Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1896-06-12
Notice of lncorporatlon.

Notice is hereby given that the, MCLEAN
Arms Company has been ORGANIZED az > q ~, coz nf
poratiOn under ana by virtue u Uile i"" y
iowa for pecuniary proht a,,oc,oo,,
rhe name of corporation is the Mcoleau
Arms Company and its principal place lot Trans Trans
acting business is at Des Moines, Eo4R county,
Section 2. The general nature or the nQ M
ness 10 be transacted by this company Is !ne
weauous of warfare of hill kinds ana Appliances
and supplies and the purchase sale OF lease, ut
nronerty of every name and nature that ma!
Be useful in the TRANSACTION OF us o a s9o GOO
sec g. The capital stock Shail De f @u,9 ~
preferTed and $4,000 Common stock, when
SHAH be divided into 5000 shares OF SiVg eac ,
and when issued shall be fully paia ana non
The preferred stock shall be entitled to 4,
first lien upon the assets OF tins corllortluat ~
any distribution thereof, ana also W q 70
enca in dividends, provided, however o
when the net profits are sufficient 70 pay pei
cent per annun on all stock issued, tAen aii tiiS
cauital stock (preferred ana common eh'ii
share equally ana at the ss1iiie la'e " WV p''5
ment of dividends. 80 ~,
preferred stock can not be increased.
Dividends are payable selhl'ahhuai'y oou VI
net profits of the corporation. -
sec 4 The preferred stock shall be Sold d,
par. 500 shares may be sold at once ana lsSteH
| on payment therefor ,,oo ,,o,.a .,
| common sock are 10 be issued 10 ,. y. NC.
| Clean in payment for all patents nov lssuet VI
!
| therefor and appliances thereto, and the re
| naming 800 shares OF preferred STOCK shali no'
be sold either in whole or ID part except u pom
/ vote Of two.tbirds of the preferred STOCK SOLO
| and issued The board of directors may IN
the time and conditions OF paymehE OF sup
scriptiops to the preferred canltnl stoik
/ Sac 4. This corporation may commence
| business on the Goth day OF February, 1885 anq
continue for twenty years unless sooner ~
solved by the vote OF -fnHlthS o. tho stocR
holders and Ii snail nave INC power " 1c'e""
| as provided by statute. ;,
Sec &. The affairs Of this corporation Shal
| he managed by a board of directors OF not less
/ than three nor more than seven stock holders
who shall be elected by the stock holders at the
annual meeting of the corporation, winch is tC
! he held at the office of the corp0ialloQ ~ DeS
M9is i9%s q 1s h each f YEAR It Sd M
and they shall hold their office unit! their sue
cessors are elected and qualified Each share
OF stock issued shal.b enttiled 70 y FGte 3ale
president vice president secretary ana treas
ilrer, who shall perform the duties required
them by the board OF directors Cnlll me ne NE
annual meeting Of the corporation the folloW
ing named persons tarall constitute the Doart
of directors and officers, to wit: President
Ti,os. II. SaRlt gice ,pfhsdgat, 4. NOM
cGinery; secretary. W u. C0ndlt; treasurer
S. N. Mclean.
Sec, /. The highest amount OF indebtedness
to Hhiei tIis coFpSrstion shall az az tlme SUD
jected shall not exceed Two thlfdS OF ltS cal'lUa
stock issued
Sec. s. The private property of the stool
holders shall he exempt from the depts OF thl
corporation.
4 LlSec O. The articles OF incorporation may D
amended at any annually meeting OF the corpo
ration, or at any special meeting called tor Una
purpose by q vote OF phfee tdtffCiiS " t'tc eslp
tai stock Issued.
sec. TO- The board o. directors shall hay
the power to adopt bylaws and make all nteo
fuI rules and regulations fof the management
OF the affairs OF the corporation,
Signed this 20t4 day of FebfilaTy, lssa
w. g. MONTGOMERY,
s. n. MCCLELLAN