Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1921-05-25
ARTICLES of INCORPORATION OF
THE BIJILDING COMPANY.


We, whose names are hereto sub.
scribed hereby associate ourselves into
body corporate under the PROVISIONS
Of Chapter L. Title TX; OF the Code O.
assuming all the powers, rights and
privileges granted bodies corporate un-
der said chapter and title. and do
adopt the following Articles Of lncor-
poration' to-w niRr1cLE T.
The name of this corporation shall
be The Building Company.
ARTICLE IL
It's principal place of business shall
be at Manchester in the county OF
Delaware and State Of Iowa.
ARTICLE III
The object and powers OF the cor
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
Ali conveyances Of real property or
instruments entitled TO De OF recora
executed by the president, and counter
signed by the secretary; and all bonds,
notes. mortgages, releases ana assign
ments Of mortgages: liens. judgments IT'S
law to be made Of record must be exc
cuted by the president and secretary
= ~ - ARTICLE ".
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 ash. or pro, ,
stock is to be issued fol-. other than
money, it must be subject to the ap.
prevail IL the executive council Of
Iowa: as provided In SECTION 1S Sa 81
the Supplement to the Code, 1907, and
any amendments thereto.
y 49, ARTICLE V.
The corporate period of this corpora
tion shall begin on the date the Secre-
Incorporation. and shall terminate at
the expiration of Twenty years from
said date unless sooner dissolved by
a two-thirds vote of the stockholders
meeting called for that purpose. or by
unanimous consent as provided by law.
ARTICLE vi.
The affairs of this corporation shall
be by on
who shall elect a president, yfce-presi-
dent, secretary and treasurer and such
other officers, including an executive
may be provided for by the bylaws of
this corporation.
ARTICLE 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-
airy, 1922. the following persons shall
be directors:
l.. Matthews. Manchester, Iowa: G.
J. Hockaday. Manchester. Iowa; W. n.
Wolcott, Manchester, Iowa; Fred M.
Munson, Manchester Iowa; Burton
Clark. Manchester Iowa; Grant Bray
ton, Manchester, Iowa; A. NJ Cloud,
Manchester, Iowa: J. J. Burbridge,
Manchester Iowa; +. p: Dutton, Man
chester, Iowa; w. w. Matthews, Man.
chester, Iowa
And the following persons shall be
officers:
President, L. Matthews. Postoffice,
Manchester, Iowa; vice-President, Fred
1T. Munson, Postoffice, Manchester,
Iowa; Secretary, W. w. Matthews, Post
office, Manchester, Iowa; Treasurer, F.
E. Dutton, Postoffice, Manchester
Iowa. J.
All officers of this corporation shall
hold office for the term of one year
or until their successors are elected,
and have qualified. Every director shall
be a stock holder and il any director
shall sell or transfer his stock In
this corporation he shall at once cease
to be director. The board of directors
may fill all vacancies occurring in it's
between annual elections
by the appointment of qualified per-
sons to hold office for the remainder
of the term. Special meetings of the
may be called at any
time by the president giving ten days
notice in person or in writing to the
stockholders and shall be called by him