The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1860-07-19
PEARL
TOOTH POWDER.

Ii. C.. JngerkOll, Dentist.
For sale at my Densai RI ems,
Corner ef 3rd and Main Streets, keokuk.
June Is, 1860. d
Articles Of Incorporation of the
KeGkuk water Power and Canal
Company.
II NOW all whom ii may concern That we, a.
IN Y. Miller, Nm. Thorn pson, nj. Alexander, j.
p. Hornish W IN. Patterson, j. nj, Love, Vim. y.
Msiayia and Geo. ID. Smyth, have associated
selves and such persons may hereafter become
associated with uE, as an ineos porated company,
pursuant % tho provisions OF Chapter As OF the
Code OF 10 va, for the purpose OF constructing a
eanal upon convenient 10 the west bank OF tbs
Mississippi river, between the aty Of keokuk and
town Of Montrose, Lee county, Iowa, or some in
teryening points, and To create water power for
man nfaefnring and other purposes, by a wing dam
81 the head of said canal, extending INTO said riy
CIR, and by locks. dykes, and such other improve
ments may be deemed necessary I; and TO sell,
rent, or appropriate the pewer thus created, may
be found most expedisnt and beneficial to the com
company, and alFo to adapt and use said canal, ut
the discretion of the company, for the purpose OF
steamboat navigation.
Therefore, for the purpose of carrying out the
object afor essd and for the future government Of
the company hereby created, do hereby adopt the
following articles Of Incorporation
i. The name and style OF this company shall
be "THE KkoKUK WATER-PoWER AND Ca
NAL CO"
2. This corporation shall commence on the lst
day of July, A ID. 1860, and continue fur the full
term of City yr~rs, and may be renewed by q vote
Of threefsurths OF all The votes cast al any regu-
lar election.
3. The principal place Of business Of this corpo-
ration shall be the city OF Keokuk.
4. Tbs Capital Stock CT the company shall be
TIVE Hundred Thousand Dollars, and may be in
creased to Five Hundred Thousand Dollars by'a
vote OF two-thirds Of the Directors, which stock
Hundred Dollars each. and may be transferred on
the books Of the company in such manner and q
der such rules as the Directors of the company may
make and establish.
8. The indebtedness or pecuniary liability Of the
company shall at no time exceed 0ne-haf the cap
ital stock actually subscribed and the private
property Of the stockholders shall be- exempt from
all liability for the debts Of the company, except
20 the amount Of their stock subscribed and unpaid.
All stock subscribed must be Paid in such manner
and a. such times may be required by the Board
Of Directors but not to exceed len per cent Of the
sum subscribed every three mof tbs.
q. 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 othsr person In trust and for the
Of the company, In connection with AIRY her
organized company, or individuals, and may create
debts, Issue bonds, notes or other obligations ana
mortgage, lease transfer, sell and convey all the
property Of the company in the same manner and
10 the same extent AZ private individuals do,
subject, however, to these articles.
Z. The business Of this company shall be con-
Quoted By Board Of Directors, consisting of five
stock holders which number may be increased to 4,
which Board Of Directors shall be elected by the
stock h0 lders their representatives annually on
the LIST Monday in June Oh each year, except
the first election, which shall be held the first
Monday In August, 1850, and III any election shall
not be held 1t the time herein designated, the
President may order On election to be held ON the
first Monday Of any month thereafter by giving
two weeks public notice ct the time and place Of
holding the same. All officers shall hold their
Offices until their SUCCESSORS duly elected and
qualified.
8. The Board Of Directors shall elect from their
number person who shall be the President Of the
company, and they shall have power 70 elect APP
point Secretary And Treasurer of the Company,
and also to employ all other Agents, officers ami
ASSISTANTS requisite for the transaction and prose
cution of the business az the company, and fix
their com ensation, and do al other legitimate
business Of the company not in conflict with these
articles.
v. A majority of tho board of Directors shall
| constitute quorum for the transaction of bust
ness, but debts or labii shall be incurred
or officers elected, excepting majority Of MI the
Board OF Directors concur therein. They shall
also have power to make all bylaws and regula-
tons they may deem necessary, which shall not be
contrary to law or these articles
10. The President shall have the general super.
vision and direction Of the business OF the compa-
ing and execution OF all contracts and other obii-
cations, unless otherwise expressly provided and
directed by the Board, who may delegate that pow
or 10 any other person.
|. n. The Treasurer shall, before entering upon
the duties Of his oce enter into such obligations
for the faithful discharge Of his duties MS the
Board OF Directors may require, and shall submit
quarterly . full report OF the condition of the
treasury.
IL. The Secretary shall keep journal OF the
bylaws and other proceedings Of the Board, shall
take charge OF all papers Oft the company and keep
Re "a oiiisv VI .ne COM
pany, and AT all times shall submit all books and
papers belonging to the company 10 the inspection
Of any stockholder desiring TO see the same.
H. Each stakeholder shall be entitled to one
vote for each share of capital stock he may own,
and may vote in person or BY proxy In writing.
L. All dividends declared and paid by this com.
pany shall be declared and paid pro rata on the
amount Of stock actually paid in, and from the
net potts OF the business " the company actually
realized.
10 These articles may be amended or modified
by vote Of two thirds Of the 1T any
public meeting called expressly for that purpose.
sAh'L \. MILLER, Nm. PATTERSON.
VIM. THOMPSON, J.. M. LOVE-
NJ. ALEXANDER, WM. y. Mc8AvIC,
J. r. HOhNISH, GkO. b. SMYTH.
Keokuk, July II, lSoe-dAw
M.ync nsla's Boeks for the Boys.
ID Boy Tar.
Young YAgers,
Plant Hunters,
Young voyageurs,
Desert Home.
ouDEN, Bk0WNELL 4 CO.'S
CITx Book EroRY.
MYTH b2 MAin-st.
SLAhkk'6 KEPUkT's.--7th vol. Just receives
~ OGDEN, BR0WNRLL 5 CO.,
| lAQ1 No. ID 1aiA-at.