The Leon reporter. (Leon, Iowa) 1887-1930, 1905-10-19
Notice OF Incorporation.
ARTICLE /.

NOkINC VI lnCOI pUl dlIOus
ARTICLE l.
The name of this corporation shall be
the Decatur County Mutual Telephone
Company.
ARTICLE 2.
The principal place of business shall
be at Leon, in the county of Decatur,
state of Iowa.
ARTICLE. 5.
The object of the corporation or bus
mess to be transacted is buying selling,
constructing and operating telephone
exchanges a I'd toll lines, in Decatur and
adjoining counties, and such other bus
mess incident thereto.
ARTICLE 4.
The amount OF capital stock author
lied is ten thousand dollars, divided
into shares of thirty dollars each. No
stock to be issued until fully paid for
by cash or bankable note. The capital
stock may be increased by vote of ma
jority in interest of all the stock
holders. When the capital is to be in
creased, the additional shares shall be
offered to the existing stockholders
proportionately to their holdings at not
less than par.
ARTICLE 3.
This corporation shall begin business
at the date of the issuance of it's GER
tifcate of incorporation by the Sec
rotary of the State of Iowa, Oct. 5, 1905,
and shall terminate at the expiration of
twenty years from said date, unless
dissolved by majority vote of the
stockholders.
ARTICLE 6.
ho ffnir az H.
be managed b a board of eleven di-
rectors, who shall elect president, vice
president, secretary and treasurer and
such other officers, including an execu-
tive commit ee, as it may see fit or as
may be provided for by the bylaws of
this corporations.
ARTICLE Z.
The annual election shall be held on
the last Saturday of December each
year. Until the first election, which
shall be held on the last SATURDAY. of
December, 1905, the following persons
shall be directors:
E. j. Horney, Leon.
j. X. Campbell, Leon.
Frank A. CARRIER, Leon.
John Elliott, Leon.
G. A. Smallwood, Leon.
j. w. Osborne, Leon.
Sam. Gassett, Leon.
w. II. Hazlet. Leon.
E. B. McClelland, Leon.
A. H. Reynolds, Decatur.
G. P. Beavers, Leon.
And the following shall be officers:
President, Frank CARRIER, Leon, Iowa.
Vice-president, VIM. Hazlet, Leon,
Iowa.
Secretary, E. J. Horney, Leon, Iowa.
All officers of this corporation shall
hold office for the term of one year or
until their successors are elected and
have qualified. Every director shall be
stakeholder and if any director shall
part with his holdings in this corpora
ton he shall at once cease to be di-
rector. The board of directors may fill
any vacancies occurring in it's member
ship between the annual elections by
appointment of qualified persons to
hold Office for the remainder of
the term. Special meetings of the
stockholders may be called at any time
by the president upon his giving ten
days notice in person or in writing to
the stockholders and shall be called by
him at any time upon request of stock
holders representing one half the
shares of stock, and in case of his neg
lect or refusal to call a meeting, the
parties owning stock to the amount of
one half the shares may join in call of
the stockholders, which meeting shall
be the same as though called by the
president. At all meetings of the
stockholders each stakeholder shall be
entitled to one vote, which vote he may
cast in person or by written proxy.
ARTICLE s.
The highest amount of Indebtedness
to which this corporation is at any time
to subject itself shall not exceed 10 per
cent of it's capital stock.
ARTICLE 8.
The private property of the stock
holders shall be exempt from corporate
liability except to the extent and in the
manner provided by the laws of the
State of Iowa.
ARTICLE 10.
The corporation may make and alter
bylaws at pleasure, and may authorize
the board of directors to do so, subject
to such restrictions as may be deemed
advisable.
ARTICLE II.
Amendments to these articles may be
made at any annual meeting of the
stockholders, or at special meeting
called for the purpose, two-thirds of al
stockholders in interest voting for such
amendments.
Witness our hands this 9th day o.
September, A. d., 1905.
E. j. HoRNEY. j. w. OSBORNE.
j. K. CAMPBELL. SAM. GAssETT.
FRANK A. CARRIER. w. H. HAzLET.