Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1918-11-13
ARTICLES OF INCORPORATION OF
THE DAIRY CITY BUTTER

ARTICLES OF INCORPORATION VI
THE DAIRY CITY BUTTER
COMPANY.
We, whose names are hereto sub.
scribed, hereby associate ourselves
into a body corporate under the pro-
visions Of Chapter l, Title TX of the
Code of Iowa, and acts amendatory
thereof; assuming all the powers
rights and privileges granted bodies
corporate, and all the duties and OBJ.
legations imposed by said Chapter and
!, Title and do adopt the following Ar
ticles of Incorporation, to-wit:
ARTICLE l.
The name of this corporation shall be
the Dairy City Butter Company.
ARTICLE II.
It's principal place of business shall
be at Manchester, in the County OF
Delaware, and State of Iowa.
ARTICLE III.
! The object of the corporation is the
buying and selling of milk and cream
and milk products and the manufac-
ture and distribution Of same; also
the buying and selling OF poultry,
eggs. and other dairy products; also
the manufacture and sale OF artihcial
ice.
The corporation shall have the right
to buy, hold. sell and convey personal
property and such real estate, as may
proper conduct of the affairs OF the
corporation. All conveyaRces of real
property made by the corporation shall
be executed by the president and
countersigned by the secretary with
an impression of the corporate seal at
tached, if the corporation has seal;
and all releases Of mortgages, liens,
judgments, or other claims that are re-
uuired by law to be made Of record may
be executed by the president, vice.
president or secretary Of the corpora
ton.
The amount of capital stock auth
orized is Twelve Thousand Dollars,
divided into shares of One Hundred
Dollars each, Six Thousand of which
shall be cumulative preferred stock
bearing per cent interest and Six
Thousand of which shall be common
stock. The corporation may commence
business when $---------- IN STOCK mas
been issued No stock shall be issued
until the corporation has received
payment in full thereof at par in cash
or property; provided however, that
when stock is to be issued for any
subject to the approval OF the execu-
tive council of Iowa, as provided In
section 1641-b Of the Supplement to
the Code, 1913, and any amendments
thereto. The capital stock authorized
may be increased by vote OF two thirds
in interest of all stockholders, by the
adoption Of an amendment to these
articles When the outstanding cap
ital Is increased. the additional shares
shall be offered to the existing stock
holders proportionately to their hold
ings at not less than par.
ARTICLE v.
The corporate period of this corpora
ton shall begin on the date the Secre-
tary of State issues certificate OF In
corporation, and shall terminate at the
expiration Of twenty (20) years from
said date unless sooner dissolved by
two-thirds vote of the stockholders
at any annual meeting, or at a special
meeting called for that purpose. or by
unanimous consent as provided by law
ARTICLE VI
The affairs of this corporation shall
be managed by a board OF directors
which shall be composed Of not less
than three nor more than seven mem
bers who shall elect president. vice.
! president, secretary and treasurer and
such other officers, including an execu-
tive committee, as they may see fit or
as may be provided for by the by
laws Of this corporation.
ARTICLE VII.
The annual election shall be held on
the first Saturday Of November OF each
year. Until the first election, which
shall be held on the first Saturday in
November, 1918, the following persons
shall be directors:
Name. Postoffice Address
o. r. Lee, Manchester, Iowa.
Hubert Carr, Manchester, Iowa.
H. L. Ram, Manchester, Iowa.
A. r. Leroy Manchester, Iowa.
G. L. Siddell Manchester, Iowa
and the following persons shall De or
) ficers:
President, o. R. Lee, Manchester
Iowa.
Vice-President, Hubert Carr. Man
Secretary, H. L. Ram, Manchester,
Iowa.
Treasurer, A. r. Leroy, Manchester.
Iowa.
All officers Of this corporation shall
hold office for the term of one year or
until their successors are elected. and
have qualified. Every director shall be
a stakeholder and If any director shall
sell or transfer his stock in this cor
poration he shall at once cease to be
director The board Of directors
may fill all vacancies occurring in
it's membership between annual elec-
tions by the appointment OF qua
lifted persons to hold office for the
remainder of the term. Speclai
meetings of the stockholders may
be called ut any time by the president
giving ten days notice in person or
in writing 70 the stockholders and
shall be called by him at any time up
on request Of stockholders represent
ing so per cent shares of stock, and
in case of his neglect or refusal TO
call a meeting, the parties owning
stock to the amount of Fifty-one per
cent shares may join in call or the
stockholders, which meeting snail be
! the same as though called by the presl-
dent. At all meetings of the stock
holders each stakeholder shall be en-
titled to one vote for each share OF
stock held by him, which vote he may
| cast in person or by written proxy.
| ARTICLE VIII
| The highest amount of indebtedness
| to which this corporation may at any
time subject itself shall not exceed two
thirds of its paid-up and outstanding
capital stock.
ARTICLE TX.
The private property of the stock
| holders shall be exempt from corporate
| liability except to the extent and In
the manner provided by the laws or the
State of Iowa.
ARTICLE X.
| The Corporation may make and alter
| bylaws at pleasure, and may authorize
| the board of directors to do so, SUBJ
! iect to such restrictions as may be
| deemed advisable.
ARTICLE XII
Amendments to these articles may be
made at any annual meeting OF the
stockholders, or at special meeting