Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-05-08
Notice OF INSTRUMENTATION.

! Notice Is hereby given that the under
| signed have associated themselves to
gethcr MS q body corporate under The laws
of iowa. That the name and style of this
corporation shallbe Mutual Book Concern
and by that name ii shah possess the righ
TO contract and be contracted with, to su(
and be sued, to own property real ant
personal, and 70 transact all the business
/! pertaining to the carrying out OF the pun.
poses of this organization, and generally
shall possess all the rights and powers
enumerated in section 1863 OF the code.
The principal place OF business shall bt
Des Mones, Iowa The purposes and
object OF the corporation shall be e
publish and have published books, etc, &c
buy and sell publications OF novelties Of
| concerns and to 10 d general book and
novelty business and TO handle agents in
such business. Capital stock shall be $50
600, divided into five hundred (50O)
shares of $50 each. This may be increased
by two-tllirds vote of the board Of di-
rectors to any amount not exceeding
100000. This stock shall be of two
classes, preferred and common. BY a
| two thirds majority vote OF the board OF
directors the president and secretary may
issue preferred stock to an amount not to
exceed SO, 900, but only on actual pay
ment 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 MOTTO eX-
ceed per cent per annum after that and
in addition thereto, dividends shall be de-
clarea equally on both classes Of stock.
Business shall commence ut the time OF
fling 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 anal-
iirmatiye vote OF the majority Of the stock
outstanding. and shall have right OF re-
newal as provided by law. The powers
of this concern shall be vested in a board
OF not less than three or over five oirec-
tors, the majority Of whom shall consti-
tute 4 quorum for the transaction Of bust
ness, and these directors shall be elected
and removed by q majority vote Of the
stock present and voting at each
annual meeting, and their term of Office
shall be one Year. The board shall elect
and employ and fix compensation fall
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 MONIES,
Iowa, the fourth O. Wednesday IN
February Of each Year Special meetings
may be held as provided by the by laws.
The highest amounted indebtedness shall
not exceed two4thirds 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 orproperty, and
If in property the valuation Shall be deter
mined by the board of directors, 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 as paid in
| full and worcestershire The board Of
! directors may by q two-thirds vote buy up
stock, and if any outstanding stock shall
not have been paid in full, according 10
| the terms Of subscription. stock may be
| declared forfeited and cancelled or pay
ment enforced A tliree-iourth vote oil
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 rs herein pro.
yided the following persons shall act as
follows President, Il. t. Fraley; vice
president. /. K. Wilson; secretary and
treasurer, Lawrence NJ. Byersi who shall
also act as board Of directors. These
articles of incorporation ma he amended
at any regular annual or adjourned meet.
ing by three-fonrths vote Of the stock
present and voting
T. l.. ERALEY,
/. X. WILSON,
LAWRENCE NJ RYFRS
Des Moines, Iowa, April IG, 1896.