Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-12-09
Notice Of incorporation.


Notice is hereby given that the
undersigned have associated them
selves together as a body corporate
!, under the provisions Of Chapter l,
Title o., 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 he at Marshalltown. Marshall
county Iowa.
2;ThAs object OF stha.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 az may from time to time be de.
termined upon by the board Of di-
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-
venient for the proper conduct Of the
affairs Of the corporation.
8. The amount of capital stock
authorized is fifteen thousand ($15,-
000.00) dollars, divided into shares of
one hundred dollars each. No stock
shall be issued until the 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, 1t 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
to the code. 1907. and any amend
ments thereto.
4. The corporate life of this corpor-
| alton shall begin on the Gate of
the issuance of its certificate of in
corporation by the secretary of
state OF Iowa. and when five thou
sand dollars of stock has been is
sued, and shall terminate on the ex-
piration of twenty years from the
date Of said certificate unless sooner
dissolved by a three fourths vote of
the stockholders.
5. The affairs Of this corporation
shall be managed by q board Of three
directors. who shall elect a presi-
dent, vice president, secretary and
treasurer and such other officers, in
Guiding an executive committee, as
they may see At or as may be pro-
evided for by the bylaws Of this cor
poration.
8. 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.
Nickel, John A. Cobb and D. Miller
White, all OF Marshalltown, Iowa. and
the following persons shall be Off
GERS: President, A. E. Nickel: vice
president, John A. Cobb; secretary
and treasurer D. Miller White, all of
Marshalltown, 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 stakeholder, and If any d.
rector shall sell or transfer his stock
In this corporation he shall at once
cease to be director. The board OF
directors may fill all vacancies oc.
curing In its membership between
annual eleCIlOHS Dy the appointment
of qualified persons to hold office fol-
the remainder Of term. At all meet.
ings Of the stockholders each stock.
holder shall be entitled to one vote
for each share Of stock held by him
which vote he may cast in person OF
by wHtten proxy.
Z. The highest amount Of indebted
ness to which this corporation may al
any time subject itself shall not ex-
coed thirds Of it's paid-up aut
outstanding capital stock.
8. The private property Of the
stockholders shall be exempt from
corporate liability except to the ex
tent and in the manner provided b,
the laws of the state OF Iowa. \
8. Amendments to these articles ma,
be made at any annual meeting of the
stockholders, or at a special meetiEs
called for that purpose, two-t thirds o,
all stockholders in interest voting fol
such amendments. Nickel Music
Company. G. w. Lawrence, attorney