Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-07

Notice Is hereby given:
That at special meeting OF the
tOckholders of LennoS Throatless
Shear Company of Marshalltown, Iowa,
held at its office in MarshaIltown,
Iowa. on July /, 1918, called for the
0rpose of amending its articles of in
Rporauon, The said articles were
YaDended IN tEe following particulars;
/ ARTICLE /.
Article Z was amended by striking
1DR8 H. words THE LennoS Throatless
kooeAr Company" and inserting and
IadApking in lieu thereof ''Marshalltown
Misunderstanding Company"
Article " was amended by striking
lent all OF the former Article " and
Inserting and adopting the following in
'lisu thereof:
1 ARTICLE "
The private property Of the owners
lO3 stock in this corporation shall be
lcxsmpt from corporate liability. en-
lcept to the extent and in the manner
Ipe0v4ded by the laws OF the State OF
lIOwA, and this article cannot be alt
cred or amended
Article V was amended by striking
OUT all OF the former Article V and
inserting and adoDupS the following
in lieu thereof:
4 ARTICLE V.
Tho object Of this corporation ana
the general nature Of its business 10
tbe transacted shall be the erection
maintenance and operation OF foun-
dries, machine shops and kindred
manufacturing plants and enterprises
the purchase, manufacture, sale ana
distribution of sheet metal workers
and manufacturers tools, machinery
and appliances including throatless
shears and devices and machines OF
similar nature: and furnaces Tor
heating and other purposes, and sen-
eral cast iron products; and guaSeS
and other registering devices and APP
pliances and steam speClaueS; ana
for the carving on of any other bust
ness incident thereto and neceSSar!
10 be operated in connection ther~
with and such as the board Of dlrer-
tors may see proper to engage in Ana
il claims the right to bur and hoId
real estate for the purpose OF its own
business and to provide a pace q
places for the carrying on of It's puSI-
ness and for such other purposes as
NAV be consistent with the general
business that the corporation Is en-
gagged in.
And it claims the following addition
a, powers:
To buy, hold, sell. lease, transfer. en-
: cumber and otherwise handle both Tca!
and personal property. All transfers
conveyances and encumbrances OF real
estate shall be by proper instruments
in writing signed and executed on ne
half of the corporation b. the president
and secretary OF the corporations or.
in case Of the refusal or Disability ~
such officer, by such officer or persons
IS the Board Of Directors may desl2-
rate. but all conTeyances transfers,
leases or membranes Of the real
estate of the corporation shall nc mace
only after due authorization by Inc
Board of Directors.
To have perpetual succession:
To sue and be sued by its corporate
name:
To hay. a common seal which il may
hitter at pleasure;
To render the interests o. the sloCN-
holders transferable:
To exempt The private property OF
its members from liability for corpo-
rate debts, except as otherwise de-
clared:
To make Contracts, acquire and
transfer property, - possessing the
Same power in such respects as natu-
yal persons; ~
To establish bylaws, and make all
rules and regulations necessary 1or
the management of its affairs.
Article VI was amended by striking
'
inserting and adopting the following
in lieu Thereof:
ARTICLE VI.
The authorized capital stock Of TINS
cornoratiop is s200,co0.0o, all Of when
shall be common stock, dlNloea NJ
:, ooo shares of 800. 90 each. The par
value of all stock shall De luiis pa"
10 the CORPORATION in money or prop
erty before the stock is issued ana ."S
stock shall he non aSseSsapie' ~
stock can only be transferred on .'N
hooks Of the company on the sNirenu,l
or the original certificate ana NJ"
stock issued in its place. Inc capl,a
stock as named may De lncrea'eu
a vote of a majority in interest u o."
the stockholders; and the aduiVio',"'
shares of stock shall be ohered ~ '"'
existing stockholders proportuh"' ~
their holdings and at not less IMAM I''e
par value thereof. ,-
Article VII was amended by SUN
;,- ont all OF the former Article
and inserting and adopting the loil'"
ing in lieu thereof:
ARTICLE VII.
Tho business and prudential AFFAIRS
of this CORPORATION shall be conducted
h,, q board Of five directors VINO hiuH,
he stockholders and who shall ho'u
tbe;r office for one year ana III,
the;r successors are elected and guam
fed: and such directors snail l'o'''
tbeir own number at their hrs' meet
ing in each year elect preSldeh''
4 yice- president secretary ard treas
urer. respectively, Of said b"ard %
directors and corporation. Each such
officer shall hold his office for one !e1r
and until his successor is elected anu
,naIf<ed Any member OF said boar'
Of directors may hold one or NOR"
offices as above indicated. The treas
urer may be required by the board Oh
diyectors. II deemed cxpedient. to give
a. bond In such sum as they may deer'
necessary. Said directors snail nave
tho right and authority to fill any va
cancy in the offices of said corporation
and elect such other officers an"
agents, Of said corporation as IN their
Judgment may be for the best interests
~ said corporation"
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