The Denison review. [volume] (Denison, Iowa) 1867-current, 1914-04-15

ginning of the business OF this Moor
poration not less than five Thousand
($5,OOO) dollars paid in at such oegln-
ming, and may be increased from time
and t$lO,O0O) dollars, on the issuance
of shares Of stock to purchasers oe-
coming members. The SAID snares 70
be twenty-five ($25) dollars each' ana
no member shall at any time own VI
have interest in more than ten shares,
stockholders. No shareholder snal!
have more than one vote in conducting
the affairs Of the corporation.
ARTICLE Nv
This corporation shall commence pus,
mess on the first day of May, 1914, ana
continue twenty years with the right
of renewal
ARTICLE V
The affairs Of this corporation snail
be conducted by the following officers
after their election and qualification.
to-wit: A president, a vice-presldent' q
secretary a treasurer, and nine direct
ors They shall be elected on the nrSt
meeting in each year. and annually
their successors are elected and enter
upon the duties of their Offices, al
vacancies to be filled by the board or
directors. None but members OF the
corporation shall be such officers, ana
until such first election others as may
before such election become MEMBERS
shall conduct the affairs of the corpora
ton as a board of direct tors.
ARTICLE vi
The officers Of this corporation shall
have the power to appoint general
agent to transact business for and IN
the name of the corporation, who snal!
act under the direction and control OF
such officers and be appointed for sucn
time as may be agreed upon between
him and such officers
ARTICLE VII
This corporation shall at no time nave
or subject itself to Indebtedness ex.
ceeding the amount OF two-thirds OF
the shares of stock actually paid up, as
shown by the books Of the corporation.
ARTICLE VIII
The private property of the members
and shareholders shall be exempt from
all the debts of this corporation, ex.
stock held by each respectively, and all
shares shall be worcestershire.
ARTICLE TX
This corporation shall have the pow"
on the vote of two-thirds of all the
officers and directors at any special or
regular meeting, provided, that no more
than one thousand dollars shall at any
one time be borrowed and at no time
shall the amount Of Indebtedness for
three thousand dollars, and the prop
erty, real and personal of the corpor-
alton, may be mortgaged to secure such
sums borrowed.
ARTICLE X
This corporation may at any time pc
dissolved by the vote of two-thlrds or
all the shareholders voting in favor OF
such dissolution.
Fl. J. COOK,
i CHAS. C. SPECK,
BRUCE BAIR,
Z. A. HARVEY,
w. f. BAIR,
JACOB WEISS,
A. II. BROGDEN,
JNO. P. WOODRUFF,
THEO. C. BLUME,
w. v. HUFFMAN,
PAUL STEENSEN.
State of Iowa, Crawford County, S.
Dated April 4, 1914.
Before me personally appeared the
persons whose names appear above, said
persons being to me personally known
to be the identical persons whose names
are subscribed to the foregoing Articles
of Incorporation, and each for himself
the same to be his free
and voluntary act and deed for the
uses and purposes therein expressed.
Witness my hand and notorial seal
at Denison, in the county of Crawford.
state of Iowa, the day and date last
above written.
FRANK FAUL,
(SeaD Clerk District Court in
15-4t and for Crawford County, Iowa.