Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1916-02-23

De elecCeQ from tl9 STOCKHOLDERS
at the annual meeting of the cor
poration, and shall hold office for
the term Of one year, and until
their successors are elected and
qualified and have accepted office.
Dated this 25th day of January,
1916.
w. H. NORRIS,
Pres. Security State Bank Of
Manchester, Iowa.
F. B. WILSON,
Cashier Security State Bank Of
NOTICE OF INCORPORATION.
To whom it may concern:
Notice is hereby given that the I'M
dersigned have associated themselves
together under and by virture Of
Chapter one, Title Nine, of the Code
of Iowa, and the laws amendatory
thereto, as a corporation, and have
adopted articles of incorporation
which provide as follows. to-wit:
l. The name Of such corporation
lis THE MANCHESTER STREET
SWEEPER COMPANY, and it's prin-
cipal place of transacting business
is Manchester, Iowa.
2. The general nature Of the bust
ness to be transacted by this cor
lporation shall be that of a general
manufacturing and repair business,
Including the manufacture and re-
pair Of machines, implements, tools
and other articles useful and orna-
mental; to buy, lease and sell ma
chinery, either at wholesale CT re-
tail, to apply for, acquire, buy, sell,
assign, lease, pledge, mortgage Or
otherwise dispose of letters patent of
the United States, or Of any for
eign country, and all or any rights,
territorial or otherwise Hereunder,
and pending applications therefor, re-
lating to or useful in connection with
any business Of the corporation; to
use, manufacture, or grant licenses
under any letters patent owned or
controlled by the corporation, and to
expend money in experimenting up
on and testing the validity or value
may acquire, or propose to acquire.
The corporation shall also have pow
err to conduct it's business in all it's
branches, and without limit, to hold,
purchase, mortgage, and convey real
and personal property, in any state,
territory or colony Of the United
States and in any foreign country
or place. The corporation shall al
so have power to issue notes, bonds,
or other evidences of Indebtedness,
to pledge or mortgage its corporate
franchises, it's real and personal prop
erty, and other securities owned by
it, for the payment Of the same, and
to sell, exchange or dispose Of any
property, real or personal, acquired
or owned by said corporation, and
to perform all business of every ma
ture, necessary or incidental to- the
transaction of any and all of such
business.
| g. The authorized capital stock of
this corporation shall be One hun
dred fifty thousand dollars, divided
into fifteen hundred shares, each of
the par value of One hundred dollars,
which shall be fully paid up in cash,
property, patents, services or other
equivalent approved and allowed by
the Executive Council of the State,
and be worcestershire. The amount
of capital stock with which it will
commence business is Eighty thous-
and dollars, and the remainder of it's
stock will be issued and paid in from
time to time as it's board of direc-
tors may direct.
4. This corporation shall commenc
business on the 9th day Of Decem-
Der, 1915, and shall continue for the
period of twenty years thereafter,
with the right of renewal, unless dis
solved by a vote of not less than
two-thirds of the stock then out
standing.
5. The affairs of this corporation
shall be conducted by board of di
rectors, to be composed of seven
stockh olders to be elected annually
by the stockholders at their regular
annual meeting, or at a special meet
ing called for that purpose; and the
board of directors may, at any time,
select from their own number an ex-
ecutive board or committee consist
ing of not less than three nor more
than five members, which board shall
have full charge of the corporation,
subject to the approval of the full
board. 1t may also select such 9th
er officers, agents and employees as
the convenient tran saction of it's
business may require The officers
of this corporation shall be a presi-
dent, vice-president, secretary, treas
urer and general manager, who shall
be elected by the board of directors
from their number at the annual meet
ing of the board Of directors to be
held in the year 1915, and each an
nual meeting thereafter. The annual
meeting of the stockholders shall be
held on the third Tuesday in Janu-
airy of each year, commencing with
the year 1916, and the annual meet
ing of the board of directors shall
be held Immediately after the annu-
al meeting of the stock holders. TIL
voting of stockholders at all stock