The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1873-09-04

Cedar Rapids during State Fal
week, which commences sep'embe
8th."
Articles Of Incorporation
or The Pssrs.a' Joins stock CenpAn \,
81 Traer. Tana Cosasy. 1o~a.
AarICLE LIST. Be it known that Robert NJ,
Cornack, 8. N. West, g. 3. Lawson, Thorn
son Weir. E. d. Rice and Japes Morrison
with their associates and suec sssors, and
all such individuals as shall hereafter be.
come stock holders III this company, hereby
created, shall become body corporate and
polite, under the meme and style of the
Patrons Joint Stock Company of Traer
Tama County, Iowa, rs authorized in Chap
ter 50, revision Of 1860 Of the laws Of Iowa,
and acts amendatory thereto.
Arr. I'd, The general and principal BUS
mess shall be the buying, selling, storing
and shipping grain. hogs, cattle and all
kinds Of farm produce.
AIT. Sd. The place Of business shall be
Traer, Tan1a County, Iowa. No person
shall become q member Of this corporation
unless he is farmer, and shall subscriber
to one or more shares OF The capital stock
thereof. Stockholders may be residents Of
Tuma aud adjoining counties.
ART. 4th. The capital stock Of this COM
pany shall BIZ twenty thousand dollars, in
shares Of ten dollars sac,, 10 be paid enc
quarter upon the call Of the Directors, one
quarter upon the completion Of building
and the balance in two installments of one
quarter each at the call Of the Directors Of
the Company. No stock holder shall hold
more than twenty sh'res Of said capital
stock. This company may commence bus
mess when Eve thousand dollars of the cap
ital stock shall have been subscribed and
taken, aud IS per cent. thereof paid in.
The capital stock may be increased to fifty
thousand dollars at any regular meeting OF
said stockholders called for that purpose.
ART. 9Th. Upon the subscription # TWEEN.
ty-fve hundred dollars Of the capital stock
the stock holders shall at once proceed TO
elect, and shall thereafter on the second
Tuesday of July of each year elect seven
Of their number as Directors Of this CON-
pany, at which said election, and all subse-
quent elections, each shareholder shall. be
entitled to one vote. Sal Directors shall
remain in office till their successors are
elected
ARr. 9th. The Directors shall at once
p oceed to elect from their number a Presi.
dent, Vice President. Secretary and Treas
urer, who shall hold their Office for one
year.. and until their successors shall be
elected.
ART, It'll. The President aud Secretary
shall he the executive officers of the com.
pany, subject to the control of the Board Of
Directors The Vice-President shall J. err
form the duties Of the Presiden, in his alb
sence or disability. The Secretary shall
be the Recording, Auditing and Accounting
officer Of the company, to be the custodian
OF all books, papers and vouchers, all If
which books. papers etc., shall at all times
Of business hours be open to the ms pec,ion
of the stockholders of the company.
ART. 8,h.. The Board of Directors shall
have the power to employ a suitable person
or persons carry on and manage any
part Of the business of the company, at a |
to be determined by said
Board. Said person or persons 10 be al |
ways under the control and direction of |
said Directors, who may, ii deemed eA peli |
emit, require such person or persons to give |
bonds to this compan" conditional for a |
faithful discharge of their duties at snch |
sums as said Directors may see fit. Said
Directors having the power TO discharge. At |
my time. any such persen o" persons en-
oloyed, ind 10 employ others Ia their stead. /
ART. 9th. Said Directors shall rs soon
'fter being elected as may be, proceed 10
ldop: bylaws for the managem mt and al,
'ection OF this company, and of themselves
lot inconsistent nor repugrant to these
rticles, which said bylaws may lie amend
ID or altered at any meeting Of said Direct,
RS by majority thereof
ART. 10Th. The regular meetings of the
stockholders OF this company snail be on
he second Tuesday Of January aud second
tuesday Of July Of each year, at which
meetings. these articles may be amended or
hanged by two>thirds vote Of the stock,
olders present at such meeting. The reg
liar meeting Of the Directors shall be on
aid days, and at such other times as thew
aay provide for by bylaws.
ART llth The existence Of this corporn.
ion shall! commence Saturday, the 10Th
lay OF July, 1878, and continue for the
srm OF ten years, unless sooner dis rolved
UGH dissolution shall be by q vote of a
majority Of tbs ssock-holder Of said com.
any, At . regular meeting or at 4 special
'eeting called for that purpose. Previou.
ptice Of such intention to dissolve 10 be
i've in each case BY publication in some
ewspaper printed in Taua County, Iowa.
least twenty days before said meeting.
ARr. 18th. The indebtedness Of this com.
any shall in no case exceed seventy. Eve
or cent. Of the capital stock subscribed.
Art 18th. The private property of the
Of this company. other than
leir stock. shall not BE- held liable for the
pbts Of the company.
AaT. 18th. The company may build, purs.
lase and receive, hold, lease and tran sfer
exchange any building or elevators that
~ De deemed desirable TO- the transac.
on OF its business, with sufficient real a..
10 to answer the purpose thereof. The
'nveyances and leases of real estate shall
made and signed by the President and
ecretary.
AaT. 10th. That the Directors Of hi.
'mpany shall to paid the sum Of two dbl
g ior eacn day spent in the company's
rv'ce, and that the Secretary shall re-
I've n addition 70 the above sum one dol.
r and fifty cents per day.
ARr. ljth. That il be the duty OF the Di.
ctors to manage the business or the com.
ny % near IS practicable to pay a diyi-
no OF ten per cent. on subscribed stock
JAss: Mo.,,os,
RoBsar McCoRxAcx.
S.N. WEsr,
3. D. RICE;
GEoR0g .. LAWSON.
Tnoxsox WEIR.
rA.. ceus N.Y. ''
ne It remembered that on the 81 A. -