Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-10-04
LEGAL.
ARTICLES OFF INCORPORATION.

10 Whom 1T may concern: r.
Notce is hereby given that corporation
has been organized under the laws of Iowa.
and the Articles recorded in Wapel1o County,
Iowa, and said articles, among other things,
contain III substance the following provisions;
. The name OF the corporation is "St. Paul
Coal Company" aud its principal place of
business is fixed at Ottumwa, Wape1lo 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
prospect Tor and mine coal and other minerals
and generally to buy, SELL handle, deal in, and
market coal of all kinds, wood, and all kinds
OF fuel, natural or manufactured. to mauufac-
ture and market coke and other articles used
as tuel; to purchase, acquire, construct, and
sell all kinds of machinery, buildings cars,
nXtures, apparatus and appliances for mining,
manufacturing, and marketing aforesaid,
including the construction and operation of
railways and trariways for the mining and
moving OF coal with all necessary and con-
Nenlent side-tracks; the building and leasing
OF houses to be used by miners, tenants and
others, intending the purchase and sale of the
same; to purchase, sell, aud deal III corporate
stocks OF other corporations authorized to
transact any OF the lines of business aforesaid,
including railway stock, and to exchange any
OF It's unissued stock for stock i'll such other
corporations upon such terms as may be
agreed upon; TO establish, own and conduct
mining stores, for the purchase and sale of
powder and general merchandise, including the
riSpt TO issue and redeem script and orders for
the convenience of its business, and to do such
other things as may promote tile general pur-
lOseS Oh the corporation. but no corporate stock
OF other corporations shall be bought sold, or
exchanged for, except upon previous authori-
cation of the board of directors. The company
also has the power to acquire, own, hold. pur-
chase, sell, guarantee, or hypothecate the
stocks, bonds, debentures other securities of
any railway corporation, coal company, or
other corporation or company, when the
stockholders OF the company deem such acts
advantageous to the company its business,
and SO determine or decide at any stockhold-
ers meeting. The amount of authorized
q az
100000 10 be divided into 5000 shares of 500
each l,s0O shares shall be preferred stock,
and l.S00 shares common stock. Stock certi-
ficates shall be issued to subscribers only after
payment for the stock i'll full at not less than
par, as called for by the company, or provided
for i'll the subscription contract, either in cash
or real or personal property at a fair valuation,
to be agreed upon and fixed between the corpo-
ration and subscriber for the stock vendor
OF the property sold exchanged for stock.
No fixed proportion of the authorized stock
need be subscribed before the company is
authorized to transact all the kinds of business
specified i'll the Articles, nor can a 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 and date from Septeni-
Der is, 1900, and shall endure for twenty t2O)
years from said time, unless sooner dissolved
Its afa1rs are to be managed and conducted by
president, yice-president, secretary, treas
urer and assistant treasurer, and by a board
OF live directors, three of whom shall consti-
tute quorum. The directors are TO be elected
~ tuS StoShholuGlS al tucll annual q. 10
be held OH the first Wednesday i'll September
OF each year, and hold Office for one year or
until their successors are elected and qualified.
Ihe officers are to be elected by the board of
directors from among the stockholders at the
annual directors meeting to be held lust after
the ADJOURNMENT of the stockholders meeting
each year, or at an adjournment 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 the company
until the first annual meeting are named in
the said articles. The highest amonnt of in
time to subject itself shall not at any one time
exceed $780, twotlirds of its capital stock,
and the private property of the stockholders
from corporate debts OF any liability therefor.
ST. PAUL COAL co.
By G. w. TKABR, President,
Attest: Don NJ. SuroR, Secretary.