Connecticut western news., 1872-03-08
Articles of Association of the GOLD SANITARY HEATING co.

GOLD SANITARY HEATING co. Sec. I. To whom it may concern. We, John c. Sherwood, James A. Cochrane and Henry Faulois of Cornwall, and Will liam B. $. Fuller of Kent, county of Litch. field and state of Connecticut, in pursu- ance of the statute of said state of Con- necticut relating to Joint Stock Corpora tions, have associated and by these presents do associate ourselves together, as Joint Stock corporation to be called and known as ''7'he Gold Sanitary Heating Company" for the purpose of manufacturing aud sell ling Stephen J. Colds improvement in stoves and heating apparatus, and on the general manufacture and sale of tin, cop per and iron ware in their various branches, in the most advantageous manner, aud by that name, they and their assignes and successors shall be and are hereby author ized and impowered to purchase, take, hold, occupy and possess any goods, chat ties and effects, of whatever kind, that they may be better able to carry on such business to advantage, also to take, pur- chase, hold, occupy, possess and enjoy such lands and buildings or other real estate as may be necessary for the views and pur- poses of said corporation and the same to sell and dispose of at pleasure or to take a lease or leases thereof for term of years. Also to sue and be sued, plead and be plea. ded, defend and be defended, answer and be answered, in any court of record or else where. To have and use @ common seal and may alter the same at pleasure and said company may make such bylaws and regulations for themselves as shall be nec- essary, not inconsistent with the laws of the United States.
 Sec. ?. The capitol Stock of said corpor- ation shall be fifteen thousand dollars, and share of such stock shall be twenty five dollars and shall be deemed and considered as personal estate and be transferred only on the books of said company in such form as said company shall prescribe, and said company shall at all times have ''lein" upon all the stock or property of the men- bers invested therein, for debts due from them to the company and said company may go into operation as soon as two thousand dollars shall have been paid into the treasury by the members of said com pany.
 Sec. 8. The stock, property, and affairs, of the corporation, shall be managed by not less than four directors one of which shall be appointed president who shall hold office one year, which directors shall be stockholders and citizens of the United States, and shall be annually elected to- gether with the other officers of said com- pany at such time and place as the regula- tions of said corporation shall prescribe, d majority of'the diretors shall on all occa- sions when met constitute board for the 1 transaction of business, and majority of the stockholders present at any legal meeting shall be capable of transacting the business | of such meeting, each share entitling the l owner thereof to one vote, and each stock ! holder may vote by proxy, which proxy shall be in writing but such proxy shall be l in force but one year.
 Sec. 4. The president and directors or 8 major part of them shall have power to fill any vacancy that may happen in the board of officers belonging to said company, by death, resignation or otherwise, for the current year and to employ from time to | time such mechanics and laborers as they may think proper for tue transacting of the business and concerns of said company. and said directors shall as often as once in each year declare dividend of profits eff any there be) on each share which shall be paid in current money to the stockholders, according to their respectful shares by the treasurer of the company. Sec. 5. The books of said company con. taining their accounts shall at all reasonable times be open for the inspection of any of the stockholders of said company, and as often as once in each year 8 statement of the accounts of company shall be made by order of the directors.
 Sec. 6. For the debts which may at any time be due from said company, the stock holders thereof shall not be responsible in their private capacity, but the property and estate of said corporation.
 1 Sec. z. The directors may call in sub scriptions to the capital stock, by install ments in such proportion and at such times and place as they may think proper, giving such notice thereof as the bylaws and regulations of said company shall prescribe.
 Sec. 8. The stock of said company sha Il he divided as follows.
 To J. c. Sherwood, 150 shares $3750, ,0O
 " Jas. X. Cochrane l50 3750. .OO
 G Henry Faulois l50 " 3750,O
 Wm.B s. Fuller l50 (" 375O,O0
 600 15o0O, ,OO
 Sec. g. The first Installment of two thou. sand dollars having been paid in, the com pany will begin operations on the fifteenth day of March in the year eighteen hun dred and seventy two.
 Sec. 10. The first meeting of the stock holders of said company shall be held ir the office of J. Q. Sherwood on Friday March fifteenth, eighteen hundred and seventy two, for the purpose of electine directors for the ensuing year and do any other business proper to be done at said meeting. Dated at West Cornwall Conn.,, March 1st, 1872. Signed
 J. c. SHERWOOD, JAS. A. CocHRANE,