Manchester Democrat., 1918-11-06
OF INCORPORATION OF
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
Title, and do adopt the following Ar
ticles Of Incorporation, to-wit:
ARTICLE I.
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 artificial
ice.
The corporation shall have the right
to buy, hold, sell and convey personal
property and such real estate, as may
be necessary or convenient for the
proper conduct Of the affairs of the
ASsSA
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, IL the corporation has seal;
and all releases of mortgages, liens,
judgments, or other claims that are re-
quired by law to be made of record may
be executed by the president, vice.
president or, secretary Of the corpora
ton.
ARTICLE ".
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
thing other than money, 1t must be
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
tion 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 py
two thirds vote Of the stockholders
at any annual meeting, or at 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 a president, vice.
president, secretary and treasurer and
such other officers, including an execu-
tive committee, as they may see ut 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
wear. Until the first election, which
shall be held on the first Saturday In
November, 1918, the following persons
shall be directors:
Name. Postofflce Address.
o. R. Lee, Manchester, Iowa.
Hubert Carr, Manchester, Iowa.
TT T, Ram Manchester, Iowa.