Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1918-11-27

e. p. LANG,
F. H. LANG,
Dated Nov 18th, 1918. 4Sw3.
ARTICLES OF INCORPORATION OF
THE DAIRY CITY BUTTER
COMPANY.
We, whose names are hereto sub
scribed. hereby associate ourselves
Title. and do sdopt 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; alse
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
corporation. All conveyaaces 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. II the corporation has q 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
tion.
ARTICLE ~.
The amount OF capltai stock auth
orized is Twelve Thousand Dollars,
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 has
been issued. Ne 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 Ceds. 1918. 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 pEoportionately to their hold
ings at not less than par.
ARTINY.E " +
The corporate period Of this corpora
ton shall begin on the date the Secre-
tary Of State issues certificate Of ia
corporation, and shall terminate at the
expiration of twenty (20) years from
said date unless sooner dissolved by
two-thirds vete 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 eff this corporation shall
be managed by a board Of directors,
which shall be composed Of not less
tsaan three nor more than seven menu
bers, who shall elect president, vice.
president, secretary and treasurer and
such other officers including an execu-
tive committee, as they may see tit or
as may be provided fer by the by
laws Of this corporation.
ARTICLE VII.
The annual election shall be held on
the first Saturday Of November Of each
year. Until the first election, which
shall be held on the first Saturday in
November 1918, the following persons
shall be directors:
Name. Postoffice Address.
o. r. Lee. Manchester, Iowa..
Hubert Carr, Manchester, Iowa.
H. L. Ram, Manchester, Iowa.
A. r. Leroy, Manchester, Iowa.
G. L. Siddell, Manchester, Iowa.
and the following persons shall be Of
ficers:
President, o. R. Lee. Manchester.
Iowa.
vice-Presisent, Hubert Carr. Man
chester, Iowa.
Secretary, H. L. Ram, Manchester.
Iowa.
Treasurer, A. r. Leroy, Manchester.
Iowa.
All officers of this corporation shall
hold office for the term of one year or
until their successors are elected, and
have qualified. Every director shall be
a stakeholder and If any director shall
poration he shall at once cease to be a
director. The board of directors
may fill all vacancies occurring in
its membership between annual cleo
tions by the appointment of qua
lifted persons to hold Office for the
remainder Of the term. Special
meetings of the stockholders may
be called at any time by the president
giving ten days notice in person or
in writing to the stockholders and
shall be called by him at any time up
on request of stockholders represent
ing SO per cent shares of stock, and
in case of his neglect or refusal to
call meeting, the parties owning
stock to the amount of FiftyOne per
cent shares may join in call of the
stockholders, which meeting shall be
the same as though called by the presi-
dent. At all meetings of the stock
holders each Sfnckholder shall be en-