Page:Oregon Historical Quarterly vol. 19.djvu/364

346 DOCUMENTARY land to carry on the same in their names, and generally in all matters, to act as agents of the Puget's Sound Agricultural Company, and for such services be allowed the usual mer- cantile commission. 7th. That no person shall be qualified to be such agent unless he shall at the time of his appointment, bona fide hold, and continue to hold, and be possessed of at least 20 shares. 8th. That John Henry Pelly, Andrew Colvile and George Simpson, Esqrs., be the agents, and that in all questions relating to the conducting of the business of the said Association, the majority of the said agents shall be conclusive. 9th. That in case of the death, resignation, or disqualifica- tion of any one or more of the said Agents, a meeting of the proprietors shall be called in London in the manner hereinafter mentioned, for the purpose of appointing one or more agent or agents, qualified as aforesaid, to fill such vacancy or vacancies, and with the like powers and authorities as the person or per- sons so dying, having resigned or become disqualified as here- inbefore mentioned. 10th. That a general meeting of the proprietors of the Puget's Sound Agricultural Company be held in London, in the month of December, in the year 1840, and also within the said months of December in every succeeding year, of which meetings 14 days' notice at least shall be given by advertisement in two or more of the public daily newspapers published in the city of London or county of Middlesex, at which said meeting the said agents shall produce their accounts and report their transactions on behalf of the Company for the past year, and the state of affairs of the Company generally; and at such meetings the agents shall be annually elected, (the existing agents being eligible for re-election), the proprietors to vote at such meetings in person, or by proxy to another proprietor, in the proportion of one vote for every share, respectively. llth. That no proprietor shall be allowed to vote, or to receive any dividend, profit, or bonus, or exercise any other right in respect of any share he may hold, until he shall have paid the amount of any call made on him in respect of his said share, and shall have executed the deed of settlement, or other