Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-02-23
AN ACT TO INCORPORATE THE GLEN
HOPE MANUFACTURING COMPANY.

srcrroN l. BE it enacted by the Geaerai .3ssenaby o.
ae State Of Indiana, that WILLIAM BANcRoFT, together
all persons who become Stockholders
pursuant this shall be- and they are hereby eonsu-
and declared body corporate 10 all ntehts and urpo-
y By the and style of the Gtea Hope 1nattr-
Compaay by which mama they and ther successors
and assigns shall have continual succession aud be able and
capable equity and 90 sued plead and DO
mpeaded defend and be defended and be
ID unto, in ofcompeen jursdicton make and
ue common SEAL and the same TO alter change
pleasure. Aud they and their body ,or-
by the Aforesaid name shall be competent
bic of purchasing holdings using and conveying proper
rwhatsoever, or PERSONAL which now belongs
purchased by said company, for the pur
of prosecuting tho business OF their association and
said corpora shall fifty years from the
y day of March, 1889.
SEC g. The capital stock said Company shall not be
less than twenty thousand dollars, than hun
drsd thousand dollars in shares of fifty dollars each
SEC s. The said William Bancroft shall sole d.
of said corporation until the third Monday in March
Il 1880, and until Others elected
SEC H. Three directors shall be chosen annually by the
The election be held the third
Monday in March 1899. and they shall bold their offices
until their chosen under such
gula bye-laws of the corporation
Porided, that vacancy by dsath lion
oyerise be filed by tho remaining directors until
The annual election.
SEC s. The said corporation shall be considered
personal property and shall be assgaole asrneaby TO
rules and regulations the Board of Directors
make and prescribe; but no transaction affecting the cap
itsl said shall be valid until the shall be
books OF said Company, matter of Record
til all other claims which said Company may have
against the stockhoder making transfer shall be renqush
Cd.
SIC G. The Stock holders of said Corporation shall duly
held responsible their individual capacity for the
respective subscriptions said stock Pro-
sided that said company should any fail OF be-
come nsovent- and lis property should be insufficient IN
hudae all just and legal debts, dues and demands, and
that the said directors shall found guilty of vio
atng OF the letter spirit of this charter
should Agen, orders of said Directo
either such Directors Agents, their legal repre-
sentaiives shall become liable the amount of such
failure or insolvency. otherwise their repective Liabilities
shall he ON an equal footing with other stockholders
SIC :. majority OF tho Directors shall quorum
60 transact the business said Company and NAV
sah oyeaws rules and regulations they NAV deem ex
of the government of said Corporations ncon-
Gens with this charter laws and constitution of this
state, Of the United States: ana they shall have mi
pWl ana authority TO put inio operation all the designs
contemplated b. this act
SEC. g. The Directors shall have ,,,ss- =, INV ,,. .,
eeNe ana by due of law the collection
any and all subscriptions the capital said cor
with all of suit any or dam
when they may assess for delinquency refusal
pm OF subscribers their respective instruments
dmg 20 the terms of subscriptions but such shall
exceeding twelve and half per Oh the amount of
" ns,alRent due by such delinquent
ssc9The Directors shall times keep or cause to be
pt al some suitable place proper books OF accounts in
ssh shall be registered transactions of said
aoa; and said books during all hours shall be
cs to the inspection of the Stockholders said Com
&C H. The corporation shall into any Bank
BUSINESS for the purpose of issuing bills of bills
" say description to pass circulating medium.
SEC H. The Stockholders in said Corporation shall be
pectvely liable debts by or damages acc,u-
Sgainsi the said Corporation during the time thew as
sock-hoiders respectively proportion the amour,
neir stock severaiy held TO be by sui, in
9a or otherwise Ioriaea, that such liability
as attach rs aforesaid, there shall be return of ,Ir
"a on execution against said corporation or an
"a, proceeding.
orc L. This &c, shall be and the same is hereby de-
ase 70 % public for the purpose. specified
I "a sake effect and be in force from after cer,-
pT shereof shall have been deposited the Clerks Of
- " ashe county Prorided that subsequent Leg ii
=. may after and amend repeal this charter BY =
~ " wo-ihirds Of each branch thereof.
approved, Feb. A,h, 1889 -
DAVID WALLACE.
W Ind ana. Sccretary's Office S. !,
IL BRowN, Secretary State do certify thar IL
g. Is 'ruo copy of the original &C, o file in NV oil
In testimony whereof, have hereunto Sc, NV I'll
,.., had, and Affixed the State a., Indiana nd
1'f polls, this l4,h day of February, 1899
WM.J. BROWN, Sec,ry Stats. an
WA.s. s., do hereby certify that tho fore ~
= Clera. going Charter was duly f.d i, on
NJ Isa9 mes Of said County on the 18th dav Of F.b,
JOHN FINLEY, Cl.rkw.C.C. es,