Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-21

Notice OF Amendment to Articles Of
Incorporation Of Lsnnox Throatlsss
Shear Company, Including Change
Of Corporate Name to "MarshalItown
Manufacturing Company"
Notice is hereby gwen:
That at a special meeting OF the
stockholders OF Lennon Throatless
Shear Company of Marshalltown. Iowa,
held at its office in MarshaltoNn,
Iowa, on July l. 1915. called for the
purpose OF amending its>articles Of In
corporation. he said articles were
amended in tire following particulars:
ARTICLE L.
Article l WAS amended by striking
out the words The Lennox Throatless
Shear Company and inserting and
adopting in heI thereof 'Marshalltown
manufacturing Company"
Article " HasSamend1G by striking
out all of the former Article Nv and
inserting and adopting the following in
lieu thereof:
ARTICLE ~
The private property Of the owners
Of stock in this corporation shall be
exempt from corporate liability, ex-
cept to the extent and in the manner
provided by the laws of the State ot
Iowa, 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 adopting the following
in lieu thereof:
ARTICLE V.
The object Of this corporation ana
the general nature Of its business 10
be transacted shall be the erection,
maintenance and operation OF foun-
dries, machine shops and kindred
manufacturing plants and enterprises;
the purchase. manufacture. sale and
distribution Of sheet metal workers
and manufacturers tools, machinery
and appliances. including throatless
shears and devices and machines Of
similSr natSrs: 4nd furnaces - for
heating and sother purposes. and gen
eral cast iron products; and guases
and other registering devices and APP
pliances and steam specialties; and
for the carrying on Of any other BUSH
ness incident thereto and necessary
to be operated In connection there
with and such as the board OF dlrec-
tors may see proper to engage In. Ano
1t claims the right to buy and hold
real estate for the purpose OF its own
business and to provide place or
places for the carrying. on Of Its bust
ness and for such other purposes as
may be consistent with the general
business that the corporation Is en-
gagged in.
And it claims the following addition
al powers:
To buy, hold, sell. lease. transfer, en-
cumber and otherwise handle both real
and personal property. All transfers.
conveyances and encumorances Of real
estate shall be by proper instruments
in writing signed and executed on be-
hal, Of the corporation By the president
and secretary Of the corporation: or.
in case OF the refusal or disability OF
such officer, by such officer OF persons
as the Board Of Directors may desis-
nate, but all conveyances. transfers.
leases or encumbrances Of the real
estate Of the corporation shall be made
onlv after due authorization by the
Board Of Directors.
To have perpetual succession:
TO sue and be sued by its corporate
name;
TO have a common seal which it may
alter at pleasure:
To render the interests o. the stock
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-
raj persons: :,
To establish bylaws, and make all
rules and regulations necessary for
the management Of its affairs"
Article vi was amended by striking
out all Of the former Article vi and
inserting and adopting the following
in lieu therof: -
ARTICLE VI.
The authorized capital stock Of this
CORPORATION is 3200.0Q000, all of which
shall be common stock, divided into
1000 shares Of 10000 each. The par
value Of all stock shall be fully paid
to the corporation In money or prop
erty before the stock Is issued. and the
stock Shall be non assessable. The
stock can only be transferred on the
books OF the company on the surrender
Of the original certificate, and new
stock issued in its place. The capital
stock a. named may bs increased by
a vote of a majority in interest Of all
the stockholders: and the additional
shares Of stock shall be offered to the
existing stockholders proportional to
their holdings and 1t not less than the
par value thereof"
Article VII was amended by strik-
ing out all Of the former Article VII
and inserting and adopting the follow
ing in lieu thereof:
ARTICLE VII.
y. The business and prudential affairs
Of this corporation shall be conducted
nv board OF Ave directors who must
he stockholders and who shall hold
their office for one year. and until
their successors are elected and quail
ned; and such directors shall from
their own number at their hrst meet
Ing in each year elect president.
7, Vice president, secretary and treas
urer, respectively. Of said board ct
directors and. corporation. Each such
onicer shan h0Id his Office Tor one year