The Denison review. [volume] (Denison, Iowa) 1867-current, 1919-12-24
P. j. KLINKER.
ARTICLES or INCORPORATION
OF the Farmers Union Exchange o
DenlsOn, Iowa Il


DenlsOn, Iowa i
Notice is hereby given that the under
signed have formed a corporation for
the purpose and subject to the condt-
tions as fellows:
ARTICLE
The name of the incorporation shall
be Farmers Union Exchange" and its
principal place of business shall be at
Denison, Crawford county, Iowa..
ARTICLE II
The general nature Of the business TO
be transacted by this exchange shall
consist in buying and selling and deal
ing in all kinds of farm and dairy prod
ucts, cattle, swine, sheep, poultry, dry
goods, boots and shoes, groceries, hard-
ware. farm implements, lumber, tile,
stone, brick and, all kinds Of building
material. fuel, grain and real estate
and dealing in all kinds of merchandise.
and in buying and selling all such kinds
of property on commission or otherwise.
II ARTICLE III. .
i The capital stock shall be at the be-
ginning Of the business of this incor-
poration not less: than seven thousand
($7, 900. 0O) dollars, paid in at such begin
ming, and may be increased from, time
to time and not to exceed $50, 100000 on
the issuance Of shares of stock to pur-
chasers becoming !, members. the said
shares to be twenty-five l&25.00) dollars
each and no member shall, at any time,
own or have interest in more than ten
IO) shares, except by twO-thirds vote
~ the stockholders Of this incorpora-
ton. No shareholder shall have more
than one vote. nor vote more than one
~ proxy, in conducting the affairs Of
the corporation.
: ARTICLE w
The corporation shall commence bust
ness on the first day Of January, 1920,
and continue twenty (20) years, with
the right of renewal.
ARTICLE v
The affairs of this corporation shall
be conducted by the following officers,
after their election and qualification, to-
wit: A president, vice president, a
secretary, treasurer, and nine direct
ors. They shall be elected on the first
meeting in each year and annually
thereafter. They are to hold their Of.
fees until their successors are elected
and enter upon, the duties of their Of
fees. All vacancies are to be filled by
the board of directors. None but mem
bers of the corporation shall be such
officers and, until first election, others
as may before ,sucflf election become
members, shall conduct the affairs of
the corporation as a board of directors.
e s s7 ARTICLE VI Z, .E
The officers of this corporation shall
have the power to employ general
agent to transact the business for and
in the name of the corp0ration; this
general agent shall act under the direc-
ton and control of such officers and be
employed for such time as may be
agreed upon between him and such Off
GERS. *. Nh M
The officers elected to hold until the
first annual meeting are: President, G.
A. Christensen, Denison; vice presi.
dent, Chas. Speck, Denison; treasurer,
s. William Evers, Denison; secretary,
f. F. Ranniger, Denison.
Ri ARTICLE VII.
This corporation shall at no time have
or subject itself to indebtedness exceed.
ing the amount of two-thirds of the
shares Of stock actually paid up. as
shown by the books Of the corporation.
L ys ARTICLE VIII
The private proper y of the members
and shareholders shat be exempt from
all the debts of this q operation, except
to the amount Of the shares Of stock
held by each respectively and all shares
shall be nOnasSessable. H.. ~
ARTICLE TX
This corporation may, at any time,
be dissolved by the vote Of majority
of all shareholders voting in favor of
such dissolution. 49, =
Dated this 26ths day Of November, 1919
C. A. CHRISTENSEN, Denison
CHARLES SPECK. Denison @
II. VIM. EVERS, Denison
F. r. RANNIGER Denison
NJ. J.. CONWAY, Denispn
II. ]. THEISSEN, Denison
r. A. LILLEHOLM, Denison
FRANK gHOULIHAN,, Denison
A. M. SONNICHSEN, Denison
w. E BAER, Denison 81
JOHN SCHLIMMER, Denison
THEO. C. BLUME, Schleswig
w. r. LUCK, .DenisQn
State of Iowa, Crawford county, IS.
On this goth day of November, 1919,
before me personally appeared G. A.
Christensen, Charles Speck. F. VIM.
Evers, F. F. Ranniger, M. J. Conway,
H. j. Theissen, r. A. Lilleholm, Frank
Houlihan, A. NJ. .Sonnichsen. w. E.
Baer, John Schlimmer, Thee. c. Blume
and w. r. Lueck, to me known to be
the persons named in and who executed
the foregoing articles of incorporation
Of the Farmers Union Exchange of
Denison, Iowa" and acknowledged that
they executed the same as their volun-
tary act and deed.
E. NJ, HUGO,
Notary Public
scat In and for Crawford county, Iowa.