Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-04-26
NOTICE OF INCORPORATION.

Notice is hereby given that the I'M
dersigned have become incorporated
under Chapter of Title of the Code
of Iowa and laws amendatory thereto
and has adopted Articles Of Incorpor-
alton which provide as follows:
First. The name of the corporation
is the Clemens Mutual Telephone Com
pany and its principal place of business
is at Clemens, Iowa.
Second. The general nature of the
business to be conducted is to construct,
purchase sell. lease, own and operate
and maintain telephones, erect lines,
equipments and apparatus in connec-
ton Herewith in the State of Iowa. to
purchase, convey and cucumber both
real and personal property in connec-
ton with the corporate business; to
buy. sell and deal in telephones. sup
plies, devises and contrivances, to pur-
chase, own and sell stock in other cor
porations or associations engaged in
like business; and to transact such 9TH
er business as Is usual of such corpor-
atoms OF like character or which from
time to time may be decided upon by
the shareholders, the main business Of
the corporation, however. Is to trans
NIT telephone messages to, from and
with its stockholders or with such
other exchanges and connections as
may be made.
Third. The object Of the corporation
and for which it Is organized Is for the
purpose OF taking over the property Of
the East Liberty Mutual Telephone
Company, an unincorporated associa-
ton engaged In the business of con-
Quoting and operatingg mutual tele-
phone exchange and transmitting tele-
phone messages from. to and between
the members of such association.
Fourth. The amount of capital stock
authorized Is $4,000 divided into four
hundred shares Of $4,000 each. No
shareholder can own more than two
shares of stock at any one time. No
stock is to be issued until the corpora
ton has received full payment there
for except in the manner provided by
the laws of Iowa. 1t is understood
that in taking over the property and
business Of the East Liberty Mutual
Telephone Company, an unincorporated
association, there shall be issued to
each member of said association in
good standing one share of stock in
this corporation for each share held
by such member Of said association
which shall be considered and treated
by this association as fully paid, sub
ject however. to the approval of the
executive council Of Iowa as provided
by law.
Fifth. This corporation Is to COM
mence business upon the receipt of a
certificate from the secretary of state
authorizing 1t to and is to continue for
twenty years unless sooner dissolved.
Sixth. The affairs of this corporation
RI "a conducteH nv hoard Of iii :
rectors consisting Of a president. vice
president secretary and treasurer and
four directors, and such other officers,
including an executive committee as
they may see fit or as may be provided
by the bylaws. The president, vice
president, secretary and treasurer shall
be elected annually and the directors
shall hold Office for one, two. three and
four year terms in order Of their orig
inaI election and shall hold Office Until
his successor is elected and qualified
as aforesaid and each successor of the
president, vice president, secretary and
treasurer shall be elected for term OF
one year and each successor of the di-
rector for a term of four years. The
annual meeting to be held on the first
Tuesday after the first Monday in each
year and every director or officer shall
be a stakeholder, until the named cleo
ton Is above provided the following
shall be the officers and directors Of the
association: President, w. E. Ross
vice president. John Atkinson: secre-
tary, L. IT. Armbrecht; treasurer, r
3. Pollock; H. F. Smith, w. H. Bryant
S. K. Eley and H. F. Butts directors.
Seventh. The highest amount OF in.
debtedness to which this corporation is
to subject itself is not to exceed two.
thirds of it's paid UP and outstanding
capital stock. III
Eighth. The private property of the
stockholders is to be exempt from cor.
porate liabilities except to the extent
and the manner provided by laws Of
the State of Iowa and said provision
cannot be amended. IT.
Dated at Clemens, Iowa, this 1871
y day of April. 1916. b. -
.s, cLEMONS MUTUAL TELEPHONE
COMPANY.
W. e. Ross,
john Atkinson,