Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-10-02
NOTICE OF INCORPORATION.

NOTICE OF INCORPORATION.
Notice is hereby given that under
signed have associated theselvesm to-
gether as body corporate under the
provisions Of Chapter l. Title 9, Of the
Code of Iowa, and acts amendatory
thereto and have adopted articles Of
incorporation providing as follows:
l. The name of this corporation shall
he I'D. & S. Motor Co., Incorporated"
and its principal place Of business shall
be at Marshalltown, in the county Of
Marshall and state Of Iowa.
II. The object OF this corporation
shall be the buying. selling and ex-
change Of automobiles. motor vehicles,
motor accessories and such other bust
ness connected Herewith. as the board
of directors may desire and determine.
This corporation shall also have the
right to buy, hold, sell and convey per-
sonal property and>such real estate.
as may be necessary or convenient for
the proper conduct Of the affairs Of
the corporation. All conveyances OF
real state shall be executed by the
and secretary and all re-
mortgages, liens. Judgments
claims that are required by
! :" 10 De made of record may be ex-
c%uted by the president, vice president
or secretary.
Ill The amount of capital stock au-
thorized Is ten thousand dollars
S10,o00.00), divided into shares of one
hundred dollars ($1o00O) each. No
stock shall be issued until the corpor-
elton has received payment in full
therefor at par In cash or property.
pfeyded however that when stock is
TO be issued for anything other than
money, it must be subject to the ap-
lroval of the executive council of
Iowa, as provided in Section 1641-b of
the Supplement to the Code. 1907. and
any amendments thereto. The capital
stock authorized may be increased by
vote of two-thirds ca in interest of
all stockholders. by the adoption of an
to these articles, and when
increased the additional shares shall
be offered to the existing stockholders
to their holdings at
not less than par.
~. The corporate period of this
corporation shall begin on the date the
sacretary Of state issues a certificate
of incorporation. and when at least
two shares Of stock have been issued,
and shall terminate at the expiration
of twenty (20) years from aid date I'M
less sooner dissolved by three-f ourths
(A) vote of the stockholders, or by
unanimous consent as provided by law.
V. The affairs of this corporation
shall be managed by a board of two
directors. which number may be in
creased to three upon vote of stock
holders, who shall elect president,
vice president secretary and treasurer,
and SUCH other officers. including an
executive committee, as they may see
fit or as may be provided for by the
OF this corporation. One per-
son may hold one or more Offices.
VI The annual meeting and elec-
ton Of this corporation shall be held
on the first Tuesday in March in~each
year. Until the election in March.
1912. the following persons shall be di-
gectors: J. M. Daggett, Marshalltown,
Iowa; G. 2. .Shugart, Marshalltown.
Iowa.
And the following shall be officers:
President J. M. Daggett, Marshall
town. Iowa; vice president, G. z. Shu.
CART. Marshalltown, Iowa: secretary, G.
n. Shugart Marshalltown, Iowa; treas
urer, J. M Daggett, Marshalltown,
Iowa.
All officers Of this corporation shall
hold Office for the term Of one year,
or until their successors are elected
and have qualified. Directors and Off
GERS, except president, need not be
stockholders. The board OF directors
may I'LL all vacancies occurring in its
members. between annual meetings, by
the appointment Of qualified persons
to hold Office for the remainder Of the
term. Special meetings Of the stock
holders may be called at any time by
the president, upon giving three days
notice in person OF III writing to the
and shall be called by
him at any time upon written request
OF stockholders owning ten shares OF
the outstanding stock, and in case OF
his neglect or refusal to call meet
ing, the. parties owning Ven shares Of
the outstanding stock may join in
call OF the stockholders. which meeting,
shall be the same as tho called by the
president At all meetings Of stock
holders, each stakeholder shall be en-
titled to one vote for each share of
stock held by him, which vote may be
cast In person or by written proxy.
VII. The highest amount Of indebt-
edness to which this corporation may
at any time subject itself shall not
exceed two-thirds OF its capital stock.
Will The private property Of the
stockholders shall be exempt from cor
porate debts. except to the extent and
in the manner provided for in the laws
Of Iowa.
TX. The corporation may make and
alter bylaws at pleasure and may au-'
thorize the board OF directors to do so,
subject to such restrictions as may be
deemed, advisable.
10. Amendments to these articles,
may be made at any annual meeting
OF the stockholders. or at special
meeting, called for that purpose, two
thirds Of all outstanding stock, voting
for such amendments.
Dated September 18th, 1918.
Dc s.. MOTOR CO., Incorporated,
BY ], N. DAGGETT, President a
BY g. "A. sHUGART, Secretary.
2 Iron 10 seven times as ~ heavy " mr.