The Leon reporter. (Leon, Iowa) 1887-1930, 1915-11-11

also eject anu cluplOy suCA OCACA VI
ficers and clerks as may be necessary
to the transaction of it's 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 majority Of the stock of the
corporation. Ten (10) 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
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
ton shall be represented and no OBJ
lection shall be made by any stock
holder to the transaction of business
other than that named in the notice.
Section 3. 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.
halph Judd, P. O. address, Pleas
anton, Iowa.
c. H. Smith, P. o. address, Pleas
anton, Iowa.
c. M. 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
mediately following the adjournment
of the animal meeting of stockhold-
ers, at which time it shall elect a
president, vice president and cashier,
and may elect or employ such other
officers, clerks or employees as shall
be deemed necessary for the transac-
ton of the business of the corpora
ton. Until the first annual meeting
of the board of directors, the follow
ing named persons shall be the Of
ficers of the corporations:
President, c. M. Coulter, P. o. ad-
ress, Pleasanton, Iowa.
Vice President, Chas. Woods, p.
o. address, Saline, Mo.
Cashier, Burt Chew, P. 0. address,
Pleasanton, Iowa.
ARTICLE TX.
Execution and Acknowledgment of
Written Instruments.
Section 1. All deeds, mortgages
and instruments in writing affecting
real estate which shall be made by
the corporation, shall be executed
and acknowledged in the name Of
the corporation by the president or
vice president, and attested by the
cashier, with the corporate seal
thereto affixed.
Section 2. Releases of mortgages
and other liens held by the corpora
ton, and satisfaction thereof, may
be made, executed and acknowledge
ed by the president, vice president or
cashier of the bank.
Section 3. All other written in
struments 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 1. The shares of stock OF
the corporation shall be issued only
upon full payment of the sums rep
resented by them, and shall be trans
ferable only by assignment upon the
books of the corporation.
Section 2. The certificates OF
stock issued 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 XII.
Indebtedness.
This corporation shall not con-
tract or incur any debt or liability,