Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-09-15
to be a director.

to be director.
The board of directors, may fill va
cancies occurring in its membership
between annual meetings OF the stock
holders by appointing qualified per
sons to hold office for the remainder
Of the term.
Special meetings of the common
stockholders may be called at any time
by tho president, giving ten (l0O days
notice in person or in writing address,
ed to the last known address Of the
stockholders. and shall be called by
him at any time upon request OF one
tenth Of the common capital stock is
sued and outstanding. and in case OF
his neglect or refusal, the parties rep
resenting One-tenth of the common
| stock issued and outstanding may join
| in a call Of the common stockholders
| which meeting shall be lawful and
valid.
Stockholders shall be entitled to one
| vote for each share of common stock
| held by them. A stockholder may cast
his vote in person or by proxy; writ
| ten proxies must, to be valid, be filed
with the secretary at least thirty days
| and not more than sixty days before
stockholders, at which time they are
| to be used. They shall become in
valid after thirty days from the date
of such meeting.
| The corporation shall have a lien
| upon the stock of any Of the stocknGld-
| ers for any debt to the corporal tjn,
and in case the stocl;holder is in debt
| to the corporation he may only vote
! the balance of his stock above the
| debt, and the amount of the debt shall
not be counted as stock present at any
meeting Of the stockholders.
The corporation reserves the right
to increase its capital stock at any
| time by an affirmative vote of ma
| jority Of its outstanding common
| stock. It also reserves the right to
| purchase it's preferred stock and retire
the same, at the times and in the man
ner provided in the bylaws Of the cor
| poration.
| ARTICLE VII.
| The highest amount of Indebtedness
| to which this corporation may subject
| itself at any time shall not exceed
two-thirds Of its paid up outstanding
capital stock.
ARTICLE VIII.
| The private property of the stock
| holders shall be exempt from corpor-
| ate Debts or liabilities except to the ex-
| tent and in the manner provided by
| the laws Of the state Of Iowa.
ARTICLE TX.
| The board Of directors shall arrange
| and adopt bylaws for the general OPP
| Grafton of the corporation, which may
| be changed or amended at such times
! as may be deemed advisable.
| ARTICLE X.
! Amendments to these articles may
be mad" at any annual meeting Of the
stockholders, or at a special meeting
called for that purpose, with a major
ity in interest Of the stockholders vot-
| ing for such amendments.
In witness whereof. we have here
! unto set our hands to the above and
;; foregoing articles Of incorporation. this
1lth day of July, A. D. 1919.
/ Ray +. Mcclure.
/ A. r. Cooper.
I H. w. Haywood
| State Of Iowa, Marshall county. SIS.
i Be it remembered that on the 18th
day Of July, A. D. 1919, before me, the
undersigned, w. T. Bennett, a notary
4 public, in and for said county, person.
\ ally appeared Ray F. Mcclure. II. w.
1 Haywood and A. r. Cooper to me per-
sonally known to be the identical per-
sons whose names are subscribed to
4 the foregoing articles Of incorporation,
and severally acknowledged the execu-
ton Of the same to be his voluntary
act and deed for the purposes therein
expressed.
Witness my hand and notarial seal
tho day and date ias: above written.
w. T. Bennett.
Notary public, in and for Marshall
Il county Iowa ts. NJ