The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1858-02-13
MONONA LAND COMPANY.
A.. oNA"A

TINE DIRECTS OF THIS ASSOCIATION ARsfH
y the promotion Of ONAwA, Aonona Cousky, Iowa.
Holding and dealing in Real Estate and essassiAasa
The articles under which this Company is iaessss-
rated, are follows: - @*7f 800 F+s -
&, ID: G1@P... g. l.s.s ,. e
Of doing the business Of said Csnpany shs be .. he
ARTICLE "a. The minimum Capital stoea Of this
corporation, Is One Hundred ana Twenty-Fiys
Ihessand Dsilsr., (ali paid in,) which may be in
creased to double that amount By majority vote Il
ARTICLE srd. Said Capital Stock is divided into two
hundred and fifty shares of nve hundred dollars each
ARTICLE 9Th. The Indebtedness Of this Cofporaiien
shall not at any time exceed two and half per
cent on the capital stock. '-s@ .z's.fa " H5.' p
ARTICLE 5h The business Of this Corpor alton shan
be conducted by board Of Directors, nine in number
I'VE OF whom shall be residents Nonena County, whs
are elected by ballot annually the Monday IN
October; but said Board continue in once until new
board il elected and qualified. In the election Of cl-
GERS each stakeholder is entitled to vote every
share By him owned provided that stockholder shah
cast at any one election, than tenth he
whole number Of the votes Of the corporation 1hs
Secretary shall give thirty days notice in least one
newspaper published in the county at eleetisa
Of said board In case Of vacancy in said board ~
members shall proceed to HI it by the appointment u
another stakeholder Director Al oficers shall D
shareholders. Shareholders may vote by proxy, prp-
vided such proxy be made in writing to the Presdss
ARTICLE 9Th Within ten days after the election d
Board Of Directors, the members elect shall assemble
and elect President, Secretary and Treasurer. ne
Secretary and Treasurer shall not b members Of the
Board Of Directors. 4szya-ss -rlsy ysss Eass&
ARTICLE It'll. The President and Secretary shall
sign all coDveysnces assignments and ali bills Of sale
They shall sign and the Treasurer counter-sign all is
sues Of stock. No ISSUE sale, conveyance assign.
ment Of Stock Is binding upon the Corporation
cogn1ed As SUCH unless due record made by tho Sec
rotary IN book kept for that purpose II shall b. -
duty of the President in his absence the Secrea
at the request OF ten made in writing
call meeting of the Stockholders Of said Corporstion.
ARTICLE 9Th. The Secretary shall keep minute Of
all meetings Of the Board Of DIRECTORY and II he
Stockholders and perform all other duties usually per.
tanning TO said ONCE. Sa+H Ht- EEy
ARTICLE 9th. The Treasurer shall disburse Monica
only upon written orders Of the President signed By the
Secretary. He shall keep full account Of the anancss
and report the to the Boardof Directors annually,
and As often rs By them Requested. He shau 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 Saok-
holders present there be assessed upon eseh shse
tax Of two per cent upon its issued value; but go
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.
nes conveying title to land belonging % the Comvany
shall be held by the President in trust for e COMPANY
ARTICLE 18th. Every Shareholder shall build
house STORE with mot less than three winows ~
shingled roof No house building TO be built Of ps