Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1917-11-15
OF INCORPORATION

ARIICLES OF INCORPORATION
Articles of Incorporation of the
Iowa Savings Bank, of Audubon, Iowa
The persons whose names are sub
scribed hereto, and all other persons
who shall become stockholders of
this corporation, hereby associate
themselves together as body cor
porate and organize and create a cor
TX of the Code of Iowa, and adopt
the following Articles of Incorpora-
tion for the government of such as
ISOLATION:
ARTICLE
Name and Place of Business
The name of the corporation shall
be Iowa Savings Bank" and its place
of business shall be in the City of
Audubon, C unity of Audubon, and
State of Iowa.
ARTICLE ii.
Business
The general nature of the business
to be transacted by the corporation
shall be a general banking business
of savings, conducted under the pro-
visions of Chapters 10 and IL of Title
TX of the Code of Iowa and acts of
the Legislature amendatory thereto,
also, to accept and execute any and
all trusts not in conflict with the
laws of the United States or of the
State of Iowa, as provided by Chap
ter 12-A, Supplement of the Code,
1913, and this corporation hereby as
sumes and takes to itself all and
ct, h.
savings banks by the laws of Iowa,
and accepts all the duties and obliga-
tions imposed thereby.
ARTICLE III.
Capital Stock
The capital stock of this corpora
ton shall be Fifty Thousand Dollars
($50,000), and shall be divided into
shares of one hundred dollars ($10O)
each, and shall be fully paid before
the corporation begins the transaction
of its business.
ARTICLE ".
Duration
The existence of this corporation
shall begin on the date the Secretary
of State issues his certificate of in
corporation, and shall continue fifty
years thereafter; and the corporation
may commence the transaction of
business when a certificate of the
Auditor of State shall have been is
sued authorizing it to do so. Its
corporate existence may be terminal
ed at any time by a three-fourths
vote of the stockholders at any reg
ular or special meeting called for
fhat in n with tho
articles of incorporation and in ac-
cordance with the provisions of the
statute.
ARTICLE V.
Board of Directors and Officers
Section /. The affairs of this cor
poration shall be conducted and man
aged by a 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 remainding members of the
board, and the persons so appointed
shall hold office until the next an
nual meeting of the stockholders.
Section 3. 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 a 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
InvH ~ a n
transaction of its business, and shall
fix the compensation of all officers
and employees.
ARTICLE VI.
Annual and Special Meetings of the
Stockholders.
Section l. 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 a 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 q
majority of the members of the board
of directors. or by the holder OF
holders of majority of the stock OF
the corporation. Ten G0) days
notice of the time and place
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 al
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 animal meeting OF