Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-05-10
ARTICLES OF INCORPORATION.


We. whose names and residences are
set forth herein. and whose names are
hereto subscribed hereby associate
ourselves into a body corporate under
the provisions OF chapter |, title IN. OF
the Code OF Iowa. and acts amendatorS
thereof particularly sections l6tl-rl 10
l6il-r20 inclusive; assuming all the
powers, rights and privileges granted
bodies corporate. and all the duties ana
obligations imposed BY said statutes,
and being bound thereby, adopting the
following articles Of incorporation, to-
Wit
ARTICLE I.
The name OF this corporation shall
be Farmers Co operative Exchange.
ARTICLE II.
Its principal place of business shan
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 OF
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 ana
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 garden
products: to buy. ship in. house. sell.
distribute and otherwise handle inm-
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 and
merchandise and to mine and market
coal and other minerals and mineral
products.
In carrying out it's 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, abattoirs, 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 all
kinds, and all other facilities. con-
veniences. building, structures and
equipments necessary or proper to 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 it's enter
prices. 1t 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. e-bills. mortgages,
leases and other obligations and evil
dences of Indebtedness necessary or
proper to 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 (s25.00O.00D dollars. d.
vidcd into five hundred shares of fifty
$4,000 dollars each.
The corporation may commence bust
ness when not less than five thousand
(s5, 000.0 0) dollars In stock has been
issued.
No stock shall be issued until the
corporation has received payment in
full therefor at par. in cash or prop
erty; provided that when stock is to
be issued for anything other than
money the issuance must first be APP
proved by the executive council Of
of amendatory section l64l-b of the
Code of Iowa.
Shares OF stock arc transferable on
the books Of the corporation: but no
person or concern shall at any time be
permitted to subscribe for, purchase ov
own to exceed one thousand 10O0.00)
dollars in par value of the capital
stock: and no stakeholder shall be per-
mitted to sell or transfer his stock to
another person or concern without first
giving this corporation opportunity to
purchase the stock.
The stock OF this corporation hail
be worcestershire.
ARTICLE v.
The corporate period Of this corpo-
ration shall begin on the date the sec
rotary of state issues a certificate Of
incorporation. and shall terminate at
the expiration of twenty(2O) years
from said date, unless sooner dissolved
- = two-thrds (2-3) vote of the stock
holders at an annual meeting. or Mt a
special meeting called for the purpose.
or by unanimous consent. as provided
by law. All rights Of renewal under
the law. however. are hereby reserved.
ARTICLE VI.
Annual meetings of the stockholders
shall be held on the second (2nd)
Tuesday Of January Of each year, at
the principal place Of business of the
corporation. Each stakeholder shall
be notified OF the time and place OF
each annual meeting by written or
printed notice properly addressed and
deposited in the postoffice by the Sec
rotary at least five (5) days Immediate
ly prior to the date OF tine meeting.
Each stakeholder shall be entitled to
cast one vote on all questions present
ed at the stockholders meeting, includ-
ing the election Of directors: and the
voting power OF a stakeholder shall be
limited to one vote, irrespective Of the
number Of sharcs owned by such stock
holder.
Special meetings Of the stockholders