Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1914-02-04
NOTICE or INCORPORATION OF
THE SECURITY STATE BANK
OF MANCHESTER IOWA.

has been organized and Great
ID Under Sh o9 ie Elsve en- @ Code and
thereof with. its principal
place of business at Manchester. Iowa.
Security State Bank.
The general nature OF the business
to be transacted by this corporation is
the provisions Of CHAPTERS Eleven d1)
and Twelve d2) OF Title TX Of the
Code of Iowa and Acts of the Legisla-
ture amendatory thereof. and said cor
self all and singular the powers con-
ferred upon state banks by the laws of
Iowa. including those conferred by
CHAPTER 152 Of the Laws of the 35th.
The capital stock of said corpora
ton is $100,O00.00 which Is divided in
to one thousand shares Of $4,000 each,
all of which are to be fully paid up be-
fore. the corporation begins the tram
saction of it's business.
The existence Of said corporation is
state issues his certificate of incorpo-
ration and shall continue twenty years
thereafter. and the corporation .may
commence the transaction Of business
when the certificate OF the auditor OF
state shall have been issued authoriZ-
ing it to do so. It's corporate exist
ence may be terminated at any time
by, three-fourths vote of the stock
special meeting called for that pur-
pose. in conformity with the articles Of
incorporation and in accordance with
the provisions Of the laws Of this state;
The affairs of said organization are
to he managed by a board of seven
directors. who Shall be elected from
the stockholders at the annual meet
ing of the corporation and shall hold
office for the term of one year and
unit! their successors. are elected and
qualified and have accepted office Va
be filled by the remaining members Of
the board and the persons so elected
shall hold office until the next annual
a president and one or more vice
presidents. not exceeding three. are to
be elected by the board Of directors
also elect cashier who may or may
not be member of the board of di-
rectors and who shall also act as Sec
rotary of the. corporation. 1t may. al
and clerks as may be necessary to
the. transaction of it's business and
shall fix the compensation Of all Off
holders shall be held in the B banking
building Of the corporation at Manches-
uary Of each year. beginning with the
year 1915. at which time the stock
holders shall elect a board Of directors
and transact such other business as
cial meetings of the stockholders may
be called by the president or vice-presi-
dent. or by a majority vote Of the d.
the majority of the stock of the cor
poration. Notice Of such meeting shall
be given in the manner provided for
in Section Of Article VI. of the Arti-
cles of incorporation of said body cor
porate The voting of all stockholders
shall be by ballot and each share of
stock presented by the holder thereof,
or by his proxy duly authorized in
writing. shall be entitled to one vote.
Until the first annual meeting of the
stockholders to be held in January 1915,
the following named persons shall be
directors of said corporation: X.
a, w. Stearns. T. .. Address. Man.
G. G. Cole. p. Q. Address. Greeley,
+. B. Wilson. p. 0. Address. Gree
chas Roberts. P. Q. Address. Straw
i: W. Craig, r: O. Address. Des
W. B. Robinson. p Q. Address. Ryan,
". II. Norris. r.. o. Address. Man
The annual meeting of the board of
directors shall be held on the 4th
mencing with the year 1916. and inn
mediately following the adjournment Of
the annual meeting. at which time said
board shall elect its, officers and may
elect Or employ such clerks or en-
ployees as shall be deemed necessary
for the transaction of the business of
the corporation.
following named persons shall be the
officers of the corporations: $50.
President. w; II. Norris. p. o. Ad
dress. Manchester. Iowa:
Vice-president, A. w. Stearns. p. o.
Address. Manchester, Iowa:
Vice president. Chas. Roberts. ?. 0.
Ad Tica Strawberry Snt cr l9wa
Address,. Des Moines. Iowa; >- ~
Cashier. F. B. Wilson. p. o. Address.
Greeley. Iowa.
in writing affecting real estate which
shall be made by the corporation are
to be executed and acknowledged in
the name of the corporation by. the
ed by the cashier with the corporate
seal thereto affixed. Releases OF mort
cages and other liens held by the cor
be executed and acknowledged by the
president. president. or cashier of
the bank. All other Written instru-
ments which hha nay be made by
officers and agents as the bylaws may
designate. .
The shares of stock of the corpora
payment of the sums represented by
them and shall be transferable only by
assignment upon the books of the cor
poration. .s,gl -. 49, %
The certificates of stock issued to
the share. holders shall be signed by.
the president or vice-presdent and
attested by the cashier and have the
The highest amount Of Indebtedness
to which this corporation can at any
time subject itself except for deposits
shall not exceed its capital stock.
holders shall be exempt from corpo-
rate liability except to the extent and
in the manner provided by the con-
The board of directors may by a two
thirds vote make and adopt bylaws
which are not in conflict with the. laws
Of TIE state or the OF
property of the corporation. the tran
saction of its business and the reSuia-
lion of it's affairs. and may by like
vote alter or change such bylaws. The
articles of incorporation may be
amended at any regular meeting of
he stockholders; or ri special meet
ng called for that purpose. by two
birds vote Of the capital stock of
he corporation.
The articles of incorporation of said
22ody corporate We're signed on the 18th
auditor of state on the 18th day of
January. 1914: filed for record in the
office of the Recorder of Deeds Of
lay of January 1914. and recorded.in
Book 3 Of Interpretations commencing
IN page 255: and We're filed for record
n the office of the secretary Of state
n Des Moines. Iowa. on the 23rd day
Of January. 1914.
Dated at Manchester. Iowa. January
,fth 1914.
cOLB. F. B. WILSON. CHAS. ROB
IRTS. F. w. CRAIG. w. B. ROBIN
son. and W. II. NORRIS.
incorporates.
|-4wks.