Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-11-21
Aar,cLss OF INCORPORATION.

We, whose names are hsrsto sub
scribed. hereby associate ourselves
into q body corporate under the pro-
visions of Chapter L, Title TX OF tho
Code of Iowa, and acts amendatory
thereto, assume all powers. rights and
privileges granted bodies corporate un-
der said chapter and title. and do here
by adopt the following articles OF In
ARTICLE I
Y The name Of this corporation shall
b. tho Marshalltown School Coach ana
Bedy thanksgiving Company.
ARTICLE II.
It's principal place Of business shay
be In the city Of Marshalltown, Mar.
shall county, Iowa. I'll may establish
branch offices and plants In any other
city or town In the United States or In
foreign countries. Ns
~. 49, ARTICLE III.
The object Of this corporation IL to
Sloa general manufacturing business
and deal In any and all kindred lines
Of business which may DO conducted
Herewith, TN may handle school
coaches, truck bodies. farm machinery,
Ghd engage In both retail and whole
sale, and such other business as the
board Of, directors may determine,
II may buy. own. SELL mortgage,
leAs6 land convey both real and per-
soual property.
All conveyances of real property OF
dealings therein q any nature shall be
authorised by the board Of directors
and be executed by the resident or Woe
president and secretary Of the corpor-
alton, with its corporal seal. II the cor
poration has sedl.
All mortgages, releases Of mortgages.
liens, judgments or other claims that
record, may be executed by the prest-
dent, vice president or secretary OF the
corporation.
ARTICLE w.
+ The corporate period Of this corpor-
alton shall begin on the date OF issu-
ance OF its certificate Of incorporation
by the secretary Of the state OF Town.
and shall terminate at the expiration
Of twenty years from said date unless
sooner dissolved by q majority vote OF
It's stockholders at any annual meet
in1 or any special meeting properly
called for that pnrposC. Said corpora
ton may be renewed as provided by
law.
The amount Of capital stock author
lied is one hundred thousand dollars
(31oo. 900 .0o). divided into shares Of one
hundred (s10o.0o) dollars each. F-
No stock shall be- issued until the
corporation has received payment In
full therefor at par In cash or prop
erty; provided. however. that when
stock is to be issued for anything other
than money. 1t must be subject to the
approval Of the executive council OF
Iowa, as provided In Section 1641-B OF
the Supplement to the Code Of 1913.
and any amendments thereto.
Tho capital stock authorized may be
Increased by vote three-fourths inter
est Of all stockholders by the adoption
Of an amendment to these articles.
When the outstanding capital Is In
creased the additional shares shall be
offered to the existing stockholders
proportionately 70 their holdings. at
not less than par.
The corporation may commences
business as soon as one hundred shares
OF stock have been issued.
"a ARTICLE vi.
The affairs Of this corporation shall
be managed by q board Of not less
than thrive n1r more than fifteen di-,
rectors, who shall elect q president.
vice president. secretary and treasur.
ar, and such other officers as may be
required as provided In the bylaws Of
the corporation.
The annual meeting, Of the stock
holders shall be held at the offices Of
the corporation in the city of Mar
'shalltown. Iowa, on the" End OF Janu-i
airy, 1920, and until the first ANNUAL
/, election, which shall be held on the
second day of January. 1920, the tol-
lowing named persons shall be the d.
rectors of the corporation: J. 8. Barry
and Frank. Dursee. and the following
named persons shall be officers:
J. S. Barry. president and secretary.
Frank Dursee. vice president and
treasurer. y
All officers Of tn ecorporation shall
hold office for tho term OF one year,
or until their successors sare eaected
and qualified. Every director shah be
. stakeholder. and e any director shall
sell or transfer his stock In this cor
poration he shall at, once cease to be
. director. H@&s III, ~
Z The board Of directory may I'm va
cancies occurring In. ~ membership
between annual meetings Of the stock
holders by appointing qualified persons
TO hold office for the remainder OF the
term.
Special meetings Of the stockholders
may be called at any time by tho
president giving ten days notice in
person, or In writing addressed to thP
"a - 80 hoJA
ers. and shall be called by him AT any
time-upon request Of one-tsnth of the
capital stock issued and outstanding,
and in case sof his neglect or refusal
the parties representing one-tenth OF
the stock issued and Outstanding may
Join in . call Of the stockholders, which
meeting shall be lawful ana valid.
stockhalders shall be entitled to one
vote for zach share Of stock held by
them. ~ stakeholder may cast his
vote In person or By proxy: written
proxies 60 u yaNd mnst - filed with
the secretary Ut least thirty and not
more than sixty days before 3 regular
or special meAting Of the 1tockhoidsrs
It which time they ars 20 b used
Thsy shall become Invalid aftsr thirty
, days from the date Of such meeting. /
The corporation shah have ~ Hen
upon the stock Of any Of the stoskhold.
err for any debt to tho corporation, and
In case the stoekholdsr u "a debt 20
me corporation he may only vote the
balance Of his stock above the debt
and the amount OF the debt shalt not
be counted al stock present at any
meeting Of the stockholders.
The corporation reserves the right