The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1873-03-06

tons Of ihis Corporation
ANT YL Iba Capuai Stock of ths Cor-
poraton sbali be Twelve fhoasabd DOE
ias per allie Of ROAD but, the same
may at any tiue, Ivy ytte - twu-
birds OF he Stockholders, or, II deem
ed necessary by the Board vi Directors be
Increased o. iminishei 1T amy regular
meeting.
ART VII The stock shall be divided
into shares of Fifty toilars each
ART VIII. No person shall no entl|ca
10 more votes than on ore hundred shares.
ART lX The sn,rss sh u be transfer
able from aud after the date If completion
of the read from Davenport 20 Iowa Falls
bun such transfer must he male and entered
on the Books OF Record Of the Company,
and no stockhoder shall be entitled TO =
vote or votes. on stock, not appearing on
said Records, by the person claiming 10
own the same Notice of any such trans
fer ami sale Of stock by stock holders mu<t
be given forthwith TO the executive officers
OF this Corporation.
ART X Any person, osning one or more
shares of the stock, shall be considered n
memhsr Of this Corporation and shall az Vii
regular meetings Of the Stockholders be il
Titled 70 9 vote for each share Of stock
owned by suea persons provided, rs hereto
fore stated IN Article VII, ana may cast
such vote by amy other person hereto au-
thorzed in writing frr the purpose.
ARR Xl. No part Of the Stock is re-
qui, ed to be paid Al Tie time Of suhscltp-
ton After he amount Of S30tao0 of
the Stock IL subscribed. the itiletrals may
order snch ipsialmc 10 he pad ca shs ~
~ tlcv may deem necessary, Tor the -peraH
construction OF SAID roa". or any patt t'ffre
Of. Ru, no ASIA lment SHALL exc c1 ~ euty
yer centum at any one time, ana siaiy not
be ordered more often than one IN one
month Notice of such instruments re
uuirei shall be inserted IN some news
y per published in the county, where the
principal Office Of the company is located
ART. XII. The Company sh4l have Il
len upon all the stock subscribed for all
unpaid nslalmcuts, and tie Directors may
declare al such pre ious payments thereon
Forfeit 1T, II he in-tlllments legiel are no
paid within thirty days after they become
due, ma ,hry shalt be due one week from
he publication IN ifpreaail.
ARr. XIII. The private property of In
aiviiual Stockholders snrlt be exempt
from III paya.ent Dc he corporate debts
and ljahitit e. al said Corporation.
ART. NV The aiinirs naa hnaincss oft is
Corporation shah he managed ny Fifteen
Directors, and thvy are asa Board hereby
iuves'ci with all the powers AND Authority
10 eany out SAID business affairs mai on
" Of whom shall cansti'Iie Quorum.
ART V. The Board o, Directors
shah elect from thrir own numbpr mn Exc
cWlve Committee, composer Of Presid.u'
Vice President, TREASURER iui Secretary,
whose au,ics shall he such rs senerajh
pertain 10 sucl, ,f5ces. and said Directors
shall I'll all vacancies in sail Beard. Sud
officers slali hoa theis Offices until thr,r
succcssots M. elected anl qualified
ART. XVI Thr BoaAa II Directors
shsll be Stockholders Of the orforntjou
aud leas, three forths Of them ahlll be
residents Of the State Of Iowa
ART. XVII re Treasurer AMI the
Secretary shall he required % give sue,
setliejeut Bonds ma approved u,sties as
sail Bard ot Directors may require au
aese best for Tie corporation.
ART. ANiil \ / proceedings Of sal
Executive Committee y us N eiiugs SHAH
~ recorded III HE ho0S 81 minutes ~ ~
SECRETARY, l. p'tsert, il nnt the piinuies
sha be- siEned Ivy the ooen,itt.e and filed
~ita ina sesfeIHfy WIG fbs3 eHfer ths
salle 81 thc REQ - q tAe tHmplay
A&F. XIX Ire puuui4 meeting II tic
t5mpNaA shall hc he ~ IS ptinc pal oil
61e Of Rnstuass On ne hrSt Tuesday IN
luoe taeh Year. nj Whirh titHe the etoc ion
4 aircesars f9y the ensuing Year sjai take
| place, aa ~ saoa thereafter II, tra. iat p .
| tos Boa,el OF nirrc'a4s soeiec' III saa4 81 lee
| aam their ua@bei i,ceilent. tice Rfesi-
1eAt, Treasurer eu Secretary For tiIe eH-
suing yese
ART. NIX The Secretary sls,ll lsteb ii
| tpll amt enrtyei account ofall affairs, anf
Proceedings IT tte Company whch shaf
vt 81 tines during lae business hsuFs
aud DAYS he subjeei to the INSPECTION OF
| any Stockholders.
ART NNt. The nnarlof Directors Tor
| the Executive Gauaailtee1 nay employ such
| clerks mana gegs AMI agents 50 they deet.
f, essential for tie gooi of the Company, and
| they ara also empowered 10 make 4ueh ar
rnagements with rites who desire to bs
| coms Stockholders in this Corporation Il.
! thes RAY deem advantageous 10 The cornor4
! ion, and aetsrmjue IA what proportion tlie
| Stock shall Ire paid, aud % make such By :
Laws aal Regulations rs they may deem
| necessary Tor the government Of the officers
| and Empiayees of sstid Corporation
| ART, NIL. Tie pireetors shah have
| full power aud authority 10 issue Bon In. TO
| borrow meme ana endorse Bonds, which
may he issued by any persoa or corr ora
| ton for the purpose OF assisting in the con
| strnetion of said Railway, Provided tina,
! tie Indebtedness Of 'he Company ehall net
| At any time eSe,ci sw0-thIds Of he capi-
| tai stoc&-apa lie Directors sha.l have fu.4
power and authority to lleage n m rgage
said Railway ~ psapertv OF this Corpora
| tion as security t6f m aeY borrowed. or
| Bonds issued 10 secure ne performance
| of any lawt,a contract Of said 60 poi',, iaa
| Which stna 'ir,e shall DO grea.er raau
| rwelva Thousand Dollars per mile q road.
AL deeds, bonas and Mortgages eha Sc
| signed hy the President anl Secretary
| Of the coup ny. ihe Bonds issued shall
no. exceed E1ght Thousand uoila4s 10
| he mile Of road ana the lock issued Shall
not exceed Twelve fhaasaal Dollars to The
| mile Of read. Said Bonds 10 draw iateresf
not exceeding eight per een,ual per annun
ART AXlli. The Directors may call
| special meetings of The Stockholders at any
time they deem il eSpedieat, aud shall cali
such meetings when thcreuuto request ed Ia
writing IS n majority Of stockholders by
| shares, Of which nneeling four copseeutir -
| paper putAshed in tAe county wnere the
| pfiacipsl Office Of The Company il located,
snail be given Of thsiimc and place Of hold
ing such meeting
ART AAiN. No sale cr transfer OF lie
franchises of thistorporaton shat, be made
without Il 9 consent Of "A three toartAs vote
| Of he Stockholders present AL Getting
specially called Tor that purpose, Of which
II. 49,.
.seeullvs weeks IN some weekly newspaper
published IN the county. where The priaci-
pal ONCE OF The Corporation is located
All, AAN. These Articles of Incor.
poratlon may DO altered or amen led a
any ueptinU of tina Starbha4j.,.