Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1920-05-27

be buying, selling and general CO.
operative handling of grain, coal,
lumber, livestock, and all other farm
produce and supplies; also the op,
Grafton of flour and feed mills and
the purchase and sale of products
thereof; also to act in the capacity
of a general commission house to
purchase, erect, operate, maintain,
and control warehouses, elevators,
mills and buildings of every descrip-
ton, and to retain, sell, convey,
lease, mortgage, cucumber and i'm
prove such real estate. buildings and
personal property as the business of
the corporation may require; also
to prepare and publish such state
ments, bulletins or periodicals, and
do all other acts, not contrary to the
statutes of the state, which shall be
necessary to the proper carrying
out of the purposes herein stated.
Article Nv.
The time of commencing business
for this corporation shall be the
date the Secretary of State issues to
| il a certificate of incorporation, and
it shall continue for a period of
Article Y.
The authorized capital stock of
this corporation shall be seventy-five
thousand dollars (s75, 000.00) di-
vided into seven hundred and fifty
shares of par value of one hundred
dollars $1,000 each, to be paid in, in
money or in property or in both, in
such manner, at such time, and in
such amounts as the board of direct
ors shall order, subject, however, to
the approval of the Executive Coun-
Gil of the state. Not less than
twenty-five thousand dollars
$25, 000.0O) of said capital stock
shall be subscribed and paid for at
the time of the commencement of
business of the corporation; the re-
mainder of the said capital stock to
be subscribed and paid for as the
board Of directors may hereafter
provide. Said shares of stock are
transferable on the books of this
corporation, but no stakeholder
shall at any time own or have inter
est in more than ten shares of stock
of said corporation. No stockhold-
err shall have more than one vote in
conducting the affairs of the corpor-
alton.
Article vi.
The annual meeting of this cor
poration shall be held on the last
Tuesday in January of each year.
Until the first annual meeting the
following shall be the board of di-
rectors of this corporation.
]. J. Ruhs, Audubon.
w. ]. Callow, Audubon.
Ed Hansen, Ross.
Chas. Layland, Audubon.
A. B. Mendenhall, Audubon.
B. J. Black, Audubon.
Will McLeran, Audubon.
e. B. Thomas, Audubon.
F. l.. Anderson, Ross.
The following shall be the officers
of this corporation until the next
annual meeting:
B. J. Black, President.
Will McLeran, Vice-President.
f. B. Thomas, Secretary.
F.. L. Anderson, Treasurer.
Article VII.
The affairs OF this corporation
shall be managed and controlled by
board of nine directors, including
the officers, elected by and from the
stockholders, for such terms and at
such times and in a manner provid-
ed by the bylaws hereto. The
same to hold office until their sue
cessors are elected and qualified.
Article VIII.
The corporate seal shall be cir
cular disc containing the name and
address of the company in the outer
circle, and in the center, the words
corporate SEAL" with the year Of
organization.
Article TX.
The stock of this corporation
shall be worcestershire.
Article Y.
The private property of the stock
holders of this corporation shall be
exempt from execution for the debts
of the corporation, as provided by
the laws of the state of Iowa.