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may be filled by the same person. Said board shall have
authority to appoint and employ such other officers, clerks
and agents as the business of the company shall from time
to time require, and to fill all vacancies occurring by death,
resignation or otherwise, in the membership of said boa,rd.
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CHAP. '94
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All elections shall be by ballot, and at all meetings of the
stockholders, every stockholder shall be entitled to one vote
for each share of stock held by him. No person shall be
elected as a director who is not a stockholder to the amount
of twenty shares. The board of directors or the executive
committee so chosen by said board shall have power to elect
non-resident local boards, non-resident local vice-presidents
and non-resident local assistant secretaries, and such local
vice-presidents and local assistant secretaries may be vested
by the said board or executive committee with power to sign
and deliver bonds of suretyship, undertakings and other
obligations for and on behalf of and in the name of said
company, to the same effect and with the same binding
obligations as if the said instruments had been executed by
the president or a vice-president and secretary or assistant
secretary, elected by the board of directors, and the said
executive committee shall have full authority to exercise all
the powers of said board during the intervals between the
meetings of said board.
Section 7. That said company shall be and is hereby
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Election to be
by ballot.
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authorized and empowered to insure the fidelity of any
person, corporation, partnership or company holding any
place of trust or responsibility to or under the Government
of the United States, or any State or territory therein, or
the District of Columbia, or the government of any county ,
city or municipality in said district, State or territory, or tc
or under any corporation, partnership, company, person or
persons; to become surety, or go upon any bond, under-
taking or other obligation for the faithful performance of any
trust, office, duty, contract, obligation or agreement; to
become surety in all cases where security is required by law,
ordinance, rule or regulation; to supersede any judgment
to go upon any appeal bond, or upon any other bond, under-
taking or obligation permitted, authorized or required in, or
in connection with any judicial proceeding. That said com-
pany is authorized and empowered to become sole surety in
all cases where by law two or more sureties are required.
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Fidelity of any
person, etc.,
insured.
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