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

Of taking over the property Of the St.
Anthony Telephone Company and I'M
business of conducting and operating a
Mutual Telephone Exchange and
transmitting telephone messages from.
to and between the members Of such
association.
| The general nature Of the business
to be conducted by this corporation
shall be to construct, purchase, sell,
lease. own and operate and maintain
telephones and to erect lines. equip
ments and apparatus in connection
Herewith in the state Of Iowa, to pur-
chase and convey and cucumber both
real and personal in connection with
corporate business; to buy, sell and
deal in telephone supplies, devises and
contrivances, to purchase, own and sell
stock in other corporations or associa-
| tons engaged in like business and to
| transact such other business as Is usual
to corporations of like character or as
may from time to time be decided upon
by the shareholders, the main purpose
of the business of this corporation.
however. shall be to transmit telephone
messages, to, from and between it's
stockholders or with such other cX-
| changes as connections may be made.
/ All cQpveyances of real property
made by this corporation shall be ex-
ecuted by the president and counter
signed by the secretary, with an inn
preston of the corporate seal attached
| if the corporation has Il seal: all re-
leases Of mogtgages liens. or other
claims That are required by law to be
made Of record, may be executed by
the president, vice president or sec
rotary Of the corporation.
ARTICLE 4.
| The amount of capital stock author
| lied is nine thousand ($9,0O0.0O) dol
lars and may commence business on
paid stock of $4,000 divided into 300
shares of $50 each and each share is to
be fully paid and non -assessable when
| issued and no shareholder shall own
more than five shares of stock at any
one time. 1t is understood that In TAX
ing over the property and business OF
the ST Anthony Telephone Company,
an unincorporated association, there
shall be issued to each member OF
said association in good standing one
share of stock In this corporation for
each share held by such member or
said association which shall be con-
sidered and treated by this association
as fully paid, subject. however, to the
approval of the executive council Of
Iowa as provided for in section l641-B
Of the supplement to the Code of 1907
and any amendments thereto
No share OF stock In this corporation
shall be sold or issued by the corpora
ton for less than it's face value except
the shares issued to the former mem
bers OF the st. Anthony Telephone
Company for the purpose Of taking
over their shares in said company but
the shareholder Of this corporation may
at any annual meeting or meeting
called for such purpose, fix premium
in addition to the par value from all
stock re: Issued and 10 stock shall. be
thereafter issued by the corporation
until such premium In addition to the
par value shall be fully paid.
Certificates and shares Of stock shall
be- transferred only IN such manner as
the board of directors of this corpora
ton may fix and the corporation shall
have lien upon each share Of stock
| for any amount due the corporation
from the owner thereof and no stock
shall be transferred until all the in
debtedness owing to the corporation
from the former owner shall have been
fully paid and further no stock shall be
sold or transferred without the consent
Of the board Of directors OF this corpor-
alton and the right of the said direc-
tors to pay and take said stock at par
value.
No person other than a shareholder
shall be permitted to connect with or
use any OF the lines OF this company
without the consent OF the directors Of
this corporation.
I. The board OF directors Of this corr
poration shall NIX the zee charges OF
rental to be paid by Ill persons includ-