Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-13
Notice Of incorporation Of Union


Notice is hereby given that a cor
poration has been formed under the
name hereinafter given, and for the
purposes hereinafter stated:
F'irst-The name of the said corpora
ton is Union Cheese Company, and its
principal place Of business is Mar
shalltown. Iowa.
Second-The general nature Of the
business to be transacted by this cor
poration shall be that Of wholesale
dealer in cheese. butter and other milk
products; the corporation shall have
the power to purchase and sell. prepare
and manufacture commodities and
merchandise of any kind that may be
convenient or necessary in the trans
action of it's general business; make
contracts. mortgages, leases. issue
bonds, and acquire. own, hold and dis
pose Of the corporate stock of other
corporations; to act as commission
merchants and to acquire, own, sell.
mortgage, lease or otherwise dispose
OF such real and personal property as
may be convenient or necessary in the
conduct OF its affairs, and it shall
further have and possess all the
powers enumerated in the laws OF the
state Oh 4OWd " W. PoA~
tons for pecuniary profit.
Third-The amount Of capital stock
of the corporation authorized is fifty
thousand dollars (s50o0o.o0). divided
into shares Of one hundred dollars
(s100.OO) each, five thousand dollars
(S5, OOO. OO) Of which stock shall be fully
paid as soon as the certificate OF in
corporation has been issued by the
- CT
shall be issued until the corporation
has received payment in full therefore
at par, in cash, or other property pro-
yided however, that when stock is to
be issued for anything other than
money it must be upon proper action
by the officers or directors of said
corporal ton and following consent OF
the executive council Of Iowa, as pro-
vided by law. The capital stock au-
thorized may be increased by vote of
two thirds (2-3) Of the interest of all
the stockholders then existing. through
amendment to these articles.
Upon the issuance Of any new stock
the then stockholders Of the company
have. q ten Q0) days option, unless
waived in writing to purchase the
same in proportion as the amount Of
their stock bears to the total amount
then outstanding; the remaining
stockholders to have like privilege as
10 the proportion of any stakeholder
who fails to use such option.
Fourth-The corporate life Of this
corporation shall begin on the date Of
the issuance of it's certificate of in
corporation by the secretary of state
of the state of Iowa, and shall termi-
nate at the expiration Of twenty GOD
years from said date unless sooner
dissolved by a three-fourths (A) vote
of it's stockholders.
F'ifth-The affairs Of this corpora
ton shall be managed by a board Of
not less than three CD nor more than
five 60 directors, as shall DE deter
mined at each annual meeting OF
stockholders, who shall elect pres
ident, vice president. secretary and
treasurer, and such other officers in
Guiding an executive committee. as
thew may see fit or as may be pro-
yided for by the bylaws of this cor
poration.
The first annual meeting OF stock
holders shall be held on the third We'd
nesday in January, 1915, and annually
thereafter, at its office fl Marshall
town, Iowa. Until said meeting and
unless otherwise ordered by a major
ity of the stockholders at special
meeting called for that purpose, the
following persons shall be the directors
and officers Of the corporation: E. g..
Hodges, president, Marshalltown.
Iowa; John P. Woodbury., vice presi-
dent, Marshalltown. Iowa; c. c. St.
Clair, secretary and treasurer, Mar
shalltown, Iowa. The office of sec
rotary and treasurer may be held by
one and the same person.
Sixth-The highest amount Of in
debtedness to which this corporation
may at any time subject itself. shall
not exceed two-t thirds (2-3) Of its cap
ital stock.
Seventh-The private property Of
the stockholders Of this corporation
shall be exempt from corporate liabil
ity except to the extent and in the
manner provided by the laws of the
state Of Iowa, and this article is not
subject to amendment.
OF all Of which take due notice.
E. G. HODGES,
President.
JOHN P. WOODBURY.,
Vice President.
c. c. ST. CLAIR,
Secretary and Treasurer.