The Oskaloosa herald., 1911-07-06

NoFtn OF SouFS '
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,
spurs and sidings for the transpor.
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 n. st.. ......
This corporation shall commence
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 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 shalt
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 bond to the corporation in
such sum and conditioned as the
Board of Directors, may from time to
tlllt ulletl, anu Sdlu
have the right to fill all vacancies oc.
curing in the offices of said corpora
tion
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 elec.
tions and meetings of the stockhold
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 OF
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 a majority of the capital
stock subscribed.
Article VII.
The directors of this corporation
until the election in January, 1912
shall be George H. Carbon, J. A. vii
son and Harry F. Carbon. who shall
at their first meeting elect from theii
number a president.
Article VIII.
The private property of the mem
bers of this corporation shall be eX
cmpt from liability for the debts Of
this corporation.
Article TX.
The Indebtedness of this corpora
ton shall not at any time exceed the
sum of Six Thousand Dollars.
Article X.
No alteration or amendment shall
be made to these articles of incorpora
ton unless the same be adopted by q
majority vote of the stock present
at a meeting of the stockholders call
ed for that purpose.
Geo. II. Carbon,
J. A. Wilson,
Harry F. Carbon.
State of Iowa. County of Mahaska
IS: On this 18th day of April, 1911
before me personally appeared Geo
II. Carbon and Harry +. Carbon. tC
me known to be the persons named
in and who executed the foregoing in
strument, and acknowledged that they
executed the same as their voluntary
act and deed.
l.. 7. Shangle, Notary Public.
In and for Mahaska County
tSeal,l Iowa.
State of Iowa. Marion County. SIS:
On this End day of May, 1911, before