The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-09-26

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ARTICLE "a. The minimum Capital Stock Of this
coIpoEation, y One Hundred ard Twensy.Five
Thsussna Dsllars, (al paid in,) which may Be In.
creased @ double that amount ~ majority vote u
AarICLE srd Said Capasal Stock Is aividsdinso tvo
hundred and fty shares Of vc hundred dollars each
ARTICLE eth. The indebtedness d this Corporation
shall mot u any enc time exceed Two and half per
ARTICLE 6ths Ihebusnoss Of this Corporation shall
be conducted by board Of Directors, nine in number
elected BY ballot annually - the second Monday III
Octobsrs but said Board conti In once until new
board is elected and qualified In the election ef on.
GERS, each stokholder entitled to one vote for every
share By him owned; provided that no stockholder shall
cast at any one election than one tenth OF the
whole number Of the votes 0f the corporation. The
newspaper published in the county, ut annual election
Of said board In Of vacancy In said board the
members shall proceed to I'LL It BY the appointment Of
another Stakeholder rs Director All officers shall be
shareholders. Shareholders may vote by proxy, proc
vided such proxy be made in writing to the President
ARTICLE sth. within ten days sitter the election Of
Board Of 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 9TH. The President and Secretary shall
sign all assignments and all bills Of sale
They shall sign and the Treasurer couner-sign, all is
sues Of stock. No issue, SALE conveyance assign
nent OF Stock Is binding upon the Corporation,
ognized such, unless due records 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 made in writing,
call meeting Of the Stockholders Of said Corporation.
ARTICLE 9Th. Tho Secretary shall keep minute Of
all meetings Of the Board Of Directors, and Of the
Stockholders and perform al other duties usually per
| tanning to said Office. =
ARTICLE 9th The Treasurer shall disburse Monies
only upon 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 a. often IS by them requested, He shall give
bond with good security in such the Directors
may from time to time deem necessary.
ARTICLE 10th. by vote Of two-thirds Of the Stock
holders there be assessed upon 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 1lth All Deeds, Bonds and other writ
nss, conveying title to land belonging to the Company
shall be held by the President in the Company
| ARTICLE 18TH Every Shareholder shall build a
house store, with not less than three windows and
shngled roof No house building to be built Of poles
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