Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1914-02-18
NOTICE OF iSINcoRPoRATloN 70
Is. THE SECURITY STATE BANK =
4 OF MANCHESTER, IOWA, iG

Ell under: Chapters Eleven CD ana
iowa and nd Acts 1 Of the Legislature
amenda,ory thereof with, it's principal
place of business at, Manchester. Iowa,
The name OF such corporation Is the +,
Security State Bank.
The general nature OF tile business :
to be transacted by this corporation is
the provisions of Chapters Eleven I'D
and Twelve. l2) of title N Of the /:
Code OF Iowa and Acts of, the Lestsla-
poration has assumed and takes to it. !
self all and singular the powers con-
fred tae }hoks by afe aYs f
General Assembly. :. -,
The, capital stock of said corpora !!
to one thousand shares Of $4,000 each,
all of which are to be fully paid up be-
fore the corporation iaI ration begins the tran
The existence of said corporation is
to begin on the date the secretary Of
state issues ms certificate OF ncor noDs
thereafter. and the corporation may /
commence the transaction of business
state shall have been issued authoriz-
ing it to do SO. Its corporate exist,
ence may be terminated at any time
by at Gf ehs
special meeting called for that pur-
pose. in conformity. with the articles OF
incorporation ana III dCCOfudHCo Will
the provisions Of the laws of this state, i
The affairs Of said organization are :
to be 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
qualified and have accepted office. Va
cancies In the board of directors shall
be filled by the remaining members OF
, shall hold office until the next annual
meeting of the stockholders ~.s
president and one or more vice.
be elected by the board OF directors
J from its members. and said board shall
also elect q cashier who may or may
rectors and who shall also act as Sec
rotary Of the corpol alton. 1t may. al
SO elect and employ such other officers
! the transaction Of it's business and
shall fix the compensation of all Off
GERS and employees:
holders shall be held in the banking
building of the corporation at Manches-,
ter. Iowa. on the 4th Tuesday Of Jan J
year 1915, at which time the stock
1 holders shall elect a board OF directors
and transact such other business as
ciai meetings Of the stockholders may
be called by the president or vice-presi-
dent. or BY majority vote of the di-
= FGCCOTS, OF DSN tIle llOluSI IOluC4 > vi
the majority Of the stock Of the cor,
poration. Notice Of such meeting shall
be given in the manner provided for
e ei e Of mcorporation of said body cor
Shall be by ballot. and each share Of
b preay ~ duly e aasf eeG
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:
A. w. Stearns. F. O.. Address, Man
Iowa:
F.. B. Wilson. P. O. Address. Gree
Chas. Roberts. P. Q. Address, Straw
berry Point. Iowa:
l F. w. Craig. p. Q. Address. Des
W 3. Robinson. P. O Address. Ryan.
\ w. H. Norris. P. o. Address. Man
chester. Iowa.
directors shall be held on the 4th
Tuesday of January of each year, COM
mediateiy following e~adjournment Of
the annual meeting, at which time said
elect or employ such clerks or en-
ployees as Shall be deemed necessary
for the transaction Of the business of
the corporation.
/ UALll the 1lrSC dnNueal ,IleelilS. lIie
following named persons Is shall be the
President. W; H Norris. P. Q. Ad-
dress. Manchester. Iowa:
4 Vice-president A. w. Stearns. p. @.
Address. Manchester. Iowa;
Vice-president. Chas. Roberts. P. O.
Address. Strawberry Point Iowa:
n Vice-president, F: w. Craig, p! q.
Address. Des Moines, Iowa: e
Cashier. F. B. Wilson. p. O. Address,
Greeley. Iowa ~ Ss5 . I I. II
Deeds and mortgages and instruments
in writing affecting real estate which
shall be made by the corporation are
to be executed and acknowledged IN
! president or vice-president and attest
ed by the cashier with the corporate
seal thereto affixed. Releases Of mort
cages and other liens held by the cor
poration and satisfactions thereof may
be executed. and acknowledged by the
president. vice president. or cashier OF
the bank. All other. written instru-
ments which may be made by the
corporation shall be executed by such
officers and agents as the bylaws may
designate.
ton shall be issued. only upon full
payment of the sums represented. by
assignment upon the books Of the cor
poration. tf4s. Y.
The certificates Of stock issued to
the president or vice president and
corporate seal affixed thereto.
The highest amount of Indebtedness
to which this corporation can at any an,