The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-12-05
MoNONl LAND COMPANY.
i oNAWA.dt r

YyHE OBJECTS OF THIS Association ARE TN
l. the promotion Of oNAwA, Monona County Iowa
Terry on the Missouri river. a.: ss, IA +..-s :
The articles under which this Company is incorpo-
ARTICLE LIST. This Company is known as tns
AONONA LAND COMPANY, and the principal place
u doing the busnesso u said Company shall be the
ARTICLE ID 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
the Stockholders
ARTICLE ard Said Capital Stock is divided into two
hundred and fifty shares OF five hundred dollars each
ARTICLE Alb. The Indebtedness Of this Corporation
SHAH not at any one time exceed two and half per
cent on the capital stock. zs. EsaEFf J.. 3
ARTICLE 5ih. The business this Corporation shall
DC conducted by board Of Directors, nine In number,
ave Of whom shall be residents of Moona County who
are elected by ballot annually on the Second MONDAY I'm
octoser; but said Board continue In office until
board elected and qualified In tie election If on
GERS, each stakeholder is entitled vote for every
share BY Lin owne that stockhoider shall
cast q any one eleeiien more than tenth OF the
whole number Of the votes of the corporation TIE
Secretary shall give thirty days notice at least one
newspaper published in the county Mt annual election
OF said board In Of vacancy in said board the
members shall proceed to NIL it by the appointment of
another stakeholder as Director All ocers shall be
shaieEoidcrs. Shareholders may vote by proxy pro-
vlded such proxy be made IN writing to the President
oil inc company. .EH .
Board of Directors the members elect shall assemble
aud eject a 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 covcyances assignments and all bills VI sale
They shall sign and the Treasurer ceuter-sgn all
sues OF stock. No issue, sale, conveyance assign
mcnt " Stock is binding upon the Corporation or re-
cenzed as SUCH unless due record made by tho
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
call meeting of the Stockholders Of said CorporaiioR.
ARTICLE 6th. The Secretary shall keep minute Of
all meetings Of the Board o. Directors and Of the
Stockholders and perform all other duties usually pcr-
tanning to said office. ~ Ras sTgsT 4st "a a
ARTICLE 9th The Treasurer shall disbursc Monies
only upon written orders Of the President signed By the
Secretary. lie shall keep full account Of the finances
and report the same to the Boarof Directors annually
and a. often as BY them requested. He shall give
bond with good security, in such sum the Directors
may from time to time deem necessary. 3aaS
ARTICLE 10TH ny avote Of two-thirds OF the Stock.
holders present there may be assessed upon each share
tax 81 two Per cent upon it, issued value; but such
assessment is made At special meeting, the notice
calling such meeting, shall slate the object " The es
ARTICLE nth. All Deeds bonds and other writ
nCs conveying title to nnd belonging 10 the Company
shall be held BY the President In trust for the Company
ARTreLE l2th Every Shareholder shall build
house store, with less than three windews and
s6ngied roof No house building to be built ofpoles