Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-04-17
Notice Of incorporation.

Notice is hereby given that the under
signed have associated themselves to-
gether as body corporate under the laws
of Iowa. That the name and style OF this
| corporation shall be Mutual Book Concern
and BY that name it shah 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 the carrying out OF the pur-
poses Of this organization, and generally
Shall possess all the rights and powers
enumerated in section 1869 Of the code.
The principal place of business shall be
Des Moines, Iowa. The purposes and
object of the corporation shall be to
publish and have published books, etc. to
| buy and sell publications or novelties OF
concerns and to do a general book and
novelty business and to handle agents in
such business. Capital stock shall be $685.
| 600, divided into five hundred (50O)
shares of $50 each. This may be increased
| by atvo-thirds vote OF the board OF di
rectors to any amount not exceeding
| 100000. This stock shall be OF two
classes. preferred and common. BY 3
| two thirds majority vote OF the board of
directors the president and secretary may
| issue preferred stock to an amount not to
exceed s15, 900, but only on actual pay
msnt of money or value deemed, by the
| board of directors, TO equal stock SO is
sued, Dividends shall first be declared on
outstanding preferred stock, but not to ex-
| eeed Z per cent per annum, after that and
| in addition thereto, dividends shall be de-
clared equally on both classes OF stock.
Business shall commence at the time of
| filing these articles Of incorporation in the
office of the recorder of deeds in Polk
county, and shall continue for twenty
years unless, sooner dissolved by an at
/ firnlative vote of the majority of the stock
outstanding, and shall have right OF re-
newal as provided by law. Tho powers
Of this concern shall be vested in board
| Of not less than three or over FIVE direc-
tors the majority Of whom shall consti-
| tute quorum for the transaction OF bust
ness, and these directors shall be elected
and removed by a majority vote Of tho
stock present and voting at each
annual meeting, and their term of Office
| shall be one year. Tho board shall elect
and employ and fix compensation of all
officers. employees and agents. Each share
Of common stock shall be entitled to one
vote and each share OF preferred stock to
two votes, sub vote may be by proxy;
and the annual meeting shall be held at
the Office of the company in Des Moines,
Iowa, the fourth (4) Wednesday IN
February Of each year. Special meetings
may be held as provided by the bylaws.
The highest amount Of indebtedness shall
not exceed tWo-thirds OF the capital stock
and private property OF the stock
holders shall be exempt from cor
porate debts. Stock, when issued.
Shall be paid for in cash or property, and
if in property the valuation shall be deter
mined by the board of directors, whose
decision shall be final rs to said question
Of valuation. All stock when issued for
money or property shall be deemed as to
both stockholders and creditors as paid in
full and worcestershire, Tho board of
direct ors may by trosthirds vote buy up
stock, and il any outstanding stock shall
not have been paid in full, according to
declared forfeited and cancelled or pay
the stock shall have power to make,
adopt, amend or strike out all bylaws.
Until the board of directors and officers
shall have been duly elected as herein pro
vided, the following persons shall act ~
follows: President, =. l.. Fraley; vice
president. l. K. Wilson; secretary and
treasurer, Lawrence M. Byers; who shall
also act az board Of directors. These
articles of incorporation MAJ be amended
ct any regular annual or adjourned meet
ing By three-fourths vote OF the stock
present and votlHg.
E. T. FRALRY,
i. X. WILSON,
T