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Newspaper Date Vol No. Page Col
Mangum Sun-Monitor Nov 20, 1902  12  47  1  1 & 2

COLONY’S BY-LAWS

They Were Adopted at The Meeting Here Last Saturday.

ABOUT THIRTY NEW MEMBERS

Were Also Added to the Corporation –

Money Now Being Received by the Treasurer to Pay on Land

The eleventh meeting of the Blalock Mexico Colony was held at the Eaton hall last Saturday, November 15, 1902.  This was one of the most important meetings ever held by the colonists; in that it was the one at which their by-laws were adopted.  After going through the regulation manner of opening, the following business was transacted:

A committee, consisting of B.B. Talley, C.A. Stubbs and G.B. Townsend, was appointed to have blanks printed for making out lists of articles that they expected to take to Mexico.

M.L. Childers was appointed assistant secretary, and he and the treasurer retired to the bank where they received money to pay on the land.  About $11,000 was paid in that day.

The treasurer was instructed to deposit the funds in the First National Bank.

Moved and carried that persons desiring to become members of the colony, and are unable to buy as many as five shares, be allowed the privilege of forming a partnership with others for that purpose.

The following new members were elected: - Jim Ewing, M.L. Miller, Ashley Taylor, F.W. Hubbard, E.A. Williams, F.R. Wileman, C.D. White, D.P. Cook, J. D. Cook, T.M. Waldrop, R.D. Mills, G.W. Grimes, J.P. Montgomery, J.A. Weir, L.R. Cobb, E.M. DeBerry, J.F. Stiewig, H.H. Stiewig, T.W. Medlin and J.M. Medlin.

PREAMBLE.
Believing that we can better our condition socially, morally and financially by migrating to the Republic of Mexico, we hereby form ourselves into an incorporated company for that purpose, and have procured a charter and adopted the following by-laws:

TITLE.
Art. 1 – The name of this corporation shall be “The Blalock Mexico Colony.”

OBJECTS.
Art. 2 – The objects of this corporation are to purchase, colonize and develop lands and engage in stock raising in the Republic of Mexico.

OFFICERS.
Art. 3 – The officers of this corporation shall be a president, vice-president, secretary, treasurer and a board of eleven directors, including the officers, who shall be ex-officio members of the board.  The officers shall be elected annually by ballot, and shall hold their respective offices until their successor are elected.

MEMBERS.
Art. 4 – Any person over the age of twenty-one years, of sound mind and good moral habits, may become a member of this corporation upon election by the board of directors and the payment for as many as five shares of the colony’s stock, and no member shall be allowed to own or control more than twenty shares, provided, however, that if we fail to raise the money to pay for our land by the 22nd day of November, 1902, any member may increase his stock by buying five or ten more shares, and the stock shall be sold only in amounts of five, ten, fifteen or twenty shares.  Every person buying stock in this corporation shall be required to establish their residence on the lands owned by the corporation in twelve months from the time their stock is issued to them.

ANNUAL MEETING.
Art. 5 – The annual meeting of this corporation shall be held on the first Saturday in November of each year at Chamal, Tamanlipas (sic), Mexico, (which is hereby selected as the location of a branch office of this corporation.)  At which meetings the officers and directors shall be elected annually by the stock holders.  Every member of this corporation shall be entitled to one vote for each share held by them.  At the annual meeting the secretary and treasurer shall present itemized reports of all the business transacted during the year.  Special meetings may be called by the president or upon the written request of fifteen members.  Written notices of such meetings shall be sent to each member of the corporation.

DUTIES OF THE PRESIDENT.
Art. 6 – It shall be the duty of the president to preside at the meetings of the corporation and also of the board of directors, of which he shall be ex-officio president, and to perform such other duties as may be assigned him by the board of directors.  It shall be the duty of the vice-president to perform the duties of the president in his absence or his inability to perform the same.

DUTIES OF THE SECRETARY.

Art. 7 – It shall be the duty of the secretary to keep minutes of all meetings of the stock holders and also of the board of directors and to record the same in the corporation books provided for that purpose; to receive and keep an account of all money collected by the corporation, and to pay the same over to the treasurer, taking his receipt for the same, and it shall also be his duty to conduct the correspondence of the corporation and to perform such other duties as are customary for such an officer under the direction of the board of directors.

DUTIES OF THE TREASURER.
Art. 8 – The treasurer shall have charge of the funds of the corporation, and shall disburse the same under the direction of the board of directors upon warrants signed by the president and attested by the secretary.  He shall prepare and submit to the corporation at its annual meeting a detailed statement of his receipts and disbursements during the year.  He shall also be required to give a sufficient bond, to be approved by the board of directors.

THE BOARD OF DIRECTORS.
Art. 9 – The board of directors shall have the management, control and disposition of the affairs, property and funds of the corporation, and shall have power to fill, for the unexpired term, any vacancy that may occur in any of the offices of the corporation or in its own body.  They shall hold meetings for the transaction of business at least once a month and at such meetings seven members shall constitute a quorum.

ALTERATIONS AND AMENDMENTS.
Art. 10 – These by-laws may be altered or amended by a two-thirds vote of all the stock holders present at any regular or special meeting of the corporation; provided such alteration or amendment has been proposed and entered on the minutes at a previous meeting.

DIVISION OF THE LAND.
Art. 11 – The lands purchased by this corporation shall be divided among the stock holders by a plan that shall be hereafter adopted by a majority vote of the stock holders.

The board of director (sic) met again that night, elected the following to membership: - J.P. Watts, J.L. Watts, R.E. Watts, J.E. Jackson, G.W. Doss, - Doss and J.P. Byrd.

The board then adjourned to meet Saturday, Nov. 22, 1902.
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