The Leon reporter. (Leon, Iowa) 1887-1930, 1915-10-28
ARTICLES OF INCORPORATION.
or The Pleasanton Savings Bank, of
PleasantOn, Iowa.

be "PleasantCn Savings Bank" and
its place of business shall be in the
city of Pleasanton, county of Decatur
and state of Iowa.
ARTICLE II.
Business.
The general nature of the business
to be transacted by this corporation
shall be that of a savings bank, con-
Quoted under the provisions of Chap
tiers 0 and g of Title TX of the Code
of Iowa and acts of the Legislature
amendatory thereto; and this cOrpOr-
alton hereby assumes and takes to
itself all and singular the powers con-
ferred upon savings banks by the laws
of Iowa, and accepts all the duties
and obligations imposed thereby.
ARTICLE III.
Capital Stock.
The capital stock of this corpora
ton shall be fifteen thousand dollars,
($15, 100000, and shall be divided
into shares of one hundred dollars
($1O0) each, and shall be fully paid
before the corporation begins the
transaction of its business.
article ".
Duration.
The existence of this corporation
shall begin on the date the Secretary
of State issues his certificate of in
corporation, and shall continue twen-
ty years thereafter; and the corpora
ton may commence the transaction of
business when certificate of the
Auditor of State shall have been is
sued authorizing it to do so. Its cor
porate existence may be terminated
at any time by a three-fourths vote Of
the stockholders at any regular or
special meeting called for that pur-
pose, in conformity with the articles
of incorporation and in accordance
with the provisions of the statute.
ARTICLE V.
Board of Directors and Officers.
Section /. The affairs of this cor
poration shall be conducted and man.
aged by board of five directors, who
shall be elected from the sharehold-
ers at the annual meeting of the cor
poration, and shall hold office for the
term of one year, and until their sue
cessors are elected and qualified and
have accepted office.
Section 2. Any vacancy in the
board of directors shall be filled by
the remaining members of the board
and the person so appointed shall
hold office until the next annual
meeting of the stockholders.
Section 8. The board of directors
shall elect a president and vice presi-
dent from it's members, and shall
also elect a 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
also elect and employ such other Of
ficers and clerks as may be necessary
to the transaction of its business, and
shall fix the compensation of all Of
ficers and employees.
ARTICLE vi.
Annual and Special Meetings of the
Stockholders.
Section 1. The annual meeting of
the stockholders shall be held at the
office of the corporation on the third
Monday of January of each year, be-
ginning with the year 1916, at which
time the stockholders shall elect a
board of directors and transact such
other business as may lawfully come
before them.
Section 2. Special meetings of
the stockholders may be called by the
president, vice president, or by ma
jority of the members of the board of
directors, or by the holder or hold
ers of a majority of the stock OF the
corporation. Ten GO) days notice
of the time and place of such meeting
shall be given by the cashier, or the
person or persons calling such spec
ial meeting, by mailing notice in
writing to each stakeholder, directed
to his address as shown upon the
books of the corporation, which no
tice shall state the object of the
meeting, and no business other than
that named in the notice shall be
transacted at such special meeting,
unless all of the stock of the corpora
lection shall be made by any stock
holder to the transaction of business
other than that named in the notice.
Section 8. The voting at all stock
holders meeting shall be by ballot,
and each share of stock represented
by the holder thereof, or by his proxy
duly authorized in writing shall be
entitled to one vote.
ARTICLE VII.
Provisional Directors.
Until the first annual meeting OF
the stockholders, the following nam
ed persons shall be directors of the
corporations:
Charles Woods, P. O. address, Sa
line, Mo.
A. B. McClaran, P o. address,
Pleasanton, Iowa.
kalph Judd, P. o. address, Pleas
anton, Iowa.
c. H. Smith, P. O. address, Pleas
anton, Iowa.
c. NJ. Coulter, p O. address, Pleas
anton, Iowa.
ARTICLE VIII.
Annual Meeting of Board of Direc-
tors.
The annual meeting of the board Of
directors shall be held on the third
Monday of January, 1916, and i'm
following the adjournment
of the animal meeting of stockhold-
ers, at which time it shall elect
president, vice president and cashier,
and may elect or employ such other
officers, clerks or employees as shall
be deemed necessary for the transac-