Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1916-11-03


cessors of those memb ers OF the board whose
terms OK pire In that calendar year shall b
chosen for q term Of three years, but lin al
cares directors shall serve until their sue
cessors have been elected and have qualified
~ required by law, or by the bylaws Of this
Corporations; but . director may be remov ed
from Office for cause by q majority vote o.
ALI the stockholders, at any legally called
meeting thereof and the stockholders may
atsuch meeting, choose successor for any
member OF the board SO removed, and the
director SO chosen shall serve out the..unex
pired term OF the one whose place he has
been chosen to fill. Any director removed
from Office as herein provided shall cease te
be director or officer of the Cor poratior
forthwith The board OF directors shall have
general mana cement and over sight of the
business Of the corporation, and may choose
. manager or managers for the better con
Quoting ofth business of the lcorporation,
and may also choose such assistants rs !may
be deemed necessary to assist the manager
or managers chosen, and they may deter
mine the compensation of all officers and
employees; they may also dismiss any and
AL employees OF the corporation whenever
they deem 1t to be for the best Interests OF
the corporation. They shall choose from
among their number president Of the cor
poration, . vice president, . secretary and a
treasurer, but the secretary and the treas
urer may be one person and the duties OF
these offices performed by the one person,
II. the board of directors deem 1t to be the
best interests OF the corporation to SO order
and provide. The powers and duties Of the
oflicers shall be as defined and specified In
these articles and In the bylaws of this cor
poration and by the statues OF the state.
ARTICLE X.
No stockholder in this corporation shall be
permitted ito own at one time more than
fifty shares Gifts stock, and all applications
for stock shall be subject to the approval or
rejection OF the board Of directors; and no
stockholder 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 ofthe
number ofshares 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 A.
fairs OF the cor poratIon. No person shall be
permitted to vote upon any motion, resolu.
the cor por Atlon nor to vote at an election OF
officers or to remove an officer or director,
ex cept such person is stockholder in the
OF record on the books OF the
ARTICLE Nj.
the corporation shall be held at Cresco,
Ho.- 49, Cat 0f ES4v~
OF each year. beginning in the year 1917.
Notice of such meeting shall be given by the
secretary mailing to each stockholder OF
record on the books of the corporation to his
last known address at least ten days before
the date Of said annual meeting, q 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
purpose Of the meeting.
Any. stock holder OF record on the books Of
the corporation may cast his vote by mail
upon any matter coming before meeting OF
the stock holders, provided he has been nott.
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 a copy of the notice SO sent
him by the secretary, together with a 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 pedt.
ent, by the board of directors, and such
shall be called by the secretary
giving notice as herein provided whenever
a pplication for q 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 stock holders, and at such special
meetings no business other than that for
which such meeting has been called shall be
ARTICLE MI.
These articles may be altered or amended
except article seven hereof, at any annual or
special meeting called for that pur pose q
notice Of such meeting having been mailed
to each stakeholder at least five days prior to
such meeting, by q quorum consisting of2O
per cent. of the stockholders Of record, and
the proposed amendment shall have at least
20 per cent. of the STOCKHOLDERS present and
V citing In favor thereof in order 10 amend.
ARTICLE XIII.
This corporation shall commence business
on July 10th, 1916, and shall continue for n
period of twenty years thereafter, with the
privilege ofrenewal as provided by law, un-
less 1t shall be sooner dissolved by two
thirds vote of all the stockholders at meet
ing called ex pressly tovote upon the ques-
tion of dissolution.
ARTICLE XIV
The officers ofthis corporation shall con-
sist of board of not less than nine directors
chosen from among the stock of this
cor poration and the following named offic.
ers shall be the officers of this corporation
until the ANIMAL meeting to be held the Sec
ondsSaturday in February, 1917, viz:
w. L.,Curtis, President.
Wa. Clink, VicePresident,
]. Emmett Carroll, Secretary and Treas.
III. Kruger,
A. p. Pecinovsky,
h. H. Burr,
L. i. DAWalle.