Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-03-30
Articles of Incorporation.

L
The name of this corporation shall
be the Breeders and Feeders Ex-
change Company, and its principal
shall county,, Iowa.
ARTICLE II.
The object Of this company is buy
ing feeding, selling and shipping live
stock and for ,betterment of the live
stock industry.
ARTICLE III.
The capital stock of this company
shall be Five Thousand Dollars (S5,000)
divided into shares of One Hundred
Dollars $4,000 each. These shares to
be non assessable.
ARTICLE Nv.
The indebtedness of this company
shall not exceed one-sixth of its cap
ital stock.
CAPITAL v.
The officers of this company shall
be president, vice president, Secre-
tary, treasurer, manager and one di-
rector, the five shall constitute the
board of directors who shall be elected
at the regular annual meeting to be
held at Laurel, Iowa, on the first Sat-
urday of March each year, and shall
hold their respective offices until their
successors are elected and qualified. All
of said officers to be stockholders of
the corporation.
ARTICLE VI
1t shall be the duty of the president
to preside at all meetings Of the COM
pany, and all meetings of the board Of
directors, and he shall have the usual
no f111tipS off said
office.
ARTICLE VII.
The vice president shall preside at
all meetings in the absence of the pres
ident.
ARTICLE VIII.
1t shall be the duties of the secretary
to keep record of all meetings of the
stockholders and the board of directors
and keep a record of all business of the
company, attend to all correspondence,
collect all money Of said company, and
pay same to the treasurer taking his
receipt therefor He shall receive such
compensation for his service as may be
from time to time fixed by the board
of directors.
ARTICLE TX.
The treasurer shall receive all mon
eys collected by the secretary giving
receipt for same, shall pay all orders
signed by the president and secretary,
shall render a true account of all mon
eys at each annual meeting.
ARTICLE x.
The board of directors shall have full
power to make all necessary rules and
regulations for the government OF this
corporation not inconsistent with the
articles of incorporation, or the consti-
tuition or bylaws.
ARTICLE XII.
The constitution and bylaws may
be amended at any regular meeting or
any special meeting called for that pur-
nose provided that two-thfrds OF the
stockholders present vote for such
change, provided that each shareholder
shall have thirty days notice OF such
contemplated change
ARTICLE XII
The private property of the stock
holders shall not be held for any debts
of the company.
ARTICLE XIII.
The officers of this corporation shall
be Jno. E. Smith, president; vice pres
ident, C. F. Toeds; secretary, d. G.
Maytag; treasurer, John S. Paul, the
manager is also secretary, and the di-
rector is G. E. Paul, who shall hold
their offices until the first annual meet
ing in 1910.
D. c. MAYTAG,
JNo. E. SMITH,
JOHN S. PAUL,
C. F.. TOEDT,
G. E. PAUL.
State of Iowa, County of Marshall. IS.
On the 10th day of Feb. "A. d. 1909,
personally appeared Jno. r.. Smith, g.
f. Toedt, D. c. Maytag, John S. Paul,
and G. E. Paul before me, the under