Audubon County journal. (Exira, Iowa) 1884-1993, 1904-03-31
HANS MApsEN.
kIMBALLroN, Iowa.
CONSTITUTION

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
| incorporation:
The name of this. corporation shall be the
and its principal place of business. shall be at
Elk Horn, Shelby county, during the year 1904
and at kimballton, Audubon county during the
each year on the day of the general January
meetings.
| ARTICLE II,
This corporation shall commence business on
the LIST day of January 1904 or as soon there
| after as authorized by law so to do and con.
| tlnue for a period of Twenty Years unless
sooner dissolved as hereinafter provided by law.
ARTICLE III.
| This corporation shall have and possess the
powers. rights and privileges prescribed and
| permitted by law and such as are possessed by
right to take hold and dispose of real property
for its own use to make, perform and enforce
contracts and to transact 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
do any and all acts necessary and proper to
carry out the purpose of this corporation the
ARTICLE ".
The purpose of this corporation shall be to
buy and sell lumber and other building mater.
ial and fuel.
The amount of capital stock authorized shall
be Twenty five Thousand Dollars which shall
be divided into Five Hundred Shares of Fifty
Dollars each. and shall be fully paid up when
the books 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.
blllty to which this corporation shall at any
capital stock.
ARTICLE VII.
The private property of the stockholders of
tins corporation shall not be liable for corpor-
ate debts or obligations.
ARTICLE VIII.
This corporation may be dissolved at any
by two-thirds vote of all the stockholders of
this corporation.
ARTICLE TX.
or special meeting OF the stockholders by two
thirds vote of all stockholders of this corpora.
tlon provided further that no vote can be taken
TO change these articles unless notice of such
proposed change be mailed to the last known
address of each stockholder at least ten DAYS
before the meeting at which it is proposed to
erect such change and the notice must
specify the meeting at which it will be asked
to make such change.
ARTIcLEx.
This corroro tior on,,+ ,da,,4
alter bylaws of this corporation and rules and |
regulations for its government, conduct and |
management not in consistent with these arti
cles OF incorporation and the laws of the State
OF Iowa at any regular or special meeting
ARTICLE x1.
The general affairs of this corporation shall |
be managed and conducted by board OF di. |
rectorS.
ARTICLE XII.
Section 1. This corporation shall hold one
regular meeting each year at its principal place
81 business to. be held on the first Thursday
after the first Monday in January commencing
at one o'clock p. m. of said day.
sectlon z. Special meetings may be held upon
notice thereof being signed by three officers or
ten stockholders and mailed at least eight DAYS
before said meeting TO the last known post
office address of each stockholder said notice
shal state the date OF the proposed meeting and
at the principal place of business and at the
hour fixed for regular meetings.
SECTION 3. NO meeting of the stockholders
shall be entitled to transact business unless |
twelve stockholders of the corporation are
Section f. Each stockholder shall be entitled |
to one vote only, but votes may be cast by |
proxy, all 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 |
follows:
Section /. A President. who shall hold his |
office for one year and until his successor is |
elected and qualified and who shall be ex. |
otficio, member of and the president of the |
board of directors.
Section 2. Six Directors who shall hold their
offices until their respective successors are
elected and qualified; three shall be elected for
one year, three for two years and thereafter
they shall be elected to hold office two years
respectively and they shall elect from their
number, one Vice President, one Secretary and
one Treasurer to hold office one year.
Section g. The President and Directors shall
be elected at the regular January meeting of
each year
Section 4. The stockholders may by bylaws
prescribe the qualifications necessary and the
conditions to be complied with for the officers
OF this corporation, and no person shall hold
office in this corporation until he so qualities
and complies with the conditions prescribed.