Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-19
shall be fully paid before the corpora
ton begins the transaction of Its busi-
ARTICLE w.
Duration.

ARTICLE w.
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 a certificate of the auditor OF
state shall have been issued authoriZ-
ing 1t to do so. Its corporate exis-
tence may be terminated at any time
by a 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.
ARTICLE V.
Board Of Directors and Officers.
Section 1. The affairs Of this corpor-
alton shall be conducted and managed
by a 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
year. and until their successors are
elected and qualified and have accepted
| office.
/ Sec 2. Any vacancy In the board of
I
ing members of the board. and the per-
sons so appointed shall hold office until
the next annual meeting Of the stock
holders
Sec. 8. The board Of directors shall
elect a president and vice president
from it's members, and shall also elect
a 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. 1t
may also elect and employ such other
officers and clerks as may be necessary
to the transaction of its business, ana
shall fix the compensation Of all off,
GERS and employees.
ARTICLE VI.
Annual and Special Meetings OF the
Stockholders.
Section l. 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 year
I1916, at which time the stockholders
shall elect a board OF directors and
transact such other business as may
lawfully come before them.
Sec 2. Special meetings of the
stockholders may be called by the pres
ident, vice president. or by a majority
Of the members OF the board of direc-
tors or by the holder or holders of a
majority of the stock Of the corpora.
ton Ten G0) days notice of the time
and place of such meeting shall be
given by the cashier. or the person or
persons calling such special meeting,
| by mailing a notice In writing to each
| stakeholder. directed to his address as
| 80
ton, which notice shall state the OBJ
| iect 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
corporation shall be represented, and
no objection shall be made by any
stakeholder to the transaction Of bust
ness other than that named in tho ro-
| tice.
Sec. 8. The voting at all stockhold-
ers' meetings 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 named per-
sons shall be the directors of the cor
poration:
]. l.. Williams. postoffice address
Marshalltown, Iowa,
| H. NJ. vawter. postoffice address
Knoxville, Iowa.
]. Brennecke. postotrice address
Marshalltown. Iowa
j. o. Bissett postoffice address, La
noble. Iowa.
L. r. willard. postoffice address
Marshalltown. Iowa.
c. w. warcup. postoffice address
liMarshalltown. Iowa.
w. w. Doolittle. postoffice address
Marshalltown, Iowa.
p. s. Ketchum. postoffice address
Marshalltown. Iowa.
A. HigSin, postoffice address, Mar
shalltown, Iowa,
ARTICLE VIII.
I Annual Meeting of Board of Directors
The annual meeting Of the board o
directors shall be held on the frs
Tuesday after the first Monday o
June. 1916, and Immediately following