The Leon reporter. (Leon, Iowa) 1887-1930, 1920-06-17
Notice Of Incorporation.

Notice is hereby given that the
undersigned have associated them
|selves into body corpoate under
the provisions of Chapter ], Title *,
of the Code of Iowa and acts
amendatory Thereof, assuming all the
ed bodies corporate, accepting all
the duties and obligations imposed
by said chapter and title, do adopt
the following articles Of incopora-
Article /. The name'of this cor
poration shall be The Farmers Pro-
duce Co.
Article 2. Its principal place Of
business shall be at Davis City in
| the county Of Decatur and state OF
Iowa
Article 3. The object of the cor
poration is for the purpose of buying
and selling all kinds of produce,
other products of the farm that can
be safely handled by said com pany
The corpara ton shall have the
right to buy, hold, sell and convey
personal property and such real
estate as may he necessary Or con-
|venient for the proper conduct Of
by the corporation shall be executed
by the president and countersigned
\ by the secretary with an impression
Of the corporate seal attached, if the
corporation has seal. And all re-
leases OF mortgage liens, judgments
Or other claims that are required by
law to be made Of record may be
executed by the president, vice
president or secretary of the corpor-
alton.
Article 4. The amount of capital
stock authorized is 100000 divided
into shares Of $1,000 each. The. cor
poration may commence business
when s stock to the amount OF
sued. No stock shall be issued I'M
til the corporation has received pay
ment in full therefor at par in cash
or property, provided, however, that
when stock is to be issued for any
thing other than money, it must be
subject to the approval of the execu-
tive COUNCIL Of Iowa, as provided in
section 1641-b of the supplement to
the code, 1913, and any amendments
thereto. The capital stock authorlZ-
ed may be increased by vote Of two
thirds majority in interest of all the
stock holders, by the adoption of an
amendment to these articles. When
the outstanding capital is increased
ed to the existing stockholders pro-
portionately to their holdings at not
less than par.
Article 5. The corporate per-
iod of this corporation shall begin
on the date the secretary Of state is
sues certificate of incorpora ton,
and shall terminate at the expiration
dissolved by majority vote OF the
stockholders at any annual meeting,
or at a special meeting called for
that purpose, or by unanimous con- |
sent as provided by law.
Article 6. The affairs Of this
corporation shall be managed by. a
board of nine directors, who shall
secretary and treasurer and such
other officers, including an executive
as they may see fit or as
may be provided for by the bylaws
Of this corporation.
Article 4: The. annual election
shall be held on the second Tuesday
of March of each year, unit! the first
second tuesday sdfts in March 1920. The
ors. N. ", ordway, Davis
5ity, Iowa; D. H. schoonoyer, Davis
1ity. Iowa; J. B. Dale, Davis City,
owa; r. L. Flora, Davis City, Iowa;
Nyles Boeger, Davis City, Iowa; B.
aeG5ayan ba Davi Gt CITY ow iowa F. Me-
lain, Davis City, Iowa; o. Z. Black,
Davis City, Iowa;
The following persons shall he Of
icerS: President, d. II. SchoOnover,
Davis City. Iowa; Vice President, r.
:. Flora, Davis City, Iowa; Secretay,
3: McClaraan, PAWS 5a City, i; 19 rit.
owa 0e Ail OFFICERS # ' Of this corpor.
ltion shall hold office for the term
If one year or until their successors
ire elected, and have qualified.
every director shall be stakeholder
md if any director shall sell or
ransfer his stock in this corporation
,e shall at once cease to be direct
II. The board of directors may fill
,e"ship between annual elections by
he appointment, of qualified per-
IONS to hold office for the remainder
If the term. Special meetings Of
he stockholders may be called at
my time by the president upon civ
ng ten days notice in person or IN
writing to the stockholders and shall
equest of stockholders representing
fifty shares of the stock, and in case
If his neglect or refusal to call a
Meeting the parties owning stock to
he amount of fifty shares may join
n a call Of the Stockholders, which
nall pc the same as lnCuSu cdilSu |
" the president. At all meetings of
he stockholders each stakeholder
hall be entitled to one vote for each
hare of stock held by him, which
ote he may csst in person or by
written proxy.
Article s. The highest amount of
to which this. corDor-
ton may at any time subject itself
;hall not exceed twO-thirds. OF Its
,aid up and outstanding capital
stock.
Article 9. The private property
If the stockholders shall be exempt
rom corporate liability except to
he extent and in the manner provid-
I'd by the laws Of the state of Iowa.
Article 10. The corporation may
make and alter bylaws at pleasure.
and may authorize the board Of
directors to do so, subject to such
restrictions as may be deemed advls-
able.
Article II. Amendments to these
articles may be made at any annual
of the stockholders, or a
snecial meeting called for that pur-