Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1907-10-24


/ Sec. 2. Special meetings of the
stockholders may be called by the
president, vice-president, or by a
majority of the members Of the board
of directors, or by the holder or hold
ers of majority of the stock of the
/ corporation Ten (10) days notice of
the time and place of such meeting
shall be given by the cashier, or the
| person or persons calling such special
meeting, by mailing notice in writ
ing to each stakeholder, directed to
his address as shown upon the books
| of the corporation, which notice shall
| state the object of the meeting, and no
| business other than that named in the
| notice shall be transacted at such
special meeting, unless all of the stock
| of the corporation shall be represent
ed, and no objection shall be made BY
| any stakeholder TO the transaction OF
| business other than that named in the
notice.
Sec 3 The voting at all stock.
| holders meetings snail be by ballot,
and each share OF stock represented
| by the holder thereof, or by his proxy
duly authorized in writing, shall be
| entitled to one vote.
ARTICLE VII.
Until the first annual meeting of the
stockholders, the persons named be-
low shall be the directors of the cor
poration
ARTICLE VIII.
The annual meeting of the board of
directors shall be held on the fifth da,
of January 1908, and Immediately fol-
lowing the ADJOURNMENT of the annual
meeting of the stockholders, at which
time it shall elect president, vice.
president and cashier, and may elect
| or employ such other officers, clerks
or employees as shall be deemed nee
| essary for the transaction of the bust
ness of the corporation.
ARTICLE TX.
Section L All deeds, mortgages
and instruments In writing affecting
real estate which shall be made by the
corporation, shall be executed and
| acknowledged in the name of the cor
poration by its president or vice-pres-
| ident, and attested by the cashier,
with the corporate seal thereto affixed
Sec. 2. Releases of mortgages and
other liens held by the corporation,
l duu buCICOlS may 10
| executed and acknowledged by the
president, vice-president or cashier of
| the bank
Sec. 3. All other written instru-
| ments which may be made by the cor
poration shall be executed by such
officers or agents as the bylaws may
designate.
ARTICLE X.
Section l. The shares of stock of
the corporation shall be issued only
| upon full payment of the sums repre-
| sented by them, and shall be trans
ferable only by assignment upon the
books OF the corporation.
Sec. 2. The certificates Of stock is
sued to the, shareholders shall be
signed by the president or vice presi-
dent, and attested by the cashier, and
have the corporate seal affixed there
to-.
ARTICLE XI.
The highest amount of indebtedness
to which this corporation may at any
time subject itself, except for deposits,
shall not exceed one-half of its CAPT
| tai stock.
ARTICLE XII.
The private property of the stock
holders shall be exempt from corpo-
rate liabilit,, except to the extent and
in the manner provided by the consti.
tuition and laws OF toe State.
ARTICLE XIII.
The board OF directors, may by q two
thirds vote, make and adopt bylaws
which are not 10 cOCflict with the laws
of the State or these articles of incUr-
poraJlUn, for the management of the
property OF the corporation The trans
action OF its business, aud the reg u "a
ton Of it's affairs; and may 10y n like
vote alter or change such bylaws
ARTI' LIE XIV.
These articles Of Incorporation MAY
be amended at any regular meeting OF
the stockholders, or at a special meet
ing called for that purpose, BY q two
thirds vote Of the capital stock of the
corporation.
ARTICLE XIV
This corporation may be dissolved
prior to the time fixed in it's articles
of Incorporation, by an affirmative
vote of its stockholders holding three
fOurths of its capital stock, at u meet
ing of the stockholders called for
that purpose ia the manner required
by law in these articles of incorpora-
! ton; and in case of such dissolution
its affairs shall be wound up ia the
manner provided by statute.
Dated this Second day of September
1907.
E. Bilhar2 NJ. T. Foley
Matthias Johnson Geo. A. Foley
Thomas Law G. Fl. Sampson
| F, d. Nelson
DIRECTORS.
STATE OF IOWA, la.
AUDUBON COUNTY,
On this Second day of September,
A. d. 1907, before me personally APP
peared E. Bilharz, Matthias johnson,
| Thomas Law, F. D. Nelson, Nj. T.
Foley, George A. Foley, G. Fl. Samp-
son, to me known to be the persons
named in and who executed the fore.
going articles of Incorporation of The
Farmer State Bank, of Audubon,
Iowa, and acknowledged that they
| executed the same as their voluntary
act and deed.
JOE Fl. Ross,
Notary Public.
In and for Audubon County, Iowa.