PRIVATE ACTS. "1425

ning and packing thereof, whether produced on the land or
otherwise commonly known as produce, and inspecting and
grading the same and also to buy and sell real estate either on
its own account or as agent of the seller or buyer of real estate,
and charge and receive a commission therefor.

SEC. 3. Arid be it enacted, That the capital stock of said cor-
poration shall be ten thousand dollars ($10,000), divided into
two thousand shares of the par value of five dollars ($5.00)
each, and said capital stock may be increased or decreased from
time to time by a majority of the stockholders at any regular
or special meeting; provided, however, that the amount of said
capital stock shall not exceed one hundred thousand dollars
($100,000.00), and the said incorporators herein named, or
the majority of them, shall have the power to open books for
the subscription of the capital stock, and when not less than
ten per cent. (10%) of the minimum amount of the capital
stock hereby authorized shall have been subscribed and paid in,
said corporation may then, and not before, begin business, and
the incorporators herein named, or a majority of then), shall
give five days' notice in writing to all stockholders of the lirst
meeting of the stockholders, said notice to set forth the day
and place of said meeting, and the depositing of said notices in
any postoffice of the United States shall be a compliance with
this section.

SEC. 4. And be it enacted, That the officers and managers of
said corporation shall be a board of general directors, a presi-
dent, a vice-president, a secretary, a treasurer, a general man
ager (who may also be sales manager), a general inspector,
local boards, local agents and local inspectors, and such other
officers, agents and employees as the by-laws of said corpora-
tion may from time to time prescribe, and the powers, duties,
terms of office, method and time of election, appointments and
method of removal of all said officers, agents and employees
shall be such as the by-laws, rules and regulations of said cor-
poration may from time to time prescribe; provided, however,
that the by-laws, rules and regulations do not conflict with the
powers of this Act hereinafter set forth.

SEC. 5. And be it enacted, That the incorporators herein
named shall elect the directors of this corporation, and shall
also elect and appoint all officers, agents and employees of
this corporation for the first year, who shall serve until the
first general meeting of the stockholders in the year nineteen
hundred and eleven, and at the first general meeting of the
stockholders in the year nineteen hundred and eleven, the
stockholders, or a majority of them, shall elect a board of
directors and officers to serve for the ensuing year, or until
their successors are elected or appointed, but the directors, or