The Leon reporter. (Leon, Iowa) 1887-1930, 1915-11-04
ARTICLE TX.
Execution and Acknowledgment of
Written Instruments

I Execution and Acknowledgment o.
i Written Instruments.
Section 1. All deeds, mortgage:
/ 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 OF
vice president, and attested by the
cashier, with the corporate sea-
| thereto affixed.
Section Q. 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 8. 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.
r1,
tract or incur any debt or liability,
except for deposits, and the neces-
sary expenses of managing and
transacting it's business, and obliga-
lions incurred for the purpose Of OBJ
tanning money with which to pay de-
pOsits.
ARTICLE XII.
Exemption of Private Property.
The private property of the stock
holders shall be exempt from cor
porate liability, except to the extent
and in the manner provided by the
constitution and laws of the state.
ARTICLE XIII.
Bylaws.
The board of directors may, by
two-thirds vote, make and adopt by
laws which are not in conflict with
the laws of the state or these articles
of Incorporation, for the manage
ment of the property of the corpora
ton, the transaction of it's business,
and the regulation of it's affairs; and
may by like vote alter or change
such bylaws.
ARTICLE XIV.
Amendment of Articles of Incorpor-
alton.
These articles of incorporation
may be amended at am regular
meeung of the stockholders, or at a
special meeting called for that pur-
pose, by a 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 ar
ticles of incorporation, by an affirm
alive vote of it's stockholders hold
ing three-fourths of it's capital stock,
at a meeting of the stockholders
called for that purpose in the man
ner required by law and these ar
ticIes of interpretations; and in case
of such dissolution its affairs shall
be wound up in the manner provided
by statute.
Dated this 23rd day of October,
1915.
Charles Woods,
A. B. McClaran,
C. H. Smith,
Ralph Judd,
c. M. Coulter.
STATE OF IOWA,
Decatur County, IS.
On this 23rd day of October, A.
D. 1915, before me personally ap-
peared Charles Woods, A. B. McClar-
an, Ralph Judd, C. H. Smith, G. M.
Coulter, to me known to be the per-
sons named in and who executed the
foregoing articles of incorporation
of the Pleasanton Savings Bank, of
Pleasanton, Iowa, and acknowledg-
ed that they executed the same at
their voluntary act and deed.
11-4t Guy Edwin Davis,
(SeaD Notary PUBIC.
In and for Decatur county, Iowa.