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drdeem~~~ ~i.~8r~~atHiW~~. - 4tuJ /n~~'1UI(,
ill. So far at! strangers to thle trust are oonoerned. a resolution of the i'rusteee auth- '
I orising a partioulnr eot to be done. shall be oonolusive evidenoe in favor of suoh strangers
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! that euoh aot is within the powers of the Trustees. an1 no purohsser from the Trustees shall
be bound to see the applioatlon of the purohese m~. or other oonsideratlon uaid or deliv-
ered by or for soid purchaser to or for said trustees.
ARTICLE Ill.
1. ~h. ~rustees mey hold meetings in suoh plaoes and at suoh times bS they may determine.
and stated meetings Bhall be Meld from time to time upon the o~ll of the President or 0 major-
ity of the Truste6B.
2. A majority of the Board constitutes a quorum. and the oonOurrenoe of all the ~rustee6
shall not be neoessary to the validity ~f Lny aotion done by them, but the wish of the major-
ity present and by voting shell be oonoluelve evidence, except al herein specifioally provid-
ed.
3. Tn. ~rustees may make. adopt. emend or repe&l such by-laws. rules end regulations.not
inoonsistent with tte terms in thie instrument. &s they may deem neoessary or desirable for
the oonduot of th€ir business. or :for the governu.nt of themselves. their servbnts. egents
or representotives.
ARTICLE IV.
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1. The trustees shall annually elect from among their number 0 President and ~ecretary
of their Board, and may 61so annuElly elect from their number or other shsreholders. a Vioe-
President snd Treasurer; The Secretary end Treasurer may be the sares rersoni
2. They shall ~ave power to appoint 6 genen.l m&n6ger, and suoh other offioers. agents.
attorneys or emplo~ee~, e8 they msy deem neceseary bnd expedient;
3. ~he tr~fte€S shLll fix tte oompenBStion of all oflicers and ~gentSt end pay to them-
selves suoh oompensstion for their ser\"ioes as tLej' shell deem rec.soneble;
4. The trustees shell not be liable for errors of judgment. either in holding property
originally conveyed to ti~em. or in aoquiring end afterv:ard holding add! tional property. nor
for loss 'arising out of any investment. nor for any act, or omission to act. ~erformed or
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omitted by them in the execution of thir trust in good faith. nor shall they be liable for
~h. acts B~d omissions of each other. or of any offi::er, agent, eel'vant or person appointed
by them or aoting tor them. and they shell not be' obliged to give bond to secure the ~erform-
anol of this trust by them.
ARTICLB V.
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1. !he trustees shell issue certiflCctee in the truet estate for the par value of One
Hundred Dollers. to the persons contributing the trust estbte in proportion to their oontri-
butlons respeotively; suoh certifio~tes in the &g~reg6te not to exoeed five thousand doll&rs;
said issuo to me m6de in tte discretion of the truetees for oash or such other propertYi
2. As evidenoe of the ownership of suoh shbres. the trustees shall oause to be lsEued
for euch shareholder a negotiable oertifio~te. whloh shall be in form of:
Bumber-----
~------Sheres
STAHnAlU> YrlIWilllG COllPAHY.
C.,ITALIZATIOB 60 Shsres
Gentrel Offioes:
't~t Pieroe. 'la.
ThiB oertifies that-----------------------iB the holder of---------sheres in the o&pite1
of S'lJ.NDARD PRINTI1lG COIlPAllY. fully pklid and non-a8B1ssable. subJeot to Deolerat1on of 'l'rus'
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