The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-11-28
MONONA LAND COMPANY.
oTA~A. !

TNHE OBJECTS OF THIS ASSOCIATION ARE TIL
ons desns Il Ss
ferry the Missouri river. n
The articles under which this Company 10 incorpo-
ARTICLE 1st This Company is known as the
MONONA LAND COMPANY, and the principal place
doing the business Of said Company shall be at the
ARTICLE 3D. The minimum Capital Stock Of this
corporation is One Hundred and Twenty Five
Thousand Dollars, (all paid in,) which may be in
creased to double that amount, BY majority vote Of
ARTICLE sra Said Capital Stock is divided into two
hundred and fifty shares Of five hundred dollars each
ARTICLE 4th. The Indebtedness Of this Corporation
shall not at any time exceed two and half per
cent on the capital stock.
ARTICLE 9Th. The business Of this Corporation shall
be conducted BY board OF Directors, nine in number
I'VE Of whom shall be residents Monona County, who
are elected by ballot annually the Second Monday I'm
October; but said Board continue In ONCE until new
board is elected and qualified In the election Of on
GERS, each stakeholder is entitled to vote for every
share by him owned provided that st0ckh0der shall
cast at any election than one tenth Of the
whole number Of the votes Of the corporation The
Secretary shall give thirty days notice In Ut least one
newspaper published in the county, at annual election
members shall proceed to i it BY the appointment
another Stakeholder Director. All officers shall be
shareholders. Shareholders may vote by proxy, pro-
vided such proxy be made in writing to the President
ARTICLE 6th Within ten days after the election Of
Board Of Directors, the members elect shall assemble
Secretary and Treasurer shall not be members Of the
Board Of Directors.
ARTICLE 7th. The President and Secretary shall
sign all conveyances assignments, and all bills Of sale.
They shall sign and the Treasurer counter-sign all is
stock. No issue, sale, conveyance assign
ment Of Stock is binding upon the Corporation re.
cognzed SUCH unless due record made by tho Sec
Rotary in book kept for that purpose II shall be he
duty Of the President in his absence the Secretary,
at the request of ten Stockholders made in writing
call meeting of the Stockholders OF said Corporation
ARTICLE Sth. The Secretary shall keep minute Of
all meetings of the Board Of Directors, and Of the
Stockholders and perform all other duties usually per-
tanning to said Cffice.
ARTICLE 9th. The Treasurer shall dsburse Monies
only upon written orders the President signed the
Secretary. lie shall keep full account OF the finances
and report the the Board Directors annually
and as often as by them requested lie shall give
bond with good security in such sum the Directors
may from time to time deem necessary.
ARTICLE 10th. BY vote Of two-thrds Of the Stock
holders present. there may be assessed upon each share
tax Of two cent upon its issued value; but such
assessment is made at special meeting, the notice
calling such meeting, shall state the object of the call
ARTICLE 18th. All Deeds, Bonds and other writ
ngs conveying title to land belonging to the Company
shall be held by the President in trust for the Company
ARTICLE 18th. Every Shareholder shall build q
house store with less than three windows and
shinged roof. No house building to be built poles