The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-01-26

stock OF this corporation; to improve
real estate and to erect thereon
buildings or other improvements or
appurtenances for the purpose of
operating the same. or leasing all or
any part of the same TO other per.
sons, associations or corporations for
operation. entertainment, pleasure,
profit or any other lawful purpose;
to issue bonds and other obligations;
to mortgage or pledge stocks, bonds
or any property acquired by 1t and
in general to have all of the powers
with which corporations are invested
by the laws OF the State OF Iowa.
The amount OF the authorized capt.
tai stock of said corporation is Fifty
thousand dollars (s50,000.00) divided
into one thousand 10000 shares of
the par value OF Fifty dollars ($5O.00)
each. Said stock may be either com.
mon or preferred as the board OF
directors may from time to time de-
termine. but there shall not be issued
or outstanding more than Forty-flve
thousand dollars ($45,000.00) OF pre-
ferred stock at any one time, and COM
mon stock shall be issued to and owned
only by De LaSalle Council knights
of Columbus Number 619 OF Keokuk.
Iowa. No stock shall be issued until
the corporation has received payment
in full therefor. in cash. property or
other equivalent approved and al.
lowed by the executive council Of the
state OF Iowa and be worcestershire.
The corporation reserves the right
TO purchase and retire any or all pre-
ferred stock outstanding by paying to
the respective owners the par value
~ltrc No mr.
OF the dividends for the current year
in which the same Is retired.
The corporation commenced bust
ness on the date that Its certificate
of incorporation was issued by the
Secretary OF State, to-wit, December
18th, 1919, and shall terminate twenty
years from said date unless sooner
dissolved by vote of not less than
two-thirGs (2-3) OF the capital stock
then outstanding. The affairs of the
corporation are to be conducted by
board OF seven 60 directors and the
officers shall be a president, vice.
president, secretary and treasurer.
The directors shall be elected by the
stockholders at the annual meeting
and the officers shall be elected by
the board of directors. The officers
and directors shall hold their offices
for one year or until their successors
are elected and qualified. Vacancies
in the board of directors shall be
filled by the remaining directors IN
til the next annual meeting of stock.
holders Until the annual meeting
of stockholders in the year 1920 the
following persons shall constitute the
board OF directors: e. w. McManus,
Chester b. Schouten, James I. Nc
Carthy, John Tumelty, Joseph
O,Brien, Thomas II. Joyce and Frank
j. Ewers, and the following shall be
officers: E. w. McManus, president;
Thomas II. Joyce, vice-president;
Chester b. Schouten, secretary, and
John TumeIty. treasurer.
The annual meeting OF the corpora
ton shall be held on the first Mon
day in February Of each year and at
every meeting of the stockholders
each stakeholder shall be entitled to
one vote for each share OF stock held
by him.
The highest amount OF indebted
ness to which the corporation shall
at any one time subject itself shall
not exceed two-thirds l2-3) OF its paid
up and outstanding capital stock; but
lit may issue its bonds as provided by
Section 1911 of the Code OF Iowa and
amendments thereto
The private property Of the stock
holders is to be exempt from liability
for corporate debts. "
The articles of incorporation of
said corporation are recorded in the
office of the recorder of Lee County.
Iowa, at Keokuk in incorporation
book number at page 231 and in
the Office of the secretary OF state
of the state OF Iowa at Des Moines
and said articles are made part or
this notice by reference.
Dated Keokuk. Iowa, January 9Th,
1920.
z. w. McMANUS,
CHESTER B. SCHOUTEN,
JAMES r. MCCARTHY,
JOHN TUMELTI,
JOSEPH O'BRIEN,
THOS. H. JOYCE.
tn NV