Litchfield enquirer., 1872-03-07
Articles of Association.
To wHoa IT MAY CoscEns:.

1O WhoA IT MAY CONcEhN.. Sec. 1st. We, John c. Sherwood James A. Cochrane, and Henry Faulois, of Cornwall, and William B. <. Fuller, of Kent, County of Litchfeld, State of Connecticut i'll pursuance of the Statute of said state of Connecticut, re- ianng to Joint Stpek Isorporations; have asso- ciafed onrselves togethsF, Asa Joint Stock Cor poration, to be called and known as The Gold Sanitary Heating Company, for the purpose of manufacturing and selling stephen J. Colds improvement in stoves and Heating Apparatus, ana Ill the general ma:i'lfSetlre and sale Of fin, Copper and Iron Ware, ia their various hfancfies In the most advantaSeousfnan.er.F'si 'sia1d by that name they and their ASsig nsS and Successors. shall be and are hereby authorized and im,.sR- cred, to purchase, take, hold, occupy and possess any goods, chattels, and effects, of whatever kind, that they may Do better atle 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. may be necessary for the views and purposes of said Corporation. aDT tha saEne to sell and dispose of at pleasure, or to take lease leases thereof for term of years. Also to sue and to be sued plead and be impleaded, defend and be defend ed. answer and be answered in any court of re- cord, CT elsswh ere s2 To have and use common seal, and may alter the same st pleasure, and said company may make such bylaws and regu- lations for themselves as shall be necessary not inconsistent Naithlthe laws of the United States.
 Sec q @rhe Capital Stock of said corporation shall be Fifteen Thousand Dollars and share of such stock shall be Twenty-Five Dollars, and shall be deemed and considered as personal es- tate and transferable only on the books of said Company, in such form as said company shall prescribe. and said company shall at all times have lien upon all the stock or property of the members 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 company.g Sec. 3. 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 together with the other officers of said company, at such time and place as the regulations of said company shall prescribe ma jority of the di- rectors shall on all occasions when met constitute a board for the transaction of business. and a majority of the stockholders present at any legal meeting shall be capable of transscting the bus- ness of such meeting, each share entitling the may vote by proxy, which proxy M I shah be in writ ing, but such proxy shall be in force but one year. Rsss sEg
 Sec The president and directors, or ma jor part of them, shall have power to fill any va cancy that may happen in the board of officers Belonging to said company, by death, resigna- tion, or otherwise, for the current year, and to employ from time to time such mechanics and laborers as they may think proper, for the trans action of the business and concerns of said Com
 
 in each year. declare dividend of profits (if any there bel on each share, which shall be paid in current money to the Stockholders, according to their respective shares, by the treasurer of the company.
 Set. 5. The books of said company. contain ing their accounts, shall at all reasonable times be open for the inspection of any of the stock holders Of said company, and, as often as once in each year, 8 statement of the accounts of said 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 stockholders thereof shall not be responsible in their private capacity, but the property and estate of said cor poration.
 Sec. T. The directors may call in subscriptions to the capital stock by installments in such pro- portion and at such times and places as they may think proper, giving such notice thereof as the bylaws and regulations of said company shall prescribe.
 Sec S. The stock of said company. shall be divided as follows: k~t* -5At , s@" To J. C. sherwood, 150 shares, S. z50 % To Jas. A. Cochrane, 150 '' 3.750 % To Henry Faulois,- 150 '' 3,750 co To Wm. B. $. Fuller 150 '' 3,750 %
 600 s15,OO0 co Sec. g. The first instalhnent of two thousand dollars having been paid in the company will be- gin operations on the fifteenth day of March, 1872
 Sec. 10. The first meeting of the stockholders of said company shall be held in the office of J. c. Sherwood, on Friday March 18th. 1872, for the purpose of elscting directors for the ensuing year. and to do any other necessary business proper to bed one at such meeting.
 Signed, J. C., SHERWOOD,
 f1 VI <y3 E JAS. A. 'COCHRANE,
 HENRY FAULOIS,
 WILLIAM B. <. FULLER.