Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1914-03-24
NOTICE OF INCORPORATION.
To Whom it May Concern:

Notice is hereby given that the
undersigned have associated them
selves together under and by virtue
of Chapter /, Title TX 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 corporation
is "The Corn Land Investment Com
pany" and it's principal place OF
business is Webster City, Hamilton
county, Iowa.
2. The general nature of the
business to be transacted by such
corporation is:
(a). To acquire, buy, lease, rent,
mortgage, sell, exchange, improve
and otherwise deal in real estate
and other property for any purpose.
(b). To promote immigration for
the purpose of colonization and the
selling of real estate to actual set
tiers.
(c). To engage in the retail or
wholesale mercantile business.
ca. To negotiate loans, to make
abstracts Of title, to purchase, &C
quire, subscribe for, hold, sell, as
sign, and otherwise deal in bonds of
%hn TYnf%od c%o<oe ~ tho C<oko ~
Iowa, and all municipal bonds,
school or drainage bonds, all certif-
icates issued by authority of the
laws of the State Of Iowa, and any
and all bonds and notes secured by
mortgages on real estate, provided
that the amount of such and all SUI
perior liens on such security shall
not exceed three-fourths of the act
ual cash value thereof.
(e). To make contracts, and to
engage in any business incident to
the objects above set forth, or which
may appear to the Company capable
of being carried on advantageously
in connection with its general bust
ness or for experimental purposes,
and to do any and all such other
matters and things that may aid
and promote the afol esaid purposes
of its organization, and to have the
same powers in respect thereto as
,1rivo&o icA{vld,,o1c
3. The amount Of capital stock
authorized by the articles of incor-
poration is $110,O0O.00. and shall be
when issued fully paid up and non
assessable.
4. That the said corporation
shall commence business as soon as
the certificate is granted by the Sec
rotary Of State, shall have perpet-
ual succession and shall continue 20
years with the right Of renewal I'M
less sooner dissolved by a three
fourths vote of all common stock
subscribed.
s. That the affairs of the cor
poration shall be conducted by a
board of directors of not less than
three nor more than five holders of
common stock. Said directors to be
elected on the second Tuesday in
January, 1915, and on the second
Tuesday of each January thereafter;
at which election each person or cor
poration shall be entitled to one
vote for each share of common
stock owned by such person or cor
poration, which vote may be cast
In person or by proxy; and until
the election Of such officers on the
second Tuesday of January, 1915,
the following named persons: w.
L. Whitman, H. l.. Hampton and J.
A. Harrell shall be the directors of
such corporation; and the directors
at their first meeting in each year
shall elect from their own number
! president, secretary and treasurer
who shall hold their offices for one
year and until their successors are
elected and qualified.
3. That the highest amount of
Indebtedness to which said corpora
lion shall at any time subject itself
shall not exceed $73,000.0O and in
no case shall exceed two-thirds of
he amount of capital stock actually
ssued and outstanding.
Z. That the private property of
he stockholders of said corporation
hall be exempt from corporate
lebts.
w. L. Whitman,
H. L. Hampton,
J. A. Harrell.