Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-03-26

sold or transferred without the consent
of the board OF directors OF this corpor-
alton and the right OF the said direNs
tors to pay and take said stock at par
value.
No person other han a SHAREHOLDER
shall be permitted to connect with or
use any Of the lines OF this company
without the consent OF the directors OK
this corporation.
The board of directors OF this corr
poration shall fix tho fee charges or
rental to be paid by all persons Include
Ing the shareholders OF this corporation
for the use of the lines or property OF
the corporation and the services rem
dered by the corporation. which fee.
charge or FD.tai shall be uniform ana
shall not discriminate between tho
shareholders OF the corporation, such
fee, charge or rental shall be paid At
such times and In such manner ~ the
board OF directors may determine.
ARTICLE s.
The corporate period OF this corpor-
alton shall begin on the date the sec
rotary of state issues a certificate Of
incorporation and shall terminate At
the expiration of twenty (20) years
from said date, unless sooner dissolved
by a threc-fourths vote Of the stock
holders at any meeting, or Mt a special
meeting called for that purpose.
The affairs Of this corporation shall
DO managed by q president and vice
president elected by the shareholders
annually and a board of directors suffi-
Client to represent each rural lire. one
half OF said board OF directors to be
elected for one year and the balance
for two years. and the term OF ofice
after that to be W years each and
the secretary and treasurer to be
elected by the board OF directors for
one term ZACH.
ARTICLE 8.
The annual meeting shall DO hold 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 his cor-
poratlon: Francis Tagatof, George
Tight, 3. S. Hines, O. l.. Lacey, Willie
Lyons, Chris Schaper. Chris Schmelick.
II. S. Blaney, w. j. Dunn. and ]. II.
Borton.
The following persons shall be the
officers of said corporations: President,
NJ. e. Perry: vice president, A. Schaper:
secretary. Ed Flanagan: treasurer, St.
Anthony Savings Bank
Every director or officer shall be Z
stakeholder, and If any director or Of
flcer shall sell or transfer his stock In
this corporation he shall at once cease
to be u director or officer.
Tho board OF directors may MI all
vacancies occurring In its membership
between annual elections by the ap-
pointment 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
ident. giving ten days notice in person
or writing TO each stakeholder. In cas-
OF his neglect or refusal to call q meet
ing. the parties owning stock to the
amount OF seventy five shares may join
in q call OF the stockholders. which
meeting shall be the same as tho called
by the president.
At all meetings OF tho stockholders
each stakeholder shall be entitled to
hut ono vote, which vote may DO cast
in person or by written proxy.
ARTICLE 7.
Tn highest mount of indebtedness
to which his corporation may at n
one time subject itself shall not x
ceed one-third OF it's paid up capital
stock.
ARTICLE s,
The private property OF the stock
holders shall be exempt from corporate
liability except &c the extent and In
the manner provided by h laws Of tho
state OF Iowa. and this article ~ not
be amended.
ARTICLE 3.
The corporation may make and AltAr
by laws ut pleasure and may auehoriHe
the board of directorsp.to do "a, subject
to such restrictions as may be deemed
advisable.
ARTICLE 10,
Amendments t. these articles, excapt
article s may be made at any iannuaR
meeting of the stockholders or at =
special meeting called for that purpose,
two-thirds OF all stockholders In m.
%tcrest voting for such amendm4nt. exS
cept as provided For Iii article 8.
Dated this Goth day OF january. tAl7s;
NJ. II. PERRY, President.
AUG. SSSGifa Few "a vicu Frsstdent
ED FLANAGAN, SecretAry.s
ST. ANTHONY BANK TreasufeaE