The Denison review. [volume] (Denison, Iowa) 1867-current, 1914-04-22
ARTICLES OF INCORPORATION
OF Farmers Cooperative Society,
of nanisnn. Iowa.


OF Denison, Iowa.
Notice is hereby given that the I'M
dersigned have formed corporation
for the purpose and subject to the con-
ditions as follows:
ARTICLE T
The name of the Incorporation shall
be the Farmers Cooperative Society
of Denison," and it's principal place
of business shall be at Denison, CraW-
ford county, Iowa.
ARTICLE II
The general nature of the business
to be transacted by this society shall
consist in buying and selling and deal
ing in all kinds of farm and dairy prod
ucts. cattle. swine, sheep, poultry, dry
goods, boots and shoes. groceries hard
ware, farm machinery, lumber, tile
stone, brick and all kinds Of building
material, fuel, grain and real estate
and dealing in all kinds of merchan-
of property on commission or other
ARTICLE III
The capital stock shall be at the be-
ginning of the business of this incor-
poration not less than five thousand
(S5, 0O0) dollars. paid in at such Begin
ming, and may be increased from time
and (S1O,OOO) dollars, on the issuance
of shares of stock to purchasers be-
coming members. The said shares to
be twenty-five (S25) dollars each, and
no member shall, at any time, own or
have interest in more than ten shares,
except by two-thirds vote Of the
stockholders. No shareholder shall
have more than one vote in conducting
the affairs of the corporation.
ARTICLE "
This corporation shall commence bus
mess on the first day of May, 1914, and
continue twenty years with the right
Of renewal.
ARTICLE V
The affairs of this corporation shall
be conducted by the following officers
after their election and qualification,
to-wit: A president, vice-president. a
secretary, a treasurer, and nine dlrect-
ors. They shall be elected on the first
meeting in each year, and annually
thereafter To hold their offices until
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, and
until such first election others as may
before such election become members,
shall conduct the affairs of the corpora
ton as board of directors.
ARTICLE VI
The officers Of this corporation snail
have the power to appoint general
agent to transact business for and IN
the name of the corporation, who snal!
act under tho direction ana controi OF
such officers and be appointed for SUCH
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 or
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-
cept to the amount of the shares OF
stock held by each respectively, and all
shares shall be worcestershire.
ARTICLE IN
This corporation shall have the pow
en- to borrow money from time TO time
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 tho amount Of Indebtedness for
| borrowed money exceed the sum OF
three thousand dollars, and the prop
erty, real and personal of the corpor-
alton, may be mortgaged to secure such
sums borrowed.
This corporation may at any time be
dissolved by the vote of tWo-thlrds OF
all the shareholders voting in favor OF
such dissolution.
CHAS. C. SPECK.
BRUCE BA1R,
T. A. HARVEY,
w. i. 'BAIR,
JACOB WEISS.
a. II. BROGDlIN,
JNO. p. WOODRUFF.
THEO. c. BLUMI,
w. V. HUFFMAN.