Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-09-05
Notice Of incorporation

1NotiCe is IeFGDy given tAAt the CO-
dersigned, 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 d corporation. and have
adopted articles of Incorporation which
provide as follows, to-Wit:
Cd. The name OF such corporation
Is Producers Savings Bank" and its
place Of transacting business Is Green
Mountain, Iowa.
(2). The general nature of the bus
iness to be transacted by this corpor-
alton shall be that OF savings bank.
\conducted under the provisions Of
kAhapters 10 and II, title 1, Of the code
Iowa and acts Of the legislature
3 aendatory thereof, and the corpora
ftion assumes and takes to itself all the
4 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 $15,000.00) fifteen
thousand dollars, divided into shares OF
one hundred dollars (s100) each and
Gully paid in before the corporation
begins the transaction OF its business.
(4). The existence OF this said COR
poratfon shall begin on the date the
secretary Of state issues his certificate
OF Incorporation, and shall continue
twenty (20) years thereafter, and the
said corporation may commence the
3 transaction Df business when q certifi-
cate Of the auditor OF state shall have
been Issued authorizing it to do SD. 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
B the provisions of the statute.
s(5). The affairs OF this said corpor-
alton shall be conducted and managed
by q board Of seven 90 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
he held on the End Thursday Of De-
ceriber, 1908, the Following named per-
aons shall be the directors of the corr
poration:
william shipton, Green Mountain,
iowa.
q III 81. ClAssen, Green Mountain, Iowa
ID. IA. Hill. Green Mountain, Iowa:
j. a. Lay. Green Mountain, Iowa.
William A. Davis, Marsflalltown.
Iowa
George A. Turner. Marshalltown,
/ Iowa s5s
Roy R. Bradbury, MarshaIltcwn,
Until the first annual meeting Of the
board of directors which shall he held
4 imri ediAtely following the hrst annual
/ meeting OF the stockholders, the fol-
s lowing named persons shall be the
j Officers Of the corporation:
Presto lent William Shipton, Green
[ Mountain, Iowa
vice President William A: Davis,
4 Niirshalltown, Iowa.
Cash ier Minnie 3. Lincelni Green
Mountain, Iowa
IA This corporation shall not con-
fract or incur any debt or liability, ex-
cept for deposits, and the necessary
1 Y xuenses OF managing and traiisacting
It's business ana oDilsaNlons laiSut GU
4 FOL. the purpose Of obtaining money
with which to pay deposits:
(7). The private property OF the
4 stockholders shall beeexempt from cor
sIporate liability. except to the extent
and ii, the manner provided by the
s3constitution and the laws Of the state,
William Shipton, e. A. Hill George
IA. Turner, T. A. Lay, A. F. ]3alch, j.
Ciassen, William A. Davis, Herman
Mericle, incorporators.