The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-08-21


ART. l0. Thirtys1Ays notice Of the time and
place for the payment q any ins.slment or call
upon the stssk subscrile@ shall be published Ia
sue newspaper or he~spapcrs in said Ccdsr
Comfy, anafhe Directors shah cause like no.
ticsto be pesi.ed in the poo office at its prin.
cipal FlaceaM business, post paid, addressed to-
earh Aocthoidcr At his pl&eeof residence, wheH
knGwus or else to be gwen to him personally,
thirty days before said time Of payment. IL any
stoskhoider shall neglect to pay such call for
thirty days after the same ia. ablc the directors
shall cause notice Of sixty days 10 lie given to
ssch sseckhossacv pessssasayrsv% yaxysMssng shr
same In the post ofiac~, AZ aforesaid addressed to
sach stockhoidcr setting forth tina, such cali has
been made and that payment Is demanded forth.
with; and II said stockholder shall neglect to pay
the same within said six,s days the directors
may In their discretion, forfeit said stock and all
previous payments tircrcun. 10 tke use Ut the cor
poraton, or may sell the same at public auction
atTiptcA &ofmsyykll tlM sAni8 az ule Doxed Or
Brokers In New lork, and may sue for and reco-
yer any deficiency watch may remsin on such
sale, after deducting tue expense thereof upon
the Subscription az such stockhol,ier. eT :
ART. IL. The said corporation shall have pow.
er TO take and hold real est,te by gift, grant or
purchase, or in payment OF stock Of said corpe.
rarion, and may sell and convey in fee simple all
lands hch shall not be found necessary or con-
venient for the purposes OF the Company.
AIT, ~. The shares Of stock in said corpora.
ton are hereby made and declared to be personal
property, and shall be transferable BY assignment
on the books OF the corporation, by any stock.
holder or his authorized attorney AID no transfer
or assignment shall have validity O. against the
company, until the same is regularly entered on
the books OF the company. s
AIT. Id. Certificates OF stock, signed by the
president, and countcrsigned by the Secretary,
shall be issued to the stockholders, which shall
be transferable ON the books Of the Company, by
the holder. u kis aNtlOfiypl MI
the surrender Of the old certificate. new certiti-
cate may be issued therefor. But no ira nsfer OF
stock shall relieve the snLscriher for the same
from his liability 70 pay all such sums as may re-
main uncnllcd or unpaid thereon.
AKr. Ia. The Directors Of said Company are
vested with full power to appoint the Secretary
and Treasurer, aud all other Subordinate officers
agents and servants, to carry out the objects OF
this corporation, and rs the business may require
prescribe their duties, fix their compc nsation,
and require such bond for the faithful perform.
ance of their duties and trusts, in such penal
sum- with such security. as they may deem advis-
able and such officers, agents and servants, may
be removed, at the pleasure Of the directors.
Arr. Is. the Directors of said Company a.
tieir first meeting after their organization shall
proceed to elect from their number, President
and also Vice President, OF the Board, for the
first year, and in Of vacancy in either OF said
offices, by death, Resignation, or otherwise, the
said dfrec tors may in like manner proceed 10 I'LL
suti NdtdUCss ubd Sdiu dHPCIbTs Slail at LhClF
first meeting after each annual eleetio. or a.
soon as practicable, proceed To elect one OF their
number President and also one for Vice presi
dent, Of said Boari, for the year next following
said election. maeHT #& ## &8#&
Meetings OF the Board 81 Directors shall DC
held at Upton or such places shall be ordered
Ivy the Board, on thirty days notice being given
OF the time and place Of snoh meeting, by notice
thereof being deposited in the post office, dire
ted to each OF said Directors, ut his usual p'ac
of residence, post paid, or by personal not c.;
said thirty days to CONNIE Rco at the time Of such
deposit or the giving of such personal notice.
Eleven OF the directors shall form quorum fol
the transaction Of business, nd the President and
Secretary, or any ti,Iee Directors shall have pow
or to call meeting of the Directors, provided foi
in this or any other article.
Arr. IL. The Directors shall have power Ia
appoint, 81 any regular meeting, committee from
among themselves of not less than seven, oil
whom the President and Vice President shall he
swo, TO transact any business for the Compan,
they may deem proper, whose acts shall be bind
ing on the Company. But full and rrec,
| statement OF the acts and proceedings Of the
said committee, and also of the Board Of Direct
ors, shall he kept and entered upon tina re guaI
| hooks of the proceedings of the Company ant
in case the Secretary shall not I've present at an,
meeting of the said committee, the acts and pro
acedngs thereof shall be kept by one of Their
| namter and shah lie entered upon the books o
| the Company and certified by . majority Of til,
members present at each meeting.
ART. IL. These articles may be amended at any
meeting Of the stockholders, notified for the pur
pose, by publication Ut said meeting, is provi
| ded for notice Of the annual meeting. or at an,
! annual meeting, provided two-thirds Of all til,
stock subscribed, shalt favor such anne ndment -
The articles laay Also be amended by the unani
| nous vote Of all the Directors.
| Special meetings Of tue stockholders may b,
called by the Board of Directors. in which cas-
notice, setting forth the object of such meeting
and the time and place shall DC Published in ik
manner rs il provided for the annual meetings
Aud such special meetings Of the stockheder
! shall be called b. The Board @. directors, upol
tie written request Of stockholders Representing
a majority cf the stock subscribed, in which re
quest the object Of such meeting must be si,c
/ eihcally set forth. 10 z... ..'
of Directors shall be elected by the ekho de RS
| at the first annual meeting a. hereinbe fore pro
sided, the following named persons, shall be, am
are hereby constituted Board OF Directors o
| this Corporation and are hereby vested with ri
| the powers and duties incumbent 10 their office
/ viz: George Schumacher William Ii. Tuthil
John culbcrtson, Jno. VI. Starr, $. J. Grew, VIM
u. Edgar, Charley swetland, James SafsIey, Hen
! ~ Reigart, Aaron Gilbert, Elzey Carl, latterse
| Fleming, ". A. Righy, John II. Bireley Warre
waite, John W. Brown, Jos. X. SNYDER Roht
Long ). .. Daniels, il. ID. SIibben. Geo. W. Smith
/ Andrew Ford, and Willard Hammond, and Mt al
times m.;or.: CT the -. : shall Ne resident
| of the State Of Iowa.
/ In witness whereof. the subscribers haveshere
unto set their hands and seals, this tenth day {
| August, A. y. 1853.
| GEO. scHMuckER, JNo. crLrrRsoN,
/ :. j. CREW. CHAS. SWETiAND,
AARON GlLBEBT, JOS. X. SNYDER.
i RORT. M. LONG, $. s. DANIELS.
I WILLARD ALMOND