Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-10-06

corporation With IL corporate seal.
ARTICLE Nv. ~,
The corporate period Of TIM corporsl
action shall begin on the date Of the Is
suance OF Its certificate OF incorpora-
tom BY the SECRETARY OF the state Of
Iowa. and shall terminate ut the excl
pirASieA o. twenty (2o) years from sAidl
date unless sooner dissolved by two-l
thirds vote Of the capital stock them
outstanding At any annual meeting or
any special meeting properly called fosl
that purpose. Said corporation may 10
renewed ~ provided BY law.
ARTICLE v. &~
Tn sAuthorfsed capital, stock OF this
corporation to be twenty-five thousand
(s?5.oeo.0o) dollars divided into two
hundred and fifty shares at the par
value OF ono hundred dollars each.
OF such total authorised capital stock.
ono hundred and twenty-five shares
shall be participating perferred stock.
and one hundred and twenty-five
shares shall be common stock. No
stock shall be issued until the corpor-
alton has received payment therefor in
cash or property. This corporation
may commence business al soon As III,
ty shares have been issued.
ARTICLE vi.
Tho affairs OF this corporation shall
be managed by . board Of three direc-
tors who shall elect Q president, vice
president, secretary and treasurer ana
such other officers - may be reQuir-,
ed as provided In the bylaws Of tho.
corporation
. The annual meeting Of the common
stockholders shall be hsld at the office !
Of the corporation in the city of Mar;
shaUtown, Iowa. ON the second Tuesday,
In January and until the first annual
election. watch shall be held on the
second Tuesday Of January. 1870. the
dirsctorl Of the corporation: Ray F.
Cooper. ana the following named per-
sons shall be officers: Ray r. Nc
CURE. president: A. r. Cooper. vice
president: H. w. Haywood. secretary
and treasurer.
All officers Of the corporation shall
hold office for the term Of one year. or
until their succsssors are elected and
Qualified. Each director shall be .
common stockholder, and II any direcs
tor shall sell or transfer his stock In
this corporation he shall at once cease
to b . director.
The board Of directors may fill va
candles 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 ut any time
By the president, giving ten. (1o) days
notice In person or in writing address,
"a 70 tho last known address OF the
stockholders, and shnll 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 q call Of the. common stockhoideEu.
which meeting shall be lawful ana
valid
stockholders SHAH be entitled 10 ono
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, 70 be valid. be filed
Will, the secretary 1t least thirty days /,
and not more than SIXTY days before
q regular or special meeting Of the
stockholders, at which time they aIe
70 be used. They shall become in |
valid after thirty days from the GATE
Of such meeting. : 49,, ~
The corporation shah have . Hen
upon the stock Of any Of the stocknold- |
srs for any debt TO the corporation.
and IN case the stakeholder IL 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 rs stock present at any
meeting Of tho stockholders.
The corporation reserves the right
20 nerease ~ capital stock 1t any
tisns b. an affirmative vote Of . ma
1or4ty Of IT. outstanding Common
stock. Il also reserves the hight TO
purchase it, preferred stock and retire
the same, 1t the times and In the mans
ner provided in tho bylaws Of the corr i
poration.
ARTICLE VII 4
Tho highest amount OF Indebtedness
70 which this corporation may subject
:tss:s At any time shall not exceed
two thirda Of it paid up outstanding !
capital stock.
ARTICLE YIN.
Tho private property Of the STOCK. :
holders shall be exempt from corpor- ,
ate debts or liabilities except 70 the ex.
tent and in the manner provided BY
The laws Of the state Of Iowa
ARTICLE X.
The board OF directors shah arrange
ana adopt by laws Tor the general op-
sratiou Of the corporation. which may
be changed or amended 1t such timas
a may b deemed advisablA
ARTICLE x.
Amendments to these ARTICLES may
be made 1t any annual meeting OF the
stockhoIdsv, or at special meeting
called for that purpose with major-
it, In interest Of the stookhoadsrs vot-
inx foe such AfnsndmsntA
In witness whereof W have here
unto ~ our hands 20 thu above ard /
forsgosaS articles q inoorpora&ion, this
11th day Of July. A. d. 1915.
M Ray p. kcouixA a
A. r. Cooper. q
n. W. Hsywood
state 1t ZowG, Marshall county, -
Be II remembered, that on the l1th
dav ~ Jufy. A. D. 1919, before me-. the