Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1910-06-14

the stockholders at any regular or special
meeting called for that purpose, in conform
ity with the articles of Incorporation and in
accordance with the provisions of the statute.
ARTICLE v.
Board of Directors and Officers.
Section The affairs of this corporation
shall be conducted and managed by board
of nine directors, who shall be elected from
the Shareholders at the annual meeting of
the corporation and shall hold office for the
term of one year, and until their Successors
are elected and qualified and have accepted
office.
Sec. 2. Any vacancy In the board Of direc-
tors shall be filled by the remaining men,
bers of the board, aud the persons SO appoint
ed shall hold office until the next annual
meeting of the stockholders
Sec. 3. The board of directors shall elect
president and vice president from its men,
bers, and shall also elect cashier from the
stock holders. who may or may not be men,
Der of the board of directors, and who shall
also act as secretary of the corporation. 1t
may also elect and employ such other offic-
ers and clerks as may be necessary to the
transaction Gifts business, and shall fix the
compensation of all officers and employees.
ARTICLE vi.
Annual and Special Meetings of the Stock
holders.
Section |. The annual meeting of the
stockholders shall be held at the Office of the
cor poration on the second Thursday in Janu-
airy of each year, beginning with the year
1911, at which time the stockholders shall
| elect a board of directors and transact such
other business as may lawfully come before
| them.
Section . Special meetings of the stock
holders may be called by the president, vice.
president, or by majority Of the members
of the board Of directors, or by the holder or
holders of a majority of the stock of the cor
poration. Ten QO) days notice of the time
and place of such meeting shall be given by
the cashier, or the person or persons calling
such special meeting, by mailing notice In
writing to each stakeholder, directed to his
address as shown upon the books of the cor
poration, which notice shall state the object
of the meeting, and no business other than
that named In the notice shall be transacted
at such special meeting. unless all of the
stock of the cor poration shall be represented,
and no objection shall be made by any
stakeholder to the transaction Of business
other than that named in the notice.
Section 3. The voting at all stock holders
meetings shall be by ballot, and each share
of stock represented by the holder thereof, or
by his proxy duly authorized in writing,
shall be entitled to one vote
ARTICLE VII.
Provisional Directors.
Until the first annual meeting of the stock
holders, the following named persons shall
be the directors Of the corporation:
J. F. Pecinovsky, p. o. Address, Calmar,
Iowa, X. u. No. 3
II. Lukes, p. o. Address, Protivin, Iowa.
Ferd. Lukes, P. Q. Address. Protivin, Iowa.
John Bouska, p. o. Address, Protivin, Iowa
Rev. r. Lakomy, p. o. Address, Protivin,
Iowa.
FL. Klimesh, p. 0. Address, Protivin, Iowa.
Chas. Pergler, p. o. Address, Cresco, Iowa.
Ole Natvig Jr., p. o. Address, Cresco, Iowa,
r. u. NOT.
J. Nj. Huber, P. 0. Address, Fl. Atkinson,
Iowa, X. D. No.. s.
ARTICLE VIII.
Annual Meeting of Board OF Directors.
The annual meeting Of the board of direct
ors shall be held on the Second Thursday in
January, 1911, and Immediately following
the adjournment of the annual meeting OF
the stockholders, at which time 1t shall elect
president, vice. president and cashier, and
may elect or employ such other officers,
clerks or employees as shall be deemed neces-
sary for the transaction Of the business OF the
corporation. Until the first annual meeting
of the board ofdirectors, the following named
persons shall be the officers of the corpora
alton:
President, J. F. Peclnovsky, p. o. Address,
Calmar, Iowa.
Vice President, iOle Natvig, p. o. Address,
Cresco, Iowa.
Cashier, Ferd Lukes, p. o. Address, Proti-
win, Iowa.
ARTICLE TX.
Eek ecution and Acknowledgment of Written
instruments.
Section l. All Deeds mortgages and instru- |
ments in writing affecting real estate which |
shall be made by the corporation, shall be |
executed and acknowledged in the name of
the cor poration by the president or vice pres
ident, and attested by the cashier, with the
corporate seal thereto affixed.
Section 2. Releases of mortgages and other
liens held by the corporation, and satisfac-
ton thereof, may be made, executed and
by the president, vice-presi-
dent or cashier of the bank.
Section 3. All other written instruments
which may be made by the corporation shall
be executed by such officers or agents as the
bylaws may designate.
ARTICLE X.
Certificates of Stock.
Section l. The shares of stock of the cor
piration shall be issued only upon full pay
ment OF the sums represented by them, and
shall be transferable only by assignment up
On the books of the corporation.
Section . The certificates of stock issued
70 the shareholders shall be signed by the
president or vice-president, and attested by
he cashier, and have the corporate seal
lffi edSthereto.
ARTICLE XII.
Indebtedness
This corporation shall not contract or in
'ur any debt or liability, except for deposits,
md the necessary ex penses of managing and
Its business, and obligations In