Audubon County journal. (Exira, Iowa) 1884-1993, 1907-11-07

its business, and shall fix the compensa.
ton OF all officers and employees.
ARTICLE vi.
ANNUAL AND SPECIAL. MEETINGS OF THE
| STOCKHOLDERS.
| SECTION 1. The annual meeting of the
| stockholders shall be held at the office of
the corporation on the third Wednesday
of January of each year. beginning with
the year 1909, at which time the stockhold-
ers shall elect board of directors and
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,
v,ee ,,psas or by majority of the
the holder or holders of majority of the
stock of the corporation. Ten dO) days
notlce OF the time and place of such meet
ing shall be given by the cashier, or the
person or persons calling such special
m meet by mailing notice in writing to
as shown upon the books of the corpora.
ton, WHICH notice shall state the object of
me me meeting; and no business other than
acted at such special meeting, unless all
OF the stock of the corporation shall be
represented, and no objection shall be
made by any stakeholder to the transac.
ton OF business other than that named in
meetings shall be by ballot, and each
s snare OF stock represented by the holder
ei{i or by his is proKX duly authorized
ARTICLE VII.
PROVISIONAL DIRECTORS,
Until the first annual meeting of the
stockholders, the following. named per.
sons shall be the directors Of the corpora.
g. II. Messenger, P. o. address, Atlantic,
iowa; 5. Z. Pedersen, P. o. address, Elk
Horn 5;,1 /, Iowa John Peterson, P. o. address,
dress. kimballton, Iowa; Jorgen Marcus
SSen' =. addIess, Audubon, Iowa, RED.
ballton, Iowa; II. S. Rattenborg, p. o. adj.
| dress, Atlantic, Iowa.
ARTICLE VIII.
ANNUAL MEETING OF BOARD OF DIREc-
| TORS.
rectors shall be held on the 18th day Of
January, 1903. and Immediately following
me inca, adJournment of the annual meeting
OF the stockholders. at which time it shall
elect a president, vice president and cash
leT, and may elect or employ such other
officers; clerks, or employees as shall be
deemed necessary for the transaction of
the business of the corporation. Until the
first first annual nm meeting of the board of direc-
be the officers of the corporation: 'ii''iA
,,, PRESIDENT, S. c. Petersen, P. o. Address,
f Elk Horn, Iowa; Vice President, G. H. Mes.
senSer, r. y. address. Atlantic, Iowa:
CASHIER, Peter Lykke, P. o. address, Kim.
ballton. Iowa.
ARTICLE TX.
EXECUTION AND ACKNOWLEDGEMENT OF
WRITTEN INSTRUMENTS.
SECTION /. All deeds, mortgages and
instruments in writing affecting real es-
tate WHICH shall be made by the corpora
f l t;, snail be executed and acknowledged
president or vice-president, and attested
by the cashier with the corporate seal
SEC. 2: Releases of mortgages and 9TH
er e mems held by the corporation, and sat
lsfaction thereof, may be made, executed
and acknowledged by the president vice
president or cashier of the bank
SEC. 3. All other written instruments
shni b may be made by the cooperation
agents as the bylaws may designate,
ARTICLE X.
CERTIFICATES OF STOCK.
SEcrIoN 1. 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
assignment upon the books of the corpor
SEC. 2. The certificates of stock issued
to the shareholders shall be signed bY
a ne pdTeis Isl, e or yice-president and at
porate seal affixed thereto.
ARTICLE XI.
II INDEBTEDNESS
This corporation shall! not contract or
incur any debt or liability, except for de-
managing and transacting its business.
aud obligations incurred for the purpose
Oh oDtalnlnS money with which to pay de-
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.
erproyided by the constitution and laws
of the state.
ARTICLE XIII.
BYLAWS.
The board of directors may, by two
thirds vote, malAe and adopt bylaws
which are not in conflict with the laws Of
the State or these articles of incornora
ton, for the management of the property
OF the corporation, the transaction Of its
business. and the regulation of it's affairs;
and may by like vote alter or change
such by laws.
ARTICLE XIV.
AMENDMENT OF ARTICLES OF INcoRpoR
ALTON.
stockholders, or at special meeting cali
ed ed for that purpose, BY two-thirds vote vote
vi the capital STOCK OF the corporation.
ARTICLE XIV.
DISSOLUTION.
This corporation may be dissolved nr;or
to the time fixed in its articles of incor
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.
qulred by law and these articles of incor-
poration; and in case of such dissolution
,, its affairs shall be wound up in the man
, ner provided by statute,
Dated this 23d day of September. 1907.
G. H. MESSENGER.
/, 81. S. RATTENBORG.
S c. PEDERSEN
: JOHN PETERSON
PETER LYkkE.
yORGEN MARCUSEN,
. c. c. NELSON.
State of Iowa,
Audubon County S.
On this 23d day of September, A. d. 1907.
before me personally appeared S. c. Peder.
, sen, q. II. Messenger. j ohm Peterson, Peter
Lykke, Jorgen Marcusen, c. c. Nelson and
II. 5. Rattenborg, to me known to be the
1 persons named in and who axrac,,4oIl ~ y.