The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-02-02
NOTICE OF INCORPORATION.


corporation or the De LaSalle
knights OF Columbus Building Asso,
ciation, whose principal place OF
business is In the city OF keokuk,
Lee County, Iowa. The general nature
OF the business to be transacted by
the corporation is to buy. own, lease,
cucumber and sell real estate ana
personal property, wherever situated,
and to manage the same, and to exc
cute contracts relative thereto, 10
act as agent or attorney In fact Tor
any person, association or corpora
ton in the purchase, management
and control cf real and personal prop
erty. and in the sale or conveyance
OF same; to buy, own, exchange,
assign, transfer and sell all kinds OF
bonds. negotiable paper, investment
securities and stocks, including the
stock OF this corporation; to improve
real estate and 10 erect thereon
buildings or other improvements or
lappurtenances for the purpose OF
| Operating the same, or leasing all or
any part of tho same TO other per.
sons associations or corporations for
Operation, entertainment, pleasure,
profit or any other lawful purpose;
Ito issue bonds and other obligations;
to mortgage or pledge stocks, bonds
or any property acquired by 1t and
in general to have all Of the powers
with which corporations are invested
by the laws of the State OF Iowa.
The amount of the authorized capt.
itai stock of said corporation is Fifty
thousand dollars (S50.000.00) divided
into one thousand (1000) shares OK
the par value of Fifty dollars (S50.O0)
each. Said stock may be either COM
mon or preferred as the board OF
directors may from time to time de-
ltermine, but there shall not be issued
Tor outstanding more than Forty-hve
Thousand dollars ($45, 000.00) OF pre-
Iferred stock at any one time, and COM
mon stock shall be Issued 20 and owned
only by De LaSalle Council knights
of Columbus Number GIG of keokuk.
Iowa No stock shall be issued until
1.-THE corporation has received payment
in full therefor, in cash, property or
other equivalent approved and al.
lowed by the executive council OF the
state OF Iowa and be non-assessab,o
The corporation reserves the right
ito purchase and retire any or all pre-
ifeTred stock outstanding by paying 10
1.-The respective owners the par value
thereof plus the pro rata proportion
of the dividends for the current year
lin. which the same is retireds
The corporation commenced busF
ness on the date that its cerIihcate
Iof incorporation was issued by the
fSecretary OF State, to-wtt, December
l29th, 1919, and shall terminate twenty
years from said date unless sooner
Idissolved by vote of not less than
1.-TWO thirds t2-3) OF the capital stock
T.l. off atp e n -
icorporation are to be conducted by
board OF seven (7) directors and the
iofficers shall be president, vice
lpresident, secretary and treasurer.
The directors shall be elected by the
stockholders at the annual meeting
land the officers shall be elected by
the board of directors. The officers
and directors shall hold their Offices
for one year or until their successors
ARE elected and qualified. Vacancies
lin the board of directors shall be
filled by the remaining directors I'M
It'll the next annual meeting of stock
holders. Until the annual meeting
tof stockholders in the year 1920 the
following persons shall constitute the
board OF directors. L. W. McManus
leicester B. Schouten, James IT, Nc
fCarthy, John Tumelty, Joseph
tO'Brien, Thomas H. Joyce and Frank
tJ. Ewers. and the following shall be
iofficers: e. w. McManus, president
Thomas H. Joyce, yice-president;
leicester B. Schouten. secretary, and
John Tumelty, treasurer.
The annual meeting OF the corpora
ltion shall be held on the first Mon
day in February of each year and at
every meeting of the stockholders
each stakeholder shall be entitled to
one vote for each share OF stock held
by him.
The highest amount of indebted
ness 10 which the corporation shall
at any one time subject itself shall
not exceed two-thirds (2-3) OF its paid
IN and outstanding capital stock; but
1t may issue its bonds as provided by
Section 1911 Of the Code of Iowa and
amendments thereto.
The private property of the stock,
holders is to be exempt from liability
for corporate debts.
The articles of Incorporation OF
said corporation are recorded in the
office OF the recorder of Lee County
Iowa. at Keokuk in incorporation
book number at page 231 and in
the Office of the secretary OF state
of the state OF Iowa at Des Moines
and said articles are made part Of
this notice by reference.
: Dated Keokuk. Iowa, January 9th,
1920.
e. w. McMANUS,
CHESTER b. SCHOUTEN.
JAMES T. MCCARTHY,
JOHN TUMELTY,
JOSEPH O'BRIEN,
THOS. II. JOYCE,
/.