Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-04-26
ARTICLES OF INCORPORATION,

the provisions of chapter /. title IN. OF
the Code OF Iowa, and acts amepdatory
thereof. particularly sections l6ti-rl 10
i6il-r20 inclusive; assuming all the
powers. rights and privileges granted
bodies corporate, and all the duties and
obligations imposed by said statutes,
and being bound thereby, adopting the
following articles Of incorporation. to-
wit:
ARTICLE !.
The name Of this corporation shall
he Farmers Cooperative Exchange.
ARTICLE II.
Its principal place OF business shall
he al Hayerhin. Iowa, in the county OF
Marshall and state of Iowa, with the
right to maintain subordinate branches
thereof anywhere within the state OF
Iowa.
ARTICLE III.
The object and purposes OF the cor
poration are do follows: To buy. SELL
sort. grade, ship, market and other
wise handle live stock, poultry, grain'
hay and other farm products; to store,
mill. grind, distribute, ship, sell and
otherwise handle grain and other farm
products: TO buy. sell. pack. can. manu-
facture, prepare, store. distribute. ship.
market and otherwise handle
meats. poultry and poultry prod
ucts, milk and milk products, grain
and grain products fruits. vege-
tables and other farm and garder.
products. 70 buy. ship in, house. sell,
distribute and otherwise handle lum-
Der building material, coal. fuel. feeds.
seeds. fertilizers. farm implements
farm machinery and all other articles
and supplies used or needed by far
mers engaged in farming. including
lots or stocks Of goods. wares ana
merchandise: and 10 mine and market
coal ANA other minerals and mineral
products
In carving out its purposes the
corporation shall have the right to
acquire. erect. build. install. maintain
and operate Stock-yards. market
places. elevators. warehouses;. grain
and feed mills ahattoirs, packing
plants. cold storage plants, ice plants
produce houses. creameries. canning
factories. light and power plants,
manufacturing and machinery plants,
store buildings and structures for mer-
chandise and farm supplies OF ali
kinds. and all other facilities. con-
venIences. building, structures and
equipments necessary or proper 10 the
carrying out of the said purposes OF
this corporation.
This corporation shall have the right
TO acquire title by deed or lease to such
real estate as may be necessary or
proper in the carrying out of it's pur-
poses and in conducting its enter
prices, 1t shall have the right to hold
improve, mortga ge. lease. sell ano
convey such real estate And it shai'
ai-u nave the right to take. accept
buy sell. make, issue and execute
contracts. notes. due-bilis, mortgages,
leases and other obligations and evil
dences OF Indebtedness necessary or
proper 10 the carrying out OF its pur-
poses and the conduct OF its business
ARTICLE ".
The amount of authorized capital
stock of this corporation is twenty
FIVE thousand 1925 10000 dollars. d.
vided into five hundred shares Of fifty
$4,000 dollars each
The corporation may commence ousi'
ness when not less than five thousand
rs, Ooo. G0D dollars in stodk has beer
issued.
No stock shall be issued until the
corporation has received payment ir
full therefor at par in cash or prop
erty: provided that when stock is tt
be issued for anything other thar
money the issuance must first be ap'
proved by the executive council OF
Iowa in accordance with the provision:
OF amendatory section l64l-b OF ths
Code of Iowa.
Shares of stock are transferable or
the books Of the corporations. but NJ
person or concern shall at any time d
permitted to subscribe for, purchase o.
own to exceed one thousand 100000
dollars in par value of the capita
stock: and no stakeholder shall be per
mitted to sell or transfer his stock Il
another person or concern without mrs
giving this corporation opportunity Il
purchase the stock.
The stock Of this corporation sinai
be non -assessable.
ARTICLE v.
The corporate period OF this corpo
ration shall begin on the date the sec
retary Of state issues certincate
incorporation, and shall terminate a
the expiration Of twentyt2O) year
from said date, ;:c!ess sooner dissolved
by two thirds (2-3) vote Of the stock
holders at an annual meeting, or at
special meeting called for the purpose
or bv unanimous consent. as provided
by law. All rights of renewal unde
the law, however, are hereby reserved
ARTICLE vi.
Annual meetings Of the stockholder
shall be held on the second emo.
Tuesday Of January Of each year,
the principal place of business OF Tn
CORPORATION. Each stakeholder shal
be notified of the time and place o
each annual meeting by written o
printed notice properly addressed AM
deposited in the postoffice by the sec
rotary at least FIVE 90 days immediate
" prior to the date OF the meeting.
Each stockholder shall be entitled t
cast one vote on all questions present
ed at the stockholders meeting, inciud
ing the election Of directors; and tn
voting power of a stakeholder shall y
limited to one vote, irrespective OF tn
number OF shares owned by such stock
holder
Special meetings of the stockholder
shall be called by the president upol
written request signed by a ma1or1t
of the directors or by not Jess thai
twenty (207e) per cent In number
the stockholders. The secretary shal
give written or printed notice OF an
such meeting. specifying the time an
place Of meeting and the purpos
thereof. and said notice shall be prop