The Denison review. [volume] (Denison, Iowa) 1867-current, 1920-11-24
AMENDMENT TO ARTICLES OF IN.
CORPORATION OF PAULSEN
AND TWEEN INC.

4;s At asspeclal 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 t90) shares Of
capital stock, being the total amount of
paid up stock in the corporation and
all the stockholders Of the corporation
being present. the following proceed;
ings were had:
1t was moved by Henry Iwen and
seconded by Peter Paulsen that article
five (5) of the articles of incorpor ton
be repealed and in lieu thereof there
be substituted the following as article
five (5):
The authorized capital stock of this
corporation Is one hundred and ten
thousand $l10,000.00) dollars. divided
into eleven hundred u10O) shares of
the par value of one hundred ($100.O0l
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 non assessable .rhe
amount Of capital stock to- be paid IN,
in order to enable the corporation to
continue Its business, shall be fifty.nine
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 6)s of the articles Of
INCORPORATION was unanimously carried,
there being ninety (90) votes in favor
of the same.
1t was moved by Henry Iwen and
seconded by Peter Palllsen that article
seven (7) of the articles of incorporation
be repealed and in lieu thereof there
be substituted the following as article
seven ~:
The affairs Of this corporation shall
be conducted by board of not less
/ than five (5) nor more than seven ~
directors to be elected annually by the
stockholders at their regular annual
meeting or at a special meeting called
for that. purpose, a majority OF the
board Of directors SO elected shall con-
stitute a quorum for the transaction
Of business.
The motion to substitute the forego;
I ing for article seven (D of the articles
| of incorporation was unanimously car
ried, there being ninety (9O) votes in
favor of the same.
1t was moved by Henry Iwen and
seconded by Peter Paulsen and unani-
mously carried, there being ninety votes
in favor of the same. that the forego.
ing amendment to articles of incorpor.
alton shall be signed and acknowledged
! by the president and secretary of the
corporation, who are authorized to affix
the corporate seal thereto. ~
Henry Iwen, Peter Paulsen. 81
Secretary. President.
State Of Iowa, Crawford County, IS.
Before me, Clement J. WEIGH, a not
airy public in and for said county. per-
sonally appeared on this 31st day of
July. 1920, Peter Paulsen, president,
and Henry Iwen, secretary. OF Paulsen
land Iwen. Inc. said persons being each
to me personally known to be the ident-
lical persons who have subscribed the
foregoing amendment to the articles of
Incorporation as president and score.
tary of said corporation and acknowl-
edge the execution Of the same to be
their free and voluntary act and the
free and voluntary act of the said cor
poration.
Witness nv hand and notarial seal
ut Denison. Crawford county. state Of
Iowa, the date and day last above writ.
ten.
tseaD Clement ). Weicn.
46.4t Notary Public.