Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-10-28
OFFICIAL PUBLICATION.
Renewal Amended and Substituted
Articles of Incorporation of the
MarshalltoWn State Bank, Of Mar
shaIltoWn, Iowa.


Articles OF Incorporation of the
Marshalltown State Bank, of Mar
shalltoWn, Iowa.
Article /. Name and Place OF Bust
sness.-The name of the corporation
shall be '"MarshaIltown State Bank
and its place of business shall be i'm
the city Of Marshailtown, county of
Marshall and state of Iowa.
Article III. Business.-The general
j nature of the business to be trans
acted by this corporation shall be
that of state bank, conducted Under
the provisions of chapters IL. IL and
PA of title IN of the code of Iowa
and acts of the legislature safnenda-
tory thereto; and this corpora ton
hereby assumes and takes to itself
all and singular the powers conferred
upon state banks by the laws of Iowa
and accepts all the duties andaobliga-
tons imposed thereby.
Article III. Capital Stock.-The
capital stock of this corporation shall
be one hundred thousand dollars
& (s100.00o.O0). and shall be divided
into shares of one hundred dollars
($1(0.00) each, and shall be fully paid
before the corporation begins the
5 transaction of its business.
Article w. Duration.-The corpo-
rate period of this corporation will
expire on the 26th day of June, 1920,
and is heRby extended, under this
renewal for a further period of twenty
years; and the corporation may con-
tinue the transaction of business
when certificate of the. superin-
!, tendent of banking shall have been
issued authorizing it to do so.
Article v. Board Of Directors and
Officers.-Section L. The affairs OF
this corporation shall be conducted
and managed by a board of seven
directors, whb shall be elected from
the shareholders at the annual meet
3ing Of the corporation and shall hold
office for the term of one year or
until their successors are elected and
qualified and have accepted office.
Section 2. Any vacancy in the
board of directors shall be filed by
thsremaining members Of the board
and the persons SO appointed shall
hold office until the next annual
4 meeting Of the stockholders.
Section s. The board Of directors
shall elect. a president and one or
more vice presidents from its mem
bers and shall also elect cashier
from the stockholders. who may or
may not be member of the board OF
directors, 2 and who shall also act as
secretary of the corporation. It may
also elect and employ such other Off
GERS and clerks as may be necessary
in the transaction of it's business, and
shall fix the compensation of all Off
GERS and employees,
Article VI Annual and Special
Meetings OF Stockholders I.
The annual meeting of the stockhold-
ers shall be held at the office of the
{ corporation on the second Tuesday in
December of each year, beginning
with the. year 1920, at which time the
stockholders shall elect "a board OF
directors and transact such other
business as may lawfully come before
them.
Section o. Special meetings of the
stockholders may be called by the
president, vice president or by a ma
iority of the members of the board OF
directors. or by the holder OF hold
ers Of q majority of the stock OF the
corporation. Ten 10) days notice, OF
the time and place OF such meeting.
except where otherwise provided by
given by the CASHIER or
the person or persons calling such
special meeting, by mailing notlce IN
writing to each stockholder, directed
to his address as shown upon the
books of the corpofation, which notice
shall state the object of the meeting
and no business other than that
named in the notice shall be trans
acted at such a special meeting, IN
less all of the stock of the corpora
ton shall be represented, and no op-
lection shall be made by any stock
holder to the transaction OF business
other than that named in the notice.
Notice OF special business to be trans
acted at the annual meeting of the
stockhoIdeN shall he given In the
manner and Ior the time prescfioeu
by law and these articles OF mcorpo-
ration for special meetings.
sec. 9. The voting at all stock
holders meetings shall be by oatlot
and each share of stock represented
by the holder thereof or by his proxy
duly authorized in writing, shall De
entitled to one vote.
Article VII. Provisional directors,
Until tie first annual meeting OF ti's
stockholders, the following named
nersons shall be the directors Of the
corporation:
G. e. Afney, postoffice address,
Albion. Iowa; N f. 8alch, poHofficc
address, >MarshalltoWn. Iowa; J.. q.
Classen, poetoffice address, Marshail-
town. Iowa; w. A. Davis, postoIHce
address, Marshalltown, loWat w. VI
Stricken, postofiice address, Mar
shaltoWn, IowaH e. c. Urine. post
office address, Marshalltown, Iowa,
A. Turner, postoffice address,
Marshalltown, Iowa.
Article VIII Annual meeting OF
board OF directors.
The annual meeting of the board
of directors shall be held on the
fourteenth day of December, 1870,
and immediately following the adj
iournment of the annual meeting OF
the stockholders. at which time it
shall elect a president, vice president
and cashier, and may elect or en-
ploy such other officers, clerks, or
employees as shall be deemed neces-
sary for the transaction Of the bust
ness of the corporation, Until the
first annual meeting Of the board OF
difectorsf the following named per-
sons shall be the officers Of the cor
poration:
President, A. r. Balch, postoffice
address, Marshalltown, Iowa; vice
president, G. A. Turner, postoffice
address, Marshalltown, Iowa; cashier
C. c. Urine. postoffice address Mar
shalltown. Iowat assistant cashier.
II. w. Jennings, postoffice address
AI.r .Ir,il ten Irn1.r