Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1913-12-17

fix the compensation of all officer
and employees.
! ARTICLE vi.
J Annual and Special Meetings o.
: Stockholders.
3 Section 1.-The annual meeting
of the stockholders shall be held al
the Office of the corporation on the
! Ind Tuesday of January Of each
year, beginning with the year 1914
at which time the stock shall
elect a board of directors and tran
sact such other business as may law
fully come before them.
Section Especial meetings OF
the stockholders may be called by
the president, vice-president, or by
majority of the members of the
board of directors, or by the holder
or holders of majority of the stock
of the corporation. Ten 1O) days
notice of the time and place of such
meeting shall be given by the cash
] Ter, or the person or persons calling
such special meeting, by mailing a
notice in writing to each stakeholder,
directed to his address as shown up
on the books of the corporation.
which notice shall state the object
of the meeting, and no business 9TH
er than that named in the notice
shall be transacted at such special
meeting, unless all of the stock of
the corporation shall be represented,
and no objection shall be made by
any stakeholder to the transaction of
business other than that named in
the notice.
Section 3.-The voting at all
stockholders meetings shall be by
ballot, and each share of stock rep
resented by the holder thereof, or
by his proxy duly authorized in
writing, shall be entitled to one vote.
ARTICLE VII.
PROVISIONAL DIRECTORS.
Until the first annual meeting of
the stockholders, the following nam
ed persons shall be the directors of
the corporation:
E. j. Curtin, p. o. Address, Decor
ah, Iowa.
Ogden Casterton, P. o. Address,
DEBORAH, Iowa.
r. F. B. Portman, P. O. Address,
DEBORAH, Iowa.
F.. w. Conover, P. o. Address, De-
corah, Iowa.
John Curtin, P. o. Address, De-
corah, Iowa.
ARTICLE VIII.
Annual Meeting of Board of
Directors.
The annual meeting of the board
of directors shall be held on the
second Tuesday of January in each
year, and Immediately following the
adjournment of the annual meeting
of the stockholders, at which time
it shall elect a president, vice-presi-
dent and cashier, and may elect or
employ such other officers, clerks or
employees as shall be deemed neces-
sary for the transaction of the bust
ness of the corporation. Until the
first annual meeting of the board of
directors, the following named per-
sons shall be the officers of the cor
poration:
Pres. E. j. Curtin, p. o. Address,
DEBORAH, Iowa.
Vice-Pres. Ogden Casterton, P. O..
Address, DEBORAH, Iowa.
Cashier B. j. Mckay, P. o. Adj
dress, DEBORAH, Iowa.
ARTICLE TX.
Execution and Acknowledgment OF
Written Instruments.
Section AL deeds, mortgages
and instruments in writing affecting
real estate which shall be made by
the corporation, shall be executed
and acknowledged in the name of the
corporation by the president or vice.
president, and attested by the CASH
Ter, with the corporate seal thereto
affixed.
Section 2.-R eleases of mortgages
and other liens held by the corpora
ton, and satisfaction thereof, may
be made, executed and acknowledge
ed by the president, vice-president
or cashier of the bank.
Section 3.-All other written in
struments which may be made by
the corporation shall be executed
by such officers or agents as the by
laws may designate.
ARTICLE X.
CERTIFICATES OF STOCK.
Section 1.-The shares of stock of
the corporation shall be issued only
upon full payment of the sums repre-
scented by them. and shall be trans
ferable 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-president, and attested by the
cashier, and have the corporate seal
] affixed thereto.
ARTICLE XI.
INDEBTEDNESS.
| This corporation shall not con-
tract or incur any debt or liability
except for deposits, and the neces-
sary expenses of managing and tran
sacting its business, and obligations
incurred for the purpose of obtain
ing money with which to pay depos-
its.
| ARTICLE XII.
Exemption Of Private Property.
! The private property of the stock
holders shall be exempt from cor.
porate liability, except to the extent
and in the manner provided by the
constitution and laws of the State.
! ARTICLE XIII.
/ BYLAWS.
The board of directors may, by q
two-thirds vote, make and adopt by.
laws which are not in conflict with
the laws Of the state or these arti-
cles of incorporation, for the man,
agement of the property of the cor.
poration, the transaction of it's bust