The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1874-03-19
Articles Of Incorporation,
Adopted by Tama co.
Council Of Oranges
ofpet-rn Of Aus.

ARTICLE 1. Tffis Association shall be
known as the County Council of Oranges
OF Patrons Of Husbandry for the County
of Tama, in the State of Iowa. and its prin-
cpa! place of business shall be at Toledo,
in said county and State.
ART. ?. The general business of this As
ISOLATION shall be to buy, sell and ship all
produce. farm implements, machinery, mu-
steal instruments, sewing machines, dry
goods, groceries and household furniture
that may be consigned to it, and have a
general oversight OF the mercantile, me-
chanical and shipping Interests Of the or
der of atrons OF Husbandry Of Tama
| County, iowa, and such others as may
choose TO transact business with and
| through its agency.
| ART. 3. Ine capital stock Of this Asso-
citation shall be Five Thousand Dollars
| $4,000 in shares of Fifty Dollars $500
each and may be increased to Twenty
Thousand Dollars (S2o,0o0) by vote of
two-thirds Of the stockholders.
| ART. 4. This Association may commence
| business as soon as it is duly Incorporated
! aud twenty shares shall have been SUBJ
| scribed - its capita. stock. and shall exist
| for u term OF twenty years.
! ART. D. The Association shall consist of
| one member from en- h subordinate grange
| in the county that has been duly incorpg-
rated under the laws Of tae State, and has
subscribed to the capital stock OF the As
ISOLATION as hereinafter provided.
ART. 6. At the first regular meeting Of
the subordinate oranges i'll January Of each
year there shall ne elected a member of the
| Council, and he shall have authority to
subscribe as many shares TO the capital
stock of the Association as HE subordin ne
grange ma direct, and shah be entitled 10
u vote in the Council ior each share SO sub
scribed; but members elected fer the year
1874. may fill their term and perform all
the duties specified in this article.
ART Z. The capital stock of this Asso-
citation shall be paid as follows: One
fourth at time OF subscribing, one fourth at
the second regular meeting OF the Council,
| one fourth at the third regular meeting of
| the Council, and e-fourth III the fourth
regular meeting Of the Council bui the
Council may, by q majority vote, extend
| Council shall be on The Third Tuesday in
January III each year, at which lime the;
shall organize by el cling Chairman.
| Secretary, Treasurer, an Executive Com
mittee, composed Of five members and a Fl.
nance Committee composed of three mem
| be.s.
ART. 3. The executive committee shall
have power TO employ county agent and
such assistants az he may need, and shall
have general supervision of all Il re BUSH ess
OF the corporation. and may discharge any
inefficient person in ,hoir employ.
/ ARF ~. The hnaaca Commute shall ex
anime the accounts Of tie treasurer ana
county agent, quarterly, and shall settle
| Win then ~ the COS. Of tbs year, aud
make fall and complete report of such
settlements 10 the County Coancil
Akf. i. Regular meetings of the asso,
cation stall be held ut their rooms in
Toledo, on the third Tuesday in January.
Ap'll, June and October Of each year. ana
SPECIAL meetings may be called by The Sec
retary at the request Of the executive
| committee.
ARR. y. The Indebtedness of this assc-
citation shall at no time exceed two.,hi,ds
OF its capital stock subscribed.
ART. 10. The private property Of the
| members of this corporation shall not be
! liable for corporate debts
ART. ii. should this association dissolve
or sholld it be desrab t. make a diyi.
dend TO The stockholders Of the corporation.
said dividend shall be made pro rata 10
each subordinate grange, according 10 tie
number Of shares il has subscribed to the
capital stock Of the association, taking into
account The time the association ha, had
the use Of the money SO subscribed
ART. Is Amendments to any of tho
foregoing articles Of incorporation may be |
made by o two-thirds vote OF the stock
holders, through their representatives in
this association, at any regular meeting, |
notice having been given by publication in |
some newspaper OF the county four weeks |
In succession previous 10 such meeting, but |
no amendment shall be valid until reco ded T
and published, the same as were the origina |
articles OF incorporation.