Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-09-27
LEGAL.
ARTICLES OF 1NcoRpoRArloN.

To whom it may concern:
Notice IS hereby giyeu that 4 corporation
has been orgauized under the laws of Iowa,
and the Articles recorded in Wape1lo County,
Iowa, and said articles, anon. other Thugs
contain in substance the following provisions:
The name OF the corporation is 'St. Paul
Coal Com pany," and its principal Place of
business is fixed at Ottumwa, Wapeilo County,
Iowa. The general nature of the business to
be transacted is to acquire. purchase, lease,
own, sell and mortgage coal lands and other
lands in the state of Iowa and elsewhere, to
pros pect for and mine coal aud other minerals
aud generally to buy, sell, handle, deal i'll, and
market coal of all kinds. wood, and all kinds
of fuel, natural or manufactured. TO nauufac-
turc and market coke and other articles used
as fuel; TO purchase, acquire, construct, and
sell all kinds of machinery. buildings. cars,
fixtures, apparatus and appliances for mining,
manufacturing, and marketing as aforesaid,
including the construction and operation of
railways and traniWayS for the mining aud
moving of coal with all necessary aud con-
reuent sde-tracks: the building and leasing
of houses to be used by miners, tenants and
others, including the purchase and sale OF the
same; to purchase, sell, aud deal i'll corporate
stocks of other corporations authorized to
transact any of the lines of business aforesaid
including railway stock, and to exchange any
of its unssued stock for stock in such other
corporations upon sIch terms as may be
agreed upon; to establish, aud conduct
mining stores, for the purchase and sale of
powder and general merchandise, including the
right to issue and redeem script and orders for
the convenience of its business, and to do such
Otner Things as MAY promote general pur-
poses of the corporation, but no corporate stock
of other corporations shall be bought, sold, or
exchanged for. except upon previous authors
cation of the board of directors. The company
also has the power to acquire, own, hold. put-
chase. sell. guara ntec, hypotliecate the
stocks, bonds. debentures or other securities of
any railway corporation, coal company, or
other corporation or company, when the
stockholders OF the company deem src acts
advantageous to the company or its business,
and so determine decide at any stockhold-
authorized
capital stock of the corporation is fixed at
SS00,G00 10 be divided into 5000 shares of 500
EACH. 1880 shares shall be preferred stock,
and 1.500 shares coninon stock. Stock ccrti-
icates shall be issued to subscribers only after
! payment for the stock in full at less than
/ par, as called for by the company, OF provided
for in tile subscription contract either in cash
or real OF personal property at 4 fair valuation.
! TO be agreed upon and fixed between the corpo-
of the property sold or exchanged for stock.
| No fixed proportion of the authorized stock
I need be subscribed before the company is
authorized to transact all the kinds of business
specified in tile Articles, nor can subscriber
for or purchaser OF stock resist payment there
( for because the entire authorized capital stock
+ has not been subscribed for or sold The corpo-
! ration shall commence aud date from Septeui-
| Der Is, 1900, and sinai endure for twenty 20
| years from said time, unless sooner dissolved.
/ Its affairs are TO be managed and conducted by
! a president, vice-preSideut, secretary, treas
| urer and assistant treasurer, and by Il board
| of five directors, three of whom shall consti-
! tute quorum, The directors are TO be elected
/ by the stockholders at their annual meeting, to
4 be held on the first Wednesday in September
4 of each year. and hold office for one year or
4 until their Successors are elected and qualified
1 The officers are to be elected by the board OF
! directors from among the stockholders at the
/ animal directors meeting to be held Just after
| the ad tournament of the stockholders meeting
! each year. or At an ad iournnieut thereof, and
/, hold Office for one year. or until their success
| ors are elected and qualified. The officers AND
| directors to manage the affairs of tile com pany
| until the first annual meeting are named il
! the said articles. Tie highest amount of in
dcbteduess to which the corporation is at any
time to subject itself shall not at any one tint
exceed 500, 0O0, or two-hirds of its capital stock
and the private property Of the stakeholder.
and members ofthe corporation is exempted
from corporate debts any liability therefor
! ST PAUL COAL 60.
BY g. w. TRAER, President.
Attest: DoN M SuroR, Secretary.