The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1858-01-02
= g..--s---, = = GEORGE II. WESTON, =
Editor + Proprietor.
WASHINGTON, D. G., June sth, 1851. : -
MONONA LAND COMPANY.
,,. oNIA"A A

T'HE OBJECTS OF THIS ASSOCIATION AKE7H
4 the promotion of oNAWA, Acnona County, lexa
Holding and dealing in Real Estate and csabli.kiuc
ferry On the Missouri river. fS=5A -s'EEt
The articles under which this Company is meorpe-
ARTICLE 1st. This Company is know ss the
MoNoSA LAND COMPANY, and the principal place
Of doing Inc uesincss Of said Company, shall be al the
ARrIcLE2d The minimum Capital Stock Of mi.
corporation, is Que Hundred and Twcnty-Yiys
Thousand Dollars, (ali paid in ] which may lie in-
creased 70 deaeie that amount by majority vote VI
ARTICLE srd Said Capital Stock ia d sided into ,ve
hundred and fifty shares Of re hundred dollars each
ARTICLE 4th The Indebtedness Of this Corporation
shall nat al any one time exceed twu and half pcr
cent on the capital stock. t@7@s5
ARTICLE 9th. The business OF this Corporation shall
be conducted by board OF Directors nine number
i've Of whom shall be residents u Mcnuna County who
are elected by ballot annually the csuiid Montlay
Octebcr; but said Board continue in ice until ues
board Is elected and Qualified. In the election " On
GERS each stockholder entitledto one vote lot every
share By him owned; provided that ckhoidcr shah
cast al any eue election, than tenth d tho
whole numtcr Of the votes of the corporation. Tie
Secretary shall give thirty days notice at leas,
newspaper published in the county. at annual
OF SAID board In cascof vacancy in said board tie
members shall proceed to I'LL it by the appointment VI
another Stakeholder Director All ,iiecfs shall
shareholders Shareholders may vote by proxy pre-
vided such proxy be made in writing the Presiden;
ARTICLE sth within ten days after the cleo. ion d
Hoard Of Directors, the members elect shall assemble
ana elect President, Secretary and Treasurer. Tie
Secretary and Treasurer shall not be members The
Beard Of Directors.
ARTICLE 1th. The President and Secretary shall
sign all ecnycyances assignments and all bills Of sale
They shah sign and the Treasurer coter-sen, all
sues OF stock No issue, sale, Conveyance assign
nient o Stock Is binding upon he Corporation,
egnized SUCH unless due is Instc by tho Sec
ret1ry IN book kept for that purpose. shall be he
duty of the President In his absenee the Secretary
at the request Of ten stockholders, in writing
call meeting OF the Stockholders u said Coz poratic.
ARTICLE Sth. The Secretary shall keep minute u
all meetings of the Board vi Dircctors and VI tie
Stockholders and perfnf all other duties usually per-
tanning to said Ufficc. ta ss fTf-E VI y
ARTICLE eth. The Treasurer shalidsburse Monies
only upon written orders Of the President signed By the
Secretary, lie shall Keep full VI The nnAnces
and report the same t the Buarof Directors annually,
and as often as by tneni requested. Ne shall give
bond with good security, in such the OrecoFs
may from time to time deem necessary. .s5fagss8s
ARTICLE 10Th by vo,e Ut lwo-thirds Of the Stock
holders present there be assessed upn each Ahzre
tax 81 two per cent upon its issued value; but II such
assessment is made at special meeting the noiise
calling such meeting. shall state the object Of TIE ca
ARTICLE 18th. All Deeds, Bonds md other wrr-
ngs conveying title TO land belonging to the Company
shah be held by the President In trust for the Company
ARTICLE 18th. Every Shareholder shall build
house or store with not less than three windows AMI
shineicd roof No house building ~ be built VI poies
~ iog