Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-01-18
NOTICE OF INCORPORATION


Notice is hereby given that the
undersigned have organized a cor
poration for pecuniary profit under
the provisions of Chapter /, Title 9,
of the Code of Iowa, and amend
mepts thereto.
The name of the corporation shall
be the DEBORAH Pioneer Oil and Gas
Company. and It's principal place of
business shall be in the City of De-
corah. County of Winneshiek and
State of Iowa.
The general nature of the business
to be transacted by this corporation
shall be TO drill and develop for oil
and gas in the State of Iowa, and
to acquire real estate by leases,
grants and conveyances on which to
drill and develop for such oil and
gas, or 10 be used for other purposes
IN connection with said corporation,
10 sell or release such real estate
or leases, 10 purchase oil and gas,
and 20 treat, refine, store or sell
such oil or gas produced from it's
wells, or purchased, and any products
therefrom, and 10 do all acts or
things that are generally considered
incident to such business.
The capital stock of this corpora
ton shall be one hundred twenty five
thousand dollars ($125 ,000. 00), and
shall be divided into shares of one
hundred dollars (S100.00) each. No
stock shall be issued until the COR.
poration has received payment in
full thereof at par in cash or pro-
perty, provided, however, that when
stock is to be issued for anything
other than money it must be upon
proper action of the board of direc-
tors and subject to the approval of
the executive council of the State
of Iowa.
The existence of this corporation
shall begin on the date the Secretary
of State issues his certificate of in
corporation, and shall terminate at
the expiration of twenty years from
the said date, unless sooner dissolved
b. two thirds vote of its stock
holders.
The affairs of this corporation
shall be managed by board of
four directors, who shall elect "a
president, vice president, secretary
and treasurer, and the directors may
appoint such other officers as the
convenient transaction of its business
shall require. or as may be provided
for by the bylaws of this corpora
ton. The number of directors may
be increased by the stockholders at
a regular or special meeting. The
office of secretary and treasurer may
hr ta1 in
board of directors shall have general
poration and all of the powers of
the corporation are vested in the
board of directors except otherwise
provided by the bylaws of this cor
poration. The board of directors
shall be elected by the stockhol ders
at the annual meeting of the corpor-
alton, and shall hold office for one
year and until their successors have
been elected and accepted office.
Any vacancy in the board of dir
ectors shall be filled by the remain
ing members of the board, and the
persons so appointed shall hold Office
until the next annual meeting of
: the stockholders.
The annual meeting of the stock
holders shall be held on the first
Saturday in October of each year,
and until the first annual meeting
the following officers shall be direc-
tors: George Kessel, Cresco, Iowa;
: A. E. Kenyon, DEBORAH, Iowa; Ed.
Youmans, DEBORAH, Iowa; and G. +.
Fagg, DEBORAH, Iowa.
. Until the first annual meeting OF
. the board of directors the following
named persons shall be the officers
of the corporation: President, George
Kessel, Cresco, Iowa; Vice President,
A. L. Kenyon, DEBORAH, Iowa; Sec
. rotary and Treasurer, Ed. YOU
mans, DEBORAH, Iowa.
All officers of this corporation shall
hold office for the term of one year
or until their successors are elected
: and qualified. Every director shall
be a stakeholder and if 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 its membership between
I, the annual elections by the appoint
ment Of qualified persons for the re-
mander of the term.
At all meetings of the stockholders
each stakeholder shall be entitled e
one vote for each share of stock held
by him, which vote may be cast
either in person or by proxy duly
authorized i'm writing.
The highest amount Of indebted
|, ness to which this corporation shall
at any time subject itself shall DC
an amount not in excess of one-hali
OF its capital stock then issued ano
outstanding.
The private property of the stock.
holders of this corporation shall be
> exempt from corporate debts.