Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-11-27
%Hansen & Markussen%
SGT EAST LOCUST STREET.
NOTICE OF INCORPORATION.

Notice is hereby given that the un-
dersigned have associated themselves
together as body corporate under the
laws of Iowa. That the name and
style his corporation shallbe Mutual
Iok Concern, and by that name it
,ssess the right to contract and
be contracted With. 70 sue ana DC Sued,
to own property, real and personal, and
to transact all The business pertaining
to the carrying out Of the purposes Of
this reorganization. and generally shall
possess all the rights and powers enum.
Grated in section 1863 of the code.
The principal plat g Of business shall
lie Des Moines, IL. The purposes and
object CT the corporation shall be to
publish and have published books etc,
! to buy and sell publications or novel.
ties Of concerns, and to do q general
book and novelty business and to han.
die agents in such business. Capital
stock shall be S95,COO, divided into
five hundred 5000 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 declared 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
stock. Business shall commence at
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
majority Of the stock outstanding, and
shall have right of renewal as provided
by law. The powers Of this concern
shall he vested in a board of not less
than three or over live directors, the
majority of whom shall constitute a
quorum for the transaction Of business,
and these directors shall be elected and
removed by q majority vote Of the
stock present and voting at each an
nual meeting. and their term of office
shall be one year. The board shall
elect and employ and fix compensation
Of all officers, employees and agents.
Each share OF common stock shall he
entitled 10 one vote and each share of
preferred stock 10 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 rs 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 be exempt from cor
porate debts. Stock, ISSUED, shall |
be paid for in cash or property, and if !
in any property the valuation shall |
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 be deemed as to both stockholders
and creditors az paid in full and non
assable. The board of directors may
by two-thirds vote buy up stock, and
II 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.
The board of directors shall have
power to make, adopt, anull or rescind
Ill bylaws. The following persons
IRE the inc0rp0rators and shall act as
directors, antil their successors are
elected and Qualified: +. l.. Fraley. J,
!. K. Wilson, J, +. Campbell.
These articles of Incorporation may
~ amended at any regular annual or .
adjourned meeting by three fOurths
'ote Of the stock present and voting.
E. 1. FRALEY,
|. X WILSON,
j. E. CAMPBELL.
DEs MONIES, lows. Aug, %, 1896.