Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-10-23
NOTICE OF INCORPORATION.

NOTICE OF INCORPORATION.
Notice is hereby given that under
signed have associated theselvesm to-
gether as a body corporate under the
provisions Of Chapter l, Title 3, OF the
Code of Iowa, and acts amendatory
thereto and have adopted articles OF
Incorporation providing as follows:
/ The name Of this corporation shall
be ID, & S. Motor Co.. Incorporated
and its principal place Of business shall
be at Marshalrown, tn the county or
( 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,
an may be necessary or convenient for
the proper conduct OF the affairs of
the corporation. All couveyances of
real estate shall be executed by the
president and secretary and all re-
tleases OF mortgages, liens, judgments
or other claims that are required by
law to be made Of record may be ex-
;ecuted by the president, vice president
or secretary.
III The amount Of capital stock au-
thorized Is ten thousand dollars
t($10, .oo), divided into shares of one
hundred dollars (s1oo.oo) each. No
stock shall be issued until the corpor-
,ation has received payment in full
therefor at par in cash or properly:
provided however, that when stock Is
to be issued for anything other than
money, it must be subject to the ap-
prevail OF the executive council of
Iowa, a. provided in Section 1s41-b Of
the Supplement to the Code, 1907, and
any amendments thereto. The capital
stock authorized may be increased by
vote Of two-thirds (.s) In interest of
all stockholders, by the adoption of an
amendment to these articles, and when
increased the additional shares shall
bo offered to the existing stockholders
proportionately to their holdings at
not leaB than par.
". The corporate period OF this
corporation shall begin on the date the
secretary of state issues a certificate
OF incorporation, and when at least
two shares of stock have been issued,
and shall terminate at the expiration
4 Of twenty (20) years from aid date, IN
less sooner dissolved by three fourths
(Z) vote OF the stockholders, or by
unanimous consent as provided by law.
". 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 1 president,
vice president, secretary and treasurer,
and such other officers, including an
executive committee, as they may see
at or as may be provided for by the
bylaws OF this corporation. One per-
son may hold one or more Offices
VI The annual meeting and cleo
ton Of this corporation shall be held
on the first Tuesday in March in each
4 year. Until the election in March,
TsISl9, the following persons shall be di-
rectors: J. NJ. Daggett, Marshalltown,
y Iowa; G. q. Shugart, Marshalltown,
Iowa.
And the following shall be officers
President, ]. NJ. Daggett, Marshall
town, Iowa; vice president, G.. Il. Shu-
CART. Marshalltown, Iowa; secretary, G.
T. Shugart, Marshalltown, Iowa; treas
urer, ]. NJ. 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 or in writing to the
6tockholders, and shall be called by
4 HIN It any time upon written request
Es6f stockholders owning ten shares OF
y - outstanding stock, and in case OF
Hhfs neglect or refusal to call a meet
E1f,e. the parties owning ten shares OF
\ 80 outstanding stock may join in a
I'LL OF the stockholders, which meeting
kali be the same as tho called by the
S9aSident At all meetings Of stock
Hiders, each stakeholder shall be en-
Es11a1od TO one vote for each share Of
kock held by him, which vote may be
- IN person or by written proxy.
VII The highest amount of indebt.
Hhess to which this corporation may
#6f any time subject itself shall moi
Xioood two-thirds Of its capital stock
ssxIIL The private property of the
cckholders shall be exempt from cor.
idsate debts, except to the extent anC
53he manner provided for in the laws
lows
The corporation may make ant
- bylaws at pleasure and may au.
fiye the board of directors to do so
feet to such restrictions as may bt
"a advisable.
Amendments to these articles
~ made at any annual meeting
~ stockholders, or at specia
nfing. called for that purpose. two
- s0f all outstanding stock, voting
fsosach amendments.
SIS! september 18th. 1913
is. MOTOR CO., Incorporated,
75a5sSj " r. M. DAGGETT. President
s. e. 4 = :. CART. Secretary