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George McDill financial papers, 1890-1919
Article II
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(2) Sec. III. Each member shall hold a certificate signed by the President and Secretary for the number of shares he owns, which shares can be sold or transferred only by the consent of the board of trustees. The Company shall have the option of purchasing all shares offered for sale. Sec. IIII. Additional members may be received by applying to the board of trustees and paying the proportionate part of the cost of construction together with the difference if any of the cost to connect such members. Article III. Meetings and Elections. Sec. I. This Company shall have an annual meeting on the second Monday in Jan. in each year for the election of officers and doing any other business. Sec. II. Special meetings can be called for transaction of any business. Sec. III. The Secretary shall give at least seven days notice of the time and place of all meetings. Sec. IIII. At any meeting a majority of all members shall be a sufficient number to transact business, except to alter or amend the provisions of this instrument which shall require a two-thirds vote of all the members of the Company. A member shall be allowed as many votes as he holds shares. On all other questions a majority of all votes cast shall constitute an election.
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(2) Sec. III. Each member shall hold a certificate signed by the President and Secretary for the number of shares he owns, which shares can be sold or transferred only by the consent of the board of trustees. The Company shall have the option of purchasing all shares offered for sale. Sec. IIII. Additional members may be received by applying to the board of trustees and paying the proportionate part of the cost of construction together with the difference if any of the cost to connect such members. Article III. Meetings and Elections. Sec. I. This Company shall have an annual meeting on the second Monday in Jan. in each year for the election of officers and doing any other business. Sec. II. Special meetings can be called for transaction of any business. Sec. III. The Secretary shall give at least seven days notice of the time and place of all meetings. Sec. IIII. At any meeting a majority of all members shall be a sufficient number to transact business, except to alter or amend the provisions of this instrument which shall require a two-thirds vote of all the members of the Company. A member shall be allowed as many votes as he holds shares. On all other questions a majority of all votes cast shall constitute an election.
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