The Denison review. [volume] (Denison, Iowa) 1867-current, 1919-12-10
One Cent Per Word Each Insertion
ARTICLES OF INCORPORATION !
ARTICLES OF INCORPORATION
OF the Farmers Union Exchange OF
DenisOn, Iowa

ARTICLES OF INCORPORATION
of the Farmers Union Exchange Of
DenisOn, Iowa
Notice is hereby given that the under
signed have formed a corporation fol
the purpose and subject to the condi
tons as fellows: 't' -
ARTICLE 1
The name of the incorporation shall
be Farmers Union Exchange" and its
principal place Of business shall be at
Denison, Crawford county, Iowa.
ARTICLE II
| The general nature of the business to
be transacted by this exchange shall
consist in buying and selling and deal
ing in all kinds Of farm and dairy prod
ucts, cattle, swine. sheep, poultry, dry
goods, boots and shoes, groceries. hard
| ware, farm Implements, lumber, tile.
stone, brick and all kinds of building
material, fuel, grain and real estate,
and dealing in all kinds Of merchandise,
and in buying and selling all such kinds
of property on commission or otherwise.
ARTICLE III
The capital stock shall be at the be.
ginning of the business of this incOr.
poration not less than seven thousand
paul III o. ouSIA OO5AAA'
ming, and may be Increased from time
to time and not to exceed 100000 on
the issuance of shares Of stock to pur.
chasers becoming members, the said
shares to be twenty-five ($25.GO) dollars
each and no member shall, at any time,
own or have interest in more than ten
1O) shares, except by two-thirds vote
of the stockholders of this incorpora
ton. No shareholder shall have more
80 n. ,1~vn 0tn
! ~ proxy. in conducting the affairs of
the corporations.
/ 80 ARTICLE w ~. {
I The corporation shall commence bust.
ness on the first day of January, 1920.
and continue twenty (20) years, with
| the right Of renewal. f-I (
r. = ARTICLE VII Il
| The affairs OF this corporation shall
be conducted by the following officers,
after their election; and qualification, to-
|iwit: A president, q vice president, a
secretary, a treasurer, and nine direct.
ors They shall be elected on the first
meeting in each year and annually
thereafter. They are to hold their of.
fees until their successors are elected
and enter upon the duties of their of.
fees. All vacancies are to be filled by
the board Of directors. None but mem:
bers of the corporation shall be such
officers and, until first election, others
as may, before such. election become
members, shall conduct the affairs of
the corporation as a board Of directors.
ARTICLE vi :
The officers of this corporation shall
have the power to employ general
agent to transact the business for and
in the name Of the corporations; this
general agent shall act under the direc-
ton and control Of such officers and be
employed for such time as may be
agreed upon between. him and such off.
GERS, ~ a., = t+.t ~,
The officers elected to hold until the
first annual meeting are: President, G.
A. Christensen, Denison; vice presi.
dent, Chas. Speck, Denison; treasurer,
S. William Evers. Denison; secretary,
F. r.. Ranniger, hDenison. . IL
ARTICLE VII
This corporation shall at no time have
or subject itself, to Indebtedness exceed
shares Of stock actually paid up, as
shown by the books of the corporation.
ARTICLE VIII
The private property OF the members
and. shareholders shall be exempt from
all the debts of this corporation, except
to the amount of the shares of stock
held by each respectively and all shares
shall be worcestershire. -
ARTICLE TX
This corporation may at any time
be dissolved by the vote Of a majority
Of all shareholders voting in favor q
such dissolution.
Dated this Goth day of November, 1915
C. A. CHRISTENSEN, Denison
CHARLES SPECk, Denison
+. VIM. EVERS, Denison
F. F. RANNIGER, Denison
/ M. J. CONWAY, Denison
| II. ]. THEISSEN, Denison
r. A. LILLEHOLM, Denison
FRANK HOULIHAN, Denison
A. NJ. SONNICHSEN, Denison
w. E. BAER, Denison
! JOHN SCHLIMMER, DenisOn
THEO. c. BLUME, Schleswig
w. F.. LUCK, Denison
State of Iowa, Crawford county, SIS.
On this Goth day of November, 1919
before me personality appeared G. A.
Christensen, Charles Speck, F. VIM
Evers, F. +. Ranniger, NJ. J. Conway
H. j. Theissen, r. A. Lilleholm, Frank
Houlihan, A. NJ. Sonnichsen, w. r.
Baer, John Schlimmer, Theo. C. Blume
and w. F. Lueck, to me known to be
the persons named in and who executed
the foregoing articles OF incorporation
Of the Farmers Union Exchange OF
Denison, Iowa." and acknowledged thai
they executed the same as their volun
tary act and deed.
| E. M. HUGO,
| .. -.r Notary Public
5O-4t In and for Crawford county. Iowa