Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-21

a.! and until his successor is elected and
! qualified. Any member Of said board
OF directors may hold one or more
offices as above indicated. The treas
urer may he required by the board OF
directors, if deemed expedient, to give
bond in such sum as they may deem
! necessary. Said directors shall have
| the right and authority to fill any va
cancy in the offices Of said corporation
and elect such other officers anu
| agents OF said corporation as in their
Judgment may he for the best interests
Of said corporation"
Article WI was amended by strik-
! ing out all Of the former Article VIII
! and inserting and adopting the follow
| ing in lieu thereof:
ARTICLE VIII.
The election of the directors of this
corporation shall take place at the
regular annual meeting Of stockholders.
! which shall be held at it's office at
! Marshalltown. Iowa. on the third (3rd)
Monday in August. 1919, and on the
third (3rd) Monday in August Of each
succeeding year. At all elections ana
| meetings Of the stockholders OF this
corporation each holder Of common
stock shall be entitled to one vote for
| each share OF common stock owned py
said person. which vote may be east in
person or by proxy. when the proxy IS
in writing and filed with the secretary
Ave days before such meeting. Ten
days notice shall be given Of all regu-
lar or special meetings Of stockholders.
al, In civ either in
writing, delivered to such stockholders
in person or mailed to the last known
postoffice address Of each such stock
! holder. or by publication in, news
paper in Marshalltown. Iowa, provid-
ing such notice be published once each
| week for two successive weeks prior
| to said meeting. The president Of this
| corporation may call a meeting OF the
! stockholders at any time he deems
l. proper and shall do SO upon the written
request oE the stockholders owning
| sixty 5000 per cent Of the outstand-
| ing common stock. In case the presi-
| dent neglects or refuses to call a meet
| ing at the request Of the stockholders,
then the stockholders owning sixty per
| cent Of the outstanding common stock
| may join in q call of the stockholders
at special meeting. which meeting
| shall be the same as If called by the
president. At the meetings Of the
| stockholders each stockholder shall be
entitled to one vote for each share OF
common stock held by him. and he
| may vote in person or by written
pro1Y.~
Article X was amended by striking
out all Of the former Article TX and
inserting and adopting the following
in lieu thereof:
ARTICLE TX.
The corporate period of this corpora
ton commenced on September -. 1912,
| when it's certificate was issued by the
secretary Of state authorizing the trans
! action of business by this corporation.
and shall continue thereafter for the.
period Of twenty years with the right Of
renewal, unless sooner dissolved by
two third vote Of all outstanding stock
entitled to . vote; said dissolution can
be had only at 4 regular annual meet
ing or special meeting called for that
purpose"
Article X was amended by striking
out all Of the former Article and in
| serting and adopting the following in
lieu thereof.
ARTICLE X
No common stock Of this corporation
shall be disposed of. by any stock
holder owning the same TO any one
but the said corporation. unless the
stockholder shall at least thirty 500
days previous thereto offer in writing
to sell the same at It's book value to
the president Of this corporation. for
the corporation. and the offer shall not
have been accepted within the said
thirty 800 days: and this article shall
be printed on each certificate Of COM
mon stock hereafter issr { by this cor
poration and become part Of the con-
tract between the corporation and its
stockholders"
Ana the following. was adopted. in
serted and added to the articles Of in
corporation as Article XII thereof:
ARTICLE XII.
Whenever the capital stock Of the
corporation is. increased and new ad-
dtional stock Is issued. the same shall
in proportion to their then holdings OF
Lhe OutbIAHOlu8 otOCA1 OI lHe Coi pun
ton, and the stockholders shall have
the right to purchase the same at par
value according to their respective
holdings. No new stock shall be offered
for sale SC any onc. but stockholder
Of the company without frst offering
the same f.r sale to n. stockholders"
And the following was adopted. in
serted and added to the articles Of in
corporation az Article XIII thereof.
PARTICLE XIII.
The stockholders may make and
adopt bylaws. for the regulation Of tho
business Of the corporation and alter
them at pleasure: and they may au-
thorize the board Of directors to do 80,
subject to such restrictions - may be
deemed advisable"
And J. C. Williams, president, and r.
f. Thornbury. secretary Of Lennox
throatlass Shear Company. were at the
said meeting duly authorized to execute.
file and complete the said amendment
Ito the said articles of Incorporation on
behalf of the corporation - required
by law. HI
LENNOx THROATLEss SHEAR co,
by ]. C. wiiliams. president.
And h. M Thofnbury, secretary. III