Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-04-13
Articles Of Incorporation
ARTICLE I.

Are'cies OF Incorporation.
ARTICLE I.
The name of this corporation shall
be the Breeders and Feeders Ex.
change Company, and its principal
place of business shall be Laurel, Mar.
shall county, Iowa.
ARTICLE n.
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 ($5,000l
divided into shares of One Hundred
Dollars ($1oo.oo) each. These shares to
be non assessable.
ARTICLE Nv.
The indebtedness Of this company
shall not exceed one-sixth of its cap.
ital stock.
ARTICLE v.
The officers of this company shall
be president, vice president. Secre-
tary, treasurer, manager and one d.
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-
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
power to perform the duties of 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 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 b
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 orderl
signed by the president and secretary
shall render true account of all mon<
eys at each annual meeting.
ARTICLE x.
The board of directors shall have fun
power to make all necessary rules and
regulations for the government of this
corporation not inconsistent with the
articles of Incorporation. or the consu-
tuition or bylaws.
ARTICLE XI.
The constitution and by-laws may
be amended at any regular meeting or
any special meeting called for that pur-
pose provided that two-thirds 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. Toedt; secretary, d. c.
Maytag; treasurer, John S. Paul. the
manager is also secretary, and the di-
III
their offices until the first annual meets
ing in 1910.
d. c. MAYTAG.
JNO. E. SMITH,
JOHN s.. PAUL.
C. F. TOEDT,
G. E. PAUL.
State of Iowa, County of Marshall. So
On the 10th day of Feb. A D.. 1909
personally appeared Jno. p. Smith. G,
r. Toedt, ID. C. Maytag, John s. Paul,
and G. E. Paul before me, the under-
signed notary public, in and for Mar
shall county, iowa, and upon oath do
depose and say that they signed the
foregoing Articles OF Incorporation by
their own voluntary act and deed, ant
for the purposes therein contained
Witnessed my hand AMI
notarial seal. done at Lau.
IsEALl rel, Iowa, this 10th day tol
February. A. D., 1909.
A. L. MOSER,
Notary Public.
H. "Errata."
ARTICLE XIV.
This corporation shall commencl
q business on the LIST day of March, 1908
and terminate on the LIST day OF March
1929 unless sooner terminated BY thu
{ vote Of two thirds Of all shareholder
u voting In favor Of sush dissolution.