Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1917-05-09
NOTICE OF INCORPORATED

!
at DEBORAH. Winnsshiek County,
Iowa, has been duly and legally in
corporated under the laws oil the
state Of Iowa, commencing such cor
porata existence on March 18th,
1917, ald to terminate twenty
years thereafter. The general ma
ture of the business to be transacted
by such corporation being that of
buying and selling automobiles,
farm equipments and machinery and
operating a garage and livery. The
capital stock of said corporation is
Ten Thousand 100000 Dollars di-
vided into shares of One Hundred
! 100000 Dollars each and Five
Thousand 10000 Dollars shall be
fully paid before the corporation be-
gins its transaction of business, but
all of said capital stock has now been
fully paid in. The private property
of the stockholders shall be eX-
empt from corporate debts and the
highest amount of indebtedness to
which said corporation is at any time
to be subject is not to exceed two
thirds of its capital stock.
The affairs of said corporation
shall be conducted and managed by
a Board of three Directors who shall
be elected by the stockholders at
annual meetings of the corporation
to be held at DEBORAH, Iowa, on the
last Tuesday of October Of each year,
such directors to hold office for the
term of one year and until their sue
cessors are elected and qualified and
have accepted office. Any vacancy
in the Board of Directors shall be
filled by the remaining members of
the beard.
At the annual meetings of the
stockholders to be held at the time
above stated, such stockholders shall
elect annually a President from its
members and also a Secretary and
Treasurer. Such Secretary shall act
as secretary of the corporation and
of the Board of Directors. The
President so elected shall be presi-
dent of the corporation and also of
the Board of Directors. The stock
holders at the annual meeting, or
at any special meeting duly called,
may also elect and employ such 9TH
er officers, clerks and employees as
may be necessary for the transac-
tioa sits business and such stock
holders shall then fix the compensa-
tion of all officers and employees.
All checks, remittances, contracts
and orders for automobiles, machin-
cry, equipments and supplies must
be signed by the President of the
corporation and countersigned by
the secretary AID nothing shall be
purchased except by order of the
President in writing and counter
signed by the Secretary.
Special meetings of the stockhold-
ers NAV be called by the President OF
the corporation. Five days notice
of the time and place of such meet
ings shall be given by the secretary
of the corporation, or by the person
calling such a special meeting, by
mailing notice in writing to each
stakeholder, directed to his address
as shown upon the books of the cor
poration, which notice shall state
the object of the meeting. The vot-
ing at al, stockholders meetings
shall be by ballot, and each stock
holder shall be entitled to one vote
for each share of stock which he
holds in said corporation and such
stakeholder NAV be represented by
a proxy duly authorized in writing.
The vote of a majority of the stock
of the corporation then issued shall
be necessary to decide. The ma
jority of the stock of the corpora
ton then issued is required to con-
stitute a quorum at any meeting or
the stockholders.
| The annual meeting Of the Board
of Directors shall be held on the last
Tuesday in October of each year,
immed lately following the adjourn
ment Of the annual meeting OF the
stockholders. Special meetings oil
the Board of Directors may be held
at anv time upon the call OF the
President, on five hours notice to
the members of the Board of Direc-
tors unless they appear on shorter.
notice. The President of the COR
poration and one other director
shall be present in order to consti-
tute a quorum at a meeting of the
Board of Directors unless the Presl-
dent shall in writing waive his right
to be present A majority vote Oh
the directors present shall be neces-
sary for decision. The Board OF
Directors shall have no authority TO
buy, sell or rent real estate without
specific vote in favor thereon by
the stockholders, taken at some reg
ular or special meeting OF such
stockholders.
Until the annual meeting OF the
stockholders in the year 1917, the
Following named persons shall DC
the officers of said corporation:
President, j. H. Hagar, OF Wau-
kon, Iowa.
Secretary, Martin WoIdun!, CT De
ICorah, Iowa.
Treasurer, ole Woldum, o. De
corah, Iowa.
Directors, the said j. II. Hagar'
Martin Woldum and Ole WG'dum.
Dated at DEBORAH, Iowa, this 3"th
day Of April, 1917.
]. II. HAGAR,
president