Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-12

stockhoid srs. the folIowihs n 80 -
sons shall b the directors Of ~ cogsS
poration: q
). L Williams. postoffics address
Marshalltown. Iowa
n. M. vawter. posto6ice addrssA
Knoxville, iowa. M
J. Brennecke. postofkico address.
Marshalltown. lows.
J. o. Bissett, postoffics address. La
noble. Iowa. S
L. r. willard. postoffics address,
Marshalltown. Iowa. S
G. w. Warcup. postonIics addrssa
MarshalltoWn. Iowa. e ssSs
w. w. Doolittls. postoftics address,
Marshalltown, Iowa. $3.50
Il 8. Ketchum. postoffice address.
Marshalltown, lows. Is
A. Higgin. postofics address. Aar-l
shalltown,. Iowa.
ARTEc1D VEL.
Annual Meeting Of Board Of Directors.
Tho annual meeting Of the board Of
directors shall be held on the first
Tuesday after the hrst Monday 6f
June. 1s1s, and Immediately following
the adjournment OF the annual meet
ing Of the stockholders. at which time
It shall elect q president, vice presi-
don't and cashier, and may elect or oki-
ploy such other officers, clerks or enc
.ployes az shall be deemed necessary kcs
the transaction OF tho business " the.
corporation. Until the frst annual
meeting Of the board Of directors. the
following named persons shall 81 the
officers of the corporation:
President, !. L. Wiliiams. postonics
address. Marshalltown. lows. 4
Vice president, w. w. Donlittle, post
Office address. Marshalltown, Iowa.
Cashier. II. M. Vawter. postoffice adj
dress. Knoxville, Iowa.
ARTICLE TX.
Execution and Acknowledgement OF
Written Instruments.
Section i. All deeds. mortgages and
instruments in writing affecting real
estate which shall DO made by tho 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 tho corporation
shall be executed by such officers or
agents as the bylaws may designate.
ARTICLE x.
Certificates Of Stock. 49,
Section 1. Tho shares Of stock Of
the corporation shall be issued only
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. Q. The certificates Of stock is-
sued to tho shareholders shall be signed
by the president or vice president, and
attested by the cashier, and have. the
corporate seal affixed thereto.
ARTICLE xI.
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 per-
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 ard in
the manner provided by the constltu.
tion and laws OF tho state.
ARTICLE XIII. i!
Bylaws.
Tho board of directors may. bi
two-thlrds vote, make and adopt =,
laws which are not in conflict
the laws of the state or these art
of Incorporation. for the manageT =,
of the property OF the corporationl
transaction Of its business. and
regulat ton Of its affairs; and may Z,
like vote alter or change such
laws.
ARTICLE XIV. Z,
Amendment OF Articles Of Incorp4
ton.
These articles Of Incorporation
be amended at any regular meeting
tho stockholders, or at a special md
ing called for that purpose, by II
thirds vote Of the capital stock Of S
corporation.
ARTICLE XIV.
Dissolution.
This corporation may be dissolved pN
to the time fixed in its articles Of -
corporation, by an affirmative vote
its stockholders holding three-fQurf
Of It's capital stock. at meeting
the stockholders called for that purpl
in the manner required By law a.
these articles OF interpretations: ana
case Of such dissolution its affairS a
be wound up In the manner 2rovt
by statute.
Dated this 9Th day Of July. 1919.
J. L. WILLIAMS.
H. M. vAWTHR
W. w. DOOIlTTE.
CT1AS. W. WARCUP.
g. II. RUTH. n.
State Of Iowa, Marshall county
On this 9th day OF July A. D. 1e1N