The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-10-10
AekeIl LAMB eenRAN.
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TIME 0BJECrs or This ASSOCIATION ARE IN.
= ths yssa.stioo e QNAw4. 1aeae Uss.!y, Iowa.
me article. under wAieA this Company Is incorpo-
rated, are % follows:
nosoSA LaMD oospxHgP ND 4. l psseip.i p,ss
Of doing the busness Of satd Company shall b Il the
town Of Onawa.
corporation, Il Ons n1ndred m Twensy.Five
ThsssanA Dollars, (all paid in) which may be In
creased 70 double that amount By majority vote Of
ARTICLE ara Said Cspital stock h divids Into two
hundred and nifty shares Of I'VE hundred dollars each
ARTICLE 4th. The Indebtedness Of this Corporation
shall not 1t any ono time exceed two and half Per
cent on the capital stock
ARTICLE 9Th The business Of this Cooperation shall
be conducted BY board Of Directors, nine in number
I'VE OF whom shall be residents Of Nonona County who
are elected BY ballot annually the Second Monday In
October; but said Board continue In once until new
board Is elected and qualified In the election Of ON
each stakeholder entitled for every
share BY him owned provided that stockholder 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 1t least one
newspaper published IN the county st annual election
OF said board In case Of vacancy In said board, the
members shall proceed to MI II BY the appointment Of
another Stakeholder Director. All Officers shall DO
shareholders. Shareholders may vote by proxy, pro-
yided such proxy be made in writing to the President
ARTICLE sth Within ten days after the election Of
Board Directors the members elect shall 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 Of sale
They shall sign and the Treasurer counersign, all is
sues Of stock. No issue, SALE conveyance assign
ment of Stock is binding upon the Corporation,
c0gnzed SUCH unless due record made by tho Sec
rotary in book kept for that purpose shall be he
duty OF the President his absence, the Secretary
the request Of Stockholders made In writing,
call meeting Of the Stockholders Of said Corporation.
| 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 per-
tanning to said Office. 100
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 same to the BOardof Directors annually
and as often as by them requested He shall give a
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 be assessed each
tax Of two per 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
ingS conveying title land belonging the Company
shall be held by the President in trust for the Company
! ARTICLE 18th. Every Shareholder shall build a
house store with not less than three windows and
shinged roof No house building to be built Of poles