Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1913-12-10

TX the compensation of all officers
and employees.
ARTICLE VI.
Annual and special Meetings OF
Stockholders.
! Section 1.-The annual meeting
of the stockholders shall be held al
the Office OF the corporation on the
md Tuesday or January Of each
year, beginning with the year 1914,
at which time the stockholders shall
eject board or 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
a majority OF the members of the
board OF directors, or by the holder
or holders OF majority of the stock
OF the corporation. len (10) 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 noLlce shall state the object
OF the meeting, and no business 9TH
er than that named III the notice
shall be transacted at such special
meeting, unless all OF the stock or
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.
Ill
stockholders meetings snail 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 10 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,
Decorah, Iowa.
X. f. b. Portman, P. o. Address,
DEBORAH, Iowa.
+. w. Conover, P. o. Address, De-
SoAoh, 4O"Q.
John Curtin, p. o. Address, De-
coran, 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
or the stockholders, at which time
II shall elect president, vice-presi-
dent and cashier, and may elect or
employ sucn other omcers, clerks or
employees as shall be deemed neces-
Sary TOR the transaction or the bust
ness or the corporation. UnIil the
nrst annual meeting OF the board of
directors, the Following named per-
sons shall be the officers OF the cor
poration:
Pres. f. j.. Curtin, p. o. Address,
Decorah, Iowa.
Nice-rres. Ogden Casterton, p. o.
Address, Decoran, Iowa.
CASHIER b. j. Mckay, p. o. Ad-
dress, DEBORAH, Iowa.
ARTICLE IN.
Execution and Acknowledgment of
Written Instruments.
Section ALI 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 Releases 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-
sented by them. and shall be trans
| ferable only by assignment upon the
books of the corporation.
Section 1.-The certificates OF
stock issued to the shareholders
shall be signed by the president OF
vice-president, and attested by the
cashier, and have the corporate seal
affixed thereto.
ARTICLE ri.
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-
it's.
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 a
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
hn Two of h,n -;