Audubon County journal. (Exira, Iowa) 1884-1993, 1907-10-17

meeting, by mailing notice in writing to
each stakeholder, directed to his address
as shown upon the books of the corpora
ton, WHICH notice shall state the object of
the meeting, and no business other than
that named in the notice shall be trans
acted at such special meeting, unless all
represented, and no objection shall be
made by any stakeholder to the transact
ton of business other than that named in
SEC. 3. The voting at all stockholders
meetings shall be by ballot, and each
share Of stock represented by the holder
in writing, shall be entitled to one vote.
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; $. z. Pedersen, P. o. address, Elk
Horn Hn n Iowa John PSsterson = o. addFessr
dress, Kimballton, Iowa Jorgen Marcus
sen, 2. Y. address, Audubon, Iowa, RED.
ballton, Iowa; II. S. Rattenborg, r. o. ad-
dress, Atlantic, Iowa.
ARTICLE VIII.
ANNUAL MEETING OF BOARD OF DIREc-
TORS.
The annual meeting of the board of di-
January. 1908, and Immediately following
the adjournment of the annual meeting
OF the stockholders. at which time it shall
elect president, vice-president and cash
Ter, and may elect or employ such other
officers, clerks, or employees as shall be
deemed necessary for the transaction of
first annual meeting of the board of direc-
tors, the e, following named persons shall
tPe Address
Elk Horn, Iowa; Vice-President, G. H. Mes
senger, T; o. address. Atlantic, Iowa;
ballton. Iowa.
ARTICLE TX.
EXECUTION AND ACKNOWLEDGEMENT OF
WRITTEN INSTRUMENTS.
sEcTIoN !. All deeds. mortgages and
ton. shall be executed and acknowledged
in the name of the corporation by the
president or ,yice-president. and attested
by the cashier, with the corporate seal
thereto affixed.
SEC. 2. Releases of mortgages and 9TH
Liens held by the eoTporati9n and sat
and acknowledged by the president, vice.
president or cashier of the ba NIX.
which 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
/
payment of the sums represented by
them, and shall be transferable only by
alton. - ~ O0o'>>' y ''fe w f'0i-
SEC. 2. The certificates of stock issued
to the shareholders shall be signed by
| the president or vice-president and at
tested by the. cashier. and have the cor
porate seal affixed thereto
ARTICLE XII.
INDEBTEDNESS.
This corporation shall. not contract or
incur any debt or liability, except for de-
| posits, 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-
ner provided by the constitution and laws
ARTICLE XIII.
BYLAWS.
The board of directors may, by two
thirds vote, make and adopt bylaws
Which are not in conflict with the laws of
the State or these articles of incorpora-
ton, for the management of the property
of the corporation the transaction of it's
business, and the regulation of it's affairs |;
and may by like vote alter or change
| such bylaws.
ARTICLE XIV.
ALTON.
| These articles of incorporation may be
amended at any regular meeting of the
stockholders, or at a special meeting call
ed for that purpose, by two-thirds vote
of the capital stock of the corporation.
ARTICLE KY.
DISSOLUTION.
This corporation may be dissolved prior
to the time fixed in it's articles of incor-
alton, by an aft rniative vote of its stock
holders holding three-fourths of it's capt.
called for that purpose in the manner re-
!, quired by Law, and these articles of incor-
poration; and in case of such dissolution
it's affairs shall be wound in the man.
ner provided by statute.
Dated this 23d day of September, 1907
G. III. MESSENGER.
H. S. kATTENBORG.
S c. Petersen.
JOHN PETERSON.
PETER I4YkKE.
JORGEN NIARCUSEN.
c. G. NELSON.
State of Iowa,