Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1918-11-13
DISTRIBUTORS,

paid and issued. upon receipt from the
Secretary of State of certificate
authorizing them to commence busi-
ness and shall continue for period Of
twenty (2o) years
ARTICLE vi.
The affairs Of the corporation shall
be conducted by q Board Of seven 81
Directors. who shall elect President,
vice-President Secretary and Treas
ficers as they may see fit for conduct
ing the business Of said corporation.
ARTICLE VII.
An election Of the stockholders for
the election Of directors, shall be held
annually on the first Tuesday in Janu-
airy, at the business office of said cor
poration in said City Of Manchester,
Delaware County, Iowa. Until the first
election. which shall be held on the first
Tuesday in January, 1919, the follow
ing persons shall be the directors OF
said corporations:
Joseph Hutchinson,
A. M. Cloud,
F. e. Richardson,
Harry Seeds,
William Hockaday,
E. NJ. Carr,
]. c. Nieman,
and until such first annual election,
the following officers shall be the Of
flcers respectively of said corporation:
Joseph Hutchinson, President.
VIM. Hockaday, ST., Vice-Presiaent.
Harry Seeds Secretary & Treasurer.
No person other than stakeholder
shall be a director, and should direc-
tor part with his stock in the corpor-
alton, he shall at once cease to be a
director. All vacancies occurring in
A. - hat q
elections shall be filled by the remain
ing members Of the Board of Directors,
and the directors SO appointed shall
hold office until the next annual elec-
ton. At all meetings Of the stockhold-
ers, each shall be entitled to one vote
for each share Of stock held by him or
her. Such vote may be cast in person
or by proxy. The Office Of the Secre-
tary & Manager or Secretary Treas
urer, or both or all, may be the same
person, and such officer may be selected
said corporation.
ARTICLE VIII.
The highest amount of indebtedness
to which the corporation Is to subject
itself at any time shall not exceed two.
thirds of the capital stock issued and
paid for at any time.
ARTICLE TX.
The private properly or the stock
holders shall be exempt from the cor
porate debts, as authorized by the con-
stitution and laws Of the State of Iowa.
ARTICLE X.
The corporation may make and
amend bylaws for the proper conduct
of the business upon majority vote
thereof, subject to such limitations as
may be required, if any, by a majority
vote of the stockholders in interest.
ARTICLE NJ.
Amendments of these Articles may
be made at any annual meeting OF the
stockholders, or at special meeting
called for that purpose by vote of
two-thirds of all the stockholders in
interest, except Article TX.
ARTICLE XII.
This corporation may be dissolved at
any time prior to the period fixed by
Article v. hereof, by a vote of two
ers in favor of such dissolution, at any
regular annual or at a special meeting
duly called for that purpose.
In Witness whereof We Have Here
unto Subscribed Our Names to the
Foregoing Articles of Incorporation Mt
Manchester, Delaware County, lows,
this 18th Day Of April. A. ID. 1913.
Jos. Hutchinson,
A. D. Brown,
Thorpe Bros,
A. NJ. Cloud,
Haug & Son,
Gildner Bros,
D. J. Meggenburg,
H. C. Seeds,
Geo. H. Klaus,
Chas. Mccormick,
A. W. Stearns,
p. F. Madden,
E. M. Hughes,