The Modern Corporation : Its Mechanism, Methods, Formation And Management

Cover The Modern Corporation : Its Mechanism, Methods, Formation And Management
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A stockholder, as a general rule, does not have this right.
The minute book is usually a blank book of the style termed "Record" by stationers. For the usual small corporation, a book containing one hundred pages is ample. A book SjA by 13 inches will be found con- venient. It should consist of a good quality of ledger paper and be substantially bound.
Sundry details. 159 Minutes are not infrequently written with the type- writer on thin paper arid then pasted into the minute book. The loose le
...af minute book, in which the pages may be written with the ordinary typewriter and then inserted, is also used to some extent. These arrange- ments are, however, open to objections, as substitu- tions and alterations are easy. The minutes of a com- pany, when matters of importance are considered, are better written with pen and ink, or with a book type- writer, and with the entries succeeding each other in such a manner that no later additions or insertions are possible. Kept in this manner and properly authenticated, the minute book is competent evidence in case of litigation, as to the proceedings at the com- pany's meetings; otherwise its testimony might be open to question.

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