Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-10-23
Notice 0f Mcozp0ratiion

Public notice is hereby gwen that the
undersigned have associated themselves
together and become incorporated for the
transaction OF business as provided by the
statutes OF Iowa. and that the name OF the
corporation is Loper Drug Co., and its.
principal place OF transacting business is
at Des Moines, Polk county, Iowa. The
general nature of the business to be trans
acted is the purchase and sale OF drugs,
medicines, oils, glass. dye stuiis, liquors,
and all merchandise OF whatsoever kind
or character usually kept and sold by
druggists, and such other merchandise
and personal property as may, in the
judgment of the board OF directors be
necessary TO conduct the business of a re-
tail and wholesale drug store. The cor
poration has power to acquire, hold and
transfer real estate necessary for the
transaction of its business; also power to
issue and endorse notes; aud also power,
upon the majority vote of the stockhold-
ers, to become associated as q stockholder
or as 4 partner with any other person on
persons or corporation engaged in SINH
lar business, and has power to endorse or
become surety orany corporation or indi-
vidual in which it may become interested
us stakeholder or co-partner, and also
has power to make contracts, acquire and
transfer property. possessing same powers
| in these respects as private individuals now
enjoy The capital stock OF the corpora
ton shall be $4,000, divided into shares
| of $40 each but the corporation may COM
| mence business whenever 50 900 of said
| corporate stock shall be paid up. The
corporate stock is only to be issued upon
| payment therefor, either in money or in
| merchandise at its fair value The board
Of directors of the corporation are author
| lied to issue the capital stock of the eorpo-
| ration whenever the same shall be paidin.
| The corporation shall commence business
on the It'll day of October, 1896, and con-
| tinue for twenty years from said date.
| The affairs Of the corporation shall be con-
Quoted and managed by board of three
directors, to be elected from the stock
| holders Of the corporation at its annual
meeting TO be held at the Office of the cor
| poration at 10 O'Clock on the first Monday
of October in each year Until the first
annual meeting in October, 1897 the
board of directors shall be Philip Har.
bach. Louisa Harbach and j. H. Lopez, of
whom Philip IIarbach shall be president,
! Louisa Harbach treasurer, and j. Fl. Lo-
per secretary The board of directors shall
have authority to appoint a general man
| ager for the conduct of the business, who
| shall be authorized to execute all papers
pertaining to the business OF the corpora
| tion, except the transfer of real estate.
Immediately after the annual meeting OF
the corporation, the directors shall meet
| and choose one OF their nurAber as prcs-
| dent, one as treasurer and one as sccre-
tary. In case OF a vacancy in the board
OF directors by death or resignation, the
remaining members of the board of direct
ors shall have power to elect an associate
director for the unexplred term. The
highest amount of Indebtedness to which
this corporation is at any time to subject
| itself shall not exceed two-thirds of its paid
up capital stock. The private property of
the members of the corporation shall be
exempt from corporate debts.
Signed at Des AIoines, Iowa, this 18th
| day of October, 1896
Philip HARBAcH. LOUISA HARDAcH
h. Lopez.