Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1913-10-03
NOTICE or INCORPORATION.

NOTICE or INCORPORATION.
To Whom It May Concern:
Notice is hereby given that the un-
dersigned have associated themselves
together under and by virtue of chap
ter one, title nine, of the code of Iowa,
and the laws amendatory thereof as
corporation which provides as fol-
lows, towit: Xxx
1. That the name of such corpora
ton is "The Clay Hill Improvement
Company; its principal place OF
transacting business is Des Moines,
Iowa.
2. The general nature Of the BUSH
ness to be transacted by such corpora
ton shall be the buying and selling
of real estate and the making of tenn
porary or permanent improvements
upon real estate, owned or leased by
it, the leasing Of real estate, the
building and erection Of buildings for
its own use and for the purpose OF
leasing to others by the day, month,
year or for any period Of time which
may be decided upon by its board OF
directors at the time any lease is en-
tered into and all business growing
out of or connected with a general
real estate business or the buying and
selling of real estate and the leasing
of the same, and the leasing of rooms
for legitimate amusements and the
conducting and promoting of legiti-
mate amusements. 1t shall be the
duty of the board of directors to look
after the collection of the house rent
and other money belonging to the
stockholders; to look after and keep
up the taxes on the property owned
by said corporation, and to look after
and keep in a safe place all leases
and contracts in which the said cor
poration is interested. Before the
said board of directors shall enter in
to a contract for the purchase or sale
of real estate, notice must be given to
every stakeholder Of the time and
place when such contemplated con-
tract shall be entered into and each
stakeholder shall be given an oppor-
tunity to attend such meeting and
vote upon the proposition, and each
stakeholder shall be entitled to one
vote for each share Of stock owned
by him in the said corporation.
8. The amount Of capital stock au-
thorized by the articles of incorpora-
ton is $4,000. i
4. That the said corporation shall
commence business on the 1st day
of September, A. D. 1913, and con-
tinue for twenty years with the right
Of renewal.
S. That the affairs of such corpor-
alton are to be conducted by seven
directors to be elected the first day
of July, 1913, a1d the first Tuesday
of each July thereafter, at which
election 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 and until
the election of such officers in July,
1914, the following named persons,
Charley Palmer, William Atkins, VIM.
G. Claridy, A. B. Latimer, A. Munro,
w. M. Smith and j. D. Moore, shall
be the directors of such corporation
and the directors shall at their first
meeting in each year elect presi-
dent, vice president, secretary and
treasurer, who shall hold office for
one year and until their successors
are elected and qualified.
6. That the highest amount Of
indebtedness to which said corpora
ton shall at any time subject itself
shall not exceed two-thirds the
amount of the capital stock nor be
in excess of the amount provided by
law.
7. That the private property of the
members of such corporation shall be
exempt from the debts of said cor
poration.
Lorn Elmore, president.
Will Atkins, Vice President.
Henry Taylor, Treasurer.
E. J. Nixon, Secretary.
w. Jackson, Asst. Sec'y.
Directors: Chas. Palmer, Ollie
Wells, VIM. Claridy, A. B. Latimer,
A. Munro, w. M. Smith, j., D. Moore,
P. A. Fletcher, VIM. Fletcher, D. G.
Patterson, B. Williams, S. Brown,
Robert Dickens, John Beverley, r. X.
Bruce.