Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1851-05-29
"a. ,,.orno,,,,on nj .as Bariinqtoa and Louisa

us
paid in On saia stock, in such sums as they nay
deem necessary. not to exceed twenty-five per
cen,um at one Ii ne, having first given thirty
days notice in news PAPER published IN Burning
ton, that sue psyment required, and upon default
OF any stocRhalder to make payment as required.
the nount Of such installment with interest At the
rate Of zen per centum, per annum, m y be recov-
srei by suit brought IN the name oi SAID company
against such defauting s,ockhol ler-os by erer Of
the Board of Directors his stock may I've forfeited
and becone the property of the company.
9th. The Articles Of Incorporation were approved
and adopted ny the stockholders on the 81 day Of
My, 4. D. 1881. and said Incorporation is to con-
time Tor the term of twenty years.
9Th. The officers Of said company are President.
Treasurer, and four Directors, who constitute the
Board OF Directors for the transaction of the hush
ness pertaining to the company. The time OF hold
ing elections is the ID day of May, annually. Tn"
names Of the present officers are, Hiram Leonard,
President; John G. Foote. Treasurer, and VIM NJ
Graham, Luke Palmer. 5. Fuilenwider aud Abner
Leonard, Directors.
The following are the Articles Of Incorporation
~ adopted, to wit:
Articles Of Incorpora alton.
Articles Of Incorporation made and entered into
under and in accordance with statute OF he state
Of Iowa. entitled An act to authorize general In
corporations,' approved February 22d. 1917, for
the purpose of procuring the title to the land, by
purchase or otherwise, for road from Burlingt n,
Dcs Moines county, in said Stat TO Virginia Grove
struct thereon Plank Roaa, to be held, owned and
controlled by said incorporation, and to provide
Tor the management aud control of the funds, prop
erty and business of said Incorporation.
Article list. Said Incorporation shah be called
"TAe Burlington and Louisa County PLANK Road
Company and by such such name shall contract
and be contracted with, may purchase, hold an.
convey real estate may sue and he sued, and may
have common seal, and said Incorporation shall
continue for the space af twenty years.
Art. Cd. Any person my come a stakeholder
and party to these articles OF Incorporation, who
shall subscribe any number of shares in the Books
OF SAID Incorporation, hereafter TO he opened, or
who shah become the holder hy tran fer assign
ment Of any share or shares, as hereinafter proyi-
ded for.
Art. 81. The Capital Stock of said company shall
be Sixty Tn 'usa"d Do lars, and may be increased
at the will of said Iacnrpora,"p, aud shall be dNi.
ded into shares Of Fifty Dollars each.
Art. sth. So soon as tive tn usand dollars of the
capital stock IS taken the Stac kholGers shah
BILE at Burlington on the call OF those open,tg the
books. when an inSiallnent Of i've per centuin nn
each share shall be paid To those ore The books
In trust TO be paid to the Treasurer when elected
aRd Qualified. If the per centage on the five thou
sand dollars shall be paid IN, thereupon election
shall be held OF President, Treasurer and four
Directors. all Of whom shall be stockholders, and
shall hold their Offices respectively for the term Of
one year and until their successors are chosen and
qualified.
Art. S. The President and Directors shall procure
the conveyance Of land for the right of way, aud
take such measures as they may choose for the con-
struction ami completion OF said road or any part
thereof; shall have power to levy and regulate the
tolls to be charged AMI collecte the use of said
road, aud to determine where toll gates shall be
set up and shall control the funds of sail Incorpor-
alton, and invest the same as the stockholders may
direct.
Art. eth. The Treasurer of said company shall
give bond with security to The salts faction of the
Board Of Directors, conditioned Tor the safe keen.
ing Of all moneys belonging to said company. and
the faithful discharge of hi, duties as Treasurer
He shall mt pay out any m ,ney except upon the
order Of said board to be first de and registered
in the books of said company.
Art. TIN. Sail board shall employ some compc-
tent person 10 act rs Secrettry, who shall keep the
DOCKS Ut said company, and Keep q faithful account
wherein OF all trausartions OF said company AMI
who sh'il receive such compensation rs may be
fixed by said d ,ard. Said books shall At all times
be open to IN, inspection of any stakeholder.
Art 6ih. There shall tie a mect,n, of the stock.
holders Of sail Inrorp ration. six months after the
hrst election OF officers, ani semi-annuaily there
after. The Hoard "f Directors shall have pawer to
call special meetings designating the time AMI place
ana giving six days notice thereof in such
pcrs as ma, be published in Burlington. The place
OF holding all regular meetings. shall be designated
BY the By Laws OF the Company.
Art 3. At any meeting Of the stockholders. the
articles OF Incorporation may be altered or amended
bya mtjority Of the stockholders present, thirty
days notice Of said ame n,nent heing given. The
Stockholders shall have power to remove any officer
on complaint, ny the same vote, notice being first
given to said officer Of such effort to remove him
with the cause Of complaint against him. And al
al meetings Of said Stockholders. ca share shall
be entitled to cast vote on all questions coming
befnre said meeting Tor decision, aud all shares m
be represented, ana vote by proxy.
Art. 10th. The said Board OF Directors shall have
power, II said capital stock shall not he subscribe,
within six months, to borrow money for the com
petiOn Of said roai, provided a m iority of sai,
stockholders shalt consent to the same; AMI shal
n gatI nal nv mar ~
payme emit of said loan or loans.
Art. nth. Dividends on said Stock shall be de-
clared quarterly, but no dividend shall exceed IF
teen per rentum, per annum, the amount of 9, y,
ital stocks and the surplus of the rev of ,aid
road over hneenp per centam. after paying all cxpcn
ses and liabilities Of said company, shah he invest.
81 by loan at ten per centnm a sinking fund, Ia
Do devoted exclusively to the rebuilding or repair
Of saide 'ad.
Art. Nth. Certificates of stock in said road shall,
% issued to all subscribers, which shall he siyn.
oythe PRESIDENT, and counterstgned by the Secre-
nry. and sealed with the seal Of the Company--apd
all contracts to bind said camnanv shall he cxac,
ted in like manner.
Art. lath. TIE stock of said company shall he
transferable by endorsement on said certificates
and hottce Of such transfer shall he served on the
Secretary of the Company, whose duty il shall h,
TO register such transfer.
Art. 18th. The Board of Directors shall have
power any time' when in their Judgment. the in.
ScFests OF the company demand il, to reouire in.
staiiments to be paid sail stock in such sums
shey may deem neces sary, OF To exceed twenty.
ave per centum at any one tire. having FIRST give n
tairty Jays notice in newspaper publ he's in Bur.
nnstons that such payment is requii ed. and upon
oe!auW OF any stakeholder to make pa, me nj as re
qMteu. tnc amount Of such instalment. wi th inter
est a. the rate OF ten per centum per annum NAV
% recovered by suit brought in the name of s,,si
company against such dcfaulting stockho,,,ar a, :;
the discretion Of the Beard of Directors m. -
held ny such stakeholder may be forfeited t ,ho
use Of said company, and may be !, declared NV m,
Board OF Directors. = '"e
Art. 18th. The private property Of the stockho,a
ers snail be exempt from liability for the debts OF
the Incorporation, as provided for in the sixth sec
tion OF an act OF the General Assembly of the state
OF Iowa, entitled can act II authoriz. General In
corporatians," approved February 2ad. lsa7.
the toreg,ny Articles Of Incorporation shall hc
entered in the books winch sh ~ contain The suh
scripsi0ns nf shares In said capital stock; and said
books shalt be opened at the followif g places and
under the direction of the following persons: Al
Burlington. A. w. Carpenter ami J. F. ralant; al
Yellow Spring township, 8. Fullenwi,ier H, Leon.
ard and J. II. Leatherm,n; at Frank TOWNSHIP,
James Allen; and at Virginia Grove in Louisa ca.
Cice-o hamilton.
L I. D. CRocKER, Secretary Of said Company do
hereby certify, that the foregoing are the Articles
OF incorporation under which this company has or
san'zed and that the persons named in the forego.
ing notice OF incorporation the officers elec ed
Tor the hrst wear. T. d. CROKER,
Nav Cd. 1881. Secretary.
fresh Dru.s anl Medicines.
THE subs rriber has received his spring supplies
= OF goods in his line. to which h respectfully
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