Supplement to the St, John litvlow. Friday, Jww li, lSH
THE EQUAL RIGHTS COMPANY
Organized under the Bonville 99-Year System, is now most Successfully
Operating two Stores, one located at Corner of Jersey and Leavitt Sts., St.
Johns, Oregon, and the other at Lombard and Westanna Sts., Portland, Or.
BY-LAWS
BONVILLE
99-YEAR
SYSTEM
REVISED
Edited and Compiled
by
J. "W. Pearson and Others
J. O. Stcans, Jr.
Attorney and Counselor at Law of the
Portland, Oregon, Bar
(Vpyrlghled IT l'fk Itoidlle, 1010, 1011, IMS.
J'OnEWOItD.
Thla la an eg of, leuia each directing II. aim It tin
toltrrimHit f humanity, rnrli In ll manner lsit Unm
adjiiatlng I hi- illrtrreiicea ami (tin ending Hi bltlcr aim
between Capital aiHl tolr. ....
Ami Ihla oiMHta the- uar In a seelra uf dial. Intensely
thai, questions, tot us licrt brlelly consider one or Iwu
of theae.
Why la lint l,ator eallaltol wllli lla tirraent Ml What
U the reneou tohlml lla ilrrp ami abiding UUtruil of Hi
llll.llieaa. Ml callr.lt
It w ran loral I ho prlmo tea win w then bar lb
krjr lu I ho Industrial alluatlon, ami arc In a pnalllon lii
suggest a tan ami, Irl ua hope, a eall.fadnry solution,
After yeare of eludy ami liillmal. naaoclallun Willi all
rlaaeca ami conditions of people, I'rank lloavllle. origin
alur of Hi. Ily-towa of lit IIjitIIIo W'Vur rlyalrtii, has
leached a eeleutlllc auluilnn to thla great economic problem,
a iHilullan baeed iiihiu ludlepulatd racla, adduced (ram a
far-rrarhlug aualjsle -of liiiman tiatiir and human Imtllu
tlona. That atock gambling ami stock watering, together with
Illicit combinations of capital, commonly denominated
"trusts," ami kindred evils growing vut or Hi preaeut
methods of luaiiipiitalliig lam cotiitduelhiiia of pl
la. ant at Hut rout of torlal IHe-awl lit rauae ufapreaeuls. -'ilar'
Imlmlrlal unrrat, la lr. llonrlllaVunatokehle tout to
A nil tohlml thla conviction lira a inata of facta ami fig
tirra gathered fruni every conceivable source. In I heir ag
gregate ao hug that volume would li required fur Ihelr
recording.
Ana w I'rank Itaavllte airs. "I'ut an end to stork train
ff rrliiar. ami thus imhI alork gambling " 1'uc If a wan .
Hot aril lila alock. It neeeeeerlly fellowa tint be eauuvt
speculate, or In other words, gawhl with It.
(Ilia eiery uiau a ebanee to acquire aleak In paring ei
terprleea ami thereby put au end lu IhU steady areuniula
lieu of eapllal by tit. favored few; Ibl gradual eeulralt
a I Ian or lb lurtlluui of eat haute Into lb. bauds ef a
bait doieti unscrupulous money ktoga. Make Ib par value
of alock oh. dollar r store, ami atrlalljr fufbUI lla Mut
obi fur vlibvr HMD or Ium.
'ItHia Hit It Hllblli tba lmc of aiNX lra to iHVral
tuiall auiua frwil Hut la llluc at wwwrtoalll' vttM.
rWI aalil I hi inr rHt or lb capital aluck uf f.J
roriHirallwi fwr lu tfuMuilrr'a aliara lot tbla atiOico for
bla oriaulialluu fr. Klnra b raooul aUI bla alofk, but
luuat itciMMUl for bla financial rvtuma uiw illtldawU aria
Inar tbcrcfrom. It folloM a a waltac of wir tbal bla
tOorta Mill b dlrrclwl lowanl Imllluial mla for b oan
uot lar I ho "(reran out" nam au ruiitiuou lu bualuwa
Uf. lola)r, nor rati b trab ami aril flfijr r nut of tb
capllal alock aa irouwlrra abarv, ami than atbl out from
uuilur ami lra tliu aiuall alockbolilvr wlib oul a Morlk
lea bit of gilt ilcvoraloil ivr to abow fur lila uioucjr.
A careful (wruaal uf b follow Ink lljr ljwa Hill con
line lh uorrJuillcvlyrcailrr tbal a uulwaal. or arcu a
uatloa-wldo, adoption of lb. llouillla Hjalrm of oricaultluii
corporatloua, la aur to roault lu notblkK but au Imlualrlal
aliil itoclal Uiftluir, aluro a Wore aau and r-ullall dla
trlbullou of HrallU would luvvllabljr follow a auporraaiaii
of alock gambling and lla bord of altaadaut trlla, wblflt
lbaa lljr-ljixa cbvck at ttttf turn.
Tb reader will alxi olwcrvo tbat lb. Ikiuur wU la
bandied lu a moat uuljuo. tbougb mllrcly alwiil luauucr,
lio uucb for a grfilua for cl.ar lualgbt lulu lb troubled
ovrau ot buuau HoakuoaMM aud luUumWrataudiuga,
Head, aluJr tb followlug Hum rarvfutljr, couipir wbat
Jou bato read wlib jvut omu eiwrlua, aud Ibeu pata
udgiuent uiwii tbla a). turn.
.SorU lTio Ural vwrtorallou a.lontlug tb Iloovllla 1)9
lear Nralrui lljr Ijma naa orvauUn lu tb Stat of Ore
gou, MarcU b', 1013.
CODE Or BY-LAWS
of tba
COMPANY
Organlatd umlar and by vlrtua of tb
Aftar tka aala af tb. flrat four par cant ot th capital
atack of tbla Corapanjr, tka bajaoc, or lat alltr par cant
thereof, akall bite a, ipeclHid Umltatlau ou tb. laraatt In
eaatmant tbat can t. mad. therein br any one peraon. All
of th atock af thla Compnr ahall be aeld atrictl at par
value, and tan per cant thereof ahall be allowed the pro
neteia of thla Compear for their acrricea in orgaaiiiog the
aame. All atock laired ahall be en a common baali, non
aaaeiaable, nen-uilg nable and noa-tranaferablo for a period
of nlnetr-nine jaara from data of iiiue, ear. aa it mar
pan br the lawa or deaeont and dlitributlen, or br deeiie.
The par ralua of th atock of thla Couiranr ahall be
one dollar par ahare,
, No cartiScaU of atock ahall be lnued until th aame
ahall hare been fullr paid. ,
No Uatallmont payment ahall b allowed,
All atock cartilcatea ahall bar. plalnlr printed thereon
the following conditional That auch atock la non-estate-able,
and nen-eulgaable, and la non-traatferable for ninety
nine yearai that dlTidtnda ahall bo allawed and paid only
to the perion to whom aald atock It itaued, or to bit belli
or aiTiieca, and that laid atock la fully paid for,
DEFINITIONS,
In thee, lly Mwa. unleaa the context Indlcalra differ
ently, the follow; cipreaalona bar tbia weaning: Tb
"Syateut" uieana tbe "Honrillo Ninety-ulna Year Non
Tranarerablo Uytteuii" and tb "Couipany" meaua tb.
" ' Company."
Wordt Imnlylog tbe lua.cullue gender aball alao apply to
tb. friululuc. Word Implying on neraou or Iblug aball
apply to tbo majority of that data, aud conreraely. "lilr
Idcnd" meana all accumuUtlou of money over aud aboeo
the general cieuae aud tbo amouut received for alork
and tbo auni or auma aet ailda by thee. Ily-Iwa to tb
aoreral fundi. "1'romoter" meant tbat direct lufluenc
wblcb forwarda tbo organliatlon of a company: wbeiber It
roualeta of oua or more men or a combination ft ineu
bound together by mutual lutereala la Immaterial, pro
viding tbat tbo loteryat ao working ahall oUerte tbe rule
aud rratrlctloua of tbeae lly Ma iu tb mlnuteit detail)
wlib tbo umlerataudlog tbat any luKrrata one engaged In
lb promotlou of tblaorgaulaatlou aball bar no recourse
whereby to add to tbelr nombera: and that tbla Intereat
aball recelr lu payment for Ita arrrlcea ten per cent of
tbe capital atock aa herein nroTlded,
ARTICLE I.
Officait and Stockholders.
Section 1. Tbe cororalo power of thla Company aro
and aball be retted lu a Hoard of Dlrectora (who ahall be
atuckuoldrre ot tbe Company, eicept aucb powera aa aro
reamed by tbeae lly Lawa to bo eierclaed by tbo Company
aa a whole. Tbe corporators preaeut at tbo flrat meetlog
aball be luipectora of tbo election, and aball certify wbo
were elected Director, and mutt appoint lb. time ami tbe '
place of tb. first Dlrectora' meetlog. Bald lioard of Dl
rectora and the election of the same aball be gorerned by
tbo reading of tbeao lly-Lawa.
Sec, 3. Tbla Company does and aball eoneltt of atock
boldrra wbo shall bar. purchased on. or more abarea ot
tbla Company'a capital atock.
Sec. 3. In all cates of aalea of atock by thla Company
tb purcbaaer aball algn tbeae lly-Lawa, wblcb algnlng
ahall conttltut a contract between the purcbater and tbla
Company.
ARTICLE II.
Adjainiitratiott.
Section 1. Tbe officers of tbt Company aball oonalat of
a lioard of aeren Dlrectora, no more, no lest, a Vlce-l'rea.
Ident, a Secretary, a Treaaurer, and ooe Auditor: tb
I'retldent and tbe Vlca-1'retldent to bo chosen from tb.
lioard of Dlrectora. The Treaturer shall be selected by a
majority of the lioard ot Directors. Tbo President ahall
appoint a Finance Committee constating ot three membera
of lbs Board of Dlrectora. Tbe I'retldent. Vice I'rf aldent,
Auditor and Treaturer or any member ot th. Hoard ot Di
rector! may be remcred from office at any time by a role
representing two-tblrdt of tbe atock ot (be Company at
any riwtllng ef (he Umpiny, cr br i rperlat meeting of
ft jBfnpaHy. If tMllr.1 tit tbat u7aet .
art, r. il IKrrctxra aball be elrctrjUfw a tern) of,
one feata f Until tiiHr aucrraanra bat Iwu elrcli-d. and
liite iniallneal. A (leurral ilanager ahtll i etrrlrl !
Ilie Iiirpe4r l arrt at tbelr pleaaur. 11w tteujr.al
laoa(rr shall net be dlaehatgnl eicept Umi a roncufa
reury of fwir or tb lllrrrluea or an action ot tot retire"
arniTng twu-lblrda t lb aturk of Hi Conipauy at any
item-rel loerllog Ihnrof, -r by special inrt-llng of I lie
Uwtnpaiiy If oallnl fr that purmr.
m, 3, 'lb lllrrctore ahall cli. tb I'rrahtent ami
Vtryl'rralilciil for a Irrin of one? irar.
ftrr. I, Tbo Auditor ahall to circled by lb Obuipany
for a Irriu of on year.
rr, ti, Tb lilrrclore shall einplny a Hecrrlary la
rrie at the pleasure of II" Heard.
ARTICLE III.
Cutlet of Omceri,
rWllon I. Tb I'rraldent aball prralde at all meelhigt
(f lb Utmitliy, and alau or lb Hoard or Dltrcturat bo
aball algn all rcrlltiealre or stuck, cvnlrecle ami l-iii(ey;
aiicea, alai document a or agrreuienta tbal tbo Hoard ir
Dlirelora may by rrmdiillon riulre hi in In algn) ami aU-i
the inlnutr-a or lb rvrrvdinge or all inretliiga or III
lnivany ami Dlrvclors. II shall bat tbe itKludy of lb
Immla of all the orUcera and euiployre under U.id, etcept
bla uniii, wblrli aball to Bird with tb Hccrviary. II
ahall han Ilia ileebllng role In raa of tie. In Hi all
wiw of lb I'rralilcnl. th Vlco I'naldeiil aball l-elferlil
lira ilullen.
S, Tbo Hecrrlary ahall keep In proper l-ka full
ami preeiae in I ml lea of all ot the prurrrdluge of tbo tVin
PanJ ami ll.iatil ot Dlrectora, II shall cwmleralgu all
a til flea Ira of slink, rwitraela, contvyancea, docuineiita aud
mftrrtiiMitai and shall n-rfriii all dutlm t I ulnar lu bla
fine ami audi other Uutlea at lb Hoard uf Dlrectora may
rniiirv.
nee.
3. Th Tiraaurcr aball to apMnleil by ami auli-
la Hoard of Dlrectura. Ilia dulli-e aball to lire
Jeel Iw
eetllieil by that laly.
rtec. 4, A majority ot lb Hoard ot Dlrectora alia I
cwttatliut a unoriiiii. A concurrence of tour Dlrrelot aball
to nretwaary for llm transaction of all bualueao liiTtdring '
I to etpemliliir of money, or I ho election of Hi oltlrr-ra,
Mr, 4. 11i abaeoce of a Director lualeaa from an
linalvMabi eauae, to to paaml Uni by a iiialertly of lb
Dlleelorai for Hire succvaslt Inevlliigt aball to ileeluiil
In to ami aball art aa a realgnalloni whereupon lb III
leeiora shall irncvnl In till audi vacancy until lb lietl
trgular Hireling of lb Cuuipauy.
rV. U. 'lh Amlllor shall audit tbo areminla of .tb
IVmpany ami see Ibat they aro correctly kept, ami ali4ll
lay torero r-aili iuarlrrly uirvling or tb lloanl algnnt
alatriiieiil of lb lecelpia ami illaUirariniHita and of tu
artalra or lb I'ompany alucv the last Hireling ami l noi
lit Mu at the che or tb quarter, lliery line iiiiMtbt
lie shall audit a balance abort allowing I ho aaele ami lla
I'll 1 1 lea of tbo tViiipany. II shall bar authority In call
for ami etaniU all records, touchers, iaiera ami ilncii
liiruta tolciigliig to tbo linnpanr.
AUTIOIX IV.
Th rower, Iletlrlcllen and Uutlea ef th Director are
and ahall bet
SrclliHi I. Tit colleen all regular ineellnga of tb
Company ami to call special Hirelings thrrruf upon lb
wrlllru ri'tural of on third of tb shareholder of aald
Ifiiniplliy, or when ilccuird iircraaary. Nollco or all luce I
luga of the Company ahall to am I lu each member by lb
Hivretary,
rlrti, -'. To apMlnt ami bato full control of audi aub
iHdliiaio agrula, eluplnyea or orllcera aa tb bualneaa of
tbla Company may rtulr llnrludlug alau the major cm
Cera In all uiallera mil proildril fur lu tbeae llr-towa),
Heart I ho tbelr dullr, Ua tbelr rouiriiaalloii and rniulr ''
(tout rtrry perwu epiioluted to auy uttlco or employment
haling lb recvlpt, inauageuieiit or eipemllluro of monily, .
agwudai or, things of value on lb an-ounla ot thla iViin-,
liauyrramU eecuilly aa' lh Hoard vf Dlreclora may ileeui' '
Iircraaary.
Hm. 3. Tu make rulra for lh management of lb
Ouipeiiy ami braurtoa ot tb buslueaa lu wblcb tbla On
pany may rugag.
ntv. i. I ruler Into any ami all lawful ronlrarla or
ddlgaltuua rullal l.i tbo Irauaariluu of tb iNiiiipauy'a
atlalra for lb foreiaidiug or tbo iurHHea for wblrli It
woa fwmed.
He. . To trad, toy, sell ami eiehante.
Kee. 0. Tu perfuiui ami do all other acta ueceeaarr t
to ibm for lb tuna ef rarrylug Into erleet tb objeet
or object far wblcb Ibl CoiHy la formed.
H. T. Tu art an all grirrancee and rumplalnta, TV)
eoMalder and deter will, the meella ami Jim I lee ot etasii
rjec. B. Tu allrml all inevlluga of I ha Cmnpanr,
fee. P. 'In eau.e lu to kept a complete rrewrd of all
irauellaaH ami luuirealliiga of tb Omupauy.
Kre. IU. Tu IramHiel all Imalueaa for ami lu the Oaw
H 'a uaiue, ami lb legal aria ami order under lb
totter drlegaird l them, .ball have lb aame pewer "1
erTeet aa II they were tbe aria of majority of I lie aloak
bold era ef tb louiHy at general meetlutf Ibi-rrof.
Hri. II. 'In cau.e all an-ounla of tb bualneaa narrlol
Mt for tto t'uMipaoy In to regularly riilrrrd lu Ibe pret
tookt.
Hrf. 13. Tu remlrr tto stockholder or Ibis Company
a full rriiert otery months, shewing I to rc-
Ipla, ill.lmraeinejl.. elc.. iluilug Ibat -rrl..l, the same
lu bo accouiNiulel by the (leurral lauagrre luontbly aud
quarterly lr-rla In Hie Hoard,
(rc. lit. Tu auuiially lake lutrulory of tbe alock of
the OMiipauy ami tuhuilt elalrmeul ot tbe aam. wlfh
all tb iircraaary vouebcra up to tbe day of I lie
month, of lu each jcar. In to
mad out ami laid before Ibe Amlllor uot leaa Ihau there
day torero tbo rrgular annual mrrllng of the Unmpauy.
U II. Jo auperilae all ottlc-ra and eiuplejea of tb
IVinpaiiy, aifl lajar tbat their dullra are properly per
formed. He. It. To eft galde such fuudt ga may to deemed
MaMpMaTTa
"fec Id. Tu til ami declare dlfldeada out of the proflli.
In lb lutal ami mantw brrrlu prorldol.
He. IT. To fill vaeauelra nceurlng In Ihelr own num
tor until Ibe first rrgular auuual meeting following audi
vaeauey,
ARTICLE V.
Mailings,
Section 1. The tegular inettluga of tbe Hoard of Di
rectors shall be bold ou tbe lay ot earb
inoulh at tto prludpal plac of bualneaa of this Company.
Kpeolal meeltnga of Ibe Hoard may to brld on the written
rail of tb I'rratdeut, or upon rniueet of tbe majority
of the Hoard upou police lu all ciaea of at leait meuly
four toora.
See, J. The regular meellngt of tbla, Company shall
to held ou the day In lb month of
of rafli ear at the principal plaro of liualuess, wblth
inrrlUg aball to I he regular auuual election meetlog of
lb (Viiiwuy.
K.i 3. A apeclil meeting at lb Company may to
relleil by tbe Hoard of Dlreclora, or on the wrlllru iet
llou of uue or more persona wbo severally or jolully rep
resent not loss Ihau ten per reut of tbe Block of Ibe (Vmu
pany, thirty days' notice tolug miulrnl In el I her aa
and such rail ahall dearly a forth the object of 'the
special meeting.
Kro. i, A iunruui at a etockholdrre meellog ahall con
slat of Iboao larraous who rrpreaeut through IhHr cmbloel
lieldlugt tMO-lhlrda ot the J'tld up stork of the Ikuipau)'.
fieci. S. Tbo I'liianco Committee sbtll meet at least
monthly aud rtamlue all bills contracted by or through Hie
autbarlty of tbo (leurral Manager, and make a thorough
ipveatlgallou of Ibe affaire of lb Company aud report tu
Ibe Hoard of Dlrectora.
ARTICLE VI.
Election!. -
Section 1. r.lectloni of officers shall to held on I he
regular election day In , aald mouth
tolug the lut moutb of tbe last quarter ot tb fiacal year
of title Oeiupany.
AU election to fill t vacancy shall to beld at tbo reg
ular mod lug ot tbo Company following aueb vacancy.
Sec. S. All dectloua ot tbe officers of tbo Hpinpauy,
not otberwlao provided for brreln. shsll to by ballot, and
a majority of volet cut pro rata to tbe amount of stock
voted, shall to required to elect.
Her. 3. Ou tbe first day of of earh
year tbe Secretary ahall tend a Hat or the pamea ami ad
ilresaeo of all of tbo stockholders In tbe Company, aud a
notification to all stockholders therein of the officers tu
to elected at tbe regular annual meeting; he aball alao
rucjoae a nominating blank upon which a stockholder may
nominate one member for each officer to to electnt, whtcu
to to a valid uomlnallou and entitled to to on Ibe elec
tion ballot nual to receded by tbe Secretary or tbe (Soiu
pany at leaat tlity daya prior to tbe convening of tbe
aald auuual meellug.
See. 4. Upon tto day of
of each year the Hoard shall receive tbe noinlnatlone made
by be Btockholdera. and cause the Secretary to print a
voting ticket with the namea of all regular nominees for
earb office designated; and send tbe same to earb stock
holder In tbe Cofiipanr, at least thirty daya prior to said
election, and with said ballot shall to enclosed an enve
lope addressed to the Secretary of tbe Company.
Sec. S. Tbe ballots baring been duly prepared, shall
to drawn out In auccrtslon and atauiprd with numbers, to
tbat no two shall bear tto aame number.
Sec. B. (Election provisions.) In case the election of
officers shall not take place Un tbe day filed by these
lly-Lawa. It shall to tbe duty of tb. Hoard to give notice
of an election to -take place aa too a thereafter as prac
ticable, and In tucb case tbe officers of tbe Company shill
remain In office until auch election la beld and Ibelr auo.
ceaaoFa qualified.
Sec. 7. At the meeting of tb Hoard prevloua lo tb.
annual election an Election Committee consisting of three
shall to appointed by tbe Hoard from tb Binrkhelder
outside of tbelr own body, to qualify aod Install the offi
cer electr1. It shall to the duty of aald committee to
see that all of Ibe provlalona of the Hy-Lawe relative ta
tbe election of otfirera are carried out. and to formally
administer tbe following obligation to each officer-elect at
th annual meetlog, or within two weeks, thereaftert "I.
uavlog been duly
elected to tb office of aald
ot tb. , ., , Company
v -
Obm iittL 7 BH"jLy"5W. SLaTST JLJ3Ba15
fSBES. 1L"'JJ!BLJ K9 31 -
le''NaiiaVs!'jfl
MejU't?
Tto a Wee uWlgellaM toeing torn iMr adMfn-
Maaett. al tto laerll at, sta-aliw tosaa- otttet-
Watej q
lea). HH to leMtaioa ittjiy I4(nel ami stoH
atatev M lb saarfviiiiaia)!; aat baa detbra ltonir4rat4y
iHeeisjieevi aiaa m irar !! et latmee iw quality wiiiihi
lh Wile ei the peeH ae rallrhg te
ansa i
dta staall
efen nrwH Hi aleeltoi day
ireaw
wieiHiir audi okaMIwi
irM la)
Tie t4b
r a ll Hat.
. pre, IU. AbeeeH Hoc I. to Mace Ka let. by malllog thefr
iMltate. tlllali neliial and sealed, aabl toilet betHg auto
lllliaail With tto loleT'k Slaw aial ,iUi. aimI Ibe im.i.iIut
ef etftltlMiw ami store wbtcii to boots, ami addlMaawl
te lite Seetvtary of Ihla Cvotoany, Held let leva lUall to
opeeieil lu tto wo(r of tto leHeti a sal I to Heevetary.
iKrforaj i4etwdtlag the hM tollvl. tto tetleee aajd AetJte
tery atoll lecirj th teter'a altfualHre ami BlwkUeJbttag.
fresM tto Meemtary'a took of lu-towa a tad awniiila.
IHar. II. Tto pott atoll be ritl, toltoa rwtulwl ami
rtiMfM MiHvnaeeel by Ilea
reriiuN lotHmrtleu iu lb Xe
rate m ih HakteMee
AKTICLE VII,
i una a,
, ttoHtoi I. Tto Ml ot raptlal Meek ttoH ftMalllttl
lit geberal fund ot I Ida UMiMiir
AllTIcIfi VIII.
Mannar el Conducting llotlntii.
See I ww I. Tto lanlnaa u( toylmi and aelllHg rowi
lueaetlleM atoll to ivtoluctnl on a atrktly eaelt toil or
lla HiNtvaleHI.
.S atwk lea t Islet Cuwiauy aball to eieiiangeil for tot
eerie, adtleala or ottot romlHulllle uolll MteJi IMlrtKa.
eadtalrvwle or I'Hiiiiiallile toe been first apralil by lit
I'lieaure CotHMillee or Ibl ComtMNyi ami the aptifalaeH
tahiattoH lawl Ulwa) audi ilMI, collalrfahl or rami
lajwllttto by tto Mid I'lHam-e I'vwtHtlllr atoll to tto tosbt
ot Hall open wbldt atMli rtong la made.
Hre, S. tto Heard of Dlrectora ami Uewrral .Maoagtr
etoll frame ruiee fee Ibe ewmlucl of tto dally Uiatueaa of
tbla UewtuiH), ami II aball to Ito duly of tto Heard ot
Dlrevlvt I II v tto ewtipwuallou ot Ito empteiee ot tide
tompaoy,
r. i. Tto Heneral Manager atoll select ami engage
all e4iiplH)M, ami ahall lay audi appelHtuieuta tofore Ito
I 'I rod or. fur apptotal. Ho eliatl aaalgu to lb rtuprie
Ihelr rel-elll dot lee. lu r-aee of liriieol nervaall, Ito
lieorral Jl a nailer aball tor auttorily lu Hiitdoy alii ami
llml the OwuiMiiy tu y n rwaonabl wmpettaatleu tbH
rur, piotldlug tbo BBiii la dene under I ho protrtlout or
Ibea Hy-l.tH.
AKTIOLE IX.
. . ... . D'dilon or I'rontt.
heeltoi I. This Company shall declaro dltldHol on the
, day or Hi week ot
tbe UHHttlt lor luoulbai of (and
), afire Ural pajlHit th
rurieul rouae or lb t'empauy, unleaa olbrtwla pro
dded beriNiii and I ho he I pruttta arerulHg lu Una Coiiipany
lor said iiertol, alter audi current otpvuse bane nm
paid, ahall to divided aa folium; lirali Tbe Dirretor
or tbla UuuiiHiuy are MiipeMMrd to aet aald lulu iteu
tral tuml su muvli or Ibe net miming of any pertol at
I hey may dvvtn uovoaaary for furllieftug tto lutHoala or
or enlarging Ito oiiall or Ibl tkwiiiiy.
Mett, 3. 'lite tolauoe of the twt earHluga ef tbla Caw
I'sny, for verb period. If any liter to. shall to divided by
Ibe Dlrrelora bhhmiii tto slwktolder pro rata lu tto ttuui
tor of abate tobwglng lu eadt shareholder, retierUl4y.
.No tllvblvml aliall to declared uh any aluek twrrtoaed Willi
lu lb wrtol ot uue otoe Hi dor lu Ito ilay set asW tote
la for omHg tto ncrottula ot Ibl CoHiuy ami de
dating dlddetel on lla earnloaM.
ARTICLE X.
Limits te an indabtedatti,
Seetlsei 1. ThI lowpeoy shall keep In It Treeee
eweti fumla auWdrat tu ter auy and all itetd wMeb ft
may Itojtr Iw Ito Irauaat-lluu ef kasaleeea er eitofMbe.
Any MlgiilkMi wr otdiaiatiusM wbloli Ibl Uowpauy may
twririsH itoll to tully di-torat wltblai a nrtol eTulo!
ttey feeati tto euulraclltsg Ibeeeut.
, JW X. HorruwIuK by thU UNupauy U slrtedy
iiieiieiit
aod laelltor atull Ikla t'otsuaeur
BMsT Mot, la.ll ur ki Ha a ate. weroliiiui reeelM er amr
MaWMM Iwatteweot of a tea tore wlsalaawver, wit a aw
ICWM Itol Bwtsilitg ie Ibia seclow atoll to toM I abfte
gate It Hewer lo make and owdorae etocka, sn-alle. rl..
r lu lis Miaiatre vieltare.
. . ItecelHa atiall to miulred tor all Master (.
r
1-eo.le.l by tbla Uwhimh, ami aahl reveliua atoll to
lele, Ito etoledy eV the Aualllor; eedi reoeiM aaj
dl to HtiajH
laken
utait epeeiiy in iwtpuM rur wwdt ibe Hsuuvy waa v
IwMtol. llpilons aateli H "Keiaarel otite etpaii.se1'
auail uan oe luteeaietl.
ARTICLE XI.
Mlttellineoui,
Sec Itol I. aeaueie ovrarrlug Id tto elect I re Mil
of the Uotuiwny shall to llltol to Ito Itotnl vf Dkeeie,
subjeet to th apHuial ot Ito luMttwuy at lla wen regal-
tai wr at-eeMil meeiiwu.
.. "Tfr .tJ....T leee irKaeriew leaner hum er viriue ei
lb IIO.VVII.I.II w VI1AII HVrfrmi.'' atoll to rd oaT la
jawjuetleai with tto uae ut tbla I'niiiiiany. um all ef It
llletalure, adlellUlavg waller, ete., 4 oat all avlllleil iar
Willi) mailer wlttrk tbla' CMuiwHy uey eauae le to r
(tilatetl or iMItod.
See. X t mi eerh alotk reellfirale lasueil by lt)b Itoat
leuy aball to pduied riurda plainly aetllas forth tkal ike
eaute Is tteai-aiieaiabls. ii-aelgl4e and teas Irataafrr
able for a pertol ot uluety ado leer fretH tto listsaer
I tot eif, and that Ito laarrtoaer ibereuf nem In all ot
Ibe tvodltMMM ami reetrbctHMss, etprea aud IsaaslbM, In
tolled lu tto sole ot atoek by Ibl UietMaoy lo Um; and
II atoll to fttrtber stlpoUted lu writing itooat all eettM
viva ot alork litiunl lay Ihla t'oaujiauy I tot tto ewuer
I hereof atoll taut sell, Mortgage, pledge, aaelgn. dlapuaa of,
or allrtupt lu aell. ittortgage, pledge, Baelgu or dbuyeee ef,
auy ol bla right, till ur Interest tu ami Tu tto mm aturk,
er any of It. m that Ito aame, er any lelereel
Itorelu, atoll wot pauM tu a twt Iter, or oilier, tare lay V
viae or lu Ito tegular order ot daeceot and dUlrlaMllblN
uiimi tto deeeae of aald store owner. Her atoll lis
a a by opera I leo of law.
rU. t, Tto capital aluck ot tbla OowpaauT atoll cue
Sl ef adoety per rent of the Uawpeay'e alotk. and the
balance tleti wr reel) of Ito Cuwtauy'a alock atoll to
ami hereby I set aside aa tbe pruattUera' altar. AU et
Ibe atoek ot tbla CuwMny atoll to Issued oo a egaiatMtti
toala, aad atoll to aadtl eatlr at bar tabu-.
Sue. i. Tto ier value uf tbla UuaatMur'a atoek atoll
to ewe dollar per altar
and lu tto eient
that tbt uaan
pany H any of It rapllel tock. alitor above er toleur
Ibe liar vatae aa aet furtb liereln. it atoll fuefell te Mr.
I Tank lluutlllv. Ito owner of tto eupyrlgble eeverteg ito
subject mailer of tto Ikaavlll 10 Year riyalem. or te bla
ureeafura In Interest, all of lla rlgbla and wlellege of
oprrallug umler awl by ilrtuo of Ito Heuvllle Oil Vear Sjre
leiu. tto). u. Aflor tb Drat forty iwr rent of Ito t'omoaur a
alaatk
elude
atoll bate been sold, wiitclt forty er reut atoll ba
the liroauuteea' store, tlae tolatae at the
atoek. or lait alily mr reel thereof, atoll have a a peel fled
lliullat tori plaeed Uwu tbe large! uuiuber ut ttoree wWeri
may ve saioi iu any one person. jo luor titan eee
of stock lu Ibe last llily tier c-eot of thla Itouuaur'a
teto
Mid-
tal ateek, aa tofelntofere t forth, atoll to tatad le
auy ette ladliblwal person lu bla owu name ur for hit own
uaru ami to aur nereeu wltu ltaa letfebuml aitare AC
abaroa lu the first forty per rent of this Cuuipaity'e eepllal
atock, u share or abarea lu Ito last eiuy per cent thereof
shall to aolsl lu hi name oe to bla use.
See, T. 'Ito following rule shall to utwl a a ttaeta far
ilhidlug ami distributing tto store of atock of tbla Oam
pany Inlu ttotr rwctlve elaaaee awl In dlapuxlug af tto
atoek lu aahl el a nan: Of tto I aat aiity per cent ef tto
capital alock of Ibia Cuuiiiaar no peraoH itoll pttrettat
mare than one all haindredlb (1 GUO) part ttoreef.
nee. H. lu Ito eient of tbla Coinutuy enlarging It
cepllalliatloai, aucb euUrgeuuiat atoll to oueeled qaeler
ami In wwfurwlty to tto rulee awl rvgulatlosta at I tote
lly Laws, tbat la lo tay:
No rsu who la already a alockholder In tb Cuwany
shall to alUmeal to purctoae for bla own ua or I u 14 own
lit mo any store er store of alock touted upon eaatlt eav
Itrgement, but the new Issue of slock on aueb eulargeiitetit
ahall to told umler Ito pre deli heretofore bum In
Ibeae Hy-towa ami ouly to person baring no store er
Intereat lu tbe varulug of Ihla Ouinpaur at tto lime of
such eoIargeiM-ut, el I tor by direct uurcbaao or by virtue
of tto lawa of deeceut and dlatrlbutloo. or by devlee.
Nolblug herein cool a load shall to t-ouatroed lo prevent
tbla CatMiuaur front eonaolblallag wlib auoltor eaautauaur or
inwiiilee or Haul led under ami by virtue of th HON-
VILLI! bv-Yr.AU n VSTr.iI. lu Ibe erout that a
atelerlly
Haul er
of Ibe atoekboldor of I hit Coiuitaur. at anr auH
apeelil meeting, eijiroaa by vote a tlealr so to de. Hut
lu tto event uf Ihla Company ao couaolhlallng, all eertlfi
ralea of atoek atoll to recalled and new certificate leaned
to each aharetolder In tbla 1'wupauy lor. lu tto event Itol
IhU UuMtpany'a ludlildualllr la merged lu tto eernetle
name of Ibe eoinpauy or euuipaulee wllli wblcb It eoeiall
date, to each tharetoUlor In audi eomiiauy). and Ito nil tu
tor of abareat ao leaved atoll to eriual to tto ruinator ef
stoma of belli (or all I ot such roanpanle ao eatataeiliUtiBg.
tofere a merger, tare In tto eieat ef bh ealargeejeeat tt
rapilalUalleu, wbeu Ito rule hereinbefore laid down aball
gotern,
Krfl. 0. Tbla Oeupany itoll not losue boads for any
luritae wtotatwtor.
KeC 10. Ifatlll euwb and every store ef tbe cajBllal
alock f tUU Oewpeny la told awl dUisMwl of. It aton to
the duty ef Ito Heard of IMreeioit to keep Metii iloek
epoo Ito market aetl te adrerllae the aame fee lale Ifl the
aufwtuatier tovlag (be large! general atreutatlou anil wblelt
tt priuird and publiihed wlib the grealacl tHumtmf. In
or aa uear ta I tie oily (or towu) In whlih thla Qeuipany
os eterr alilr data.
m ft eamtel Mook Ibta ItonDlsr
ialeal anr persen lieeauae ef rate.
I, seAjeet te tbe prfvlatant hereh
sell slwk te an natural pereeo ef
ejBBawt Hstol and lawful age wbo ahall apply far tbe asm
etal teenier Ito saereuaae wire thereof.
See. !. It atoll to Ito dHly ef every peraeri buyt-ng
ateek In IMs tamtaay In algn tbeae lly-l.awe In tb
a-e mf hot leet tban twe wllneaaea, and audi algnlng
tllsrlo an abantnle rontraet I -el weed Ibe atoek
! tbla t'eutitany, ami It shall to ami hereby la
ami aarreal or ami totwreri tbla Cemuihr and
reeey stondietiier beren. that totere any ahtrr
ell to entlltol to a cert I Ilea I e or stork. It ahall
le Hih) lotnwany e elatemeeit remaining Ih nam
Hotel lime, addreea or each ami cveer rptpora-
tbm eeaMolaer ttndee ami br virtue ef tb HanvlTle mi Year
SfaleM wberrln sueli person owns stHrk. ami the numtor
ef storm ot alork tbat to own In such rsrtMralhm or
rvanrn I Nstea.
And It anr stoidoddrr of Ihla Unmnanr ahall to a
atoreliebler In any other rvrp-traltoi or ewrueralratia or
gaHtaed under ami by virtue ot tbe llnnvlll I'd ear Sra
teen, and It tto earnings of his slnck In tbla Com piny rr
any ratordar year, wlowi aiblr.1 to Ito rarnlnga ol aueli
ottor ewrpeeslbm or FutiuralbMta for I hat calendar year
atoll etreetl Ilial.lsal. then ami In tint eient stub share
mateVr etoil toy In Ito Treaaurer ef lb Slat wherein be
llto storetobleri la ibewlrltot, all proflla ao arising In
etreea of the Mid IHM.taat, Ami In the event of the fall
We of a Hie-ktolcW In comply wllli Ih allntallen a tore
art ferlh. to alia 1 1 forfeit all of Ida right, till, and In-
it-real In ami In any pcelta arlalng lrm Ilia alork In Ibta
!" for lite iwn ea lemur jeara neti aucrcoiing in
or ma osHieeieei in ratenpiv llierrin. Ami niea
teny la empowered In reiilre from any alnekliebler
in eworn statement selling for lh tbe nam ef earn
and every riwooralhrn organised umler ami by virtu of
lb Ibaatlll Ml Year Hrstrm In whb-li to la a alockholder.
Ito linen (I nice of Ito aame. lint numtor ef alnrra thai be
imfcla Ih recti, when imrrhaatal, ami I he illvMcmla ileclirnl
ttorrnn for any e.erliVd erlt. of lime. Ami In Ih event
nf nay etoretobrer rrfttlng In remlrr unln thla Company
mm4i atalMHrnl wllbln ninety dara after a demand there
for. Ibl Company aball ami la hereby aultorltrd In wllli
ImIiI from aueb atorelodder all dlvblemla arlalng iiihhi hie
atoek in Ihla Company, ami In turn lh aame Inln lla gen
eral Ireweury, lit to rrdleirlhuled. pro rata, amongst the
several atorrioddeca Ihere-if Ami earb ami every slock
lieMer algnlng I lie, lly towa bv that aet agrees In rami
dy wllli recti ami etery provlalmi herein set forlli and
a HI Under t,a tswepauy In wlthtold from blin and In ap
lewiirtale In lla Tera.ilry for redtatrlbulbm anwngil lla
aewal sbareltoblrr all nf the prorlta arlalng nn bla hbl
iwa lierrlii for a iwrlml or two yeara lint iiircccllng
llw dleerwrrr nf aiirli Iramgrraslmi ....
Anr atoreloibler violating the aplrlt nr Intent of Ibeaei
lly-tow shall by such dm a I Inn forfeit all of Ida rlyhl.
till ami Inleroal In and In anr "'! all earnings wlt'eli
may error- mi hie alock III Ihla Company, tor and during
tto pertol In which audi violation waa mutnilllrd. Nor
baa Ibia t'ompanr power In amend or In any way rhang
lliear lly too iluilug a erlod of nlnelr-nln veara frnm
to dsle or the lmrprailrm thereof without first obtain
ing Ito cooeenl of me owner, nr owner, nf ln eere
light rnrerlng lb subject mailer f Ito llnnvllle tiO-Xear
Nei-Trainreralir Hyalein and lb revocable vole nr. Hirer,
rattrlto of Ito alnrklmldera nf Ihla Company; and In tb
rvreit of lla ba doing, or alleniptlng an tu dn, without firal
aldaloliHC anrli conariit. II aball forfeit al af lla rlglila
Mai uelttlere r oieraliiiB . under ami br virtue of the
llimvlllr l Year Hyslem ami ahall sublart llaeir to dlaae.
MUm al Ito Inalanro and oplbin of tbo atate wherein II
vma ereaMietl, ami shall br audi arl nr aria become lla
14 In l"rHk lleevlll. Ibe owner nf lh rivdgha reiver
leg Ito stibjert mailer of Hi Ibmvtll 00 Year H'detti.
lit tole. deileree or sucrreat. In th aunt ef IIO.IssI
a HdHldalrd ilamagr. ami In n Ilk sum In lb alate
herein II waa organlie.1: and br lb" adatdlon of Hire
lly tow Ikla (Wpanr ami tbo ahareloddera lliereof la,
aaal are. ftrer raliuoetl from denying lis, and tbelr,
llaMlfly for n viola I loo or viola I lent ef lb ardrll er In
tent ef Itoe Ur tow. ,
See I. Tit a OoerxHr ahall loit elL nr nrTer far Bale,
nr Intadrallng laMor. rirrtd for medMnal puriwsee, ami
Use Mir when Ito tmrrliaaee atoll firal pruenl an ejeder
or btrerelpllon foe Ito samr. tlgnetl br a rewMlal
tabt Idifel-
rlan; amr atoll Ibl Ceaiminr sell or offer for ale. any
I -- wLlrli
li la gew
genrrallv ildeeetool and Itarm-
fei to BterateM Heine; II. eiceol for howInHmI tmrimwe. sod
Ibe) nalr wtoM Ito pttretoaer ahall Mrt pratent an ertler
nr weeerlpthm foe Ito aame. signed by a refmlsW pltfel
rlan: nor aball ibl ('owor grant, torgaln. sell, aeejgtt,
leea. rml nr anblrl tu any tieeswi. rwwrtaHr. etrlsai.
e swrtsimtilp or aaanrlalban of perenn of anr natef wtol
aortee, any crownd prrmlar nr pretmety lawVatglttg le er
H inter tto ranlrnl nt this Companr, nntota liter to firel a
written meeotiMMit totwreri Ihla Oeotpany ami awl, grenteei.
torealoee, trrtoarr. aselgnee. vender, leeare ret.e er
snidYsase. Awl Ito aald agreement ahall easnlaln a prlntetl
or wdtle rlanee foeMldlMg Ito aale. er alter ef aal. m
aajrh etosHola, perwlae nr prot-wty nf anr Inlaiteallog
letaaar or any drne. Ito ihw of wldrb la generally delrlertoet
aaal tormfwl lo Ito pec. .ma iialeg II. etreol far medUdojal
loHpaiss. awl I too nnly wtoti Ito purchaser atoll Hol
an eraser or trrarrldlwi for Ito aam elgned by a reiHilaM
idijreMnni awl making one violation of stwli clause mult
rlenl gretjeil for tto forfeiture of all Ito right, title ami
Inteeeet which sorb person or pereona an vbslatlug tto lal
war I tare
lu aur grtntmls. oreutlaoa, or ttfetwrty,
arajalred frmu
tbla I'ouinetty In any of Ito manner berr-
Intofaee set forth or otlterwiae. Awl In Ito event ef a
eUiallaat ILat I Ikjenr er draff, or eltberl rlauao In Bald
agreement in to as written awl contained. It ahall to Ito
duly of Ihla Cowpeuy lo Inalllntr ami (weveerule In luJg
MaMlt a tenia tide aull or arl tot far Ito imrttoa ef a reel log
lla emtreet br wblrli saeli gruusola preaifaee or (aroetatty,
ar aay baler eat Itoeela. waa rwteeyed le Ito I tea an er of
awaa ae vlolallng tto aald aarermeot: ami le tote all ei
Hsrh pi rami nr perxMsa' right. Hike and Inteeeet te aaal 111
Barb jrretraate. perm I see nr property declared forfslldl le
thht Cetauaaor. And If Ibl' few pa nr atoll fall le prae
e(e n suit ar art tot for Ito violation of tto mM agrre
Htewl ee toerlntofaee aet forth, wllbln a reesonabl llote
aflor Ito offense to laaen lieeught ta lla atleoltoi ttost
awl lu Itol eot It aball toenaaa tto duly awl MlrllM
ef any stark buhUr In Ikla CoatHMoy lu eeiniail Ito IHfeetera
ef Ike Cowratay iby die awl peeer legal proeeeillage) te
priateenl tto said aull or aellou for awl In totolf ef lltM
rtaaaatany.
Her. II. At Ito first Dlreclora' meeting of Ihla Oam
kauy. tto blanka left lierrln atoll to Bundled wllli Ito
itersssary nausea, dalea. figure, ele.
aW 1.1 Thla Ceanueny way at any Urate to dleeelteal
by I brer fiMtrtto veto ef lla slockhoMera,
He. IU In Ito event of this (luutpanr far ovulating
lly towa audllary torde, eueli auilllary lly-ljawe stoTl
ami rmriteteae Ito atdilt or Intent of Itoe Hy-towa aaal
ahall be ajsjiaitoj tore I u and dtall ttoat fafn n Ptarl aaal
roallneallon of and In llmee lly towa. and dull to atjb
arrltoal la the ataunrr awl style berelntoter set farlh.
lawa III towa auall b baa leal iota a won. tegwijar
with
the atrtllierr lly towa iterete. ir any there he, au
keek ahall to furnlatoil br title Clem pair for Ibe
sure
Hwlyajrp
ate art roelli herein.
On Ito loner left-toml eorner ef eateb
awl
tit.
every be af II r towa of tills Ceotitaay. itoll la nrk
every w
liX""
-'.-upyiignieu ny rrtua tiauviiie, iniu.
Vailng by peeir aball net be allawed.
I errneaing er lagief ever na ewe as act
by teJe UeBi-
peel'
hi nlDfeenll- Itredifldled.
Altltt.l,a. Att,
Order of llutlniii.
Seel Ion 1. The urdec ef buslneae for a general meeting
nf the CaBBpanr and IHreeteta thell tor
I. Oalllag te order. Hell rail of offieera, Dlretlera
awl alarklislilirs.
. lleaaUng Ito wlnulee ef Ito prevtoM meeting,
S. Ilenurl of altkere.
4.
Ilesuwt at tto riuiitnllttn i
faaaalderallou of eeauplaiuta ami grle ranees,
0. inert lost et olUeert.
7. Apiiolnllug eemmlllMM,
ft. I'kAntatod bail files.
8. New bttslbeea.
10. laalaUallou of effieere.
II lleouarka. .tdjofireioeeit.
We. Ito umieralgneil Dlreeter ami aleckbeldera of tbt.
Up
Ooutiiaay do hereby feillfy ttoV ibe' 'foregoing iiv-taws
are lb lly towa of ihla Cosunanr. which ta erganltetl uwler
aud by vlrliMi of the I loo till Oo-Year Syilwu. and Inesr.
poraleil uwlrr Ito lawa of (ho Stale or
and Ibat llteer lit Ian a hate been adopted by the stock
holder nf tbla Company without recourse, aave aa herein
before art forth
WHAT THE BONVILLE 80-YEAR BY8TEW DOES.
It Flaeet Control In the Hands or the Majority, Olvea Real
Competition among Indlvlduali, Direct Action ta the
Feeple, and Seattara Universal Justice, without Cruih
Ing Ufa out of Energy or Interfering with Our Frti
sot form of Oorernraint.
'list preaeut dar. wllli lla III condition! ami many evils,
la lis direct result of Ito coo I rot at Ibe leading Interests
et Ike enunlry by Ibe ".pedal privilege" claa. The only
way In wblcb thla evil may to eonuteraeletl la br cloning
Ih avenuea whereby Ito fONTHOI, Ol' INTlilttlSTH. by
Ito frw'. I obtained.
Wheat Ibl Hyaleot la undraloo.l by th people, tbey will
bo latMrr to deceived by ',nveatlgailoae" of big eerpora
lloae, but will demand Ibelr right. The wheleatle rob,
tor baa now carried en through atoek trantfcrlog will no
lee gee he tolerated.
The HI Year Kjratam haa torn away the dligutse under
which predatory Interest! operate, awl tto people are be
ginning to ae thing as they are. Tbla Sytltni takes the
root ml front the few awl give It to the many.
The asjhlrrt waiter of tbla System l copyrighted,
for lly towa sewl ten cent lu stampe to the
BONVILLE SYSTEM.
Boi 1115, Portland, Oregon
IV further Infer malbut a boot tbo 00-Year System, are
Ito 3. JeiUM lledew. publlttot) be A. W. Msrklo at St.
JolttM, Ore. Tide paper will contain at lent two columns
f news eUetlt lb Myaltiu lu rath Issue, for yetrt 16 come.
aaar er aaaaitiiH,, to
lesiure set 1st lb atoll
HIMtlMlMM
NaJseTjaTe1 Hil
IHW l!
I