The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1873-03-13


ed necessary, by the Board of Directors be
increased or diminished At any regular
meeting.
ART VII The stock shall be divided
into shares If Fifty rollar- each.
ART VIII. No person shall lie entitled
| 10 more votes than on one hundred shares.
ART. TX. The shares shall be transfer
ahre from and after the date CT completion
| of The read from Davenport to Iowa Falls
| bur such transfer must he made anil entered
I on the Books of Record of the Company,
| and ns stakeholder shall be entitled to a
| vote, or.yotes, on stock, hot appearing on
said Records, by the person claiming to
| own the same Notice Of any such trans
| fer and sale Of stock BY stock holders mast
! be given forthwith TO the executive otticers
of this Corporation.
| ART ~ Any person, owning one or more
shares Of The stock, shall he considered a
mem bar Of this Corr Grafton and shall ut all
regular meetings Of the Stockholders be en-
| titled 70 one vote for each share Of stock
owned by such persons provided, as hereto
| fore stated in Article VIII, End may cast
such vote by any other person hereto au-
thorized in writing for the purpose
ART. XII No part of The Stock is re-
! ouired to be paid at the time Of suhscrip-
| ton After he amount of 100000, of
the Stock is subscribed, the Directors may
| order such nstalnents TO be paid Gu shaie s
as hey may deeIn necessary, for the speedy
construction of said road. or any part there
| Of. But no isialliuent shall exceed twenty
| per centuIn at any one time, and sAgi, not
| be ordered more often th.a once in one
month Notice of such instalments re-
| quired shall be inserted in some news
| D. per published in the county. where the
principal Office of he company is located.
| ART. MI. The Company shall have
| lien upon all lie Stock subscribed for all
unpaid irsiailmcnts, and the Directors may
! declare all such pre- vous payments thereon
/ forfeit ID, if he instalments levied are NOT
paid within thirty days after they become
due, and they shall he due one week from
Me publication as aforesaid.
ART. XIII. The private property of In
! dividual Stockholders snail be exempt
from the payment of the corporate debts
and liabilities OF said Corporation.
ART. NV The aifails and business ofthis
Corporation shall be managed by Fifteen
Directors, and they are as u Board hereby
invested with all the powers aud authority
to carry out said business AFFAIRS, maj eri-
| ty of whom Shall constitute Quorum.
|
shall elect rom their own number an Exc
cutive Lommittee, cJmposea OF President
Vice President, Treasurer and Secretary,
whose duties shall be such as generally
pertain to such Offices, ana said Directors
Shall fill all vacancies in said Board. said
officers shall hold their Offices until their
successors are elected and qualified
ART XVI. The Board Of Directors
| H. IL b. III, Ial dora of lhr rorrnrattgu--
and a least three forths Of them shall he
residents Of the State of Iowa.
ART. XVII Tie Treasurer sui tbs
Secretary shall be required 10 give sue.
sufficient Bon'is and approved sarstles as
said Board Of Directors may tgqajre an
desu best FOR the corporation.
ART. ANit Al psnreeliug ofs.d
Executive Committee at ga u1retjpgs shall
b. recorded in the book of minutes by he
Secretary, il present, if NOT the .!ingtes
sha he signed by the committee and fled
with ina Sc: rotary who st2l enter ihs
same or the records Of ths Company.
ART KIN The aanuai ;:leeting Of the
Company shall be hsl. g, is principal Of
fee Of business On die first Tuesday in
june each year, at which time the election
II Directors for the ensuing year shall take
place. AM ~ seon thereafter ~ rfa eab'e
tA. Board CT Directors so elee. al shall sele, /
frcm their humble, a President Wee Pres-
dent, Treasurer ana Secretary To-, tAo en-
suing year
ART. XXX Tho secretar, shalt keep a
full and correct account OF all affairs, sul
proceedings of tie Company, which shall
at all times during the business hours
and days be ,ahjsci to Tie Inspection Of
any Stock holler.
an - ih' !Vafi u directors tef
'ie ,N'cu'l'o oo"'i",'eoj may employ saeh
oseiN' una a." ,se"ts 10 ties aes'a
esse"'-i ~ wy e0oo - my eoheaay, aaa
'hey s'e a''o ."' to"e.e' - HtAAe Eaeh ar
800 "'t" w., g "
epi"S N'oo - 't'ie ''if''.ttt9a as
'nes "iay W.. ~u'a ''Ase9os = 'ne corpora
~ "'''' I, - 'iuh ahe
i',G' e." :" &C. y
o'.. f.S.l.s 10y uee'n
- = s"e ot..eeio
IpT ivvt, ~, ,,:t
- - 's's
80 f 9a - ~
w 49, 80, ~ :. Do"a., "hieh
my "e ,ssuei " Ah' pe'soh Or CORPORA
s,rne,io,, If .,il psiI.av prs.'I.i 81, In
IL. indrbtedntss of fh, s,,nns,v -,
~ any time exceed tvo.tAlr,l. AZ = !. 90
tai st6ck-an,l thr Director. .6an bava IN
power and authority to ,is1ee er r, rt,a,,o
said Railway or ,rorertv ef I'll. ror,sora,
ton as securlt. for mane, torrane1 ar
Bonds issued. 10 secure The narta,naae.
Of apv lawful oont.act Of said rat,a.a,;a,
which no lime snail bs gf.a,sr ~,
Twelve Thousand D9llar, per mile of foad
All deeds bonds and MORTGAGE. hal -
aligned BY tho President ami sacretarv
OF tic con,n,nv. me Bonds ssnaa ebai1
not exceed E,gbt Thousand p.lla,s -
the mile Of road and the .foek issueat sb,1l
NOT exceed lively. rhon..nl D,n,r. -.
mile of read. Said Bonds 10 drsv i.1.r..t
not exceeding eight pei ceDtum n.r .nas,o
ART Xviii m. I,;,.e,a,.
s,a.;..i .. -a.,,,.. e -. CT =,