Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-07-17

Notice of lneorporstion-Abbo Realty
Corpary

Notice of lneorporstion-Abbott Realty
Company.
Notice Is hereby given that the I'M
dersigned have associated themselves
together as a body corporate under
the provisions of Chapter l, Title No.
9. of the code Of Iowa, and acts amend
atory thereto and have adopted articles
OF incorporation providing as follows:
/. The name Of the corporation
shall be Abbott Realty Company"
.. Its principal place OF business
shall be at Marshalltown, in the county
of Marshall and state of Iowa
3. The object Of the corporation Is
TO buy. sell, rent, own, mortgage and
bond and improve real estate in Iowa
or other States in the United States,
and to manage and control its property
for pecuniary profit: and other such
lines of business as may be determined
upon from time TO time by the Board
OF Directors
IAN conveyance Of real property made
py the corporation shall be executed
by the President and countersigned by
z che Secretary with an impression Of
the corporate seal attached. II the
corporation has q seal; and all releases
of mortgages, liens, judgments or
other claims that are required by law
to be made Of record may be executed
by the President; Vive- president or
Secretary Of the corporation
4. The amount of capital stock
authorized is thirty (s30,000) thousand
dollars, divided into shares Of five
hundred dollars each No stock shall
be issued until the corporation has re-
ceived payment in full therefor al par
In cash or property; provided, how
ever, that when stock is to be issued
or anything other than money, It
must be upon proper action by the Of
dcers or directors 70 the approval Of
the executive council of Iowa, as pro-
vided in section 1Sil-b of the supple
ment of the code, 1907, and any amend
ments thereto. The capital stock
authorized may be increased by vote
Of two-thirds in interest Of all the
stockholders, by the adoption of an
amendment TO these articles. When
the outstanding capital is increased,
the additional shares shall be offered
to the existing stockholders proper
tionately to their holdings at not less
than par.
s. The corporate life Of this corp
Grafton shall begin on the date OF the
issuance Of its certificate Of incorp-
Grafton by the secretary OF the state OF
Iowa, and shall terminate at the ex-
piration of twenty (20) years from said
date unless sooner dissolved by
three fourths vote Of the stockholders.
g. The affairs OF the corporation
shall be managed by board Of three
directors, who shall elect a president.
vice president, secretary and treasurer
and such other officers, including an
executive committee, as they may see
nj or as may BE provided for by the
bylaws of this corporation.
7. The annual election shall be held
the second Tuesday in February Of
each year. Until the first election,
which shall be held the second Tues
day in February, 1920, the following
persons shall be directors:
l. C. Abbott and c. w. Abbott Of
Marshalitown, Iowa and ]. W. Abbott
of Ogden, Utah, and the following shall
be officers:
President and treasurer. L. G.
Abbott, of Marshalltown, Iowa; vice
president, ]. W. Abbott, of Ogden,
Utah: secretary, c. W. Abbott, of Mar
shalltown, Iowa
All officers of this corporation shall
hold office for the term Of one year or
until their successors are elected and
have qualified. Every director shall be
a stakeholder and If any director shall
sell or transfer his stock in this corp
Grafton he shall at once cease to be a
fill all vacancies occurring in mem.
bership between annual elections by
the appointment of qualified persons
to hold office for the remainder OF the
term Special meetings of the stock
holders may be called at any time BY
the president upon giving three days
notice in person or in writing to the
stockholders and shall be called by him
at any time upon request OF stock
holders representing twenty shares o:
stock and in case Of his neglect or re-
fusal to call a meeting, the parties
owning to the amount OF thirty-one
shares may join in call of the stock
holders, which meeting shall be thu
same as tho called by the presi
dent. At all meetings of the stockhold
ers each stakeholder shall be entitled
to one vote for each share Of stocl
held by him, which vote he may cas-
in r,erson hv written proxy.
8. The highest amount OF indesseS'
ness to which this corporation may a
any time subject itself shall not exceed
~ two thirds Of its paid-up and out
standing capital stock.
8. The private property of the
stockholders shall be exempt from
corporate liability except that to tn
extent and In the manner provided b!
the lsws Of the state Of Iowa.
10. The corporation may make an
alter bylaws at pleasure, and ma.
authorize the board Of directors TO d.
-. subject to such restrictions as ma.
+ - deemed advisable.
az ~ Amendments to these article
hay b made at any annual meeting
kfho stockholders, or at special meet
|l1,g called for that purpose. two-third
III ~ IN stockholders in interest votin
5Rss = 80 y, ..,,.,:. .e..dynassfa
EN- Abbott Realty Company
By I. g. Abbott, president
\. ~ 81 Ahsott secretary.