The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-09-19
MONONA LAM COMPANY.
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u,ur oa,rfrx ~ fI1B AsS0Cfxr1oN ARs fHr
l The nron,otion q 0NAwA, Noaona County. Iowa.
pldink and dealins !. - Estate and establishing
~ srs tas sss SA tAs conp.sy i ,.eorpo
xsrlcIr Isl. ~. conpany i. known :. the
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ARTICLE ID - minimum Capital Stock Of thi,
corporation, !. - Hundred and Twenty Five
creased to dctss that amount by : lnsjority vote Of
the Stockholders,
hundred n s:s Capital 3 divided
ARTICLg ~. The Indebtedness Of this CORPORATION
shall not ~ any one time exceed two and half per
cent on theWpital stock.
be conduesd BY board Of Directors, nine in number
nve OF wAom shall be residents Of Nonona County, who
elected BY ballot annually ON the second Monday IN
Otone5 ~ said Board continue IN ONCE until new
board elected and qualified. In the election Of on
GERS each stockholder is entitled one for every
share ~ him owned; provided that stakeholder shall
cas- g any one election, than tenth Of the
whose number Of the votes Of the corporation. The
Secretary shall give thirty days notice in II leastoae
published in the county at annual election
~ said board In case Of vacancy in said board, the
members shall proceed to ill it by the appointment VI
smother Stakeholder as DIRECTOR All cfcers shall be
shareholders. shareholders may vote by proxy, pro-
vided such proxy be made in writing the President
Of the Company.
ARTICLE 6th Within ten days after 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 tho
Board of Directors.
ARTICLE 7th. The President and Secretary shall
sign all conveyances, assignments and all bills VI SALE
They shall sign and the Treasurer eounter-sgn all is
sues Of stock. No ISSUE sale, conveyance assign
nent Of Stock is binding upon the Corporation OF re.
cognized 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
ut the request OF ten Stockholders made in writing,
call meeting of the Stockholders OF said Corporation.
ARTICLE 6th The Secretary shall keep minute Of
all meetings of the Board Of Directors, and Of tht
Stockholders and perform all other duties usually
tanning to said office.
ARTICLE 9th. The Treasurer shall dsburse Monte.
only written orders of the President signed by the
Secretary. He shall keep full account OF the finances
and report the to the Boaof Directors annually
and often as by them requested. lie shall give
bond with good security in such sum the Directors
may from time to time deem necessary.
ARTICLE 10th. BY vote OF two-thirds Of the Stock
holders present. there be assessed each share
tax Of two per cent upon its issued values but if sucl
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
ing conveying title to land belonging the Compan!
shall be held by the President in trust for the Company
ARTICLE 18th. Every Shareholder shall build {
shnged roof mo house building TO be built Of poles