Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1916-08-30
NOTICE OF INCORPORATION.

Notice is hereby given that the un-
dersigned has organized a corpor-
ation under the laws of the State
OF Iowa.
BY the TERMS of the Articles of in
corporation. the corporation is known
as ''Woldum Produce Co.; its prin-
cipal place OF business is the City of
DEBORAH, Winneshiek County, Iowa
the general nature OF the business to
be transacted by said corporation is
the carrying on of general pro-
duce business, including the pro-
ducing, manufacturing, purchasing,
selling and storing of poultry of all
kinds, eggs, butter and other gener-
al produce, and includes the power
to enter into contracts for the pro-
ducing, manufacturing, purchasing,
selling or storing OF such produce,
and also includes the buying, owning
and selling real estate and person
al property and to SELL assign and
transfer any or all its property and
to do such other things and in such
manner as the Board of Directors
may from time 10 time authorize and
designate; the amount of capital
stock authorized is ten thousand
$50, 090.00) Dollars to be divided
into shares of One hundred 100000
Dollars each, to be paid for in cash
or in property at its par value when
approved by the Executive Council
and shall thereafter be non-assessa-
BILE; the corporation shall commence
business as soon as the capital stock
as therein provided, is subscribed
and paid for and the Secretary OF
State has issued it a certificate of
authority for that purpose and the
corporate life of said corporation
shall terminate at the expiration OF
twenty 600 years from that time
unless sooner dissolved; the affairs
of the corporation shall be managed
by Board of Directors consisting of
not more than five members, who
shall elect a President, Secretary
and Treasurer from their number
and said directors shall he elected
ANNUALLY at the annual meeting OF
the stockholders which annual meet
ing of the stockholders shall be held
on the first Tuesday in January of
each year; the first annual meeting
of the stockholders shall be held on
Int III IL
and annually thereafter and until
the first election in January 1915 or
until his successors have been elect
ed and qualified, Halvor H. Woldum,
address DEBORAH, Iowa, shall be and
constitute the Board of Directors
and until his successors arc elected
and qualified the said Halvor II.
Woldum shall be and constitute the
President, Secretary and Treasurer
of said corporation; it shall require
two thirds majority vote of all the
stock issued and outstanding to elect
the directors of said corporation and
at all meetings of the stockholders
each stakeholder, shall be entitled to
one vote for each share of stock
owned by him, which vote shall be
by ballot and which vote he may cast
in person or by proxy; no person
shall be director or officer of said
corporation unless he is a stockhold-
er thereof; the board of directors
may by election fill all vacancies ocr
curing in its membership suntif the
next annual meeting of thell stock
holders; the board of directors may
make by laws governing the gener-
dl cOuQuct Oh the business Oh cOr-l
poration, which bylaws shall beg
adopted by at least two thirds vote
of said board, and they may amend
such bylaws from time to time by
.wo thirds vote of such board at any
meeting thereof; amendments to
said Articles of Incorporation
may be made at any annual
meeting of the stockholders or
at any special meeting called
for that purpose but it shall
require a three fourths vote of the
stock issued and outstanding TO au-
thorize an amendment; the stock of
said corporation shall be fully paid
and non-assessable; the said corpor-
alton shall not subject itself to an
indebtedness in excess of two thirds
CT its capital stock issued and out
standing; and the private property
OF the stockholders shall De exempt
from all corporate debts.
Dated this 2Sth day of August
1916.
HALVOR H. WOLDUM.
WILLETT & NELSON, Attys. 35-4