Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-04-26

or tho said twenty (,pfl ger cent in
number Sft AoSkhoiSsts, = the case
may be-. may over their own sigma
lures give notice OF the meeting sub
slantially as above.
One-ffth in number Of the stock
holders, preIcnt in person. shall con-
stitute u quorum for the transaction
OF business. aut less number may
adjourn to a liked date, notice of
which action shall be given to all
stockholders. the notice being ad-
dressed and mailed to each stock
| holder at least Ave days prior to the
| date fixed for the adjourned meeting.
ARTICLE VII.
| The affairs OF this corporation shall
be managed and controlled by a board
OF nine go dirsctors, who shall be
elected each year at the annual meet
| ing Of the stockholders. These d.
rectors shall he elected nv ballot. and
! I, shall require majority vote Of all
! stockholders present and voting to
| elect. They shall hold office for. one
year and until their SUCCESSORS are
elected and qualified, unless sooner re-
moved by death, resignation or other
wise. No one not stockholder Is
! eligible TO election as a director. and
any director ccasing to be stock
holder. Thereby forfeits his office as
director If vacancies occur In the
board of directors from any cause the
same may be filed by majority vote
OF the remaining directors, and the
persons thus elected TO I'LL vacancies
shall hold office until the next an
| nual meeting and until their sue
cessors are, elected and qualified.
Annual meetings of tie board or
directors shall be held Immediately
following the annual meeting OF the
stockholders Zach year, and at the
same place: and other regular meet
;ugs of said board shall be held on
the second Tuesday OF each month.
Special meetings of said board may
be held at any time on the call OF the
president or on call signed by four
CD or more Of the directors, due
notice of the proposed meeting being
mailed to each director at least three
co days before the meeting.
A majority Of the directors shall
constitute a quorum for the trans
action of business, but a. less NUMBER
NAV adjourn a meeting TO another
date. in which case due nouce %
such action shall be mailed 10 the
directors not present at the meeuhs
where such action was taken
The o.f,ce Of any director falling TO
attend two ~ consecutive resuiA'
meetings shall be decla red vacant
unless such absence is excused py the
board,
ARTICLE VIII
The officers of this corporation
shall be a president. vice president,
a secretary and a treasurer. all Oh
whom must be directors, and all OF
whom shall BE elected annually oy
the board of directors Immediately
after the ann,':i meeting OK the STOCK
holders. The election of said officers
shall be by ballot. and it shall require
a majority xote of the directors 10
elect. Said officers shall hold their
offices for one year and until then
successors are elected and qualihed'
unless sooner removed by death
resignation or otherwise. II vacancies
occur in any OF said offices from any
cause the same may be filled py
majority vote OF the directors eA-
messed by ballot as above specined'
The offices Of secretary and treasurer
NAV be held by the same person. az
the discretion Of the beard OF al.
,ectors under the official title OF
secretary-treasurer. ~
The president shall preside Al a.
aa,;pes of the stockholders and OF
! the board of directors; and snail sisn
all certificates OF stock ana wafs
on the treasury. He SHAH also So
L - : "0ktEd8cs,
! 1s.is Iaases and other instruments IN
hahaIf OF the corporation. AT least one
month prior to the annual meeting u
| the stockholders he shall appoint
special committee of three stochnoioei
| to examine the books and accounts y.
the secretary, of the treasurer ana u
any manager or agent OF the corpotA
| ,ion and with the consent OF inc
! directors he may employ an account
an, n examine and audit any or all OF
said hooks and accounts. And he sha!l
submit a full and complete report OIL
the conditions and affairs OF the cor
norat,on to the stockholders at eacn
ANIMAL meeting And the president
shall perform all other duties usually
required of such an OFFICER.
In the absence of the president, or
nv reason of his inability to act, the
yice-president shall preside at all OF
said meetings and shall perform AZ
other duties pertaining to the oh'cV
of president. !,
| In the absence of both the president
and vice president at any OF said meet.
ings a temporary presiding officer may
be selected by the board Of directors or
| nv the neteing from the body or It's
membership.
The secretary shall give and serve
proper and timely notice OF all meet
inss of the stockholders and OF the
directors: shall keep true record OF
the proceedings of all said meetings
and of all official acts of the corpora
ton: shall countersign all certncates
OF stock. deeds, leases, orders ana
| other papers and instruments of the
corporation, affixing to such papers
and instruments as may require 1t the
seal Of the corporation. He shall also
keep a true and complete record OF all
stock issued. transferred, pledged or
forfeited; shall pay over to the treas
urer Immediately all money coming
! into his hands from the sale or
issuance of capital STOCK or from OifeI
| sources. taking the treasurers receipt
therefor. shall render to the directors
whenever required by them a correct
report. of the business and affairs OF
the corporation; shall make a full and
complete report Of the condition,
business and affairs of the corporation
at each annual meeting Of the stock
holders; and shall perform, all other