Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1920-06-23


or until their successors are elected
and have qualified.
ARTICLE VII.
This corporation commenced it's cor
porate existance on the 10th day of
April, a. D., 1900. and its corporate per-
| iod as fixed by its articles Of incorpora-
ton expired on the 10th day of April,
A. D., 1920, and is hereby extended UNI
! der this renewal for further period of
ARTICLE VIII.
The first Tuesday in April In each
year is hereby fixed as the time Of the
| annual meeting of the stockholders OF
| this corporation. Special meetings Of
/ the stockholders may be called at any
! time by the president upon giving ten
! hereof, 20 the stockholders and shall
| be called by him at any time upon re-
| quest of the stockholders representing
i a majority of shares Of said stock Of
SAID sad corporation and in case of his neg
| lect or refusal to call meeting, the
| parties owning stock to the amount of q
majority of shares may join in a call
/ of the stockholders, which meeting
| shall be the same as though called by
the president.
ARTICLE TX.
| Notice of the time and place of all
meetings of the stockholders shall be
or by the stockholders representing a
| majority of shares of stock of the cor
poration and published in one or more
newspapers CT the said city of Man
chester ten f10) DAYS prior to the
! holding of said meeting
ARTICLE Y.
The amount of capital stock author
lied is seventy-five l$75.000l thousand
Dollars each, That the capital stock
of this corporation shall be forever
worcestershire and transferable only
on the books of the corporation in ac-
Il. ~, i. IL
ed in the bylaws as adopted in pur-
suance of these Articles of Incorpora-
ton No stock shall be issued until
the corporation has received payment
perty; provided. however, that when
stock is to be issued for anything 6ther
than money, it must be upon proper
action by the officers or directors and
subject to the, approval of the eN-
ecutive council of Iowa, as pro-
vided in section 1641-b of the
Supplement to the Code, 1907, and
any amendments thereto. The capital
vote of two-thirds in interest of all
the stockholders. hv the adoption of
an amendment TO these articles. When
the outstanding capital is increased,
the additional shares shall be offered
to the existing stockholders propor-
tionately to their holdings at not less
than par.
ARTICLE XI.
The private, property Of the stock.
holder shall be exempt from liability
for the debts of this corporation.
ARTICLE XII
The Indebtedness of this corporation
shall not exceed two-thirds (2-3 of
ARTICLE XIII.
Every stakeholder shall be entitled
to one vote, either in person or by
proxy. for each share, of either pre-
ferred or common stock owned by him
at all meetings of the stockholders and
all questions arising at said meeting
shall be determined by majority OF
the votes cast thereat.
ARTICLE XIV.
This corporation shall have all the
powers granted or given to railway
corporations by the laws of the state
power which it may desire in the op,,
Grafton of its railway or railways, and
adept common seal
ARTICLE XIV.
The Board of Directors of this cor
poration shall have the power to adopt
bylaws and make all rules and regula-
lions deemed expedient for the man
agment of its affairs:
ARTICLE XVI.
These articles may be altered and
amended at any regular meeting of the
stockholders by vote of at least two
thirds (2-3) of the stock of said COM
event shall Article Eleven I'D be
unless the change be made by
the unanimous consent of all the stock |
holders of the Company
Dated this 8th day of June. A. d. 1920. |
JOS. HUTCHINSON, Pres.
l.. MATTHEW'S, Sec'y.
State of Iowa. Delaware County ss:-
BE IT REMEMBERED. That on
this sth day of June, 1920, before me, a
Notary Public in and for said county
and state, personally appeared Joseph
and L. Matthews, president
and secretary, respectively OF the SAID
and Oneida Railway Conn