Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-26


Tuesday after the first Monday Of
June. 1916. and Immediately following
the adjournment of the annual meet
ing OF the stockholders. at which Tina
1t shall elect president. vice presi.
dent and cashier and may elect or EN-.
ploy such other officers. clerks or em-
ployes as shall be deemed necessary for
the transaction OF the business OF the
corporation. Until the first annual
meeting of the board OF directors. the
following named persons shall DO the
officers OF the corporation:
President. J. L. Williams. postoffics
address. Marshalltown Iowa.
Vice president. w. w. Doolittle. post
office address. Marshalltown. Iowa
Cashier. II. NJ vawter. postoffice adj
dress. Knoxville. Iowa
ARTICLE TX.
Execution and Acknowledgement OF
Written INSTRUMENTS.
Section /, All deeds. mortgages ana
instruments in writing affecting real
estate which shall be made by the COR
poration, shall b executed and
acknowledged In tho name OF the COR
poration by the president or vico presi.
dent and attested BY the cashier. with
the corporate seat thereto AFFIXED.
Sec. 2. Releases OF mortgages and
other llens held by tho corporation,
and satisfaction thereof. may b mades
executed and acknowledged by the
president, vice president or cashier Of
the bank.
Sec. 3. All other written instruments
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 l. The shares OF stock OF
the corporation shall be issued only
upon fun payment OF the sums repre-
scented by them. and shall be trans
ferable only by assignment upon the
books OF the corporation.
Sec 2. The certificates Of stock is
sued 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 NJ.
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 pur-
pose of obtaining money with which to
pay deposits.
ARTICLE MI.
Exemption OF Private Property.
The private property of the stock
holders shall be exempt from corporate
liability. except to the extent and In
the manner provided by the constitu-
ton and laws of the state.
ARTICLE XIII.
Bylaws.
Tho 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 management
OF the property Of the corporation. tho
transaction of it's business, and tho
regulation of its affairs: and may by n
like vote alter or change such by.
laws.
ARTICLE XIV.
Amendment OF Articles Of Incorpora.
ton.
These articles of Incorporation may
be amended at any regular meeting Of
the stockholders. or at a special meet
ing called for that purpose. by a two
thirds vote OF the capital stock Of tho
corporation.
ARTICLE XIV.
Dissolution.
This corporation may be dissolved prior
to the time fixed In It's articles Of In.
corporation. by an affirmative vote Of
It's stockholders holding three fourths
, Of it's capital stock, at meeting Of
the stockholders called for that purpose
in the manner required by law and
these articles OF Incorporation: and IN
case OF such dissolution its affairs shall
be wound up In the manner provided
by statute
Dated this 9th day OF July. 1915.
J. L. WILLIAMS.
H. NJ. VAWTER
W. w, DOOLTTT1E,
CFfAS. W. wARCUP.
G. II. RUTH.
State OF Iowa, Marshall county-ss.
On this 9Th day Of July. A. D., 1916,
before me personally appeared J. Z.
williams. H. M. vawter. G. II. Ruth,
W. w Doolittle, Chas. w. Warcup, to
me known to bc the persons named in
and who executed the foregoing articles
OF Incorporation Of the Security Saw
ings Bank. of .farshalltown. Town. and
acknowledged that they executed the
same as their voluntary act and deed.
JAMES w. BALLARD.
Notary Public
] In and for Marshall county. loves