The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-12-19
MONONA LAND COMPANY.
oNA"A.

TNHE OBJECTS OF THIS ASSOCIATION ARgm
the promotion Of oNAwA, Aonona County Iowa
HOLDING ana dealing IN Real Estate, and establishing
The articles under which this Company necrpo-
ARTICLE lst This Company is known as the
AONONA LAND COMPANY, and the principal place
OF doing the business Of said Company shall be at the
ARTICLE I'd. The minimum Capital Stock o, hi.
corporation, is One Hundred and Tive psy-five
Thousand Dollars, tzll paid in which may be in
the Stockholders = - - -
ARTICLE srd Said Capital Stock is divided into two
hundred and nfy shares of i've hundred dollars eaeh
ARTICLE 4th. The Indebtedness Of this Corroraiou
shall not at any one time exceed two and half Der
cent on the capital stock.
ARTICLE 5h The business Of this Corporation shall
De conducted by board Of Directors, nine in number
nve of whom shall be residents Monona County who
are elected by ballot annually the Second Monday IN
October; but said Board continue in once until
board Is elected and qualified. In the election VI en-
GERS each stakeholder is entitled for every
share BY him owneS provided that stakeholder shall
cast n any one election, more than tenth Of the
whoe number Of the votes Of the corpofatiOn. The
Secretary shall give thirty days notice at lcss, oue
newspaper published in the county at annual election
Of said board In case Of vacancy in said board the
members shall proceed to I'LL it By the appointment Of
another Sockhoder Director. All ejcers shall BE-
shareholders. Shareholders may vote by proxy pro-
vided such proxy be msde in writing to the Presidess
ARTICLE s.h. Within ten days after the election Of
Board Of Directors the members elect shall assemble
eiecl TTcstoent, secretary and treasurer he
Secretary and Treasurer shall be members Of the
Board Of Directors. wv -
ARTICLE 7th. The President and Secretary shall
sign all conveyances assignments, and all
They shall sign and the Treasurer counfer-sgp all
sues OF stock No issue, sale. conveyance assign
ment OF Stock Is binding upon the Corporation,
eognized as SUCH unless due record made tho Sea-
rotary IN book kept for that purpose Il shall be he
duty Of the President or in his absence the Secretary
at the request Of ten stockholders, made in writing
call meeting Of the Stockholders Of said Corporaton.
ARTICLE 9Th. The Secretary shall keep minute of
| all meetings Of the Board Of Directors, and Of De
stockholders and perform all other duties usually per
tanning to said ONCE.
ARTICLE 9th. The Treasurer shall disburse Monies
only upon written orders Of the President signed By
Secretary He shall keep full Of the finances
and report the same " the Boardof Directors annually
aud as often rs by them requested. He shall give
bond with good security, in such the pirectsfs
may from time to time deem Necessary. Ia
ARTICLE 10Th BY Of two-thirds Of the Stock.
holders present. there be upon each shsre
tax Of two per cent upon its issued value; but such
assessment is made At . special meeting, the netee
calling such meeting. shall state the object Of the call
ARTICLE 18th. All Deeds, Bonds and other writ
ings conveying title ~ land belonging to the Company
shall be held by the President the Company
ARTICLE 18th. Every Shareholder shall buid .
house or store, with not less Than three Windows aDd
shinged roof No house building 70 be built Of poles
logs. "a. ~