Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-22
Notice Of incorporation.

IL =
| Notice is hereby given that the UNI
dersgned, have associated. themselves
| together under and by virtue of chap
ter one. title nine, of the code of Iowa.
and the laws amendatory thereto, as
a body corporate, and have organized
and created a corporation and have
adopted articles of Incorporation which
provide as follows, to-wit:
"a. The name of such corporation
is Producers Savings Bank" and it's
place of transacting business is Green
Mountain, Iowa.
(2). The general nature of the bus
mess to be transacted by this corpor
alton shall be that of a savings bank,
conducted under the provisions of
chapters 10 and IL, title 1, of the code
of Iowa and acts of the legislature
amendatory thereof, and the corpora
ton assumes and takes to itself all the
powers conferred upon Savings banks
by the laws of Iowa, and accepts all
the duties and obligations imposed
thereby
(s). The capital stock of the cor
poration shall be 5,000.00) fifteen
thousand dollars, divided into shares of
one hundred dollars (s1O0) each and
fully paid in before the corporation
begins the transaction of it's business.
(4). The existence of this said COR
poration shall begin on the date the
secretary of state issues his certificate
of Incorporation, and shall continue
twenty (2O) years thereafter, and the
said corporation may commence the
transaction of business when certifi-
cate of the auditor of state shall have
been issued authorizing it to do So Its
corporate existence may be terminated
at any time by three-fourths vote
of the stockholders at any regular or
special meeting called for that pur-
pose in conformity with the articles
of incorporation and in accordance with
the provisions of the statute.
(5). The affairs of this said corpor-
alton shall be conducted and managed
by a board of seven % directors, who
shall be elected from the shareholders
at the annual meeting of the corpora
ton and shall hold office for the term
of one year. and until their successors
are elected and qualified and have ac-
cepted office. Until the first annual
meeting of the stockholders which shall
be held on the End Thursday of De-
cember, 1908, the following named per-
sons shall be the directors of the COR
poration:
William shipton, Green Mountain,
Iowa.
j. b. Classen, Green Mountain, Iowa.
II. A. Hill, Green Mountain, Iowa.
l. A. Lay, Green Mountain, Iowa.
William A. Davis, Marshalltown,
Iowa.
George A. Turner, Marshalltown,
Iowa.
Roy R. Bradbury, Marshalltown,
Iowa.
Until the first annual meeting of the
board of directors which shall be held
Immediately following the first annual
meeting of the stockholders, the fol-
lowing named persons shall be the
officers Of the corporation:
President-William Shipton, Green
Mountain, iowa.
Vice President-William A. Davis,
Marshalltown, Iowa.
Cashier-Minnie e. Lincoln, Green
Mountain, Iowa.
(6). This corporation shall not con-
tract or incur any debt or liability, ex-
cept for deposits, and the necessary
expenses of managing and transactlng
it's business and obligations incurred
for the purpose of obtaining money
with which to pay deposits.
90. The private property of the
stockholders shall be exempt from cor
porate liability, except to the extent
and in the manner provided by the
constitution and the laws of the state
William Shipton, e. A. Hill. George
A. Turner, l. A. Lay. A. f. Balch, j.
B. Classen, William A. Davis, Herman
Mericle, incorporators.