Charter And By Laws of the Pioneer Co Operative Company Columbus Georgia

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10. The President and Directors shall appoint such officers as may be considered requisite for the service of the Company, who may be removable by the Board. The President and Treasurer shall also appoint Clerks and all other employees which they may deem necessary for conducting the business of the Company, who may be removable by the Board. The President and Directors shall fix the compensa- tion of all salaried officers and employees of this Company. They shall be required to exact a bond of... all salaried officers for the performance of their duties, and their good conduct while in office. DIVIDENDS.
SEC. 11. The Board of Directors may declare divi- dends of the profits of the Company as they may deem it expedient.
CERTIFICATES OF STOCK.
SEC. 12. Certificates of stock in this Company shall be issued with the seal of the Company attached, and shall be signed by the President and countersigned by the Treasurer.
TRANSFERS.
SEC. 13. The Stock of the Company shall be trans- ferred only by surrender of the certificate, and on the transfer book of the Company, to be kept in the office of said Company, by the person in whose name it appears or by an authorized legal attorney.


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