The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1860-07-18

can rsceenmend it with great eonfaence.
Ii. e. JngersOll. Dentist
For ssie ~ my Dental Rss@s.
csrpsr IT yrd and Main Streets, Keokuk.
June -, 1850, ~ Il, .sss -
u rsseaes - IncsvRSrafssa OF the
k~sksk water Fewer ssA Canal
| Il NOW sliwhom ID may concern. That We, s..
IN y. Miller, WIN. Thom pscn, Nd. Alsxand der, j..
r. Hornish, Vim. Patssrsen y. M. Love, Vim. q.
Motizvic and Se0. y, smytb, have associated orr
| associated with us, incor p5rated company,
pursuant 10 Abe Irovisluns OF Chapter ~ OF the
Code OF Iowa, for the purpose Of constructing a
canal upon or convenient to tbs west bank u the
Mississippi river, bstween the city Of keokuk and
town Of Montrose, Lee county, lows, or some in
tervening points and 70 create water power for
N znufact uripg and other purposes, by wing dam
the head of said canal, extending into said riy-
sr, and by locks, dykes, aud such other improve
| ments - msy be deemed necessary and 10 sell
rent or appropriate the power thus created ~ may
be found most expedient and beneficial to the com
company, and also 10 sdapt and said canal, at
the discretion Of the company, Tor the purpose Of
steam bOat navigation.
Therefore, for the purpose Of carrying out the
object Aforesaid, and for the future government of
the company hereby created, do hereby adopt the
following articles of Incorporation
ara ai KToKnK MArEKP s isp AND 'e oA
NAL CO"
2 This eorporAtion shall commence on the list
day Of July, A. D. 1850, and continue for the full
term of City yesrs, and may be renewed by vote
OF three-fsurths of ali the votes cast at any regu
lar election.
3. 1hsprincipai place of business Of this eorpo
ration shall be tae city Of Keokuk.
4. The Capital Stock Of the company shah be
T. Al Nd nnfl I'D l..
creased TO Five Hundred Thousand Dollars by
| vote Of two-thirds Of the Directors, which stock
shall be divided and represented in shares Of One
Hundred Dollars each. and may be transferred on
the books Of the company in such manner and nm
der such rules the Directors of the company MAJ
| make and establish.
g. The Indebtedness or pecuniary liability of the
company shall 1T no time exceed one-haf the cap
| it4l stock actually subscribed; and the private
property Of the stockholders shall be exempt from
all liability for the debts Of the company, except
the amount al their stock subscriood and unpaid
All stock subscribed must be paid In such manner
and at such times may be required by the Board
of Directors but not 60 exceed ten per cent OF the
| sum subscribed every three months
9. The company shall have power to borrow
money, purchase, acquire and hold property, real
personal and MIXED, in their corporate name or In
the name of any other person In trust and for the
of the company, in connection with any other
organized company, or individuals, and NAV create
debts, issue bonds, notes other obligations and
mor gage, lease transfer, sell and convey ali the
property Of the company in the same mapner and
v the same extent private individuals can do.
/ subject, however, 10 these articles.
Z. The business of this company shall be con-
ducted by Board Of Directors, consisting of Eve
stock holders which mum Der may be increased To
which Beard Of Directors shall be elected by the
tock lders or their Representative annually ON
the LIST Monday in juno Of each year, except
the 6rst election, which shall be held ON the frat
Monday in August. 500, and II any elootion shall
4 asf h@ hall 81 tha
President may order election 10 be held on the
| first Monday Of any month thereafter by irwin .
two weeks pahlie notice Of the time and place Oh
holding the same. All officers shall hold their
| qualified.
3. The Board Of Directors shsl elect from their
number person who shall be the President of The
company, and they shall have power 70 elect or ap
| and also 70 employ all other assnts. otIoers nm,
Assbtants requisite for the rAnaaction and pr,se,
cution Of the business u the epnpany, AM. q,
their coDpensatio And Do al other legit .mAt,
business Of the company not In conflict With thes,
articles. k
i .. majority Of the hoard Of Dirsctors aha,
constitute quorum Tor the transaction OF busi
ness, but debts disabilities shall be incurred
Or ofcer. elected, excepting siarity Of all th'
Board Of Dirsc,ors concur therein. They shat
Il also hsvs power 10 make afi by-laws ana -eruls
lions they may deem neccssasy, which shall not 5,
Il contrary to law or thcse articfes.a ssH
" Inc Frestoent shall have the general super
visicx and direction Oh ahe business of the coupa
ny, and shall represent the company In the sirn
ing and execution OF AL contrasts aud other OBJ
cations, unless otherwise expressly provided and
directed by the Board who may delsgate that pow
4 or TO any o. her person. asHfs
i III. The Treasurer shah, before entering upor
the duties Of Ms once, into such obigation,
Tor the faithful discharge Of his duties o. thu
Board OF Directors may require, and shall submit
quarterly full report Of the condition Of ths
treasury.
IL. The Secretary shall keep journal Of III,
bylaws and other proceedings Or che Board, shsa
take charge OF All pspers ef she cornpxny and kesv
the sme.psopefly on Gle in the ofhoe 81 the CON.
pany, md ut Ill times shall submit all booka q nj
papers ocionEing 70 thecompsny 10 the Inspection
vt any stoekhoher desiring to see the same
4 Ii. Each stock holder shall be entitled 10 an,
vote Tor each share 81 capital stock he may own
and may vote in person or by proxy ii writing.
IA. All dividends declared and paid BY this com
pany shall be declared and paid pro rata o. Il,
amount OF stock actually paid Id, and from th
net potts OF the business 81 the company actuasy
realized. 80 &s4
/ Id. These articles may be amended or modis !.
BY vote Of twothirds u the stoc1h oiacrs. Il A
public meeting called expressly for that purpose.
4 SAM Il. MILLER, MM. PATTRKSON
WA. THOMPSON, J.. M. LOVE.
"a. ALEAANDkk, VIM. 8. MuGAVIC.
i -. r. HoRNISH, 0KO. d. sMYTH.
4 Keokuk. July IL, IS6o-d4w
nYYext II Arr x>rrM~~--