Manchester Democrat., 1918-11-06
ARTICLES OF INCORPORATION OF
THE DELAWARE COUNTY LIGHT,
HEAT AND POWER COMPANY. =

| Scribed hereby associate ourselves INTO
a corporation, for the transaction OF
the business hereinafter set forth, un-
der the Provisions of Chapter One,
Title Nine, of the Code Of Iowa. and
Acts amendatory thereto; with all the
powers granted bodies corporate under
said Title and Chapter, and amend
ments thereto. and all the powers men
toned in Article III hereof, not In con-
travention of the Statutes OF Iowa, and
to adopt the following Articles OF In
corporation:
ARTICLE l.
| The name of this corporation shall
be the Delaware County Light, Heat q
Power Company.
| ARTICLE II.
The principal place Of business shall
be the City Of Manchester, in the Coun-
ty of Delaware and State OF Iowa.
ARTICLE III.
Thet object, purpose and powers OF
this corporation shall be and include
the right and power of purchasing and
holding real estate, water power and
mill dam sites, the purchasing and con-
struction of water power plants ana
steam plants, and dams and the pur-
chase of fowage rights and the ac-
quirement and utilizing of any means
| for the manufacture and sale OF elec-
tricity; grinding feed, manufacturing
| -four or any other mill products, or
products that the said water powers or
steam power or property may or might
be utilized for, with the power of max
ing, holding, acquiring or carrying out
of contracts or franchises, for the fur-
| nishing of electric lights or electric
power, for and with cities, corpora
tions or individuals, and the making
and furnishing and selling electricity
for any and all purposes and uses Tor
| which it might be used, and to any and
all parties, and the leasing or buying
or selling of any properties owned or
acquired, and the power to purchase
establish, erect, maintain and operate
within or without the corporate limits
| Of any city or town within the State OF
Iowa, and all territory within the State
of Iowa, electric light or power plants,
heating plants, water works, ice plants,
| gas plants, with all necessary reser-
voirs, filters, streams, trenches, pipes,
drains, poles, wires, burners, machin-
cry apparatus and other requisites of
said works or plants. it being also spe-
officially provided and agreed that the
enumerating and mentioning OF the
above and foregoing powers shall not
limit or restrict this corporation to the
exercises Of any powers or entering
into or conducting any business that
that is, authorized by the Statutes OF
Iowa, under which the same Is incor-
porated, and all acts amendatory there
to.
ARTICLE Nv.
The amount OF capital stock Is
TWENTY-FIVE THOUSAND ($25, 000,-
00) DOLLARS, divided into shares OF
the par value Of One Hundred ($100.00)
Dollars each. fully paid up, and nom
assessable for any purpose. Should the
capital stock be hereafter increased,
as it may be by vote of two-thirds In
interest Of all the stockholders, the ad-
ditional shares shall be offered to the
existing shareholders, proportionately
to their holdings, before Offering same
to outside parties.
ARTICLE v.
This corporation shall commence
business when the sum OF Thirteen
Thousand Five Hundred ($13,5OO.OO
Dollars of the capital stock Is fully
paid and issued, upon receipt from the
Secretary of State Of a certificate
authorizing them to commence busi-
ness, and shall continue for period Of
twenty (20) years.
ARTICLE vi.
The affairs Of the corporation shall
be conducted by a Board OF seven 90
Directors, who shall elect President,
Vice President, Secretary and Treas
urer, and Manager, and such other Of
ficers as they may see fit for conduct
ing the business Of said corporation.
ARTICLE VII.
An election of the stockholders Tor
the election of directors, shall be held
annually on the first Tuesday In Janu-
ary, at the business office of said cor
poration in said City Of Manchester,
Init
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,
z. M. Carr,
J. C. Nieman,
and until such first annual election,
the following officers shall be the Of
fcers respectively of said corporation:
Joseph HUTCHINSON, President,
VIM. Hockaday, Sr, Vice-Presisent
Harry Seeds, Secretary & Treasurer.
No person other than a stOckholder
shall be a director, and should diTec-
tor part with his stock in the corpor-
alton, he shall at once cease to be a
director. All vacancies pCCui4 ans IA
the Board Of Directors between annual
elections, shall be filed by the remain
ing members Of the Board of Directors,
and the directors so appointed shau
hold office until the next annual cleo
tion. 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 G. Manager or Secretary Treas
urer, or both or all, may be the same
person, and such officer may be selected
without being required to own stock IN
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 OF the stock
holders shall be exempt from the cor
porate debts, as authorized by the con-
stitution and laws of the State or Iowa
ARTICLE X.
The corporation may make ana
amend bylaws for the proper conduct
of the business upon a majority vote
thereof subject to such limitations as
may be required. if any, by majority
vote of the stockholders in interest.
ARTICLE XI.
Amendments of these Articles may