Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-11-01
personal, privileges. franchise. ana

personal, privileges, franchises ana
rights and capital stock, in whole or IL
part, h. en-. other railway, i,lteiurpas.,
street or electric line, and to that end
shall have perpetual succession, and
shall have power to sue and be sued by
it's corporate names; render the in
teresrs Of the stockholders transferra-
BILE; to exempt private property of It's
members from liability for its corporate
debts; to make contracts; acquire and
transfer property: and in all resi,ects
hold and enjoy the same powers In
such respects as private individuals
now hold and enjoy under the laws Of
the state of Iowa; to establish bylaws;
make rules and regulations necessary
for the management of tsSaffairs.
To locate, construct, lease. purchase,
own and operate telegraph and tele-
phone lines along all it,; lines OF rail-
way. Also to locate. construct, pur-
chase. own, lease operate ard MAIN
tain all such tracks an5 switches as
may be convient to ~ 1clr coal mines,
quarries, gravel-pits., elevators, iactof-
les. freight and warehouses fsccessibfs
to it's line of railway.
(3) The amount of capital stock a,i-
thorized by its articles, IF lie orporaffon
Il one hundred thousand .1cllars. Said
sock to be paid ia IT su n times and
upon such conditions as the board OF
directors may require
ca Private property of the stock
holders Of this corporation to be exc
empt from liability for debts of the
corporation.
CO.. The highest amount of indebt-.
edness to which the corporation may
subject itself shall be an amount equal
to two-thirds (2-3) of its capital stock.
CO.. The business and affairs OF this
corporation shall be managed and con-
trolled by board of directors con-
sisting of eleven (11) persons who shall
be stockholders Of the corporation. and
who shall be elected by ballot at the
annual meeting Of the stockholders and
shall hold their offices until their suc-
cessors are elected and qualified.
But the first directors and officers
of this corporation, who shall act until
the annual election, shall be L. G. Nor
ris, Chas. r. Speer, d. T. Denmead. r.
A. Ely, Horace Boies, w. w. Marsh,
j. E. Sedgwick. Geo. e. Litchy. Frank
]. Fowler, Fred L. Maytag and w. o.
McElroy, who are named as the First
Board Of Directors Of the corporation
who shall hold their respective offices
until the first annual meeting Of the
stockholders: and D. 7. Denmead SIS
hereby named as president Of said corr
poration; J. e. sedgwick as vice presi-
dent; L. G. Norris as secretary. Geo. p.
Lichty as treasurer: each Of wnom
shall hold his respective office until the
first annual meeting OF the stockholders
Of the corporation. and until his suc-
cessor is duly elected and qualified.
~ The annual meeting Of the
stockholders shall be at It's principal
place Of business on the second Monday
in January Of each year, commencing
with the year Of 1906.
(s) The board Of directors shall
have power to establish by-laws ana
make such rules and regulations az
may be deemed expedient for the man.
agement Of the affairs Of the corpora.
ton and the control Of its officers.
L. G. Norris.
Chas. R. speers:
+ D. T. Denmead.
r. "A, Elzy
Horace Boies
w. w. Marsh.
j. F. Sedgwick.
Geo. f. Lichty
Frank ]. Fossler
Fred Z. MAY &
w o. McElrey
81. =. M, PARK
4ssssSss Attorney