The Denison review. [volume] (Denison, Iowa) 1867-current, 1919-12-17
ARTICLES OF INCORPORATION
Of the Farmers Union Exchange of
Denison, Iowa

To-
| Notice is hereby given that The under.
signed have formed :, corporation for
| the purpose and subject to the condi.
| lions us fellows: "
ARTICLE / ...
The name of the incorporation Shall
he Farmers Union Exchange" and its
principal place Of business shall be at
Denison, Crawford county, Iowa.
ARTICLE II
The general nature Of the business TO
be transacted by this exchanges. shall
consist in buying, and selling and deal-
ing in all kinds Of farm and dairy prod
uctS, cattle, swine, sheep. poultry, dry
goods, boots and shoes. groceries. hard
ware, farm implements, lumber, tile.
stone. brick and all kinds of building,
material. fuel, grain and real estate,
and dealing in all kinds of merchandise
and in b{Iying and ceiling al such kinds
of property on commission or otherwise.
..-- ARTICLE III
The capital stociSt snail be iat the he.
ginning Of the business of this ificor-
poration not less tb;ln seven thousand
t$7 ,ON0. 00J dollars, paid in at such begin
to time and not to exceed $50, 10000 on
the issuance of shares of stock to pur-
chasers becoming members, the said
shares' to be twenty-five ($25.0W dollars
each and no member shall, at any time,
owntor have interest in more than ten
f1O) shares, except by a two-thirds vote
OF the stockholders Of this incorpora-
ton. No shareholder shall have more
than one vote, nor vote more than one
~ proxy, in conducting the affairs of
the corporation.
ARTICLE w
The corporation shall commence bust.
ness on the first day of January, 1920,
and continue twenty t20) years, with
the right of renewal. -a -
ARTICLE v
The affairs of this corporation shall
be conducted by the following officers,
after their election and qualification, to.
wit: A president, a vice president, a
secretary, a treasurer, and nine direct.
ors. They shall be elected on the first
meeting in each year and annually
thereafter. They are to hold their Of
fees until their successors are elected
and enter upon the duties Of their Of
fees. All vacancies are to be filled by
the board of directors. None but mem.
bers of the corporation shall be such
officers and, until first election, others
as may before such election become
members, shall conduct the affairs of
the corporation as a board Of directors.
ARTICLE vi
The officers of this corporation shall
have the power to employ general
agent to transact the business for and
in the name of the corporation; this
general agent shall act under the direc-
ton and control of such officers and be
employed for such time as may be
agreed upon between him and such off,
GERS. /
The officers elected to hold until the
first annual meeting are: President. c.
A. Christensen, Denison; vice presi-
dent, Chas. Speck, Denison; treasurer,
S. William Evers. DenisOn; secretary,
f. F. Ranniger, Denison. -1
ARTICLE VII
This corporation shall at no time have
or subject itself to indebtedness exceed
ing the amount of two-thirds of the
shares Of stock actually paid up. as
shown by the books Of the corporation.
ARTICLE VIII
Tho private proper " OF the members
and shareholders eha,1 he exempt from
AL the debts OF this C, rporation. except
to the amount Of the shares OF stock
held by each respectively and Ill shares
shall he worcestershire.
ARTICLE TX
This corporation may. at any time
he dissolved by the vote oil a ma iority
Of all shareholders voting in favor of
such dissolution.
DARED ms 18th dayto November, 1913
G. A. CiiRlSTTANSEN, Dcnison |
CHARLES SPEI,K. Dcnison
y. WAI. ENERS, DeniSon
r. F. RNNNlGlCR, DenisOn
NJ. j. CONWAY, DeniSon
II. J. TIIEISSEN, Denison
K. -. IlLhIHOLM. Denison
FRANK TTOT'LIHAN. Denison
y. VI. SONNICIIsEN, Denison
". L. BAER. Denison
JOHN SCTTrIMMER. Denison
THEC. e. BTITNE. Schleswig
w. F. LI'ECk, Denison
State Of Iowa. Crawford county. IS.
On this 2Gth day Of November. 1919, |
before me personally appeared G.. A. |
ChristiilnSrn, Charles Speck. r, VIM. !
EV"rs f. 2, EanniGcr. NJ 7. Conway, !
II. j. Th"isson. r. a. Lillcholm. Frank |
tioulihau. y. n Sonnichsen, w. F. |
Raor. John Srh'immer. TheO c. Blume
and W. r. T.ucck to me known to be
the persons named in md who executed /
the. foregoing articles of incorporation ,
of the Farmers Union Exchange Of |
Denison. Iowa." and acknowledged that |
they executed the same as their volun.