The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-09-05
MONONA LAND COMPANY.
oNAvA.

rTNHE OBJECTS OF THIS ASSOCIATION ARE THE
i the promotion 81 ONAwA, Aonana County, Iowa.
Holding and dealing in Real Estate and establishing
ferry ON the Missouri river.
The articles under which this Company is incorpo-
rated as follows:
ARTICLE lst. This Company is known as the
M0NONA LAND COMPANY, and the principal place
of doing the business VI said Company, shall be at the
town OF Ouawa.
ARTICLE ID The minimum Capital St ck Of this
corporation, Is One Hundred and Twenty-Five
thousand Dollars {ali paid in,) which may be in
creased TO double that amount, BY majority vote Of
the Stockholders.
ARTICLE ard Said Capital Stock is divided into two
hundred and fifty shares OF five hundred dollars each
ARTICLE 18th. The Indebtedness OF this Corporation
shall not al any one 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
nve Of whom shall be residents Of Monona County, who
are elected by ballot annually the Second Monday
October; but said Board continue in cice until new
board is elected and qualified In the election OF off,
GERS each stakeholder is entitled vote for every
share by him owned provided that stakeholder shall
cast at any election more than one tenth Of the
whole number Of the votes Of the corporation The
secretary shall give thirty days notice in at least
newspaper published in the county, annual election
OF said board In case of vacancy in said board, the
members shall proceed to I'LL it by the appointment
another Stakeholder Director All officers shall be
shareholders Shareholders may vote by proxy, pro-
Slded such proxy be made in writing to the President
Of the Company.
ARTICLE 9Th. Within ten days after the election Of
VI members etcc snail assemble
and elect President, Secretary and Treasurer The
Secretary and Treasurer shall not be members Of the
Board Of Directors.
ARTICLE It'll. The President and Secretary shall
sign all conveyances, assignments and all bills sale
They shall sign and the Treasurer counter-sign all is
sues of stock. No issue, SALE conveyance or assign
ment Of Stock is binding upon the Corporation
cognized SUCH unless due record made by tho Sec
Rotary in book kept for that purpose. 1t shall be he
duty Of the President in his absence the Secretary
at the request of ten Stockholders made in writing to
call meeting Of the stockholders Of said Corporation.
ARTICLE 9Th. The Secretary shall keep a minute Of
all meetings Of the Board Ut Directors and of the
Stockholders, and perform all other duties usually per-
tanning to said Office.
ARTICLE 9Th. The Treasurer shall disburse Monies
only upon written orders OF the President signed by
Secretary. He shall keep full account Of the finances
and report the the Board Directors annually
and as often b. them requested. He shall give
bend god security, in such the Directors
may from time to time deem necessary.
ARTICLE 10th. BY vote Of two-thirds Of the Stock
holders present. there may be upon share
tax Of two per cent upon its issued value; but IL such
assessment Is made at special meeting, the notice
calling such meeting shall state the object of tie call
ARTICLE 18th. All Deeds, Bonds and other writ
ngs, conveying title to land belonging the Company
shall be held by the President in the Company
ARTICLE 18th. Every Shareholder shall build 4
house store with not less than three windows and
shinged roof No house building be built poles
lng.