Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1917-11-29

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years thereafter; and the corporation
may commence the transaction o.
business when a certificate of the
Auditor of State shall have been is
sued authorizing it to do so. It.
corporate existence may be terminal
ed at any time by a three-fourth:
vote of the stockholders at any reg
ular or special meeting called fol
that purpose, in conformity with the
articles of Incorporation and in ac
cordance with the provisions of the
statute.
ARTICLE V.
Board of Directors and Officers
Section 1. The affairs of this cor
poration shall be conducted and man
aged by board of nine directors
who shall be elected from the share
holders at the annual meeting of the
corporation, and shall hold office for
the term of one year, and until their
successors are elected and qualified
and have accepted office.
Section. 2. Any vacancy in the
board of directors shall be filled by
the remaining members of the
board, and the persons so appointed
shall hold office until the next an
nual meeting of the stockholders.
Section g. The board of directors
shall elect a president and vice-presi-
dent from its members, and shall also
elect cashier. who may or may not
be member of the board of directors
and who shall also act as secretary
of the corporation. 1t may also elect
and employ such other officers and
l pInrEc hn m a
transaction of it's business, and shall
fix the compensation of all officers
and employees.
ARTICLE vi.
Annual and Special Meetings of the
Stockholders.
Section 1. The annual meeting of
the stockholders shall be held at the
office of the corporation on the
Third Wednesday in December of
each year, beginning with the year
1917, at which time the stockholders
shall elect board of directors and
transact such other business as may
lawfully come before them.
Section 2. Special meetings of
the stockholders may be called by
the president, vice-president, or by a
VI
Of directors, or by the holder or
holders of majority of the stock of
the corporation. Ten (10) days
of such meeting shall be given
by the cashier or the person
or persons calling such special
meeting, by mailing a notice in writ
ing to each stakeholder. directed to
his address as shown upon the books
of the corporation, which notice shall
state the object of the meeting, and
no business other than that named
in the notice shall be transacted at
such special meeting, unless all of
the stock of the corporation shall be
represented and no objection shall
be made by any stakeholder to the
transaction of business other than
that named in the notice.
Section 3. The voting at all
stockholders meetings shall be by
ballot. and each share of stock repre-
sented by the holder thereof, or by
his proxy duly authorized in writing
shall be entitled to one vote.
ARTICLE VII.
Provisional Directors
Until the first annual meeting of
the stockholders. the following named
persons shall be the directors of the
corporation:
Niels p. Hoegh, Brayton, Iowa.
Arthur Farquhor, Audubon, Iowa.
c. p. Christensen. Audubon. Iowa.
Joe II. Ross, Audubon, Iowa.
Geo. M. Ross, Audubon, Iowa.
John C. Jensen, Audubon, Iowa.
+. c. Miller, Audubon, Iowa.
F. l.. Taylor, Audubon. Iowa.
B. j. Black, Audubon, Iowa.
ARTICLE VIII.
Annual Meeting of Board CT Directors
The annual meeting of the board
of directors shall be held on the
Third Wednesday of December. 1917,
and Immediately following the ad-
journment of the annual meeting
of the stockholders, at which time
it shall elect president, vice-presi-
dent and cashier, and may elect
or employ such other officers, clerks
or employees as shall be deemed ne
cessary for the transaction of the
business of the corporation. Until
the first annual meeting of the
board of directors, the following
named persons shall be the officers
of the corporation:
President. F. c. Miller, Audubon,
Iowa.
Vice-President, Joe II. Ross, Au-
dubon Iowa.
Cashier. C. p Christensen, Audi
bon, Iowa.
ARTICLE TX.
Execution And Acknowledgement
of Written Instruments.
Section l. 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 president
or vice-president, and attested by
the cashier. with the corporate seal
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