Audubon County journal. (Exira, Iowa) 1884-1993, 1904-03-10

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is perfectly honest and trustworthy
and not afraid of work so that the
company now know that they will
have good line quickly built.
CONSTITUTION.
We, the undersigned, citizens of the State of
Iowa, do hereby associate ourselves as a body
corporate under the laws of the State of Iowa
relating to corporations for pecuniary profits,
and do hereby adopt the following articles. of
interpretations:
NJ, The name Of this corporation. shall be the
and aad M LHmber
Elk Horn, Shelby county. during the year 1904,
and at Kimballton, Audubon county during the
year 1903 and alternatingly thereafter, changing
each year on the day of the general January
meetings.
ARTICLE II,
This corporation shall commence business on
the 1st day of January, 1904, or as soon there
after as authorized by law so to do and con-
tinue for a period of Twenty Years unless
ARTICLE III.
This corporation shall have and possess the
powers, rights, and privileges prescribed and
permitted by law and such as are possessed By
IKE corporations in general, including the
right to take hold and dispose of real property
1or us owl use, to make, perform and enforce
contracts and to ira nsact any lawful business
connected with its business purpose and aim,
to sue and be sued, to have common seal. to
render the interest Of its stockholders transfer
able, to exempt the private property of its
members from liability for corporate debts and
40 any ana all acts necessary and proper to
carry out the purpose of this corpo1 alton the
same as private individual might do
ARTICLE ".
The purpose of this corporation shall be to
nd ,I,o,p H.. =
lal and fuel.
ARTICLE v.
The amount of capital stock authorized shall
pc twenty-five Thousand Dollars, which shall
pc divided into Five Hundred Shares of Fifty
ss e1iaTs s eash and shall be fully paid when
the pooks OF the corporation in the manner
provided by the bylaws but such transfer shall
not release the stockholders from any liability
| Tor unpaid subscription on said stock
ARTICLE VI.
The highest amount of indebtedness or liza
t pity to which this corporation shall at any
time be liable shall not exceed twothirds of its
1 capital stock. I'D mn n. =
ARTICLE VII.
shall not be able for o.
ate debts or obligations.
ARTICLE VIII
l
regular OF special meeting Of the stockholders
by two.t thirds vote of all the stockholders Of
i this corporation. =
ARTICLE TX.
4 These articles may be changed at any regular
OF special meeting OF the stockholders BY a two.
tnlrds vote OF all stockholders of this corpora
ton provided further that no vote can he taken
TO change these articles unless notice of such
proposed change be mailed to the last known
ad sns OF each stockholder at least ten days
/ al NH. oh =, 4.
4 erect such change and the notice must
specify the meeting at which it will be asked
| to make such change, as -35
i ARTICLE x.
This corporation may enact adopt. change or
alter bylaws of this corporation and rules and
regulatlons for its government, conduct and
management not IN nsistent with these arti-
cies OF incorporation and the laws of the State
OF Iowa at any regular or special meeting.
ARTICLE XII. G
The general affairs of this CORPORATION shall
be managed and conducted by board of d.
ARTICLE XII.
1 Section i. This corporation shall hold one
regular meeting each year at it's principal place
after the first Monday in January commencing
at one o'clock p. m. of said day. 72 y !
Section 2. Special meetings may be held upon
notlce thereof being signed by three officers or
ten stockholders and mailed at least eight DAYS
before said meeting to the last known post.
om;e address Of each stakeholder, said notice
the reason thereof; said meeting shall be held
at the principal place of business and at the
hour hxed for Irregular meetings.
Section =. No meeting of the stockholders
snail be entitled to transact business unless
twelve stockholders of the corporation are
| represented. Z
Section 4. Each stockholder shall be entitled
to one vote only, but votes may be cast by
proxy, al provisions in these articles with
reference to vote by stakeholder shall be gov
erned by this section.
ARTICLE XIII.
The officers of this corporation shall be as
Section1. A President. who shall hold his
Office for one year and until his successor is
elected and qualified and who shall be ex.
ollclo' member OF and the president of the
Section p Six Directors who shall hold their
offices until their respective successors are
one year. three for two years and thereafter
they shall be elected to hold office two years
respectiyey and they shall elect from their
one Treasurer to hold office one year
Sections The President and Directors shall
be elected at the regular January meeting oil
Section A.. The stockholders may by bylaws
prescribe the qualifications necessary and the
conditions to De complied with for the officers
OF this corporation, and no person shall hole
office in this corporation until he so oualifie.
and complies with the conditions prescribed
Section 5. Any officer or director Of this cor
poration may be removed by a two-thirds vot,
Of the stockholders. ~ Z
Section 6. Vacancies in any Office may b
filed by the board of directors and in case al
offices become vacant the vacancies may b.
filed by the stockholders at a regular or specia
meeting. - 81
Section7 Until the first annual meet ng an,
until their successors are elected and qualified
the officers of this corporation shall be a
follows:
Rasmus Hansen, President; Christ Christen
sen. Vice Presidents Peter Lykke, Secretary
S. G. Petersen, Treasurer; MAIDS Madsen. Diree
tor; Ole H. Jacobsen, Director; Chris Hansen
Director. 5
State of Iowa
Shelby county %
Before me, S. &. Peterson Notary Put
peared Rasmus Hansen, Chris ChristeI
sen, Christian Hansen. Peter Lykke, N
H. Madsen and o. III. Jacobsen, said pei
sons being to me personally known to b
the identical persons whose names ar
subscribed to the foregoing articles Of il
corporation and each for himself acknov
lodges the same to be his free and volur
tary act and deed for the use and purpos
therein expressed.
II Witness my hand Qua No+, =