Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1921-05-18
of INCORPORATION OF
THE BUILDING COMPANY.

We, whose names are hereto sub
scribed hereby associate ourselves into
a body corporate under the provisions
Of Chapter L. Title TX Of the Code Of
assuming all the powers, rights and
privileges granted bodies corporate UNI
der said chapter and title, and do
adopt the following Articles Of Incor-
ARTICLE l.
The name of this corporation shall
be The Building Company.
ARTICLE H.
be at Manchester In the county Of
Delaware and State of Iowa.
ARTICLE III
The object and powers, Of the COR
poration include the purchasing, own
ing. leasing, selling, and holding Of
personal property and Real Estate in
Manchester, Iowa, and erecting and
maintaining buildings thereon And. Of
bonds and mortgages therefor, and of
pledging its assets or property as Sc
curity thereof.
All conyeyances of real property or
instruments entitled to be of record
made by the corporation shall be
executed by the president and counter
signed by the secretary; and all bonds,
notes, mortgages, releases and assign
or other claims that are required by
law to be made of record must be exc
cuted by the president and secretary
ARTICLE w.
The Amount of capital stock authori-
zed is Forty Thousand Dollars, divi-
ded into shares of One Hundred Dollars
each. No stock shall be issued until
the corporation has received payment
in full therefor at par in cash or pro-
perty; provided, however, that when
stock is to be issued for other than
money, it must be subject to the APP
proval of the executive council OF
Iowa, as provided in section 1641-b of
the Supplement to the Code, 1907, and
any amendments thereto.
ARTICLE "
The corporate period Of this corpora
ton shall begin on the date the Secre-
tary of State issues certificate of
incorporation, and shall terminate at
the expiration of Twenty years from
a two-thirds vote of the stockholders
at any annual meeting, or at a special
meeting called for that purpose, or by
unanimous consent as provided by law.
ARTICLE VI.
The affairs of this corporation shall
be managed by a board of not less
than five nor more than ten directors
who shall elect president vice-presi-
dent, secretary and treasurer and such
other officers, including an executive
committee, as they may see fit or as
may be provided for by the bylaws OF
this corporation.
ARIlllIE VII.
The annual election shall be held on
the End Tuesday of January Of each
year Until the first election, which
shall be held on the 10th day Of Janu-
ary 1922. the following persons shall
be directors:
L. Matthews. Manchester, Iowa; c.
J. Hockaday, Manchester, Iowa; W. N
Wolcott. Manchester, Iowa; Fred NJ.
Munson, Manchester, Iowa: Burton
Clark, Manchester, Iowa: Grant Bray
ton, Manchester. Iowa; A. NJ Cloud,
Manchester, Iowa; ]. ]. Burbridge.
manchester. Iowa: +. E. Dutton. Man
chester, Iowa: w. w. Matthews. Man
chester, Iowa
And the following persons shall be
officers: IN :
President L. Matthews, Postoffice,
manchester, Iowa; Vice-President, Fred
n Munson. Postoffice. Manchester,
iowa; Secretary. W. w. Matthews, Post
offfce, Manchester, Iowa: Treasurer, F.
r. Dutton, Postoffice, Manchester.
All officers of this corporation shall
hold office for the term of one year