The Annotated Corporation Laws of All the States, Generally Applicable to Stock Corporations ..

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§ 1619.
[The general power conferred upon directors to conduct affairs of a corporation carries with It as a necessary Incident implied powers essential to give effect to general powers. Hence, adoption of a by-law, even in the absence of express power.
Is not without color of authority. Hygum v. Ins.
Co., 11 Iowa, 26. A by-law is entitled to a reason- able construction. Id. 25. By-law of insurance company printed in a policy is blnjlng upon holder of policy. Id. 21.] Articles adopted and recor
...ded.
§ 1610. (As amended March 28, 1898, and April 7, 1898.) Before commencing any busi- ness except their own organization, they must adopt articles of incorporation, which must be signed and acknowledged by the incorporators, recorded in the office of the recorder of deeds of the county where the principal place of business is to be, in a book kept therefor, and the recorder must, within five days thereafter, indorse thereon the time when the same were filed, and the book and page where the record will be found.


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