Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-11-18
Resin In wood gives twice as much
heat as the wood itself.
Notice Of incorporation.


Notice Is hereby given that the
undersigned have associated them
selves together as a body corporate
under the provisions of Chapter /,
Title 8. OF the code OF Iowa, and acts
amendatory thereto and have adopted
articles of Incorporation providing as
follows:
/. The name Of this corporation
shall be the Nickel Music Company"
and its principal place Of business
shall be at Marshalltown. Marshall
county, Iowa.
2. The object of the corporation is
the buying of musical Instruments.
music, such other articles Of goods.
wares and merchandise usually con-
nected Herewith. and selling same at
Wholesale or retail, and such other
lines as may from time to time be de-
termined upon by the board OF d.
rectors.
The corporation shall have the
right to buy. hold, sell and convey
personal property and such real es-
tate. as may be necessary or con-
AFFAIRS OF the corporation.
3. The amount OF capital stock
authorized Is fifteen thousand ($15,-t
ooo.o0) dollars, divided into shares of
one hundred dollars each. No stock
shalt be issued until tho corpora
ton has received payment In full
therefor at par In cash or property:
provided, however. that when stock
Is to be issued for anything other
than money. It must be upon proper
action by the officers or directors and
subject to the approval OF the ex-
ecutive council OF Iowa. as provided
in section 1641-b Of the supplement
10 the code, 1907. and any amend
ments thereto.
4. The corporate life OF this corpor-,
alton shall begin on the date OF
the issuance OF It's certificate of In
corporation by the secretary OF
state OF Iowa. and when Ave thoni
sand dollars OF stock has been is
sued, and shall terminate on the eSj
piration OF twenty years from the
date OF said certificate unless sooner
dissolved by a three fourths vote of
the stockholders.
8. The affairs Of this corporation
shall be managed by hoard Of three
directors. who shall elect presi-
dent, vice president, secretary and
treasurer and such other officers. in
GLIDING an executive committee, as
they may see At or as may be pro-
vided for by the bylaws Of this cor
poration.
6. The annual election shall be held
on the third Tuesday In January OF
each year. Until the first election,
which shall be held on the third
Tuesday in January. 1921. the follow
ing persons shall be directors: A. e.
White. all Of Marshalltown. Iowa, and
the following persons shall be offi-
GERS: President. A. f. Nickel; vice
president. John A, Cobb; secretary
and treasurer d. Miller White, all OF
Afarshalltown, 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 n stockhoider. and II any d.
rector shall sell or transfer his stock
In this, corporation he shall at once
cease TO be a director. The board Of
directors may fill all vacancies 90
curing In its membership between
annual elections by the appointment
of qualified persons to hold office for
the remainder Of term. At all meet
ingB of the stockholders each stock
holder, shall sbe entitled to one vote
for each share OF stock held by him.
which vote he may cast in person or
by written proxy.
Z. The highest amount OF Indebted
ness to which this corporation may at
any time subject itself shall not ex-
coed two-thirds OF its paid-up and
outstanding capital stock. rs
8. The private property OF the
stockholders, shall be exempt from
corporate liability except to the ex-
tent and In the manner provided by
the laws OF the state of Iowa.
8. Amendments to these articles may