Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1904-12-07
Articles of
Incorporation
OF THE
Winnesheik Cooperative
Telephone Company.
Know All Men Bv These Presents

Know All Men By These Presents:
Sec. l. That we, T.. l.. Iverson,
George Smith. Q. r. Cove. Frank
Morrison. B. J. Mckay. Will Peacock
and Charles W. Glover, residents of
Winnesheik county, Iowa., do hereby
organize ourselves into a corporation
under and by virtue of the laws of the
State of iowa. which corporation shall
bear the name and style of "The Win
nesheik Cooperative Telephone Com
pany."
Sec. 2. That the said Corporation
shall commence on the day of the date
of tho certificate by the Secretary of
State and continue for a period OF
twenty years provided. however, that
it may be sooper dissolved by two
thirds vote of the stockholders at any
regular or special meeting and upon
published notice of such dissolution
in pursuance of tile law. And such
corporation shall have the general
powers conferred by Section No. 1903
of the Code of Iowa.
Sec. 8. The principal place of bust
ness of said corporation shall be at
the City of DEBORAH. Iowa.
Sec. 4. The business of said corpor-
alton shall be owning. building. buy
ing and selling telephone lines, tele-
phone stock and telephone business
and managing of telephone lines and
telephone business. including all the
incidental transactions necessary to
such owning, building, buying and
selling and managing.
Sec. 8. The capital stock o. this
corporation shall amount to $lS, 900,
in shares of $1S each. and each share
evidenced by written certificate to
have one vote, but no shareholder
shall own more than three shares at
one time and the transfer of such shares
shall be by due notation upon the
books of the company, subject to the
approval of the Board of Directors. -.
Sec. 6. The said capital stock shall
be sold to the share holders and paid
for in cash or telephone material at
the discretion of the directors and
shall be paid for at the time of the
sale.
Sec. Z. The private property of the
stock holders shall be exempt from,
liability for the debts of the corpora
tion
Sec. s. The Indebtedness of this
corporation shall not at any time ex-
coed % per cent of the par value OF
the capital stock sold.
Sec. g. The affairs of this corpora
tion are to be conducted by Board OF
Directors consisting of seven members,
to be elected BY the share holders by
ballot at the annual meeting, and of
whom there shall be President. Vice
President. Secretary and Treasurer,
on nd no rot no ha q
1st day of December, 1904, and
Iverson, George Smith. Frank Morri-
son, B. j. Mckay, Q. R. Cove. Will
Peacock and Charles W. Glover, of
whom l.. L. Iverson is president.
George Smith. vice-president, Frank
Morrison, secretary, and Ben Mckay
is treasurer.
Sec. 10. The said Board of Direc-
tors. together with it's general and IN
cidental powers. to have the special
power of making rules and bylaws
mot inconsistent with these articles, }
to enable it to better execute the pur-
poses of this Corporation and protect
and further its interests.
Sec. IL. This Corporation makes
ehO cPCOioA ehob oAA W1iteCh COh
tracts, agreements, bonds, deeds, con-
veyances, certificates of stock and
orders to pay money must be authorized
by majority of the number of direc-
tors, and signed land acknowledged
when legally necessary by the presi-
dent and secretary. and no money is
to be paid excepting on q written
order. And it is further provided.
that if in pursuance Of law changes
are made in these articles Of incorpor.
alton, the president and secretary are
designated as the proper officers to
sign and acknowledge such changes.
@. r. Cove,
Chas. w. Glover,
will Peacock,
l.. L. Iverson,
George Smith,
Frank Morrison,
B. ]. Mckay.
eu ~, A TIT,