Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-11-27
NOTICE OF INCORPORATION.

Notice is hereby given that the nn-
dersigned have associated themselves
| together as a body corporate under the
| laws of Iowa That the name and
style this corporation shall be Mutual
Book Concern, and by that name it.
shall possess the right to contract and
! be contracted with, to sue and be sued,
TO own property, real and personal, and
| TO transact all the business pertaining
| to tile carrying out OF the purposes of
this organization, and generally shall
possess all the rights and powers enum-
Grated in section 1859 Of the code
The principal plateof Business shall
lie Des Moines. Ia. The purposes and
object Of the corporation shall be to
publish and have published books, ETC.,
, TO buy and sell publications or novel
ties Of concerns. and to do a general
book and novelty business and to han
die agents in such business. Capital
stock shall be S25,G00, divided into
| five hundred f50el shares of $50 each.
This may be increased by a two thirds
vote of the board of directors to any
amount not exceeding 100000. This
stock shall be Of two classes, preferred
and common. BY two thirds major
| ity vote of the board Of directors the
president and secretary may issue pre-.
| ferred stock to an amount not to exceed
| $4,000, but only on actual payment of
money, or value deemed, by the board
| of directors, to equal stock so issued.
Dividends shall first be declase ed on out
standing preferred stock, but not to
exceed per cent per anDum. after that
and in addition thereto, dividends shall
| be declared equally on both classes of
/ -t% AZ DE; 81 al ~
1 the time OF filing these articles of in
corporation in the Office Of the recorder
| Of deeds in Polk county, and shall con-
| tlnue for twenty years, unless sooner
| dissolved by an affirmative vote of the
4 majority of the stock outstanding, aud
4 shall have right of renewal as provided
4 by law. The powers OF This concern
/ shall be vested in a board of not less
| than three or over i've directors, the
| majority of whom shall constitute
/ quorum for the transaction Of business,
| and these directors shall be elected and
/ removed by majority vote of the
! stock present and voting at each an
4 nual meeting. and their term of office
| shall be one year. The board shall
/ elect and employ and fix compensation
i. of all officers, employees and agents.
! Each share of common stock shall be
1 entitled TO one vote and each share of
/ preferred stock to two votes, such vote
may be by proxy; and the annual meet
| ing shall be held at the office of the
company in Des Moines, Iowa, the first
Wednesday in September CT each year.
Special meetings may be held as pro-
/ yided by the bylaws. The highest
/ amount of Indebtedness shall not ex
coed two. thirds Of the capital stock
and private property of the stock
holders shall he exempt from cor
porate debts. Stock, when issued, shall
be paid for in cash or property, and if
in any property the valuation shall
j be determined by the board of direc-
| tors. whose decision shall be final as to
said question of valuation. All stock
when issued for money or property
| shall lie deemed as to both stockholders
/ and creditors as paid in full and non
assable. The board Of directors may
] by two-thirds vote buy up stock, and
! if any outstanding stock shall not have
been paid in full, according to the
terms of subscription, stock may be
declared forfeited and cancelled or
payment enforced.
4 The board of directors shall have
| power to make, adopt, anull or rescind
all bylaws. The following persons
| are the incorporators and shall act as
! directors, sntil their Successors are
| elected aud qualified: Z. H. Fraley,
/ /. Il. Wilson, j. Z. Campbell
/ These articles of incorporation may
/ be amended at any regular annual or
adjourned meeting by three-fonrths
vote OF the stock present and voting.
E. /. FRALEY,
|. x WILSON,
j. Z. CAMPBELL.
Dies MONIES, Iowa, Aug 70, 1886.