Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-26
Iowa, and accepts all the duties and
obligations imposed thereby.
ARTICLE I'LL

Iowa, and accepts all the duties and
obligations imposed thereby.
ARTICLE Ill.
Capital Stock
The capital stock of this corporation
shall be Fifty Thousand Dollars $780,
oOO), and shall be divided into shares
of one hundred dollars $4,000 each. and
shall be fully paid before the corpora
ton begins the transaction of it's bust
ness.
ARTICLE ".
Duration.
The existence OF this corporation
shall begin on the date the secretary
Of state issues his certificate OF incor-
poration, and shall continue fifty years
thereafter: and the corporation may
commence the transaction of business
when certificate OF the AUDITOR OF
state shall have been issued authorize
ing 1t to do so. Its corporate exis-
tence may be terminated at any time
by q three-fourths vote OF the stock
holders at any regular or special meet
ing called for that purpose, In con-
formity with the articles OF incorpor-
alton and In accordance with the pro-
visions Of the statute.
AN lUNIllIL "
Board OF Directors and Officers.
Section 1. The affairs of this corpor.
alton shall BIO conducted and managed
by board OF nine, directors, who shall
be elected from the shareholders at the
annual meeting of, the corporation. and
shall hold office for the term OF one
wear. and until their successors are
elected and qualified and have accepted
office.
Sec. Q. Any vacancy in the board OF
directors shall be filed by the remain
ing members of the board. and the per-
sons so appointed shall hold office until
the next annual meeting of the stock
holders.
Sec. 3, The board OF directors shall
elect a president and vice president
from It's members, and shall also elect
cashier from the stockholders, who
may or may not be member of the
board of directors. and who shall also
act as secretary of the corporation. II
may also elect and employ such other
officers and clerks as may be necessary
to the transaction Of it's business. anc
shall fix the compensation OF all Off
GERS and employees
ARTICLE VI.
Annual and Special Meetings Of the
Stockholders.
Section I. The annual meeting of the
stockholders shall be held at the office
of the corporation on the first Tues
day after the first Monday OF June Of
each year, beginning with the veal
1916. at which time the stockholders
shall elect a board of directors ant
transact such other business as ma,
lawfully come before them.
Sec. 2. Special meetings of the
stockholders may be called by the pres
ident vice president. or by majority
of the members Of the board of direc-
tors, or by the holder or holders Of
majority Of the stock of the corpora
ton. Ten (10) days notice Of the time
and place Of such meeting shall bt
given by the cashier, or the person oil
persons calling such special meeting
by mailing notice in writing to each
stockholder. directed to his address a:
shown upon the books Of the corpora
ton, which notice shall state the OBJ
feet OF the meeting. and no bushes!
other than that named in the notice
shall be transacted at such specia
meeting, unless all Of the stock OF Thu
corporation shall be represented, ant
no objection shall be made by an!
stockholder to the transaction OF bust
ness other than that named In tho no
tice.
Sec. 8. The voting at all stockhold
ers. meetings shall be by ballot, ant
each share Of stock represented by tt'
holder thereof. or by his proxy dull!
authorized In writing, shall be entitled
to one vote.
ARTICLE VII.
Provisional Directors.
Until &c G:st annual meeting of tn
stockholders, the following named per
sons shall be the directors OF the cor
poration:
:. 4. Williams, postoffice address
Marshalltown, Iowa.
n. n. vawter. postofice address
Knoxville. Iowa
]. Brennecke. postoffice address
Marshalltown, Iowa.
J. o. Bissett, postoffice address. La
noble. Iowa.
L. r. willard. postoffice address
|tMarshalltown. Iowa.
C. w. Warcup. postoffice address
Marshalltown, Iowa.
w. w. Doolittle. postoffice address
Marshalltown, Iowa.
81. 8. Ketchum. postoffice address
MarshAlltown, Iowa.
A. Higgin. postoffice address, Mar
sha1ltown, Iowa,
ARTICLE VIII.
Annual Meeting of Board OF Directors
Tho annusl meetiug of tim hoard q