Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-05-03
ARTICLES OF INCORPORATION.

, hereto subscribed, lcrebN bSsoCla''
| ourselves into a body corporate under
! the provisions of chapter /. title IN, oil
| the Code of Iowa, and acts amendatory
/ thereof particularly sections l64l-rl TO
! l6il-rsO 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
( tollowing articles OF incorporation, to-
wit:
! ARTICLE ],
The name OF this corporation shall
( be Farmers Cooperative Exchange.
ARTICLE H.
/ 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 OF
| Iowa.
ARTICLE III.
| The object and purposes of the cor
, poration are az follows: To buy, sell
sort. grade. ship. market and other
wise handle live stock. poultry. graln'
hay and other farm products, to store.
mill, grind. distribute. ship. sell and
otherwise handle grain and other farm
nroducts. N buv sell. mack. can. manu-
facture. prepare, store, distribute. ship.
market and otherwise handle
meats. poultry apd poultry prod
ucts, milk and milk products, grain
and grain products, fruits, Vege-
tables and other farm and garden,
nroducts. To hlIy. shin in. house, sell.
,ii,ifih,if,- ana otherwise handle lum-
her building material. coal fuel, feeds.
seeds fertilizers. farm implements,
farm machinery and all other articles
and si;nrlics ,iscd or needed by far
nlers engaged in farming. including
lots ar stocks nf goods. wares and
merchandise. and to mine and market
coal and Other minerals and mineral
products.
In carving ou: its purposes the
nnrnorati,- shall have the right 10
ac9uire erect briId install. maintain
and nnera,e stock-vards. market
rI,ccs elevations warehouses grain
and food mills aha+toirs hacking
nlar+s roId s,oraeo nlanrs ice plants.
nroduca t..usss creanaries canning
ractorias rigb, and mower plants.
norufar,,,rt,r and machinery plants.
store bu;Idirgs and s,ructures for mer-
cb,,5iso a.; fa,r, sr,,,ias of all
Li,ds IA OH a+har raciIitias con-
-. h,,,,5;r,,, s.r,,,.,,ra, o,d
..lIs,.. -, .ho
- LA r,,r,>,sa., q,
-
Ol 20
" -
''"' ~ ma
p'ofe' !" 'Hs ou' VI IT'S Pun
poses ana IN C"huuct'hs Us ell'ei
! piiee'> II Shai' "aNe '.'e 'i7"' =, MI
| i"'pi"'"' mn lS"7'' 9sh '"
! convey Such reai estate Ana u shaii
ans" II" VIZ, l's',' 10 'aN.' accept
hnN. sell maze issue ana execute
contracts. notes. HNe-oliis' mortgages
leases ana other "oileauohF ana e'l-
dences OF Indebtedness necessary or
proper t" the carrying out OF It's pur-
poses and the conduct of its business
ARTICLE N.
The amount OF authorized capital
stock Of this corporation is twenty
five thousand (s25.000.0O dollars. di-
vided into five hundred shares OF fifty
(S5O.O0) dollars each.
The corporation may commence bust
ness when not less than five thousand
E5.G00.00} dollars in stock has been
issued.
No stock shall he 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 ap-
proved by the executive council of
| Iowa in accordance with the provisions
of amendatory section 164l-b OF the
Code Of Iowa
Shares of stock are transferable on
the books OF the corporation: but no
person or concern shall at any time be
permitted to subscribe for. purchase or
own to exceed one thousand 81 100000
| 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 10
purchase the stock.
The stock Of this corporation shall
| be non -assessable.
ARTICLE V.
The corporate period Of this corpo-
| ration shall begin on the date the sec
rotary of state issues certificate OF
incorporation. and shall terminate al
the expiration of twenty(20) years
from said date, unless sooner dissolved
! h. +wc-thirds (2-S) vote Of the stock
holders at an annual meeting, or at a
special meeting called for the purpose
or by unanimous consent. as provided
bv law. All rights Of renewal under