The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-10-03
M0NONA LAND COMPANT.
oNIAV0A.

rTNHE OBJECTS OF This ASSOCIATION ARE THE
i the promotion Of ONAWA, Monona County, Iowa.
Holding and dealing In Real Nstste ard estabiishing
The articles under which this Company Is inoorpo-
rated, are a. follows:
Article ist. This Company is known as the
OF DOING the business u said Company shall be the
town 0f Onawa.
ARTICLE ID The minimum Capital stock Of this
Thousand Dollars. (ail paid in) which may be in
creased to double that amount BY majority vote Of
ARTICLE srd Said Capital stock is divided into two
hundred and fy shares Of Ave hundred dollars each
ARTICLE 4th The Indebtedness OF this Corporation
shall not at any one time exceed two and half per
ARTICLE 5th The business Of this Corporation shall
be conducted BY board Of Directors nine in number,
i've Of whom shall be residents Of Aonona County, who
are elected by ballot annually the Second Monday
October; but said Board continue in ONCE until
board Is elected and qualified. In the election Of on
GERS each is entitled to vote for
share BY him owned provided that stockhoder shall
cast at any one election, than tenth Of the
whole number Of the yotss Of the corporation. The
Secretary shall give thirty days notice in at least one
newspaper published in the county, ut annual election
Of said board. In Of In said board, the
members shall proceed to I'LL 1t by the appointment Of
another Stakeholder as Director All officers shall Be
shareholders. Shareholders may vote by proxy pro-
vided such proxy be made in writing to the President
Of the Company.
ARTICLE 6th Within ten days after the election Of
l
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 conreyances assignments, and all bills Of sale.
They shall sign and the Treasurer counter-sgn all is
OF stock. No issue, sale, conveyance assign
men Of Stock is binding upon the Corporation, re-
cognzed 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 "
cali meeting Of the Stockholders Of said Corporations
- ARTICLE 9Th. The Secretary shall keep minute Of
all meetings Of the Board OF Directors and Of the
Stockholders and perform all other duties usually
1 tanning to said Office
ARTICLE 9Th. The Treasurer shall disburse Monies
only written orders Of the President signed BY the
Secretary He shall keep full account Of the finances
and report the to the Boardof Directors annually
and as often by them requested. He shall give q
bond with good security in such the Directors
may from time ~ time deem necessary.
ARTICLE 10Th. by vote of twothirds Of the Stock
holders present. there be assessed each share
tax Of two per cent upon issued value but il such
assessment Is made at special meeting, the notice
calling such meeting, shall state the object Of tic call
ARTICLE 18th. All Deeds, Bonds and other writ.
ings conveying title land belonging to the Company
shall be held by the President in trust for the Company
| ARTICLE 18th. Every Shareholder shall build
house store with less than three windows and
shinged roof No house building to be built poles
rInns