The Modern Corporation Its Mechanism Methods Formation And Management

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This duty belongs to the secretary and the book or books in which his records of the cor- porate proceedings are entered is called the minute book.
"The minute book of a corporation properly kept is legal evidence of the proceedings of its stockholders' and directors' meetings. The secretary is its custo- dian and its entries should be made by him alone. Any director has the right to inspect this book at any suitable time. A stockholder usually does not have this right.
"The minute book is ordi
...narily a blank book of the style termed 'record' by stationers. It may be had at any price from plainly bound books at fifty cents or less, up to elaborately bound and specially printed books costing from five to twenty-five dollars or even more. A reasonably good and substantially bound book is always to be desired.
"The minute book varies in size and general form according to the taste or requirements of the secre- tary. A common and convenient form is 8^2 by 13 inches. Sometimes the book is specially made, of a size and style to match the other corporate records.


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