Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-09

No person other than a shareholder
| shall be permitted 10 connect with or
use any OF the lines OF this company
without the consent OF the directors OF
this corporation.
The board OF directors OF this cor
poration shall fix the fee charges or
rental 10 be paid by all persons includ
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 reCtal shall be uniform and
shall not discriminate between the
shareholders Of the corporation, such
fee, charge or rental shall be paid at
such times and in such manner as the
board OF directors may determine
ARTICLE 5.
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 three -fourths vote Of the stock
holders at any meeting, or at a 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 board Of directors suffi-
Gent to represent each rural line, one
half OF said board OF directors to be
elected for one year and the balance
for two years and the term Of office
after that to be two years each and
|
elected by the board of directors for
one term each.
ARTICLE 6.
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. B. 5. Hines, O. l.. Lacey, Willie
! Lyons. Chris Schaper. Chris Schmelick.
| II. s. Blaney. ". J, Dunn, and J. R..
| Borton.
! The following persons shall be the
officers of said corporation: President,
NJ z. Perry: vice president. A. Schaper;
secretary, Ed Flanagan; treasurer, St.
Anthony Savings Bank.
| Every director or officer shall be a
stockholder and II any director or Of
ficer shall sell or transfer his stock in
this corporation he shall at once cease
TO be director or officer.
| The board of directors may fiji all
vacancies occurring in its membership
between annual elections by the ap-
pontment 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
iident. giving ten days notice in person
or writing to each stockho older, In case
of his neglect or refusal to call a meet
ing, the parties owning stock to the
amount of seventy five shares may join
in a call Of the stockholders, which
meeting shall be the same as tho called
by the president.
At all meetings of the stockholders
each stockholder shall be entitled tc
but one vote, which vote may be cast
in person or by written proxy.
ARTICLE 7.
The highest amount of indebte DIN ess
to which this corporation may at any
one time subject itself shall not ex-
coed one-thlrd of it's paid UP capital
stock, ....-
| ARTICLE s.
The private property of the stock
holders shall be exempt from corporate
liability except to the extent and ir
the manner provided by the laws Of the
state Of Iowa, and this article can moi
be amended.
ARTICLE 9.
The corporation may make and altar
bylaws at pleasure and may authorize
the board of directors to do so, subject
to such restrictions as may be deemed
advisable.
ARTICLE TO-
Amendments to these articles. excep
article 8 may be made at any annua
meeting of the stockholders or at g
special meeting called for that purpose
two thirds OF all stockholders in in.
terest voting for such amendment, ex.
cept as provided for in article s.
Dated this goth day Of January, 1917
NJ. E. PERRY, President.
AUG. SCHAPER, Vice President
ED FLANAGAN. Secretary.