Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-05-17

dent or secretary shaIl fail or refuse
to ~act promptly In response to said
request. the said majority OF directors
or the said twenty (20%) per cent In
number OF stockholders, ~ the case
may be. may. over their own signa :
lures. give notice Of the meeting sub
stantially as above.
One NTH In number ~ the stock
holders. re,cnt In person. shall con-
sti,ute quorum for the transactio"
OF business: hut q less number may
adjourn TO u axed date, notice OF
which action shall be given to all
stock holders the notice being ad-
dressed and mailed to each stock
holder at least Ave days prior to the
date fixed for the adjourned meeting.
ARTICLE VII.
The affairs of this corporation shal
be managed aud controlled by a board
OF nine 90 DIRECTORS, who shall be
elected each yearNat the annual meet
ing OF the stockholders. These di I.
rec:e.s s;..i,s!n! se elected nv ballot. anu
1t shall require a majority vote OF all
stockholders present and voting To
elect. They shall hold office for one
year and until their successors are
elected ard qualified. unless sooner re-
moved by death, resignation or other-
wise. No one not stockholder IS
eligible to election as director. ana
any director ceasing TO be STOCK :
holder. THEREBY forfeits his office as
director. IL vacancies occur In the
board of directors from any cause Tic
same may be filed by majority vote
OF the remaining directors, and the
persons thus elected to fiji vacancies
shall hold office until the next an
nual meeting and until their sue
cessors are elected and qualihed.
Annual meetings of tie board OF
directors shall be held Immediately
following the annual meeting OF the
stockholders each year, and at the
same place; and other regular meet
;ngs of said board shall be held OF
the second Tuesday OF each month
Special meetings of said board may
be held Mt any time on the call of the
president or On call signed by four
"a or more Of the directors, que
notice Of the proposed meeting oe'hs
mailed to each director at least three
CD days before the meettng -,
A majority Of the directors shai'
constitute a quorum for the trans
action of business, but a less NUMBER
may adjourn i meeting to ano'ne.
date. in which case due notice o.
such action shall be mailed 10 the
directors not present at the meeuns
where such action was taken.
The office Of any director falling 10
attend two ~ consecutive resuiar
meetings shall be declared vacant
unless such absence Is excused by the
board
ARTICLE WI.
The officers OF this corporation
shall be a president, vice presiueht.
n secretary and q treasurer all Oh
whom must be directors. and all OF
whom shall ne elected onnually oy
the board or directors iiIi'Iec!a
after the annn:i meeting OF the STOCK
holders. The election of said ohicers
shall be by ballot. and it shall require
a majority vote Of the directors "
elect. Said officers shall hold .heir
offices for one year and Until their
SUCCESSORS are elected and quaIheo'
unless sooner removed BY dea.h'
resignation or otherwise. IL vacancies
occur in any OF said offices from an!
cause the same may be filled BY
ma iority vote OF the directors ex-
dressed by ballot as above specineo.
Tho OFFICES of secretary. and treasurer
NAV no held LIZ the same person, AT
the discretion OF the beard OF al
rectors, under the Official uue :"
secretary treasurer. n
The president shall preside a.
meetings of the stockholders anu VI
the board of directors; and snaii sign
al, certificates OF stock ana warrants
on the treasury. He SHAH also sieu
all contracts bonds, notes, mortsasSs'
deeds leases and other instruments III
behalf of the corporation. AT least one
month prior to the annual meeting Oh
the stockholders he shall appoint.
snscia} committee of three stockhoioers
~ examine the books and accounts Oh
the secretary, OF the treasurer ana OIL
ary manager or agent OF the corpora
ton. and with the consent OF tne
directors he may employ an account
an, to examine and audit any or all o.
sa;d hooks and accounts. And ne shaiI
submit a full and complete report OF
the conditions and affairs OF the cor
norat,on 10 the stockholders at each
annual meeting. And the president
shall perform all other duties usually
required of such an on1cer.
In the absence Of the president or
by reason of his inability to act. the
vice-president shall preside at All o.
said meetings and shall perform al
other duties pertaining to the Office
Of president
In the absence Of both the president
and vice president at any OF said meet
;ngs a temporary presiding officer may
be selected by the board OF directors or
nv 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 true record OF
the proceedings of all said meetings
and OF all official acts Of the corpora
ton; shall conntersign all certincates
OF stock. deeds. leases, orders ana
other papers and Instruments OF the
CORPORATION, affixing to such papers
and instruments as may require 1t the
seal of the corporation. He shall also
keen a true and complete record OF all
stock issued, transferred, pledged or
forfeited: shall pay over to the treas
urer Immediately all money coming
! INTO MS nan1s iTosssi sS:s or
issuance OF capital stock or from other
I sources, taking the treasurers receipt
therefor: shall render to the directors
| whenever required by them a correct
report OF the business and affairs OF
the corporation: shall make full and
complete report of the condition.