Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1911-05-16
ARTICLES OF INCORPORATION.

ARTICLES OF INCORPORATION.
We, whose names are subscribed hereto,
and all other persons who shall become
stockholders OF this corporation, for the
purpose of transacting any and all business
us hereinafter set out, do hereby associate
ourselves into body corporate, under and
by virtue of the laws of the State of Iowa,
assuming all the powers and obligations
granted bodies corporate, under said laws,
and do hereby adopt the following Articles
of Incorporation, rowit:-
Article l.
The name of this corporation shall be the
Farmers Creamery Association.
Article 2.
The object of this corporation or assOcla-
tlon shall be to erect n building or buildings,
the size of which shall be decided upon by
the board OF directors, and the amount of
money to he ex pended In erecting said build
ing or buildings and making any and all
necessary improvements, shall not exceed
Ten Thousand Dollars, said buildings to bic
placed upon site to be decided upon BY the
stockholders OF this corporation, and 1t shall
have full power to buy, occupy, sell, convey,
lease or mortgage all or any part of its prop
erty, rights or privileges OF the corporation,
that they may lease said property to any
person, corporation or persons for the
purpose of manufacturing any or all dairy
products therein, or for any other lawful
business, or that said corporation may equip
and occupy said buildings themselves or by
agent, for the purpose of manufacturing
dairy products or for any other lawful bust
ness and with further power and authority
to transact any and all business or acts
necessary to carry on and promote the
interests of said company.
Article g.
The place Of business shall be at Cresco, In
the County of Howard and State Of Iowa.
Article 4.
The amount of ca pital stock authorized by
this corporation is Ten Thousand Dollars
divided into shares Of Fifty Dollars each, to
be paid in at such time, and In such manner.
us the board Of directors may authorize and
direct, the capital stock may be Increased by
the vote of two thirds of its stock holders at
any annual meeting, or special meeting
called for that purpose. When the capital
OF this corporation is increased the addition
al shares are to be offered to the existing
stock holders at not less than par value.
Article s.
The corporation shall begin business on
the date of the issuance Of the certificate of
incorporation by the Secretary OF State, of
the state OF Iowa, and shall ter inmate at the
ex piration of Twenty years from said date
unless sooner dissolved by a vote Of the stock
holders.
Article g.
This cor poration may be dissolved prior to
the time ii xed in the Articles of Incor pol a.
ton by an affirmative vote OF Its stock hold
ers holding three-fourths of Its capital stock
at meeting of the stock holders called for
that pur pose In the manner required by law
and these Articles Of Incorporation. and in
case of dissolution Its affairs shall be wound
up In the manner provided by law.
Article Z.
The affairs of the corporation shall be
managed by the following officers, who shall
be elected annually on the first Monday of
January of each year, To-wit; A President,
one Vice President, Secretary. Treasurer,
and Board of Five Directors elected from
the stock holders of the corporation.
Article 8.
The annual election shall be held on the
First Monday in January of each year, and
until the first annual election, which shall
be held on the first Monday OF January, 1912,
the following named persons shall be direct
OrS:
Names: r. o. Address:
J. McDermOtt.. .CrescO. Iowa
VIM. F. Frank ......CrescO, Iowa
7. j. Gibbons. .Cresco, Iowa
Miles Henry.......... ..Cresco, IoWsa
Bernard McAlister ............. .CrescO, Iowa
And the following named persons shall be
officers:
Jesse Bowden, President. ...... .Bonair, Iowa
John NJ. Farnsworth, Vice Pres.Cresco, Iowa
W. ii. Ovens Secretary ........ .Cresco. Iowa
II. j. Weber, Treasurer. ....... .Cresco, Iowa
| All officers Of this corporation shall hold
office for the term OF one year, after the first
annual election, or until their successors are
elected, and accept after duly qualifying,
every director shall be stock holder and II
any director shall part with his holdings in
this cor poration he shall at once cease to be
Il director or officer.
J The Board of Directors shall fill all
! vacancies occurring in its membership
between annual meetings by the appoint
ment OF qualified persons to hold office for
the remainder Of the term.
Special meetings Of the stock holders may
be called at any time by the President upon
giving Ten days notice in person, or In
writing, to the stock holders, and shall be
called by him at any time by request OF
stock holders representing one half of the
stock holders of the corporation, and In case
of his neglect or refusal to call q meeting the
one half Of the stock holders may join in a
call OF the stock holders, which meeting
shall lie the same as though called by the
President, at all meetings OF the stock hold
ers each stock holder shall he entitled to one
VOTE to be cast personally.
| ballot.
Article ..
| The highest amount Of indebtedness to
| which this corporation Is at any time to sub
| ject ITSELF shall not exceed one half of Its
capital stock.
| Article 10.
The private property Of the stock holders
shall be ex enpt from corporate debts.
Article II.
The Board of Directors shall have full
power and authority to make the necessary
bylaws, rules and regulations to carry out
the objects of the said corporation and
authorize the President to contract indebt-
edness in any amount not to exceed one hall
10, TvNf n