Page:United States Statutes at Large Volume 42 Part 1.djvu/880

 852 SIXTY-SEVEN TH CONGRESS. Sess. II. Ch. 346. 1922. mr-Laws. \
 * ‘°'*“l°“‘°‘”Y'L“'“‘ Sec. 9. The by·laws may providej _ _ _

°°“““· (a) The time, place, manner of calhng, giving notice, and conduct of, Eid de ation os`; quorum for, the meetmgs, annual or special, of estoc 0 ers or ectors; _ D"‘°*°”· (b) The number, qualiiicationshand manner of choosing and fixmg the tenure of officeha;·rildl¢;ompe1isat1<ti{l1 of all directqirs; but  nurgibher ofsuch directorss enot ess anthree, an amayonyo e directors and a majority of the officeis holding the office of president, treasurer or secretary or a correspon office shall be citizens of me United sims méaqm in omni; an? ’ nmhiulggk ***°'°* °‘ (c) The manner of calling for and collecting payments upon shares ’ of stock, the penalties and forfeitures for nonpayment, the preparation of certificates of the shares, the manner of recording therr sale or transfer, and the manner of their representation at stockholders’ meetings. u’§’;;**§‘¤ °‘ “‘°°*‘ s·roc1¤1ou:•1·:ns’ mnnrmos. ”Ntg*;¤glgg‘¤¤m· °°°· Sec. 10. (a) Within six months after the issuance of the certificate ` of incorporation of a Chinah'1‘radetlAct corpogtrpéi there ihall ble lgield astockholders meeting eit er at e rincip office or a ranc office of the corporation. Such meeting sliall be called by a mayiprity of the directors named in the articles of incorporation and eaic stockholder shall be given at least ninety days’ notice of the meeting either éIi11g)]fI'SOD or by mail. The holdershof two-thirds lqf thedvotmtg shares constitute a quorum at suc meet' authorrz to ransact of by-laws for the corporation shall be adopted by a majority of the Q esmm to be de_ voting shares represented at the meeting. _ %ea¤g¤g·k1gSs¢¤¤k- fg) The followglquestions shall be determined only by the stock- °'“"‘“ ‘ ho ers at astoc o ers meeting: Zh; t (1) Adoption of the by-laws; _ _ "‘ °° s‘ (2) Amendments to the articles of incorporation or by·laws; S°'°°""““‘°°" (3) Authorization of the sale of the entire business of the corporamm! t, tion or of an independent branch of such business; ° `°° _ (4) Authorization of the voluntary dissolution of the corpora- E"*‘”‘”"¤ ‘*“"“’°“· n°&3°iiiiii1m1zi.¢x¤¤ of application for the extension of the period of duration of the corporation. mjjgglf °‘ °“*°‘“*‘ (c) The adoption of any such amendment or authorization shall ' require the approval of at least two·thirds of the voting shares. “g’°r£§;*d_°' S°°'°‘ No amendment to the articles of incorporation or authorization for dissolution or extension shall take effect until (1) the corporation iiles a certriicate with the Secretary stating the action taken, m such manner and form as shall be by regulation prescribed, and (2) such amendment or authorization is {quid and certiiied by the Secretary to conform to the requirements 0 t is Act. °¤¤*¤¤¢<>¤¤si¤¢m- (d) A certified copy of the by-laws and amendments thereof and gi gliedmintiitegl of al stockholders’ meetings of the corporation shall e wi e registrar. nmmcrons. D**¤=¤¤¤*° ¤ms¤¤¤ Sec. 11. The directors desi ated in the articles of incorporation www °[ I Shall, until their successors liike office, direct the exercise of all powers of a China Trade Act corporation except_such as are concrred upon the stockholders by law or by the articles of incorporation or rg-laws of the corporation. Thereafter the directors elected in acco ance with the by·laws of the corporation shall direct the exercise of all powers of the corporation except such as are so con-
 * "°°“"‘ °“""“‘“‘ business. At this meetinv or an adjourn]-Ed meeting thereof a code