Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1913-03-25
NOTICE OF INCORPORATION.
70 Whom It MAY Concern:

Notice is hereby given that the
undersigned have associated them
selves together under and by virtue
of Chapter 1, Title of the Code OF
Iowa and the laws amendatory
thereto, as a corporation, and have
adopted articles of Incorporation
which provide as follows, to-wit:
/. The name of such incorpora-
ton is the Farmers Elevator Com
pany'' and its principal place OF
transacting business is harrisburg,
Hamilton county, Iowa.
2. The general nature of such
corporation shall be and consist OF
buying and selling and dealing in
all kinds of farm and dairy pro-
ducts, cattle, swine, sheep, poultry,
dry goods, boots and shoes, grocer
les, feed, hardware, farm machinery,
lumber, coal, real estate and dealing
in all kinds of merchandise and in
buying and selling all kinds of prop
erty on commission and otherwise.
3. The authorized capital stock
of such company shall be SIS, 100000,
divided into shares of $500 each,
100000 of which shall be fully
paid at the time of the beginning Of
the business of such corporation, and
no member of such corporation shall
at any time own or have an interest
| in more than ten shares of such In
corporation, and no shareholder
shall have more than one vote in
conducting the affairs of the corpor-
alton.
4. Such corporation is authoriz-
ed by it's articles to commence bust
ness on the 18th day of January,
|1913, and continue until January
lis, 1888. .r-t
| 5. That the affairs of such cor
poration shall be conducted by a
board of directors consisting of sew
en- members of which the officers OF
the corporation shall be eX-officio
members and three others who shall
be elected annually at the annual
meeting of the stockholders of the
; corpora ton. Said hoard of directors
and said officers shall be elected each
year at the annual meeting of the
stockholders which shall be held in
Blairsburg, Iowa, on the first Tues
day after the fourth day of July OF
each year commencing July 4th,
ll9l3, at which election each share
i holder shall have one vote which
vote may be cast in person or by
4 proxy; and until the election of such
officers and members of the board OF
directors on the first Tuesday after
the fourth day of July, 1913, the
following named persons shall be the
|, officers and board of directors Of
such corporation: President, F. H
Burcham: Vice President, Geo. Far
ley. Secretary, II. A. Stafford; Treas
urer, w. c. Baker; and the Other
members of the board are: B. F
Read, II. J. Deakman and P. l.. Pet
erson Such directors are authoriZ
? ed to transact all the general affair:
of the business until the first annua
meeting of the stockholders and un
til their successors are elected ane
qualified. s.
!, 6. The Indebtedness of this in
corporation shall not at any time
exceed two-thirds OF the amount o
+ paid up capital stock thereof. ant
said corporation shall borrow none!
equal to said sum upon a vote o
!, two-thirds Of the officers and direct
ors at any special or regular meet
! ing, provided that no more thai
S500000 shall at any one time b.
borrowed and at no time shall tn
amount exceed the sum of 100000
= I. The private property Of thl
q corporation shall he exempt from Ii
ability for the debts of this corpor
p alton.
II II Rprpham