Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-28

never ln]uIe, OUT dDONc al! lucy "
ont all OF the former Article and
inserting ami adopting the following
in lieu thereof:
ARTICLE V.
the object II this corporation and
the general nature OF its business ia
be transacted shall b. the erection
maintenance and operation OF foun
dries machine shops and kindred
manufacturing plants and enterprises
the purchase. manufacture. sale ana
distribution of sheet metal workers
and manufacturers tools. machinery
and appliances. including throatless
shears and devices and machines OF
similar nature; and furnaces i0i
heating and other purposes. and gen
cral cast iron products. and SuaS-s
and other registering devices and ap-
piiances and steam specialties' ano
for the carrying on OF any other pusl
ness incident thereto and necessary
to be operated in connection there
with and such az the board Of direc-
tors may see proper to engage In. AND
il claims the right TO bu" and mold
business and to provide place or
places for the carrying on OF It's o"si'
ness and for such other purposes a.
may be consistent With the genera
business that the corporation IL en-
saXed In.
And it claims the following addition
al powers:
To buy, hold. sell. lease. transfer. en-
cumber and otherwise handle both rea
and personal property. All transfers
conveyances and encumbrances OF TEA
estate Shall pc by proper instrument
in writing signed and executed on ne
half OF the corporation by the president
and secretary OF the corporation; Or
in case OF the refusal or Disability q
such officer. BY such officer or persons
as the Board % Direct ors may desis'
nate. but all conveyances transfers
leases or encumbrances OF the real
estate Of the corporation shall he MADE
only after due authorization by th'
Board OF Directors.
TO have perpetual succession:
TO sue and be sued by it's corporate
name:
To have a common seal which II may
alter at pleasure:
TO render the interests o. the stock
holders transferable:
To exempt the private property OF
it's members from LIABILITY Tor corpo
rate debts. except as otherwise de-
clared:
TO make cor tracts acquire anc
transfer property. possessing the
same power in such respects as patu-
raj persons:
To establish bylaws. and make AL
rules and regulations necessary toI
The management Of It's affairs"
Article VI was amended by striking
out all OF the former Article VI and
inserting and adopting the following
In lieu therof:
ARTICLE VI
The authorized capital stock Of TINS
corporation is 5000, 100000. all OF which
shall be common stock. divided into
1000 shares OF 10000 each The pal
value Of all stock shall be fully paid
to the corporation in money or prop
lerty before the stock is Issued. and the
stock shall be non assessSble. The
stock can only be transferred on the
books Of the company on the surrender
OF the original certificate. and new
stock issued in It's place. The capita
stock as named msy be increased oy
a vote Of majority In Interest or al
the stockholdeM and the additional
shares of stock shall be offered to the
existing stockholders proportional tt
their holdings and at not less than the
par value thereof"
Article VII was amended by strik-
ins out all Of the former Article VII
and inserting and adopting the folio"
ing In lieu thereof:
ARTICLE VII.
The busine ss and prudential affairs
OF this corporation shall be conducted
nv a boa I'd OF Ave directors who must
be stockholders and who shall hold
their office for one year. and unit
their SUCCESSORS are elected and quail
fed: and such directors shall from
their own number NJ their first meet
ing in each year elect president
vice pr esidept. secretary and treas
urer. respectively. Of said board &
directors and corporation. Each suc'
officer shall hold his office for one yea
and until his successor is elected rans
qualified. Any member OF said boar'
Of directors may hold one or more
offices as above indicated. The treas
urer may be required BY the board o.
directors. II deemed expedient. to Civ
n bond In such sum an they may deem
necessary. Said directors shall hav'
the right and authority to All any VA
cancy In the OFFICES OF said corpora tiol
and elect such other officers an
agents OF said corporation as in thai
Judgment may be for the best interest
Of said corporation
Article VIII was amended by strik
ing out AL OF the former Article VII