Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-05-10

20 act promptly In response TO eaid
request. tho said majority OF directore
or the said twenty (eo%) per cent IN
number OF stockholders, ~ the cAse
may be, may, over their own sigma
lures give notice Of the meeting sub
stantially az above.
One NTH In number OF the stock
holders, pre,cnt In person. shall con-
stitutc a quorum for the transaction
OF business. Tut a less number may
Nadjourn To a liked date. notice oi
which action shall be given TO al
stockholders, the notice being adj
dressed and mailed to each stock
holder at least ave days prior to the
date liked for the adjourned meeting.
| ARTICLE VII.
1 The affairs or this corporation shall
be managed and controlled by a board
OF nine 90 directors. who shall be
elected each year at the annual meet
Ing OF the stockholders, These di.
rcctors shall bo elected nv ballot. ana
II shall require a majority vote of AL
stockholders present and voting ia
elect. They shnl, hold cfric. for one
year and until their SUCCESSORS are
| elected and qualified. unless sooner re-
moved by death, resignation or other
| wise. No one not n stockhoider ~
eligible 10 election as director. ana
any director ccasing to be stock
holder. Thereby forteits HIS office ~
! director. IL vacancies occur In the
board OF directors from any cause tac
same may he filled by a majority vose
| OF the remaining directors, and the
| persons thus elected 10 fill vacancies
shall hold ofrlce until the next an
| nual meeting and until their sue
cessors are elected and qualified.
| Annual meetings OF tic board OF
| directors shall Be held Immediately
| following the annual meeting OF the
stockholders Zach year. and at the
same place: and other regular meet
!ngs of said board shall be held on
| the second Tuesday OF each month,
Special meetings OF said board may
| be held at any time on the call al the
president or On call signed by four
| "a or more Of the directors, due
| notice OF the proposed meeting pe'hs
! mailed to each director at least 'hree
| (O days before the meeting. :.
A majority OF the directors shall
| constitute quorum for the trans
action of business, but less numpcr
| may adjourn a meeting to another
date, In which case due notice OF
such action shall be mailed to the
directors not present at the meeting
| where such action was taken.
The office OF any director failing 10
attend two ,g) consecutive reguiar
| meetings shall be declared vacant
unless such absence is excused 10y SsS
board,
ARTICLE vIIT.
The officers Of this corporation
shall be a president. a wee president,
| n secretary and treasurer. all OF
! whom must b. directors, and ali Oh
| whom shall ne elected annually oy
the board of directors immediately
after the annual meeting OF the stock
holders. The election Of said Officers
/ shall be by ballot. and Il shall REQUIRE
| a majority vote of the directors 10
! elect Said officers shall hold thelr
Offices for one year and until their
successors are elected and qualineo'
| unless sooner removed by death.
| resignation or otherwise. II vacancies
occur in any OF said offices from any
cause the same may be filled by
majority vote Of the directors eN
| pressed by ballot va above specihso'
| The offices Of secretary and treasurer
may be held by the same person. AZ
| the discretion Of the board OF al
rectors, under the official title Oh
! secretary treasurer
| The president shall preside NJ al
meetings of the stockholders ana OF
the board of directors; and shan sign
| oil certificates of stock and warrants
] on the treasury. He shaii also hsn
ALL contracts. bonds. notes, mortgages
deeds. leases and other instruments IN
| behalf of the corporation. Al leas' one
month prior to the annual meeting Oh
the stockholders he shall appoint
| speclal committee Of three stockholders
| 10 examine the books and accounts OIL
| tho secretary, OF the treasurer and OF
any manager or agent of the corpora
ton. and with the consent OF the
directors he may employ an account
| ant to examine and audit any or an u,
said books and accounts. Ana ne shh'.
| submit full and complete report Oh
| the conditions and affairs OF the cor
| poration to the stockholders at ehch
! annual meeting And the president
| shall perform all other duties usually
| required OF such an officer.
In the absence OF the president. or
by reason Of his inability to act, the
| Vice president shall preside at all OF
said meetings and shall perform all
other duties pertaining to the onice
of president.
In the absence OF both the president
and vice presid dent at any OF said meet
inss a temporary presiding officer may
he selected by the board of directors or
| bv the meteing from the body OF its
membership.
The secretary shall give and serve
| proper and timely notice OF all meet
| ings of the stockholders and of the
directors: shall keep a true record OF
| tho proceedings of all said meetings
and OF all official acts of the corpora
ton: shall counterslgn all certificates
| of stock. deeds. leases. orders and
other papers and INSTRUMENTS OF the
corporation. aTix!ns to such papers
and Instruments as may require It the
seal of the corporation. He shall also
| keep n true and complete record OF all
| stock issued, transferred, pledged or
| 1OTIelteu' sHaii pay WV w. w" ''''''
urer Immediately all money coming
into his hands from the sale or
issuance OF capital stock or from other
sources, taking the treasurers receipt
therefor: shall render 10 tiu 11,,GToS:c-s
whenever required by them correct
report of the business and affairs OF
the corporation: shall make a full and
complete report OF the condition,