Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-19

the adjournment Of the annual meet
ing of the stockholders. at which time
1t shall elect president, vice presi-
dent and cashier and may elect or ems
ploy such other officers. clerks or en-
ployes as shall be deemed necessary for
the transaction of the business Of tho
corporation. Until the first annual
meeting of the board of directors. the
following named persons shall be the
officers of the corporation:
President. j. l.. Williams. postofffce
address. Marshalltown. Iowa.
Vice president, w. w. Doolittle. post
office address, Marshalltown. Iowa.
Cashier. H. NJ. Vawter. postoffice ad-
dress. Knoxville. Iowa.
ARTICLE TX.
Execution and Acknowledgements OF
Written Instruments.
Section /. All deeds. mortgages and
instruments in writing affecting real
estate which shall be made by the cor
poration. shall be executed and
acknowledged in the name OF the corr
poration by the president or vice presi-
dent. and attested by the cashier, with
the corporate seal thereto affixed.
| Sec. 2. Releases of mortgages and
other liens held by the corporation.
and satisfaction thereof, may be made.
| executed and acknowledged by the
president, vice president or cashier Of
the bank.
Sec. 3. All other written instruments
which may be made by the corporation
shall be executed by such officers or
agents as the bylaws may designate.
ARTICLE x.
Certificates of Stock.
Section /. The shares OF stock OF
A 11N les
upon full payment of the sums repre-
sented by them. and shall be trans
ferable only by assignment upon the
books of the corporation.
Sec. 2. The certificates Of stock is
sued to the shareholders shall be signed
by the president or vice president. and
attested by the cashier, and have the
corporate seal affixed thereto.
ARTICLE NJ.
Indebtedness.
This corporation shall not contract. or
incur any debt or liability. except for
deposits. and the necessary expenses Of
managing and transacting its business,
and obligations incurred for the pur-
pose of obtaining money with which to
pay deposits.
ARTICLE XII.
Exemption OF Private Property.
The private property OF the stock
| holders shall be exempt from corporate
| liability. except to the extent and in
the manner provided by the constieu.
! ton and laws of the state.
ARTICLE Mi.
Bylaws.
The hoard of directors may, by
| two thirds vote. make and adopt by
laws which are not In conflict with
10 lou IF no al fhaao apficloA
of Incorporation. for the management
of the property Of the corporation. tho
| transaction of it's business. and the
reg uiation OF It's affairs: and may ny a
| like vote alter or change such by.
| laws.
ARTICLE XIV.
| Amendment of Articles OF 1ncorpora.
| ton.
! These articles OF Incorporation may
| be amended at any regular meeting OF
| the stockholders. or at special meet
ing called for that purpose, by q two
| thirds vote of the capital stock Of the
| corporation.
| ARTICLE XIV.
Dissolution.
This corporation may be dissolved prior
to the time fixed In It's articles OF In.
corporation. by an affirmative vote OF
l1tS STOCKHOLDERS HOiulHS tNFeS-IOuFtQS
I of its capital stock, at a meeting of
the stockholders called for that purpose
in the manner required by law and
these articles of Incorporation: ana IN
| case of such dissolution It's affairs shall
be wound up In the manner provided
| by statute.
Dated this 9th day Of July. 1918.
]. l.. WILLIAMS,
H. NJ. vAWTER,
W. w. DOOLITTIE.
CIlAS. w. wARCUP,
G. H. RUTH.
State of Iowa, Marshall county-sA
On this 9th day OF July. A. D.. 1915.
before me personally appeared J. L.
Williams. H. NJ. vawter. g. H. Ruth.
w. w. Doolittle. Chas. w. Warcup. to
me known to be the persons named In
and who executed the foregoing articles
of incorporation OF the Security Saw
lings Bank, of Marshalltown. Iowa, and
acknowledged that they executed the
same as their voluntary act and deed.
JAMES w. BALLARD.
i Notary Public.
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