Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1917-11-22

| uuoiHcSo VI Tue COTpOTdtlOu. Ouli
the first annual meeting of tn,
board of directors, the following
named persons shall be the officer.
| OF the corporation:
President, F. C. Miller, Audubon
Iowa.
Vice-President, Joe H. Ross. Au
dubon Iowa.
Cashier. c. P. Christensen. Audi
bon, Iowa.
ARTICLE TX.
Execution And Acknowledgement
of Written Instruments.
Section /. All deeds, mortgages
and instruments in writing affect
ing real estate which shall be made
by the corporation. shall be execut-
ed and acknowledged in the name
Of the corporation by the presidY
or vice-president, and httested p
the cashier, with the corporate
thereto affixed.
Section 2. Releases of mort
cages and other liens held by the
corporation, and satisfaction thereof
may be made, executed and acknow-
lodged by the president, vice-presi-
dent or cashier of the bank.
Section 3. All other written IN
struments which may be made by the
corporation shall be executed by
such officers or agents as the by
laws may designate.
ARTICLE X.
Certificates of Stock
Section 1. The shares of stock
Of the corporation shall be issued
only upon full payment of the sums
represented by them, and shall be
transferable only by assignment up
on the books of the corporation.
Section 2. The certificate OF
stock issued to the shareholders
shall be signed by the president or
vice-president, and attested by the
cashier, and have the corporate seal
affixed thereto.
ARTICLE XII.
Indebtedness
This corporation shall not contract
or incur any debt, or liability, except
for deposits. and the necessary ex-
penses Of managing and transacting
its business, and obligations incurred
for the purpose Of obtaining money
with which to pay deposits.
ARTICLE XII.
Exemption Of Private Property
The private property Of the stock
holders shall be exempt from corpor-
ate liability, except to the extent and
in the manner provided by the con-
stitution and laws of the State.
ARTICLE XIII.
Bylaws
The board of directors may, by a
two-thirds vote, make and adopt by
laws which are not in conflict with
the laws of the State or these articles
Of Incorporation, for the manage
ment Of the property of the corpora
ton, the transaction of its business,
and the regulation of its affairs; and
may BY IN 'ote alter or change
such bylaws.
ART, e XIV.
Amendment Of A les of Incorpora-
TIM.
These articles Of incorporation
may be amended at any regular
meeting Of the stockholders, or at a
special meeting called for that pur-
pose, by a two-thirds vote of the
capital stock of the corporation.
ARTICLE XIV.
Dissolution
This corporation may be dissolved
prior to the time fixed in its articles
of Incorporation, by an affirmative
vote of its stockholders holding
three-fourths of its capital stock, at
a meeting of the stockholders called
for that purpose in the manner re-
Quired by law and these articles of
Incorporation; and IN case Of such
dissolution its affairs shall be wound
up in the manner provided by sta
tute.
Dated this 3Oth day of October,
1917.
Niels p Hoegh.
Arthur FarGuhar.
F. C. Miller.
Joe H. Ross.
F. L. Taylor.
c. p. Christensen.
John c. Jensen.
B. J. Black.
G. M. Ross.
State of Iowa. Audubon. County,
On this 30th day of October, A. d.
1917, before me personally appeared
Niels P. Hoegh, Arthur Farquhar,
F. c. Miller. Joe H. Ross, F. L. Tay-
lor, c. P. Christensen, John C. Jen-
sen, B. ]. Black and G M. Ross, to
me known to be the persons named
in and who executed the foregoing
articles of incorporation of the Iowa
Savings Bank. of Audubon, Iowa,
and acknowledged that they executed
the same as their voluntary act and
deed.
Karl Rasmussen, Notary Public.
In and for Audubon County, Iowa.