The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-09-04

seed two birds of tle amouht of Its capana
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AR. 9 Any vacancy II thu Board of Directors
eccasriag by death, resigaAeion or otherwise
may be Hfled by ehs ~psvcctors at any regaiar1
aseting Of the Board, at any special meeting ,
caised for that purpose, due notice Of the object
of the meeting being given to the several mem
.bers Of the Board.
Thirty DAYS notice of each annual meeting of
the stockholders, stating The day and the hour at
which the same shall take place at the Office at
Upton, shall be pa,a-hsd 10 some newspaper or
newspapers published At Upton which notice
shall be published lii such newspaper, or newspa-
pers weekly until tue last publication day of the
same prior TO such meeting. .s..s~.~.-,
The stockholders, at their annuil meeting FOR
the election of Directors, shall elect Chairman
and secretary aud also three Inspectors or ndg-
es of election. Said Inspectors Judges Of cleo
ton shall, if required by any stoekhoder.he duly
sworn faithfully and impartially to discharge the
duty Of Inspector or Judge OF election. They |
shall require the election to be BY ballot in per
son or by proxy, in due form; they shall certify
| the names of the persons elected and such GER
| ttcate shall lac recorded in the records OF the
| corporation, and shall be evidence OF tne elcc.
ton Ct the persons therein declared and certified
! to be elected Stockholders shall be entitled to
| one vote for each share of stock held by them re-
| peetiyely. MsE
ART 10. Thirty days notice Of the time and
| place for the payment Of any instaime mt or call
| upon the stock subscribed, shau be published in
some new spaper or newspapers In said Cedar
County, and the Directors shall canse a like no
tce be deposited In the post ofice at its prin
cipa place Of lusiaess, post paid addressed to
each stakeholder at his place OF residence, whes
L,,g,, mr. elx tn, ba ven him pprsonnlty
| thirty days before said time Of payment. Ifany
tockholder shall nc gicct 10 pay such call for
thirty days after the same is able, the directors
shall cause notice of sixty days to be given to
such stockholdcf personally, OF by depositins the
same in the post ofiee as aforesaid addressed 20
such stockholder setting forth that such call hes
been made and That payment II demanded forth
with; and II said st,ckhoder shall neglect 10 pay
the same within said sixty days the directors
NAV in their discretion forfeit said stock and all
previous payments there on, to the use of the cor
poration, or may sell the same at public anciion
at Upton, or may sell the same a. the Board OF
Brokers in New \ ork, and may sue for and reco-
yer any de6e i~ncy which may"remain. on such
sale, afte~ deduotiAg TIE expense thereof. upon
the subscription Of such stockholler. IA~@1@'A~
ART. IL. The said corporation shall have pow
er to take and hold real estate by gilt, grant or
purchase, or in payment Of stsck OF said eorpo-
rarion and may sell and convey in fee simple all
lands which shall not he found necessary or con-
venient for the purposes of the Company.
! q
tiSn are hereby made and declared to lie person.
property, and shalt be traas bis by asst gnment
G on the books Of the corporation, by any stock
holder or his authorized attorney, a.id NO transfer
or signment shall have validity a. against the
! company until the same is regularly entered on
the books Of tile company. IS .E5gsI
ART. IL. Certificates of stock, signed by the
President, and countersigncd by the Secretary
shall he issued to the 81 oekholders, which shat
). be transferable on the books Ut the Company, b,
the holder, or his authorized attorney and fupor
. the surrender Of the old certlfcatc, new eerti6
cate may be issued therefor But no transfer o
- stock shall relieve the subscriber for the sam,
= from his liability TO pay aii such snms may re
I main unca allied or unpaid thereon.
. ART. L. The Directors Of Said Company ART
i ,eeted with fall power to- ppoint the fscretar
and Treasurer, and all other subordinate niicers
agents and servants, to carr, out the objects y
this corporation, and as the business may require
prescribe their duties, fix their compensation
and rcaaire suea bond for the faithful perform
C ance OF their dnties and trusts IN such pcna
sum, with such security, As they may deem adyis
ah'e: and such OFF err. agents ami servants s,s
J. be removed at the pleasure Of the directors.
&c ART. Is. The Dfectors vi said Company, q
IA their first meeting alter taeir organiLaleR SHAT
proceed to elect, froia their number, Pres,aen
4 and also Vice President Of the Beard, sior IN
rc first year, ana in case fyacaEcy in either of sal
a Offices, by death, resignation, or Otherwise, ii
;" said directors may in like manner proceed TO Ii
le such vacancy: and said directors shall at the
first meetip i after each annual election. or o
-, soon practicable, proceed to elect one OF the
~ number President, and also one for Wee Pres
e. dent, Of said Board, for the year next foAowin
1 said election. -sza-s.s# #.-z@
~ Meetings Of the Board of Directors shall |
held at Upton or such places as shall be ordere
by the Board, on thirty days notice being give
of the time and place Of such meeting, b. notis
thereof being deposited in the post Office dire
ted to each OF SAID Directors, at his usual pla,
of residence, post paid. or by personal Notice
s said thirty days TO commence at the time Of sue
ed deposit. the giving OF such personal notice
Eleven OF the Directors shall form quorum f
st the trausac ION Of business nd the President
at Secretary ,er my three Directors shall have POI
he CIR 10 call meeting Of the Dfre eto. provided f
=, in this any other article. III $3.50 <s
au ART. TO- The Directors shall have power
&C. appoint nj any gular meeting committee fro
ba among themselves, of not less than seven,
whom the President and Vice President shall
v, two, to transact any business for the Compal
les they may deem proper, whose acts sinai! be bin
!, ing ON the Company. But fun and IRE
~ statement of the acts and pracc edings OF Z
an said committee, and also of the Board Of Dires
lie. ors, shall be kept and entered upon the regul
~ books OF the proceedings of the Company, al
ht in the Secretary shall not be present at a
meeting OF the said committee, the acts and pl
- eeedings thereof shall be kept BY ono Of tn,
- numl or, and shall be entered upon the books
the COMPANY, and certified hy majority OF
members present Al each meeting. .-.-s..
!, Arr. II. These articles may be amended at a
yneetiag of the stockholders, notified for the u
pose by publication of said meeting, as is pro
)ci- dea for notice or the annual meeting, or % q
A., annual meeting, provided two-tnirds OF all (
aei stock subscribed, shall favor such amendment
aid tho ARTICLES ~ an also he amended bv the una
be nous vote Of all the Directors sss y - q
lar special meetings of the STOCKHOLDERS may
-. called by the Board Vt Directors, in which c;
io notice, setting forth the object of such meeti
on, and the time and place, shall! be pnhlishe In l
manner as is provided FOR the annual meetip
Ally And such special meetings of the stockhold
=. shall be called by the Board Of Directors, up
the written request Of stockholders REPRESENT
sur a majority of the stock subscribed IN which
and quest, the object of such meeting must be 8
no,. cihcally set forth. sE 8# @E#
AIR. IL. For tile time being, and until Boz
rom Of Directors shall be elected by the stockhold
lost at the first annual meeting, as hereinbefore I
the vided the following named persons, shall be-
are hereby constituted Board Of Directors
'oa- this Corporation ani are hereby vested with
and the powers and duties incumbent to their OIL
ttcr w: George schumacher, william IL. inti
,, John Calbertson, Jne. H. Starr, =. J. Crew,
" r. Edgar, Charley Swetiana James Safeley, IL
d IN ~ Reigart Aaron Gilbert EZey Carl, Patter
Fleming, w. A. Rigi,y, John Ii. Bireley War
lao Nate, John w. Brown, Jos. X. shy der Robt
- Long, s. 5. Daniels, II. b. Hibben, Geo. w. SIN
ipai andrew Ford. and Willard Hammond, and a
edar times majority Of the Board shall be reside
Of the State OF Iowa.
-, In witness whereof the subscribers have h
sea unto set their hands and seals, this tenth da
OF August, A. II. le5s f "a Il
bill GEO. sGHMUCkER JNo. CULBERsaN
cles Sd CREW, CHAN SWAZILAND,
aid AARON GIi.BEBT, JOS. X Snyder
'Aa ROBE NJ. LONG, S. RDANIEl-s.
and WILLARD HAMMOND.
nan true copy. Attest
ayn H. REIGART, Secretar