The directors or trustees shall have power to make such bylaws as they deem proper for the management or disposal of the stock and business affairs of such company, not inconsistent with the provisions of this chapter, and prescribing the duties of officers and servants that may be employed, for the appointment of all officers, and for carrying on all kinds of business within the objects and purposes of such company.

History

Mar. 3, 1901, 31 Stat. 1308, ch. 854, § 738

Prior Codifications

1973 Ed., § 26-326.

1981 Ed., § 26-426.