Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1916-10-27

among their number president OF the cor
poratlon, q ice-president, q secretary and
treasurer, but the secretary and the treas
urer may DO one person and the duties OF
these offices performed by the one person,
II the board OF directors deem it to be the
best interests OF the corporation to so order
and provide. The powers and duties OF the
officers shall be as defined and specified in
these articles and in the bylaws OF this cor
poration and by the statues of che state.
ARTICLE X.
No stock holder in this corporation shall be
permitted ito own at one time more than
fifty shares ofits stock, and all applications
for stock shall be subject to the approval or
rejection OF the board Of directors; and no
stockhoIder In this corporation shall be en-
titled to more than one vote; 1t being the
intent of this provision to give equal voting
power to all stockholders irrespective Of the
number OF shares held by them.
No voting by proxy shall be allowed upon
any proposition resolution or motion, nor In
the election or removal Of officers, nor upon
any measure concerning the business or az
fairs of the corporation. No person shall be
permitted to vote upon any motion, resolu-
ton or proposition concerning the affairs of
the corpor ation nor to vote at an election of
ofhcers or to remove an officer or director,
except such person is stakeholder In the
corporation, Of record on the books Of the
secretary.
ARTICLE NJ.
The annual meeting of the stockholders of
the corporation shall be held at Cresco,
Iowa, on the Second Saturday of February
of each year, beginning In the year 1917.
Notice ofsuch meeting shall be given by the
secretary mailing to each stockholder Of
record on the books of the corporation to his
last know n address at least ten days before
the date OF said annual meeting, written
or printed notice giving the date, the hour
and the place of meeting, designating the
building In which to be held, and the general
pose Of the meeting.
Any stakeholder Of record on the books OF
the corporation may cast his vote by mail
upon any matter coming before q meeting OF
the stock holders, provided he has been noti-
fed in writing by the secretary of the exact
motion, resolution, or proposition, or other
matter coming before the meeting, and pro-
viding also that the vote he So casts has
attached thereto copy ofthe notice SO sent
him by the secretary, together with copy
Of the motion, resolution, or proposition on
which said vote Is cast.
Special meetings Of the stockholders may
be called at any time when deemed ex pedi-
ent, by the board OF directors, and such
meetings shall be called by the secretary
giving notice as herein provided whenever
application for . special meeting has been
made to the secretary in writing stating the
specific purposes for which such meeting Is
asked and signed by not less than ten per
cent. OF the stockholders, and At such special
meetings no business other than that for
which such meeting has been called shall be
transacted.
ARTICLE XII.
These articles may be altered or amended
except article seven hereof, At any annual or
special meeting called for that pur pose, .
notice Of such meeting having been mailed
to each stockholder ut least five days prior to
such meeting, by . quorum consisting ofO
per cent. Of the stockholders OF record, and
the proposed amendment shall have ut least
Is per cent. OF the stockholders present and
voting In favor thereofin order to amend.
ARTICLE XIII.
This corporation shall commence business
on July 10th, 1916, and shall continue for
period OF twenty years thereafter, with the
privilege ofrenewal - provided by law, UNI
less 1t shall b sooner dissolved by two
thirds vote Of all the stockholders at meet
Ing called sx pressly to vote upon the ques-
ton OF dissolution.
ARTICLE XIV.
The Officers OF this corporation shall con-
sist OF . board of not less than nine directors
chosen from among the stock holders OF this
ration and the following named ONO
ers shall be the officers Of this corporation
until the animal meeting to be heldlthe SEC
ondtSaturday in February, 1911, viz:
W. L.eCurtis, President
WA. Clink, Vice-President,
Emmett Carroll, Secretary and Treas.
E. H. Kruger,
A. p. Pecinovsky,
r. H. BufL
L. J. DeWAlle,