Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-12-04
NOTICE OF INCORPORATION.

.~Notice is hereby given that the I'M
dersigned have associated themselves
together as body corporate under tne
laws of Iowa. That the name ant,
style Of this corporation shall DO Mutua!
Book Concern, and by that name II
shall possess the right to contract ana
be contracted with, to sue anu be sued,
to own property, real anu personal, and
to transact all the business pertaining
to the carrying out Of the purposes OF
this organization, and generally shall
possess all The rights and powers enum-
Grated in section 1883 Of The code. -.
The principal pla' of business shall
be Des Moincs, Ia. The purposes and
object Of the corporation shall be to
publish and have published books. etc,
20 buy and sell publications or novel,
lea Of concerns, and to do general
book and novelty business and to han.
die agents in such BUSINESS. Capital
stock shall be 25tW, divided into
five hundred 5000 shares Ct 500 each.
This may be increased by two thirds
yute Of the board of directors to any
amount not exceeding 100000. This
stock shall be of two class cs. preferred
and common. BY two Thirds major
lty vote OF the board Of dirt ctors the
president and secretary may issue pre-.
fprred stock 10 an amount not exceed
$500, but only OH actual pa. ment OF
money. or value deemed, by u board
# directors, to equal stock so issued.
Dividends shall first be declared on out
standing preferred stock, but not to
exceed : ger cent per annuD, after that
and in addition thereto; dividends shall!
I've declared equally on both classes ot
stock. business shall commence at
the hfhe Ct fling these articles Of in |.
corporation in The Office OF the recorder
of deeds in Po:k county, and shall con-
tinue 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 be vested in 4 board OF not less
than three or over live directors, the
majority OF whom shall oonstitnte a
1uorum for the transaction OF business,
ind these directors shall be elected and
removed by majority vote OF the
stock present and voting at each An.
1ual meeting. and their term of office
hall be one wear. The board shall
,lect and employ and fix compensation
II all officers, employees aud agents.
Each share of common stock shall be
entitled TO one vote and each share of
preferred stock to two votes, such vote
nay be by proxy; and the annual meet
ny shall be he d at the office OF the
company in Des Moiues. Iowa, the first
Wednesday in September Of each year.
Special meetings may he held as pro.
yided by the bylaws. The highest
amount of Indebtedness shall not ex.
coed two.thirls Of the capital stock
ard private property of the stock
holders shall lie exempt from cor.
porate debts. Stock, when issued, shall
be paid for IN cash or property, and u
IN any property the valuation shall
be determined by the board OF direc'
tors, whose decision shall be ilnal as 10
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 non
assabIe. The board Of directors may
uy q two-thirds vote buy up stock, ano
if any outstanding stock shall not have
ceen paid in full, according to the
terms Of subscription. stock may be
declared forfeited and cancelled or
payment enforced.
The board of directors shall hav.
power to make, adopt, anull or rescind
i'll bylaws. The following persons
are the incorporators and shall act as
directors, until their successors ar
elected ard qualified: E. l.. Fraley, !
I. X. Wilson, }. Z. Campbell.
These articles of incorporation may
be amended at any regular annual or
4d journed meeting by q three-fourths
vote Of the stock present and voting.
E. l.. FEALEY,
I X WILSON,
j. f. CAMPBELL.
DES MONIES, low aug. ~. le:H.