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

set forth herein. and whose names are
hereto subscribed. hereby associate
| ourselves into body corporate under
| the provisions OF chapter l, title lN. OF
/ the Code Of Iowa, and acts amendatory
thereof. particularly sections l6f-rl to
! ls4l-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
/ be Farmers Cooperative Exchange.
ARTICLE II.
Its principal place of business shall
be at Haverhill. Iowa. IN the county oil
Marshall and state OF Iowa. with the
right TO maintain subordinate branches
/ thereof anywhere within the state oil
Iowa.
ARTICLE III.
The object and purposes OF the COR
poration are as 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-
ta1ies and other farm and garter.
products: TO 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
mcrs engaged in farming. includtns
lots or stocks of goods. wares and
mere handise: and to mine and marker
coal and other minerals and mineral
products.
In carrying out its purposes the
corporal ion 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 ner-
, chandise and farm supplies OF all
kinds and all other facilities. con-
yeniences. building. structures and
equipments necessary or proper to the
carrying out OF the said purposes OF
this corporation 81 .~z
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 its pur-
poses and in conducting its enter
price,. II shall have the right to hold.
improve. mortgage. lease. sell and
convey such real estate. And it shall
also have the right to take. accept.
buy. sell, make issue and execute
contracts. notes. due-bills. 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 (s25.0o000) dollars. di-
vided into Ave hundred shares OF fifty
| $4,000 dollars each.
! The corporation may commence bust
ness when not less than Ave thousand
t5 10000 dollars in stock has been
| issued.
No stock shall be issued until the
corporation has received payment in
I P,,yi a. NJ in n
erty: provided that when stock is tc
money the issuance must first be ap.
proved by the executive council OF
Iowa in accordance with the provision:
OF amendatory section ls41-b OF the
Code Of Iowa.
Shares Of stock are transferable or
| the books OF the corporation: but ne
| person or concern shall at any time b.
permitted to subscribe for. purchase Of
Town to exceed one thousand 81, 900 90
dollars in par value of the capita
stock: and no stakeholder shall be per.
nitted to sell or transfer his stock Il
dn0tfisr person or concern without frs,
| giving this corporation opportunity T.
purchase the stock.
| The stock OF this corporation sh IL
4 be non assessable.
ARTICLE V.
/ The corporate period of this corpo
ration shall begin on the date the sec
! retary OF state issues a certificate o
incorporation, and shall terminate a
{. the expiration % t%siisyisvI year,
from said date. unless sooner dissolved
by a two thirds CD vote Of the stock
holders at an annual meeting. or at
special meeting called for the purpose
or by unanimous consent. as provided
by law. All rights OF renewal unde
the law, however, are hereby reserved
| ARTICLE VI.
1 Annual meetings OF the stakeholder
shall be held on the second end
! Tuesday OF January Of each year, q
the principal place Of business Of TN
Icorporation- Each stakeholder, shal
be notified OF the time and place Q
each annual meeting by written Y
4 printed notice properly addressed an
deposited in the postoffice by the sec
i rotary at least five (5) days immediate
1 Iy prior to the date OF the meeting.
Each stockholder shall be entitled t
cast one vote on all questions present
ed At the stockhoiders' meeting, includ
ing the election of directors; and tn
iyoting power OF 8 stakeholder shall = b
! limited to one vote. irrespective OF tn
number OF shares owned by such stock
holder.
4 Special meetings OF the stockholder
shall be called blythe president upo
written request signed by majorit
1 Of the directors or by not less tina
twenty (20%) per cent in number Q
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