Audubon County journal. (Exira, Iowa) 1884-1993, 1907-10-24
it's business. and shall fix the co,npensa.
ton of all officers and employees.
ApTICrr xrr

ITS business. and shall fix the compensa.
ton OF all officers and employees
ARTICLE vi.
ANNUAL AND SPECIAL MEETINGS OF THE
STOCKHOLDERS.
SEcTIoN l. The annual meeting of the
stockholders shall be held at the office Of
the corporation on the third Wednesday,
Of OF Janm s ,GSo OF each year, beginning with
transact such other business as may law
fully come before them.
SEC. 2. Special meetings of the stock.
holders may be called by the president,
vlce-presldent, or by a majority of the
members of the board of directors, or BY
stock of the corporation Ten dO) days
notice of the time and place of such meet
ing agss shall be given by the cashier, or the
meeting, by mailing notice in writing to
each stakeholder, directed to his address
ass sho e,,T upon the books of the corpora.
the meeting. and no business other than
that named in the notice shall be trans
of the stoeL 81 6 eetiag unless all
represented, and no objection shall be
Eade by any stakeholder to the TRANSACT
the notice. -
SEC. 8, The voting at all stockholders
meetings shall be by ballot, and each
thereof. or by his proxy duly authorized
in writing, shall be entitled to one vote.
ARTICLE VII.
PROVISIONAL DIRECTORS.
Until the first annual meeting of the
stockholders, the following. named per-
ton: " VIC W poia-
=, G. H. Messenger, P. O. address, Atlantic,
Iowa Hnya Sc s: c. Petersen, 2. Q. address, Elk
FIX Horn, Iowa; Peter Lykke, P. o. ad.
dress, kimballton, Iowa; Jorgen Marcus
sNs Scr + = = addTess, Audubon, Iowa, r. d.
ballton, Iowa; 81. S. Rattenborg, p. o. ad-
dress, Atlantic, Iowa.
ARTICLE VIII.
ANNUAL. MEETING OF BOARD OF D1REc-
TORS.
The annual meeting of the board of di-
rectors shall be held on the 18th day of
January, 1903, and Immediately following
the tn adJournment of the annual meeting
elect president, vice-president and CASH
Ter. and may elect or employ such other
991ncers; clerks, or employees as shall be
the business of the corporation. Until the
hrst annual meeting of the board of direc-
tors to- the e, following named persons shall
President, sc. Petersen, p. o. Address.
Elk Horn, Iowa; Vice-President, G. H. Mes.
Peer Lykhe atanie
ballton. Iowa.
ARTICLE TX.
EXECUTION AND ACKNOWLEDGMENT OF
WRITTEN INSTRUMENTS.
sEcTIoN l. All deeds, mortgages and
tate which shall be made by the corpora
ton: shall be executed and acknowledged
in the ils En-, name Of the corporation by the
by the cashier, with the corporate seal
thereto affixed.
SEC. 2: Releases of mortgages and 9th
isfaction thereof, may be made, executed
and acknowledged by the president, vice
prss se or S cashier Of the bank.
Whlch may be made by the corporation
shall be executed by such officers or
agents as the bylaws may designate.
ARTICLE X
CERTIFICATES OF STOCK
SECTION !. The shares of stock of the
corporation shall be issued only upon full
payment of the sums represented BY
them, and shall be transferable only by
alton.
SEC. 2. The certificates of stock issued
to the shareholders shall be signed by
tested by the cashier, and have the cor
porate seal affixed thereto.
ARTICLE XI.
INDEBTEDNESS.
This corporation shall! not contract or
incur any debt or liability, except for de-
posts, and the necessary expenses of
managing and transacting it's business,
and obligations incurred for the purpose
of obtaining money with which to pay de-
posits.
ARTICLE XII.
EXEMPTION OF PRIVATE PROPERTY.
The private property of the stockhold-
ers shall be exempt from corporate .iabil-
| ity, except to the extent and in the man
| ner provided by the constitution and laws
| of the state.
ARTICLE XIII.
BYLAWS.
The board of directors may, by two
Il rN,,lyn AZ,
which are not in conflict with the laws of
the State or these articles of incorpora-
! ton, for the management of the property
| business, and the regulation of it's affairs;
and may by like vote alter or change
such bylaws.
| ARTICLE XIV.
AMENDMENT OF ARTICLES OF INcoRPoR-
ALTON.
| These articles of incorporation NAV he
| amended at any regular meeting of the
stockholders, or at special meeting call
ed tor that purpose, by two-thirds vote
| ARTICLE XIV.
DISSOLUTION.
This corporation may be dissolved prior
| to the time fixed in it's articles of iflcor-.
alton, by an affirmative vote of its stock
| holders holding three fourths of its can't
| al stock, at meeting of the stockholders
called for that purpose in the manner re-
CURED by law and these articles of incor-
poratlon; and in case of such dissolution
it's affairs shall be wound up in the man
ner provided by statute
Dated this go day e S ms sssPteemm9bera 1907
II. S. RATTENBORG.
| S c. Petersen.
JOHN PETERSON,
PETER LYKKE.
JORGEN MARCUsEN.
c. c. NELSON.
'l lSd u t"~e County, }ss.
a.. Doxl