The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1911-06-22

We, the undersigned, do by these
presents associate ourselves together
under and by virture of Chapter One,
Title Nine. of the Code of Iowa, and
the laws amendatory thereof. and do
adopt the following Articles of In
corporation:
.,- f Article L.eI9FF srst,,
The name of this corporation shall
be THE Iowa Sand & Gravel Com
pany," and it's principal place of bust
ness shall be Oskaloosa, Iowa, and
the general nature of it's business
shall be- mining, digging, shipping
selling and dealing in sand and gravel
for commercial and building purposes
and such other materials and articles
of general use and sale as may be
determined upon from time to time
by the officers of said corporation
and for that purpose it shall have
power to buy, own, sell, cucumber,
lease and convey real estate, sand
and gravel, and may build, buy, own
or lease railway tracks, switches,
|
tation of its products and shall have
full and general power to do anything
necessary for the proper and profit
able management and conduct of its
business, that corporation may law.
fully do.
Article II.
| Tb;. cornorat;on shall o,r,,,o,oo
business as soon as the Certificate OF
Incorporation shall be issued by the
Secretary of State and shall continue
for twenty years, with the right of
renewal, unless sooner dissolved by a
three-fourths vote of all the stock
subscribed, at a stockholders meet
ing. The capital stock authorized
shall be Ten Thousand Dollars, di
vided into shares of One Hundred
Dollars each, and all stock subscribed
shall be paid in at the call of the
board of directors.
Article ~.
The affairs of this corporation shall
be conducted by three directors, who
shall hold their office one year, and
until their successors are elected and
qualified. Said directors shall, from
their own number, at first meeting in
each year elect president who shall
hold his Office for one year, and until
his successor is elected and qualified
and said directors shall, at said meet.
ing, elect secretary and treasurer
who shall hold their offices during the
pleasure of said board, and who shall
give a bond to the corporation in
Board of Directors, may from time to
time direct, and said directors shall
have the right to fill all vacancies oc
curing in the Offices of said corpora
ton.
Article ".
The election of the directors of
this corporation shall be held at the
office of the secretary at Oskaloosa
Iowa, on the first Monday in January,
1912 and on the first Monday of each
January thereafter. At all the cleo
ers of this corporation, each person
or corporation shall be entitled to
one vote for each share of stock
owned by such person or corporation,
which vote may be cast in person or
by proxy. Ten days notice shall! be
given of all called or special meet
ings of stockholders by publication in
some newspaper published in Oska
lOOsa, Iowa, or by letter mailed to the
last known address of each stock
holder.
Article v.
Real estate, personal property,
work and labor, may be taken and re.
ceived for stock at such prices and
upon such terms and conditions as
may be agreed upon by the board of
directors, after being approved by
the executive council of state of Iowa
Article VI.
The directors may call a meeting
of the stockholders at any time they
see proper, and shall do so upon the
written request of the stockholders
owning majority of the capital
stock subscribed.
Article VII.
The directors of this corporation
until the election in January, 1912,
shall be George II. Carbon, J. A. viii
son and Harry F. Carbon, who shall
at their first meeting elect from theiI
number president.
Article VII.
| The private property of the mem
bers of this corporation shall be ex.
2mpt from liability for the debts of
| this corporation.
Article TX.
The indebtedness of this corpora.
| ton shall not at any time exceed the