more Vice-Presidents, and they are authorized to fill
all vacancies that may occur in their own body or
among the officers of the said corporation; they shall
also appoint all other officers, agents and servants,
as they may deem necessary to conduct and execute
the business of the corporation, to prescribe their
duties, fix their compensation, and in their discretion
to dismiss them; to take bonds for said corporations
from all or any of the officers, agents, or servants by
them so appointed, with security, conditioned in such
form as they may approve, for the faithful perform-
ance of the duties of said officers, agents and ser-
vants, and to secure the said corporation from loss;
to invest the funds of the corporation as they may
deem proper; and generally to do any other act or
thing touching the interest of the said corporation,
as they may deem most beneficial; they may also
admit members upon such terms or conditions as
the by-laws may prescribe, make all such by-laws as
may be necessary for the exercise of the aforesaid
powers, vested in said corporation, and the same to
alter and repeal at pleasure; provided, however, that
such by-laws shall not be contrary to any law of this
State or of the United States.
SEC. 4. And be it enacted. That at all meetings of
stockholders of this corporation for elections and
other purposes, no person shall be allowed to vote
on any share or shares of stock at such meetings,
either in person or by proxy, unless the said person
shall, if required by a stockholder, make oath before
the judges of the election or other officers of the
meeting that he or she, as the case may be, is the
lawful and bona fide owner of said stock, having pur-
chased and paid or secured payment for the same
a full consideration, or received the same by inheri-
tance, bequest, marriage, distribution or gift, and
without any understanding that the said stock is to be
transferred to the party from whom it was received;
or in case of voting by proxy or power of attorney,
the person holding such proxy or power of attorney
shall make oath or affirmation if required by a stock-
holder, that he believes his principal for whom lie
offers to vote bought and paid or secured the pay-
ment for the said stock a full consideration, or that
|
Prescribe
their duties
and compen-
sation .
Shares, how
to be voted.
To make
oath if re-
quired.
Proxy to
make oath.
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