Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-05-03

or. the said twenty (2ost) per cent in
number OF stockholders, ~ the case
may be. may. over their own sigma
lures. give notice Of the meeting sub
stantially as above.
one fifth in number ~ the stock
holders, present in person, shall. con-
| stitute "a quorum for the transaction
OF business. hut a less number may
| adjourn 10 a liked date, notice OF
which action shall be given to all
stockholders 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 shall
be managed and controlled by board
OF nine 90 directors, who shall be
| elected each year at the annual meet
ing of the stockholders. These di-
rectors shall be elected ny ballot. ana
II shall require a majority vote of all
stockholders present and voting 10
elect. They shall hold cffice for one
year and until their successors are
elected and qualified, unless sooner re-
moved by death, resignation or other
wise. No one not stockholder IL
eligible TO election as director, ana
any director ceasing to be stocA-
holder. THEREBY forfeits his office az
director. IL vacancies occur In the
board of directors from any cause the
same may be filled by a majority vote
of the remaining directors. and the
persons thus elected to fill vacancies
shall hold office until the next an
nuaI 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 ach year, and at the
same place: and other regular meet
lngs 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 OF the
president or On call signed oy FOUR
ip or more Of the directors, due
notice of the proposed meeting oeihb
mailed TO each director at least three
(S) days before the meeting.
majority Of the directors sha!i
constitute a quorum for the trans
action of business. but less NUMBER
NAV adjourn A meeting To announcer
date. in which case due notlce oi
such action shall be mailed 10 inc
directors not present az the meeuhs
whore such action was taken.
The office of any director failing 10
attend two ,2D consecutive reguiaN
meetings shall be declared vacant
unless such absence is excused oy the
board
ARTICLE VIII.
The officers OF this corporation
shall he a president, vice president,
a secretary and q treasurer all o.
whom must BE- directors. and ali Oh
whom shall Ae elected annually D!
enc hoard of directors Immediately
after the annual meeting OF the stoeN
y,,,4o-e The election Of said officers
shall he by ballot, and it shall require
!, majority vote of the directors 10
eIect said officers shall hold their
offices for one year and until tneir
successors are elected and qualiheo'
unless sooner removed by ueati'
RESIGNATION or otherwise. III Vacahc'e'
occur in any OF said offices from any
cause the same may Dc nIieu oS
ma io-ity vote OF the directors
dressed by ballot as above spec'''eu
Tho offices of secretary, and 'reasu'e
may be held by the same person a.
tbs discretion OF the board OF u
FACTORS under the. official tue Oh
secretary treasurer. =,
Tho president shall preside AT an
meetings of the stockholders ana OIL
,bc hoard of directors: and shan sign
al, certificates of stock and warrants
- ,he treasury. He shall also sign
an covtracts bonds, notes, mortgages
leeds leases aud other instruments IN
totaI, NJ the CORPORATION. At least one
Month prior TO the annual meeting Oh
the stockholders he shai aPpoin,
special committee OF three stoSNhoioe
70 examine the books ana accounts
the secretary, OF the treasurer anu "a
any manager or agent OF the CORPORA
tim. and with the consent VI ''ie
directors he may employ an account
ant IN examine and audit any or all vi
said hooks and accounts. And ne shail
snbnit n full and complete report Vi
tho conditions and affairs of the cor
nora,,on to the stockholders at eaci
annual meeting. And the president
shall perform all other duties usually
ranuired of such an OFFICER.
In the absence of the president, OF
nv reason of his inability TO act the
yice-president shall preside at all OIL
said meetings and shall perform all
other duties pertaining to the office
of president.
In the absence Of both the president
and vice president at any of said meet
,pps temporary presiding officer may
he 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
ines 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 countersign all certihcates
Of stock. deeds. leases, orders ana
either napers and instruments of the
corporation. affixing to such papers
and instruments as may require 1t the
seal of the corporation. He shall also
keep a true and complete record OF all
stock issued, transferred, pledged or
forfeited; shall pay over to the treas
nrer Immediately all money coming
into his hands from the sale or
issuance of capital stock or from other
sources. taxing the treasnrer's receipt
therefor: shall render to the directors
whenever required by them correct,
report of the business and affairs of
the corporation; shall make a full and
complete report of the condition,
business and affairs of the corporation.