Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1913-04-01
NOTICE OF INCORPORATION.
Whom It May Concern:

NOTICE OF INCORPORATION.
To Whom 1t May Concern:
Notice is hereby given that the
undersigned have associated them
selves together under and by virtue
of Chapter /, Title 8 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:
l. The name of such incorpora-
ton is the Farmers Elevator Com
pany' and its principal place Of
transacting business is Blairsburg.
Hamilton county, Iowa.
.. 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-
ness on the 18th day of January,
1913, and continue until January
Is, 1898
5. That the affairs of such cor
ppration 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 board of directors
and said officers shall be elected each
Of "a IF Tho
stockholders which shall be held in
harrisburg, Iowa, on the first Tues
day after the fourth day Of July Of
each year commencing July 4th,
1913, at which election each share
holder shall have one vote which
vote may be cast in person or by
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 corporations: President, +. H.
Burcham; Vice President, Geo. Far
ley. Secretary, II. A. Stafford; Treas
urer, w. G. Baker; and the other
members of the board are: B. f.
Read. II. ]. Deakman and p. l.. Pet
erson Such directors are authoriz-
ed to transact all the general affairs
of the business until the first annual
meeting of the stockholders and I'M
til their successors are elected and
qualified.
g. The Indebtedness of this in
corporation shall not at any time
exceed two-thirds of the amount Of
paid up capital stock thereof, and
said corporation shall borrow money
equal to said sum upon vote Of
two-thirds of the officers and direct
ors at any special or regular meet
ing, provided that no more than
100000 shall at any one time be
borrowed and at no time shall the
amount exceed the sum OF 100000.
7. The private property of this
corporation shall be exempt from IL
ability for the debts of this corpor-
alton.
f. II. Burcham,
II 4 Stafford