Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-02

ing the shareholders Of this corporation
for the use Of the lines or, property OF
the corporation and tho services rem.
dered by the corporation. which fee,
charge or rae.tal shall be uniform and
shall not discriminate between the
shareholders of tho corporation, such
fee, charge or rental shall be paid at
such times and In such manner n the
board OF directors may determine.
ARTICIlE s.
The corporate period OF this corpor-
alton shall begin on the date the Sec
rotary OF state issues certificate OF
incorporation and shall terminate at
the expiration of twenty (20) years
from said date. unless sooner dissolved
by a three fourths vote Of the stock
holders at any meeting or at special
meeting called for that purpose.
The affairs Of this corporation shall
be managed by = president and vice
president elected by the shareholders
annually and a board OF directors sufYi-
cent to represent each rural line. one
half of said board Of directors to be
elected for one year and tho balance
for two years, and the term Of Office
after that to be two years each and
the secretary and treasurer to be-
elected by the board OF directors for
one term each.
ARTICLE S.
The annual meeting shall be held on
the second Saturday in December OF
each year. Until the named election
as above provided the following per-
sons shall be the directors OF this COR
poration: Francis Tagatoff, George
Tight, f. s. Hines, o. l.. Lacey, Willie
Lyons, Chris Schaper. Chris Schmelick.
II. s. Btaney. w. J. Dunn, and ]. r.
Borton.
The following persons shall DO the
officers OF said corporation: President.
NJ. T.. Perry: vice president. A. Schaper:
secretary. Ed Flanagan: treasurer. st.
Anthony Savings Bank.
Every director or officer shall be q
stakeholder. and IL any director or Of
iiccr shall sell or transfer his stock in
this corporation no shall at once cease
to be director or officer,
Tho board OF directors may MI all
vacancies occurring In its membership
between annual elections by tho APP
polntment OF qualified persons to hold
office for the remainder Of the term.
Special meetings Of the stockholders
may be called at any time by the pres
dent. giving ten days notice in person
or writing to each stockholder, IN case
of his neglect or refusal to call q meet
ing, the parties owning stock to the
amount OF seventy-f Ave shares may join
in call Of the stockholders, which
meeting shall be the same as tho called
by the president,
At all meetings Of the stockholders
each stakeholder shall be entitled to
but one vote. which vote may be cast
in person or by written proxy.
ARTICLE Z.
The highe amount Of Indebtedness
to which this corporation may at any
one time subject itself shall not ex
coed one third Of its paid up capital
stock.
ARTICLE 8,
Tho private property Of the stock
holders shall be exempt from corporate
liability. except to the extent and II,
the manner provided by the laws OF the
state OF Iowa, and this article can not
be amended.
ARTICLE ..
Tho corporation may make and altar
bylaws at pleasure and may authorize
the board OF directorate do so. subject
to such restrictions. as may be deemed
advisa bic. :;
ARTICLE 10.
Amendments to these articles, except
article may be made at, any annual
meeting of the stockholders or at A.
special meeting called for that purpose,
two-thirds OF al! stockholders In In