The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-10-01
Keokux n yaraul,c Company.

Kcokuw n y0rauiIc Company.
We call attention 10 the following Articles
Of Incorporation OF tho Hydraulic Company.
Tho gentlemen contested with It are men =
great busiuess enterprise, and have takan
hold OF this matter 10 Earnest. The accom-
plishm ent Of their scheme would confer m
calculable benefits on our city, and we trust
that they will meet with all the encourage
ment and success that project Of such i'm
mense importance to the welfare Of tho com-
munity entities it,
articles Of Incorporation Of the Keokuk
Hydrautic Company.
WHEREAS, BY On Act Of the General Assem- bly,
of the state Of Iowa, oontained In the Code Iowa
Chapter -, any number OF NPerscns are authorized
to incorporate themselves, under certain rules and
restrictions for various purposes including canals
and other purposes Of internal i'm provemsnts, With
POWERS usually vested in corporations kgsa2
Therefore, We the undsrsig ned do, by these Arti-
Giles Of Association in conformity to, and in com
pianes with the ACT aforesaid associate ana ncor-
p0rate Ourselves ipto corperate company, with all
The rights privileges and restrictions ipaludsd In
these Articles and granted 70 snch sssoc Ations BY
the Act aforssaid. FF@ g~
ARricLs l. The corporats name OF this Curp
ny shall be The Ksokuk Hydraulic Csmsony, :, and
the place Of business shall be tho City Of keokuk
and State Of Iowa.
ARTICLE 4. The general object Of tho COMPANY
shall be to constructs Canal from some point on the
Mississippi River, In the State of Iowa, between
the City Of Ksokuk and the town Of Montrose, for
the purpoze of creating water power, and for the
use and dispssi tion thereof.
ARTICLE g.. The amount OF the Capital Stock of
the Company shall be One Hundred thousand Dol
lars divided into shares of Ono Hundred dollars
each and shall be collected in instalmenk ut the
discretion of the Directors cf tho COMPANY and
the Capital Stock may be increased hereafter by n
vote Of two-thilds Of the Directors.
ARTICLE 4. There shall be elected I'VE Directors
who shall be selected from among the Stoc
and President, Secretary and Treasurer. These
officers shall be elected annually. Propided, how
ever, that the frat election Of Directors may be
| made at any time after one-fourth OF the CAPITA
Stock 10 subscribed and 1t Is also provided that ~
ter the first election If election shall not bc had
| At the time designated herein, the Preseent NAV
/ order election by giving four weeks notice il
some newspaper published in Lee county. Of the
| time and place of holding said election, and the
of6ccrs thus elected shall legally constitute tho
representatives OF the Company.
/ ARTICLE b. The Treasurer of the Company shall
give satisfactory security for the performance OF
the duties of his Office, to be approved Of by the
Directors and all the officers of the Company, be
fore entering upon their duties, shall make afida
vittefore competent authority, which shall be en-
70
honestly and impartially TO execute their duties 10
the be ST Of their skill and abilities and the OH
GERS elected and qualified shall hold their Offices
until their successors are elected and qualified.
ARrrcLg 8. majority of the Directors shall
constitute quorum to do business, and they shall
make such Bylaws and regulations Is they NAV
deem expedcnt, and which shall not be contrary 10
/ Law or these Articles of Incorporation.
ARTICLE I. A Journal Of the bylaws made
from time 10 time, and OF all the proceedings of
the Association, shall be kept by the Secretary and
an acronnt Of all receipts and expenditures shah
| be kept by the Treasurer Of the Company
ARTICLE 8. Certificates Of Stock shall be given
to tho Stockholders. and the same shall be signed
| by the President and Secretary of the Company and
may be transferred by endorsement on the back OF
the Certificate, and recordo Of the transfer shall be
entered on the books OF the Company before any
such transfer shall releasethe former holder or ia
| any manner be binding on the Company.
ARTICLE .. Each Stakeholder shall be entitled
10 vote for each share of Capital Stock he NAV
own. and may vote IN person, or by proxy in wri.
| ting
ARTICLE 10. The Directors, after being elected
and qualified shall cause Books TO be opened from
time 10 time for the sabscrption of Stock at such
place and under such restrictions and regulations
AS two.thirds Of tho Corporators shall hereafter
prescribe.
ARTICLE Ii. The debts and liabilities of the
Company shall at no time exceed two-thirds Of it's
Capital stock subscribed.
ARrIol.s Il. The private property of the indi-
yidual tockholders shall be exempt from the cor
| porate debts OF the Company.
ARTICLE Is. his corporation shall commence
on the 2dth day OF September, A. D. 1852 ana
shall continue the full term and period of fifty
year,, and may be renewed agreeHbly to the Act Of
the General Assembly aforesaid.
| nkricLE IA. Any owner Of the land along the
line of thr Canal contemplated in these Articles
may have the privilege and benefit of the water
power created thereby, upon such reasonable terms
and conc itions - the Board Of Directors of this
Company shall prescribe.
Dated at the City of Keokuk, the Goth day Of
September, A. d. 1863.
VIM. RUDDICk,
4 j. TAKBELL,
| j. e. RAMSEY,
/ III. r. REEDEH