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206 By-Laws, General Film Co.
the Company, in the name of the Company in such depository or depositories as are approved by the Board of Directors. His books and accounts shall be open during business hours to the inspection of any director of the Company. The Treasurer shall also endorse for collection or deposit, all cheques, notes, bills and negotiable paper; shall make such payments as are necessary in conducting the business of the Company after obtaining general or special authorization of the Board of Directors either directly or through the Executive Committee, and shall sign, with the President, all certificates of stock and cheques for the withdrawal of money from depositories.
He shall prepare and submit to the stockholders at each annual meeting, a full report showing the financial condition of the Company, and he shall prepare and submit to the Board of Directors and Executive Committee, from time to time, such reports and statements as they request him to supply. He shall protect the Company by a bond in the sum of ten thousand (10,000) dollars, with sureties acceptable to the Board of Directors, for the faithful performance of his duties, in conformity with the requirements of these Bylaws.
In the absence or disability of both the President and Vice President, the Treasurer shall have all the powers and perform all the duties of the President.
Section 5.— The Clerk.
The Clerk shall maintain a resident clerk's office in the State of Maine, and he shall prepare and mail notices of annual and special meetings of the stockholders; shall include in the notices of stockholders' meetings, such proposed amendments to the By-laws as are recommended by the Board of Directors or in writing by any stockholder; shall keep complete minutes of all meetings of the stockholders; shall notify all directors of their election and obtain their acceptance of office or refusal to serve, and shall perform all other duties that he is required to perform by the laws of the State of Maine and these By-laws.
Section 6. — The Secretary:
The Secretary shall keep complete minutes of all meetings of the Board of Directors and Executive Committee; shall read all minutes of meetings of the Board of Direct