Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-07-10
Notice Of incorporation.

together as body corporate under the
provisions of Chapter /, Title IN, Of the
code of Iowa, and acts amendatory
thereto and have adopted articles OF in
corporation proving as follows:
/. The name OF the corporation shall
be Kane Laundry Company and its
principal place Of business shall be at
Marshalltown, in the county Of Mar
shall and state OF Iowa
.. The object Of the corporation is to
do a general laundry and cleaning bust
ness. and such other lines OF work as
may be determined upon by the board
of directors.
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 cor
noration.
All conveyances Of real property
made by the corporation shall be ex-
ecuted by the president Of counter
signed by the secretary with an i'm
preston OF the corporate seal at.a>ch,e ed
il the corporation has a seal; and all
releases OF mortgages, liens, judgments
or other claims that are required by
law to be made OF record may be ex-
ecuted by the president, vice president
or secretary Of the corporation.
5. The amount Of capital stock au-
thorized Is fifteen thousand dollars. d.
vided into shares Of one hundred dol
lars each. The corporation may COM
mence business when 5000 in stock has
been Issued 10 stock shall be issued
until the corporation has received pay
ment in full therefor at par in cash or
property; provided, however. that when
stock is issued for anything other than
money; it must be subject 10 the ap-
prevail of the executive council OF Iowa,
as. provided In section 1641b of the
supplement- to the code, 1913; and any
amendment thereto.
The capital stock authorized may be
increased by vote Of hfty-one per cent
in interest of all the stockholders. by
the adoption Of an amendment to these
articles. When the outstanding capital
is increased, the additional shares shall
be offered to the existing stockholders
proportionateiy to their holdings at not
less than par. for a period of ten days.
a. The corporate period of this cor
secretary Of state issues a certificate
Of incorporation, and shall terminate at
the expiration Of twenty (20) years
from said date. unless sooner dissolved
by a two thirds vote Of the stockhold-
ers at any annual meeting, or at
special meeting called for that pur-
pose or by unanimous consent as pro-
vided by law.
5. The affairs Of this corporation
shall be managed by a board Of two
directors. which number may be in
creased TO three upon majority vote OF
stockholders, who shall elect a presi-
dent, vice president, secretary and
treasurer and such other officers in
Guiding an executive committee as they
may see At or as may be provided for
by the bylaws Of this corporation.
8. The annual election shall be held
on the second Tuesday in January Of
each year. Unit! the first elect on,
which shall be held on the second Tues
day in January, 1919, the following per-
sons shalt be directors:
William G Kane, postoffice, Marshall
town, Iowa.
Ethel H. Hamacher. postoffice, Mar
SnaIlIOWn, Iowa
And the following shall be the Of
hcers:
President, William G. Kane, post
office. Marshalltown. Iowa.
Vice president - postoffice -
Secretary, Ethel H. Hamacher, post
office, Marshalltown, Iowa.
Treasurer, Ethel H. Hama cher, post
office Marshalltown. Iowa
All officers Of this corporation shall
hold office for the term of one year OF
until their SUCCESSORS are elected anc
have qualified. Every director shall BIZ
a stakeholder and if any director shall
sell or transfer iiis-stock IN this cor
peration he shall at once cease to be z
1director. The board OF directors may
fill all vacancies occurring in its mem
bership between annual elections b!
the appointment Of qualified persons Il
hold office for the remainder OF tn.
term. Special meetings of the stock
holders may be called at any time. b.
the president giving five days motto.
in person or in writing to the stock
holders and shall be called by him a
any time upon the written request o
stockholders representing 80 shares o
stock to the amount Of 40 shares ma.
Join In call of the stockholders. which
meeting shall be the same as though
called by the president. At all meet
ings Of the stockholders each stock
holder shall be entitled to one vote 70
each share % stock held BY him, wilicl
vote may be cast in persons or by writ
ten proxy.
Z. The highest amount of indebted
ness to which this corporation may a
any time subject itself shall not ex
coed two thirds of its paid-up and out
standing stock.
s.. The private property Of the stock
holders shallsbe exempt from corporal
liability except to the extent and in tn
manner provided by the laws of tn
state Of Iowa.
9. The corporation may make an
alter bylaws at pleasure, and ma
authorize the board of directors to d
so, subject to such restrictions as ma
be deemed advisable.
10. Amendments, to these article
may be made at any annual meeting Q
the sttoc ikiiiioii5c-s , or at spec!e! meet
ing called for that purpose. two third
Of all stockholders in interest votin
for such amendment. 49,
KANE LAUNDRY COMPANY.
BY william G. Kane, president.
1,kv. rr