The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-08-28

tioEs or c onsoidations with any other Railroad
Company or Composites consistant with ne laws
of the state and tho by LAWS of the oorpoatisu.
ARIA. The capital stock Of the Company shal
b., two hundred thousand dollars divided iato
shares Of fifty ~dollass each. The same, asssab-
scribed, shall be called In and paid in such install
uents at such times and on such conditions as
the Directors may determine. The capital stock
may be increased by vote Of the Directors at any
regular meeting.
ART. 5. The affairs of the Company shall be
conducted by Board of Directors consisting Of
twenty three porsous, who shall be elected by
the stockholders annually. a.a meeting to be !
held for that purpose on the sscond Wednesday |
of June Of each year. II, for any reason, the |
stockholders shonld fail to elect DireetoV, at the
time specified, the old Director. shall art antil |
others shall 10 duly elected in their stead. -
AR. 8. This corporation shall commence on !
the 10th day of Angus, 1855 and shall terminate
on the 10th day Of August 1908, and may he re-
newed as provided by Law.
ART. I. The private property Of the stsskhod
ers shall be exempt from liability for the debts
Of the corporation. q sss- "@' go -~
ART 8. The greatest amount Of inlebtdness or
liability Of the corporation shall at no time ex.
coed twothirds Of the amount Of It's capital
stock.
ART. Q. Any vacancy in the Board OF Directors
occurring by death, resignation or Otherwise
may be filed by the Directors at any Segalar
meeting Of the Board or at any special meeting
called for that purpose due notice Of the object
| of the meeting being given to the several mem
| beers of the Board. 4
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 published in some newspaper or
newspapers published at Upton, which notice
shall be published in such newspaper or newspa-
pers weekly until the last publication day Of this
| same prior to such meeting.
| The stockholders, at their annual meeting for
| the election of Directors shall elect a Chairman
and secretary. and also three Inspectors or Judg
es of election. Said Inspectors or judges of e'ee-
ton shall if required by any stakeholder, ie duly
| sworn faithfully aud mpartially 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
tihcate shall be recorded in the records OF the
corporation, and shall be evidence of tue cleo
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
pectively. -zss#.@ HMz TT
Art. TO- Thirty days notice Of the time aud
place for the payment of any instaiment Or Cab
upon the stock subscribed, shall he published in
some newspaper newspapers in said Cedar
County and the Directors shai, eaasc like no.
tice To be deposited in the post Office, nj its prin.
cipal riAce 81 business. post paid, addressed to
each atockholder at his phase of residence. NhcH
known, else to be given to him personally,
thirty days before said time OF payment. II any
stockholder shall neglect to pay such cali fer
thirty days after the same IL pay the directors
shall eausc notice Of sixty dass L. he given To
snch steekholder PERSONALLY. or by aerysltlng t.o
sa.ue in the post ulhc", aforesaid addressed 10
8Jch stnCkb0ider, scltihg forth thai sath cal has
ecn made and that payment is deaanded fartb.
with; aud If said stpekhoder shah Ia yec. tosIGy
tue same within said sixty days the direc ,oIs
may, in their discretion forfeit said stock, an,
previous. payments thereon. TO tAe use IF the cor.
poratian, may sell the same at public auc,ion
| at Iipton, or may se Sac same a, the toad OF
Brokers in New ors, and may sue far an REQ
yer any eeheienyy whichmay rcn!ani GA such
sale, after dudHsLIHg tHe expense t4ereUb uPeA
the subscription Vt Sa,h stochholier.
! ART. IL. The said corporation rhai have pow :
err to take and hold real estate by gfj. grant or
{ purchase, or in payment of sto"h OF s.id cosp'-
rarion, and may sell and convey in fee siinae all
lands " AlCh shall not te found necessary o. con
veuJeat for the purposes Of tins Coafaey.
ART, IL. Tie SHARES ~ stock IA satd cor-ora-
r ton hereby made aud declared TO he personal
property, and shall be transferable 10y ASA ruaa ut
i on the boua as af ihe corporation bp stnY sIoch-
holder OF his authorized attorney, d lao transit
or s-igniGunt shall have validity as against the
= company. until The same as regularly entered on
G | the books Of tie eopa:Mnv 90
| AEf Is. CsfstcsSrs of saerk signed hy thg
| President, and coHn's.s SHcd by the Secretary
| shat. be issued TO the 81 ocSaoiaefe nhicn sAH
be transferable the books u the Conf eny, t.
| the builder. or his authorized attorney. and npor
4 the surrender of the old certiheat- q new ceftia
cate may he Issued therefor But Ia transfer o
n stock shall relieve the subscriber tor Id" ssEa,
: from hts Liability ~ ply all ruthsulus IS may 70
main uaralIea or unpaid thereon.
- AIR. II. ] Re Directors of said Ga1Ia an arr
4 vested aith full power To appoint the s7-crot.
and Treasurer, and oil other subordinate HlliaeT@
agents aud servants, to carry out the objects u
il this corporation and as The business muy require
- prescribe their duties, tx their computation
and require such bond for the taitaIal perform
6 ancc OF their detics and trusts, ia such pcna
+. sum, with such security, they rlay deem aavi-
ase; and steh officers, gents anl servants ina
T" be removed ut the pleasure Of the directors.
r ART. 10. The Directors Of said Com pnny, q
thelg ffst meeting after their organization, aha
proceed to elect. irom their namher. Treslaen
! aud also a Vice President Of the Board, for TIL
5 first year, and in 1T vacancy in either OF si
= Offices, by DEATH resignation, or otherwi Use, IT,
said directors may III like ntAhHer proceed - ii
J. such vacancy; and said directors snail at trei
a. first neetiu < at;er each annelal eieetie, q
sooa Is practicable proceed to eleat of taei
number President, and also fer ice Pres
d dent Of said Board, for the year next folowin
Il said election.
. Meetiass Of the Board of Directors shall /
held .. Upton, or snch places ~ sh all he or6.se
H. by the Board, on thirty days notice being give
n, OF the time and place OF such mseting, hy notic
thereof being deposited in the post Office, dirs
~ ted to e,,, q said Directors, ut bis usual piat
he Of residence, post paid, or b personal nQte'
10 said thirty days to CONNIE nee al the time Of
deposit or the giving Of such personal notice.
IL Eleven OF the Directors shall form quorum #
~ tbs transaction Of business and the President
Secretary, or any three Directors, sh all have po1
err to call a meeting Of the Directors, provided Fl
in this or any other article. a.-rzzs
ART. l6. The Directors shall have power
s. appoint at any regular meeting a committee fro
. among themselves, of not less than seven,
whom the President and Vice President shall
Ee tSo to transact any business for the Cemfal
,st they may deeta proper whose acts shall be bin
ing the Company. But full and IRE
T. statement Of the acts and proceedings of Il
III said committee, and also OF the Board OF Dlref
NJ ors, shall be Kept ard entered upon the regal
, books Of the proceedings Of the Company, Al
IL in case the Secretary shall act be present at a
meeting Of the said committee, the acts and II
0eedngs thereof shall be kept by one Of tbs
numher, and shall be entered upon the books
the Company, and certified BY majority of t
members present at each meeting.
ART. IL. These articles may be amended at Al
meetiag of the stockholders notified Tor the pt
pose, by publication Of said meeting, is pro
ci- dsd for notice Of the annual meeting, or at a
Ter annual meeting, provided two1tairds 81 all I
III stock subscribed, shall favor such amehdmt ut.
=, The articles may also be amended b. the unai
DC nous vote of all the Directors.
ar Special meetings OF the stockholders may
re. called by the Board of Directors in which ca
a, notice. setting forth the object OF such mcetif
and the time and place, shall be published in Ii
manner as is provided for the annual meetins
iix And such sleclal meetnRs of the stnr K lnlat