The Denison review. [volume] (Denison, Iowa) 1867-current, 1920-11-17
AMENDMENT no ARTICLES OF IN
+. CORPORATION OF PACLSEN
~ Z. AMI IXVEIN 4, INC

AT. special meeting : Of the. stock.
holders of the Paulsen and IWen, Inc,
duly and legally called for July 81, 1920
at 2 o'clock p. m, at the principal place
of business of the corporation In Deni-
son, Crawford county,, Iowa, after due
and legal notice to the stockholders of
said meeting, there being represented
at the meeting ninety 900 shares of
capital stock, being thletotal amount of
paid up stock in the corporation and
oil the stockholders OF the corporation
being present the following proceed
ings werc@had: '.fsF
1T was moved by Henry Iwen and
seconded by Peter Pausen that article
five (5) OF the articles of incorporation
be repealed and in lieu thereof there
be substituted the following as article
five o.:
The authorized capital stock of this
corporate is. one hundred and ten
thousand ($110, 100000 dollars. divided
into eleven hundred d10O) shares of
the par value OF one hundred l$l00.00)
dollars each, which, when issued, shall
be fully paid up in cash, property or
other equivalent, approved and allowed
by the executive council Of the state of
Iowa and to be worcestershire. The
amount OF capital stock to be paid in,
in order to enable the corporation to
continue its business, shall be fifty-pine
Thousand ($59,000.00) dollars, and the
remainder of the stock shall be sold as
the board of directors may provide or
direct but not for less than the par
value.
The motion to substitute the forego-
ing for article five (5) of the articles of
incorporation was unanimously carried,
there being ninety 900 votes in favor
of the same. II. a =, 4 #
1t was moved by Henry Iwen and
seconded by Peter Paulsen that article
seven az of the articles of incorporation
be repealed and in lieu thereof there.
be substituted the following as article
seven IN:
The affairs of this corporation shall
be conducted by board of not less
than five ~ nor more than seven ~
directors to be elected annually by the
Eat their regular annual
meeting or at a special meeting called
for that purpose, majority OF the
board of directors so elected shall con-
stitute quorum for the transaction
of business. III
The motion to substitute the forego-
ing for article seven N) Of the articles
of incorporation was unanimously car
ried, there being ninety (a0) votes in
favor of the same. ss3
It was moved by Henry Iwens and
seconded by Peter Paulsen and uflarli-,
n1OuSIy, carried, tnere DelHR ninety WIVES
In favor of the same. that the forego-
ing amendment to articles Of incorpor-
ation shall be signed and acknowledged
BY the president and secretary of the
who are authorized to afi1x
he corporate seal thereto.
Henry Iwen, Peter Paulseh,
Secretary. President.
State of Iowa, Crawford County, S.
Before me, Clement J. WEIGH. q not
Try public in and for said county, per-
appeared on this 31st day of
Iuly, 1920, Peter Paulsen, president. |
md Henry Iwen, secretary, of Paulsen
md Iwen, Inc. said persons being each |
o me personally known to be the ident- |
cal persons who have subscribed the
oregoing amendment to the articles of
as president and secre
airy of said corporation and acknowl1
dge the execution of tho. same to be
heir free and voluntary act and the
rec and voluntary act of the said, cor !
'oration.
Witness my hand and notarial seal
I Denison. Crawford county. state of
owa, the date and day last above writ.
en-.
seaD Clement J. WEIGH.
sgt Notary Public.