Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-02-20
Movement Under Way to Sell
Stock and Incorporate Coun-
ty Association
MEETING HELD LATE TODAY
The Prime Movers in the Short Course
Present Plan to Those Attending,
Which, if Adopted, Will Make En-
terprise-YearIy Feature of Farm
Work-The Plan Outlined.

A plan, which was unfolded by the
officers and directors of the short
course Wednesday afternoon, and
which was developed this morning,
gives promise of resulting in per-
manent incorporated association. the
sole business OF which will be the hold
winter. The plan contemplates the or
ganization of stock company, the
selling of stock, adoption of articles of
Incorporation, and the selection OF d.
rectors and officers.
The proposed plan is to be brought
before a Joint meeting Of the corn and
animal husbandry classes late this aft
ernoon. Should the corporations be or
ganized, the name chosen will probably
be the Central Iowa Short Course as
sociatlun.
The following are the conditions and
plan which have been prepared, and II
it meets with encouragement the cor
poration will be formed:
First. That there shall be at least
200 bona fide memberships subscribed
in the form of shares Of stock. with
an authorized membership of 500
shares of stock.
Second The face value of such
shares of stock to be in the amount of
$40 each, payable 10 per cent upon the
date Of issuance thereof and not to ex-
coed 10 per cent of the face thereof
in any one year after the year IN
which such stock is. issued, and then
only upon an order of the stockholders
when necessary to meet any deflclt IN
the expenses of holding q short course,
such shares to be -assessable when
fully paid up.
Third. The private property of in
corporators to be exempt from the
debts of the corporation.
Fourth. The affairs of the corpora
ton to be managed by a board Of d.
rectors, to be elected by the stock
holders annually, from among their
number, one director to be elected
from each civil township of Marshall
county.
Fifth. Such short course, as Is
herein contemplated, to be given an
nually, at Marshalltown, Iowa. under
the supervision and control of said
board of directors, to which admission
shall be had upon the payment of such
admission fees as shall be established
by the said board Of directors. not to
exceed, however, So, for scholarships
in corn and stock judging, and 81 for
scholarships in domestic science, un-
less otherwise ordered by majority
vote of the stockholders.
Sixth. There shall be no division OF
profits or distribution Of any property
of such corporation, except in case Of
a dissolution of such corporation.
Seventh. Upon the subscription of
200 memberships or more hereto, the
committee in charge of the short
course for the year 1908 shall call
meeting of all such subscribers, to be
held at Marshalltown, for the purpose
of adopting articles of incorporation
in conformity herewith, and the selec-
ton of the directors for such corpora
ton until the first annual meeting Of
such stockholders.
In case 200 shares of stock are sub
scribed by Friday afternoon. a meet
ing will be held late that afternoon for
the adoption of articles Of incorpora-
the stockholders.
Members Of the board of directors of
the short course were confident this
morning that the plan to make the
short course permanent would carry.