />ARTICLE VI <br /> <br />Board of Directors <br /> <br />The Board of Directors shall consist of five (5) <br />members each of whom must be a stockholder of the <br />company, It shall be the duty of the Board to exercise <br />general supervision over the affairs of the company. to <br />audIt all bIlls and accounts against the company and to <br />dIrect the secretary and treasurer in correspondence <br />and in the disbursement of funds. No debt shall be <br />contracted against the company except by order of the <br />Board of Directors, <br /> <br />ARTICLE VII <br /> <br />Salaries <br /> <br />The officers of the company shall receive such <br />compensation as shall be fixed by resolution of the <br />Board of Directors, <br /> <br />ARTICLE VIII <br /> <br />Annual Meeting <br /> <br />Section L The first annual meeting of the corporation <br />shall be held at the office ofthe company in San Acacio, <br />Colorado, or such other place as the Board of Directors <br />may determine, at 10,00 a,m, on the first Wednesday of <br />February, 1955, and on the first Wednesday of March of <br />each succeeding year, <br />A special meeting of the stockholders and directors <br />may be called at the request of 20% of the stockholders <br />of the company, Notice of such special meeting shaH be <br />gi ven [is provided by 1" w, <br />Section 2, In case of the death. resignalion. or <br />removal of any director prior to the expiration of the <br />term for which he is elected, the Board of Directors shall <br />have power to appoint a member to fill such vacancy on <br />the Board of Directors to serve until the next annual <br />meeting of the Company, In the event of any such <br />vacancy the Secretary is empowered to call a special <br />meetmg of the Board for the purpose of making such <br />appomtment. <br />Section 3. In the event any member of the Board of <br />Directors shall fail to attend three consecutive regular <br />meetings of the Board of Directors. without good cause <br />shown or having been excused by the Board of <br /> <br />5 <br />