Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1918-11-20

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EDW ARDS, no a,o,'
RANsIER & SMITH,
45w4. Attorneys ior Fiaintins'
= = $500
ARTICLES OF INCORPORATION OF
THE DAIRY CITY BUTTER
COMPANY.
We, whose names are hereto sub
scribed, hereby associate ourselves
into 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 I.
The name Of this corporation shall be
the Dairy City Butter Company.
ARTICLE IL
It's principal place of business shall
Delaware, and State Of Iowa.
ARTICLE III.
The object OF the corporation is the
buying and selling OF milk ana 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.
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
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.
ARTICLE w.
The amount Of capital stock auth
orized is Twelve Thousand Dollars,
divided into shares Of One Hundred
Dollars each, Six Thousand of which
bearing per cent interest and Six
Thousand Of which shall be common
stock. The corporation may commence
business when $---------- in stock has
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 Tor 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. oy the
adoption OF an amendment to these
articles. When the OUTSTANDING cap
shall be offered to the existing Stock
holders proportionately to their mold
ings at not less than par.
ARTICLE v.
The corporate period OF this CORPORA
ton shall begin on the date the eecre-
tary OF State issues q certincAte OF N
corporation. and shall terminate at the
expiration OF twenty (2Ol years from
said date unless sooner dissolved by 2
two-thirds vote OF the stocknoiusrs
at any annual meeting. OF at q special
meeting called Tor that purpose, OF ~
unanimous consent as provided by law.
ARTuCLD VI u
The affairs Of this corporation snail
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 ana
such other officers, including an e *
tive committee. as they may see Alt of
as may be provided Tor py the oy-
laws OF this Corporation.
The annual election shail De heio on
the first Saturday OF November OF eacn
year. Until the first election, wnlcn
shall be held on the nrst SATURDAY IN
November, 1913, the following persoHs
shall be directors:
Name. Postomce ADDRESS
0. r. Lee, Manchester, iowa.
Hubert Carr, Manchester towa'
H. L. Ram, Manchester, iowa.
A. Il. Leroy Mancnester' 4
G. L. Siddell, Manchester, Iowa.
and the following persons snail De OF
fcers:
President, o. X. Lee, MancneseeF'
Iowa.
Vtce-Prestdent, hupert Carr' m@"-
chester, Iowa.
Secretary, H. L. RAM Manchester
Iowa.
Treasurer, A. r. Leroy Manchester
Iowa.
All officers OF this corporation snau
hold office for the term OF one year or
until their successors are eiecteo, anu
have quallned. EVERY olreclor snar W '7
a stakeholder and IL any director shall
sell or transfer his STOCK In TINS cor
poration he shall at once cease 10 pe
director. The board OF directors
may fill all vacancies occurring IN
its membership between annual eleo-
tons by the appointment OF qua
lifted persons TO nolo olice LOT Ing
remainder OF the term: speclal
meetings of the stockholoers may
be called at any time by the president
giving ten days notlce IN person o.
in writing to the stockholders anu
shall be called by MN az any Time up
on request OF stockholders represent,
ing SO per cent shares OF Stock ana