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

COTpOTdtlOH.
Niels P. Hoegh, Brayton, Iowa.
C. P. Christensen, Audubon, Iowa.
Joe H. Ross, Audubon, Iowa.
Geo. M. Ross. Audubon, Iowa.
John C. Jensen, Audubon. Iowa.
F. 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, Il
and Immediately following the ad-
journment of the annual meeting
of the stockholders, at which time |
! it shall elect a 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 H. 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 fattested by
the cashier, with the corporate seal
thereto affixed.
Section g 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 g. 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 /. 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.
Seotion 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 XI.
Indebtedness
This corporation shall not contract
or incur any debt or liability, except
for deposits, and the necessary ex-
penses of managing and transacting
it's 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 it's business, |
and the regulation of its affairs; and |
may by like vote alter or change |
such bylaws.
ARTICLE XIV.
Amendment of Articles of Incorpora-
ton.
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 Both day of October,
1917.
Niels p. Hoegh.
Arthur Farquhar.
F.. c. Miller.
Joe II. 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. ID.
1917, before me personally appeared
Niels p. Hoegh, Arthur Farquhar,
F. c. Miller. Joe II. Ross, F. L. Tay-
Tor, c. p. Christensen, John c. Jen-
sen, B. j. Black and G NJ 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