Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-10-16
NOTICE or INCORPORATION.

NOTICE OF INCORPORATION.
Notice is hereby given that under.
,ncd have associated thesclvesm to-
Their ~ "A body corporate under 80
PROVISIONS OF Chapter 1. Title .. OF the
God. OF Iowa. and acts amendatory
thereto and have adopted articles cs
incorporation providing rs follows:
|. The name Of this corporation shall
he ~. 4 $. Motor Co. Incorporated"
and its principal place OF business shall
be at Marshalitown. In the county Of
Marshall and state OF Iowa.
II. The object Of this corporation
shall be the buying. selling and exc
change OF automobiles. motor vehicles
motor accessories and such other bust.
ness connected Herewith. rs 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 eatates
rs may be necessary or convenient for
the proper conduct of the Affairs OF
the corporation. All conveyances ot
real estate shall be executed by the
president and secretary and all re-
leases OF mortgages. liens, judgments
or other claims that are required by
ecuted by the president, vice president
or secretary.
III The amount OF capital stock au-
thorized is ten thousand dollars
$50 0O000), divided into shares Of one
hundred dollars 1100.oo) each. No
stock shall be issued until the corpor-
ton has received payment In full
therefor ut par In cash or property:
' 10. hat ,kx.,. stx IT,
| to be issued for anything other than
money. 1t must be subject to the ap-
prevail of the executive council o.
Iowa. as provided in Section 16%l-b OF
the Supplement- to the Code, 1907. and
! any amendments thereto. The capital
stock authorized may be Increased by
vote OF ,wo-thirds (ss) in interest OF
all stockholders. by the adoption Of an
amcpdment to these articles. and when
! Increased the additional shares shall
| be offered to the existing stockholders
! proportionately to their holdings 1t
not less than par.
" The corporate period OF this
corporation shall begin on the date the
secretary of state issues certificate
OF incorporation, and when at least
two shares OF stock have been Issued.
| and shall terminate at the expiration
OF twenty (20) years from aid date. un
less sooner dissolved by n three-fourths
(1.) vote OF the stockholders. or by
| unanimous consent rs provided by law,
V. The affairs Of this corporation
shall be managed by board OF two
directors. which number may be in
| creased to three upon vote of stock
holders. who shall elect IA president,
vice president. secretary and treasurer,
and such other officers including an
executive committee, as they may see
fit 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
year Until the election in March.
1919, the following persons shall be d.
rectors: J. NJ. Daggett, Marshalltown.
Iowa: G. u. Shugart. Marshalitown.
Iowa.
And the following shall be officers:
President, j. NJ. Daggett, Marshall-
| town. Iowa; vice president. G. u. Shu-
CART. Marshalltown. Iowa: secretary. G.
Il. Shugart Marshalltown, Iowa: treas
| urer. J. NJ. Daggett. Marshalltown.
| Iowa.
| All officers of this corporation shall
| hold office Tor the term Of one, year,
or until their successors are elected
and have qualified Directors and offs
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 tho
! term. Special meetings OF the stock
holders may be called ut any time by
the president. upon giving three daya
| notice in person or In writing TO the
stockholders. and shall be called by
! HIM ut any time upon written request
| of stockholders owning ten shares OF
the outstanding stock. and in case OF
| his neglect or refusal To call n meet
] ing, the parties owning ten shares ot
the outstanding stock may join In y
call Of the stockholders, which mectins,
shall be the same as tho called by the
president, At all meetings OF stock
holders. each stakeholder shall be en-.
titled to one vote for each share Of
stock held by him. which vote may be
cast in person or by written proxy,
VII The highest amount OF fndebi =
| edness to WHICH this corporation may
at any time subject itself shall nut
cAceed two thirds csf....:ss.. st on
Will The private property OF the
stockholders shalt be exempt from cor
porate debts. except to the extent and
in the manner provided for in the haas
of Iowa. ts s
TX. The corporation may make and
alter bylaws at pleasure and may AN
thorze the board Of directors TO do 70.
subject to such restrictions - may b
deemed advisable.
! 10. Amendments to these articles.
may be made ut any annual meeting
Of the stockholders, or ut special
meeting, called for that purpose, tw0-
thirds OF MI outstanding stock voting
/ for such amendments. INV WI Az sis5a
Dated September 18th, 1911, NJ
ID. & >. MOTOR Co. lncorporAisd, n
BY u NJ. DAG0ETT, Prestdeat q
BY a.. n SHU(3AWT. nnrfnknPT.