The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1911-07-13

uon. Until the hrst annual meeting
of the board of directors the following
shall be the officers of the corpora
ton:
President. ]. E. Wander Zyl, P. o.
address, Leighton, Iowa.
Vice President, N. Van Vliet, P. o.
address, Pella, Iowa.
Cashier, Sam N. Van Vliet, P. o.
address, Pella, Iowa.
ARTICLE TX.
Execution and AcknowIe dgement of
Written instruments.
Section l. All deeds, mortgages
and instruments in writing affecting
real estate which shall be made by
the. corporation, 49, shall be- executed
and acknowledged in the name of
coronation by the president, vice-pres-
ident and attested by the cashier,
with the corporate seal thereto affix'
ed.
Section 2. Releases of mortgages
and other liens held by the corpora
ton, and satisfaction thereof, may be
made, executed and acknowledged by
the president, vice-president or cash
Ter of the bank.
Section 3. All other written instru-
ments 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 corporation shall be issued
only upon full payment of the
sums represented by them and shall
be transferable only by assignment
upon the books of the corporation.
Section 2. The certificates of stock
issued to the shareholders shall be
signed by the president or vice-presi-
dent, and attested by the cashier, and
have the corporate seal affixed there
to.
ARTICLE XI.
Indebtedness.
This corporation shall not contract
or incur any debt or liability except
for deposits and the necessary ex-
penses of managing and transacting
its business and obligations incurred
for the purpose of obtaining money
with which to pay deposits.
ARTICLE XII.
Exemption of Private Property.
The private property OF the stock
holders shall be exempt from corpor-
ate liability, except to the extent and
in the manner provided by the con-
stitution and laws of the state.
ARTICLE XIII.
Bylaws.
The board of directors may, by
two-thirds vote, make and adopt by
laws which are not in conflict with
the laws of the state, for the man.
agement of the property of the cor
poration, the transaction of the bust
ness and the regulation of its al
fairs; and may by Ike vote alter or
change such bylaws.
ARTICLE XIV.
ton.
These articles of incorporation may
be amended at any regular meeting
of the stockholders, or at a special
meeting called for that purpose by a
two-thirds vote of the capital stock
of the corporation.
ARTICLE XIV
Dissolution.
This corporation may be dissolved
prior to the time fixed in it's articles
OF Incorporation by an affirmative
vote of it's stockholders holding three
fourths of its capital stock, at a
meeting of the stockholders called for
that purpose in the manner required
by law, and these articles of incOr-
poration, and in case of such disso-
luton shall be wound up in the man
ner provided by statute.
Dated this 23rd day of March, 1911.
]. E. WANDER ZYL,
N. VAN VLIET,
II. REMPE,
Fl. OVERBERGEN,
H. MEPPELINK,
G. II. GOSSELINK,
J. c. DE BRUIN.
State of Iowa, Mahaska County, SIS:
On this 23rd day of March, A. d.
1911, before me- personally appeared
J. f. Wander Zyl, N. Van Vliet, II. |
Rempe, H. Overbergen, H. Meppelink,
G. II. Gosselink, J. c. De Bruin, to
me. known to be the persons named
in and who executed the foregoing
articles of incorporation of the Far
mers' Savings, Bank, of Leighton,
Iowa, and acknowledged that they ex-
ecuted the same as their voluntary
ict and deed.
(SeaD CHAS. S. HOWARD,
Notary Public in and
for Mahaska County. |
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