Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-10-31
ARrIcLEs or INCORPORATION.
OF MarshaitNwn School Coach and
Body Manufacturing Company. u

ecribed, hereby associate ourselves
into a body corporate, under the pro-
visions of Chapter l., Title TX of the
Code of Iowa. and acts amendatory
thereto, assume all powers, rights and
privileges granted bodies corporate un-
der said chapter and title, and do here
by adopt the following articles of in
corporation.
:. ARTICLE /.
The name of this corporation shall
DO tho Marshalltown School Coach and
Body Manufacturing Company.
ARTICLE II.
It's principal place OF business shall
be In the city Of Marshalltown, Mar
shall county, Iowa. 1t may establish
branch offices apd plants in any other
city or town>in the United States or in
foreign countries.
ARTICLE III.
The object Of this corporation Is to
doa general manufacturing business
and deal In any and all kindred lines
OF business which may be conducted
/ Herewith. It may handle school
coaches, truck bodies. farm machinery,
and engage in both retail, and whole
tsale, and such other business as the
board of directors may determine.
! It may buy, own. sell. mortgage,
lease and convey both real and per-
sonai property.
i All conveyances Of real property Of
dealings therein of any nature shall be
authorized by the board Of directors
land be executed by the resident or vice
president and secretary Of the corpor-
fation. with its corporal seal, If the cor
tpotation has a seal.
(, All mortgages, releases of mortga ges,
piens, judgments or other claims that
lare required by law to be made Of
lrecord. may be executed by the presi-
dent, vice president or secretary of the
Incorporation.
! ARTICLE w.
The corporate period Of this corpor-
Iation shall begin on the date Of issu-
ance of it's certificate Of incorporation
by the secretary Of the state of Iowa,
and shall terminate at the expiration
iof twenty years from said date unless
tsooner dissolved by a majority vote Of
Its stockholders at any annual meet
ting or any special meeting properly
called for that purpose. Said corpora
tion may be renewed as provided by
law.
ARTICLE v.
The amount Of capital stock author
feed is one hundred thousand dollars
(s100, 000.00). divided into shares Of one
hundred ($100.00) dollars each.
No stock shall be issued until the
corporation has received payment in
full therefor at par In cash or prop
erty; provided, however, that when
stock is to be issued for anything other
than money. It must be subject to the
approval Of the executive council Of
Iowa, as provided in Section 1641-B Of
the Supplement to the Code of 1918,
and any amendments thereto.
The capital stock authorized may be
Increased by vote three fotrths inter
lest Of all stockholders by the adoption
tof an amendment to these articles.
when the outstanding capital is in
toffered to the existing stockholders
Enot less than par.
IA The corporation may commence
business as soon as one hundred shares
..of stock have been issued.
ARTICLE VI.
The affairs Of this corporation shall
ne managed by . board Of not less
than three nor more than fifteen d.
Fectors. who shall elect president,
vice president. secretary and treasur-
,er, and such other officers as may be
required as provided in the bylaws Of
1.-THE corporation.
The annual meeting Of the stock
4holders shall be held at the offices Of
the corporation In tho city Of Mar
shaIltown, Iowa, on the End Of Janu-
AIRY, 1920, and until the first annual
ELECTION, which shall be held on the
second day Of January, 1920, the fol-
flowing named persons shall be the d.
frectors Of the corporation: J. IS. Barry
land Frank Dursee. and the following
manned persons, shall be officers:
J. g. Barry, president and secretary.
Frank Dursee. vice president and
treasurer.
All officers Of tn corporation shall
fhold office for the term OF one year,
or until their successors sare elected
! and qualified. Every director shall be
i a stockholder. and II any director shall
sell or transfer his stock in this cor
operation he sha1l> at once cease to be
Va director.
! The board Of directors may fill va
Eancies occurring in its membership
between annual meetings Of the stock
holders by appointing qualified persons
Ito hold office for the remainder Of the
herm. 4 y
, Special meetings OF the stpckho lders
lmay be called ct any time by the
tpresident giving ten days notice IN
Eperson. or IN writing addressed to the
Mast known address Of the stockhold-
ters, and shan be called, by him 1T any
b4ime upon request Of one-tenth Of the
fcapital stock issued and outstanding,
land In case Of his neglect or refusal
1.-The parties representing one-tenth OF
btho stock issued and outstanding may
!doin IL . call OF the stockholders, which
meeting shall be lawful and valid.
Stockholders shall be entitled to one
vote for each share Of stock held by
them. A stockholder may cast his
vote in person or by proxy; written.
proxies to be valid must be flied with
the secretary at least thirty and not
moro than sixty days before q regular
or special meeting Of the stockholders
at which time they are 70 be used.
They shall become invalid after thirty
/, DAYS from the date OF such meeting.
The corporation shall have a. lien
upon the stock Of any OF the stockho1d3
ers for any debt to the corporation and
in case the stakeholder is in debt to
the corporation he may only vote the
balance Of his stock above the debt
Q