The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1873-02-20

thirds Of HE Stockholders, or. II deem
Ell necessary, BY the Board OF Directors be
Increased or diminished at any regular
meeting.
ART VII The stock shall be divided
INFO sh arr Of Fifty toltars each.
ART VII No person -haa ha ent7'cd
10 more 70 es than 80 ore hundred 81 ares.
ARE TX. The shares n 7 he transfer-
able from aud after The date Ct completion
| Of th read frcm Davpnport to Iowa Fats.
Sat srch transfer must he made and entered
on The Books ct Record of the company.
and no stakeholder shall be ENTITIES 20 .
vote. Sr votes. on STICK, not appearing on
saii Records. By the person elatn ing to
avn The sans Notice of any such trans
fer AMI sale Of stock by stock holders musl
be given forthwith % the executive oE4ters
Of this CORPORATION.
ART x. Any person. oEniag one or more
shares OF the stock, shall Re considered a
memhar Of this Corporation and 7hall ~ hlI
regular meeting Is OF the ctockt Oilers be en-
Tiled 10 . : vote for each share of stock
owned by sucti persons provided, ~ hereto
fore stated in Article VIII. ana may cas-
such vote BY any other person hereto aa'
/ thorfzed in writing Tor the purpose.
ART XII. No part If he Stock = re-
quired to Be paid st tile time OF sGhscrlp-
lion. After The amount Of S30o:J0o, OF
tile Stock il subscribed, the Directors may
order such instalment- 70 he paid IN shares
a. they mag deem necessary, for the speedy
construction OF said rota, Or any part there
of. But no i lstatlmemt shetd exceed twenty
per centam ut any one time, ana sinai not
be ordered more often than oace ~ one
month Notice of such irstaIments re
4 g. A. .-...T = 49,. nars
d. per published in the county, where the
principal Office of HE company Il located.
ARE. XII. The Company shall have !
lien noon III lie stock subscribed for all
unpaid f~nstaIImeuts. anl the Directors may
dpcltre all such previous payments thereon
forfeited. If HE instalInent- levied are n0t
parI within thirty lays afer they become
au aud they shati be due oae week from
Me- publication ~ lfore-a,i,
ART NH. ghe private properly Of In
iivIdGal Stockholders shntt BE exempt
from the ptvreat Of the corporate debts
and liabiIitie. Of SAN Gyrpsrariaa.
ART. NV Tie fairs n a ku.iues. ofthis
Corporation shall be managed by Fifteen
Directors. anil rhey are MS a Board herehy
inves cl With aII Inc powers anil authority
to curry out sail business Affairs. a majors
] - VI " SftiAs FAAE' tN% ~ Ne~F HAAs
ART V. The Board OK Directors
shall elect flem their own nunber an Exc
cttlve Committee. compose eli . Pres len
Vice President, Treasurer aud Secretary
whose dulles shall be such "a genera "
pertain 10 such Offices, aai -ail pirect5r-
shah * att VACANCIES IN said Board Sril
6ficsrs slait bold their offices un1il theil
SUCCESSORS ar. eGee'eI and qualified
ARG XVI TIE Board IT Directors
shan be stockholders OF the corporation
ana . ietst lhres tartAs of the SHAH be
residents ct the cttte Of Iowa.
ART XVII lac Treasurer anI The
>peretlry shall E4 required to give sue.
= %ticipnl Bon md approved s~areties ~
-tiat Btartof b4reciers nliay require aaJ
TEAM best for tire cooperation,
AIT. NY II AL proceedings ofsa;}
Executive Committee at ifs msetiags shait
be recorded ia the book Of inmate. by Le
Secretary, il present, if not the -~iautes
sha be signed hy the COMMITTEES ana fled
with tbs >eeretafy who shah tntsr lie
same an tHe Teco IL Of tse Company.
Art. XIX TIE annull meeting II TIE
Company shall Be held at - psincpal g.
iits. ct Business ca G4e FIRST iaespiav Ia
lime saeh year. ~ Which time tAp eIee ion
n piree,qrs Tor the eas45ug year al take
&c 8aarl u Directors SO efec.s 81 50 -eIeef
som tileir uambe1 a President. Zee Ptesi-
lead. Treasurer AMI Secretary for tha en-
suing year
ART. Xxx. The secrpt,rv sl,iH seep a
tnll AMI correct account OF nj affairs. AMI
proceedings Of tie Company whicl .ba}s
at a4f fipes during lae basinrz- l,aurs
ana days be snbiecf to tue iaspectloa o3
any Stakeholder.
Art. xxi. ia Roarl d Directors ~
the E&ecattve Committee MY employ saes
6 efks, managers an3 agents ~ tApp dee
Is seta4iaI for the Ee0d a lie Company, all
hey are also empowered - make .ueh ar
Engagements with p~trtie. waa desire - BE
come Stockholders ia tAfs Corporation ~
they may deem advaettgeoI5 10 Tie curnnrn
zion, and aeiermfne ii gkal proportion the
Stock small he paid, and - make sucA Nv
Law aEd Regulations a. they mag daea
accessory for the government Of the officers
and Employee. Ut said Corporation
ART. NXIf. Tie Directors shati hare
fall power and authority to issle Bon Il. 10
borrow paene and endorse G9a,ls. which
my he issued ~ an person or Coz ora
tion for the purpose Vi assisting IN tie Goa
struction OF sid Railway. Provided that
tie Indebtedness d he Company shat Got
AT any time exceed t~o-talfds e II. earl
tal -toek-apd the Directors shall have fan
power md IA herFty to Pledge r nj figage
said Railway or r. pertv Of this corpora
ton a. security for m new borre ve1. or
Bonds i.sned 20 secure the peefornaeca
Of any lawful contract e -aid % p~ora,ioa
which at no time -htIl be greater than
Twelve Thousand Dollar. Per mile Of road
All deeds. bonds AMI Nor gages -hal be
signed by The President ani Secretary
Of the comp ny Ihe Bends issued shall
not exceed Eight thousand Dollars -
he mite al road aaI tha . oek issaet shall
no. exceed Twelve Thousand Dollars 10 the
mile Of re1d. Said Bonds to draw 1Rferast
not exceeding eight PEI eentum per annam
ARR AXI4I, The Directors nav call
special meetings OF the Stockholders ~ aay
lime they deem il exFeIient. and Shall cali
SUCH meetings when thereunto requested ia
writing by a majority OF Stockholders by
shares q which rssseiiAg four con s~ecgii7e
weeks previous NOTICE ia some weekly newa
PAPER po blisbed in the county where the
principal ofaee 81 lie Company Is le.ated,
snail be given q IL time ana place ii hell
ing such meeting
ART. XIV. 10 sale or transfer 81 ths
fra nchIeses OF fhistarporatton shall be made
without ii g consent OF a three-foartbs vie
Of the Stockholders present Ii d eeti6g
specially called fer tAat purpose, Of which
notice snail have been published four cea-
secuttve weeks 10 sonle weekly newspaper
published IN the county. where he prlaci-
pal oHlce OF the Corporation is located.
Ar. XIV. These Articles Of Jncor.
F~ofation may be altered or amen led AZ
any meeting Of the Stockholders after
thirty days motto specifying the pr posel
amendments published in the aforesaid
newspaper. provided that three -fourths Of
all the Stock shares represented shall favor
snch alteration or amendments. These a..
LIcles NAY Ala he aman ip,I hu a - -: