Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1916-10-20
Articles OF incarceration.

nave iSSOcldttO OURSELVES together saS q pooy
corporate under the provisions OF Chapter
One ~ of Title Nine QX) of the Code OF
Iowa, and the Supplement OF 1918, and the
Supplemental Supplement hereof Of 1915
and all Acts, Amendments and Additions
Articles of Incorporation
ARTICLE /.
The name of this Corporation shall be
'THE, FARMERS EQUITY ASSOCIATION
ARTICLE II.
The principal place OF business OF this Cor
poration shall be at the City OF Cresco,
County OF Howard, State OF Iowa.
ARTICLE III.
The general nature of the business which
this Corporation may transact shall be (a)
the buying, selling, receiving, holding, ship
ping, forwarding. and handling ofltye-stock,
poultry, fuel, feed, and feed-stuffs, agricul-
tural and dairy products OF all kinds lum-
Der, implements, machinery, of all kinds
hardware, and farm, dairy, creamery and
agricultural supplies and accessories gener-
ally; (b) the buying, selling, receiving, stor-
ing, shipping, receiving, handling and sell
ing on commission or otherwise of all forms
and kinds OF food-stuffs, meats, groceries,
fruits, vegetables, oils, grains, and any and
all manufactured products thereof which
this corporation may lawfully handle as
herein contemplated; (c) the conducting OF
any agricultural, mining, mercantile, dairy,
manufacturing or mechanical business; (d)
the buying, owning, leasing using, holding,
REMEMBERING, selling and conveying by the
necessary instruments in writing of real
estate to such extent and in such quantities
as may be deemed necessary or advantage
GUS for the furtherance of the general pur-
poses Of this Corporation; (e) the owning,
erecting, leasing, buying, incumbering, sell
ing, and conveying by proper instruments
of conveyance, OF warehouses, sheds, stores,
! storerooIns, cold-storage plants offices, fac
| tories, stock.y ards, elevators, water supply
system, and any and all buildings access
cries and equipment of every KIND and
nature deemed necessary or convenient In
the conducting of the business and pro-
motion Of the welfare of this Corporation; w
the making, manufacturing, jobblng stof-
ing, shipping, buying, selling, receiving
handling and selling on commission, can
| ming, picking and preserving, OF any ana
all articles produced, manufactured, used
kept for SALE bought, sold, handled on COM
| mission or otherwise by farmers, merchants
manufacturers, JODDcTs, July HULL SoAAA-
mission men, fuel dealers, lumber dealers,
and merchants of every kind and descrlp-
ton lawfully authorized to conduct business
| in the State Of Iowa: (g) the purchasing
owning, erecting, leasing, equipping, oper-
| ating, incu mbering, selling, and conveying
of mills, factories, manufacturing plants,
| canning, presery ing, picking, packing, and
Strengthening establishments and all appur-
tenances and accessories thereof, and the
purchasing, Installing, leasing. incumber-
ing, selling land conveying of any and all
| machinery and equipment, us full con-
venient, or necessary In the establishing,
operating, and conducting of any or all
| forms OF business herein authorized, or any
other business Incidental thereto.
ARTICLE w.
| The Cor poHation shall have all powers
necessary for, or Incidental to, the conven'
lent transaction OF any and All forn ms Of bust
ness for which it is organized, and further
among its powers shall be the following
l. To have perpetual succession unless
otherwise limited by law - -
2 To sue and be sued by its corporate
name;
3. Toh have commonllseal which 1t may
alter when deemed advisable by the board
of directors;
| 4. Torender the interest ofstockholders
transferable, but only in accordance with
the bylaws Of this Corporations;
5. Toexempt the private property Gifts
stockholders from liability for debts of the
Corporation;
| 6. To make contracts, acquire lncumber.
sell and :transfer both real and personal
| property suitable and adequate for It's pur-
poses the same as a natural person might
do, subject to any restrictions in these
| articles provided;
Z. To make and adopt bylaws, and to
alter, and lamend same, and to make all
| rules land regulations necessary or con-
venient for the conducting and manage
ment ofthe business the Corpora alton.
| ARTICLE V.
The orporation shall have the power to
borrow: money and to issue Its negotiable
notes, bonds, or other evidences ofindebted-
ness to securelthe payment OF the same, or
to evidence same; to mortgage or pledge its
real estate, personal property, and securities
whether of its own issue or that Of other cor
| porations associations or individuals, owned
4 by thisEcorporation, but no money may be
borrowed, nor evidences of Indebtedness is
sued, nor Instruments incumbering the
property of the corporation executed except
pursuantlto resolutions authorizing such ac-
ton passed. by the board of directors and
entered at length upon the record books OF
the corporation, and no such resolution
shall be considered adopted or passed until
the said resolution shall have received the
affirmative vote of majority OF the entire
board Of directors. All evidences Of indebt-
edness, and all instruments ofincumbrance
of property OF the corporation. In order to
become the binding obligation Of this cor
poration, shall have been issued In strict
plianceSwith the provisi ms herein, and
shall have been signed by the president and
countersigned by the secretary Tor duly ap-
pointed secretary pro tempore In case OF the
absence or Inability of the secretaryeto act)
of thislcor poration. The corpora alton shall
have power to fix, declare and pay divi-
| douds asa proytded nv the bylaws of this