Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-09-20
ARTICLES OF INCORPORATION.

10 whom II may concern:
Notice 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,
The name of the corporation is "St Paul
Coal Company and its principal place of
business s., is fixed at ottun,wa, Wapelio County,
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 fuel; to purchase, acquire, construct, and
sell all kinds of machinery, buildings, cars,
fixtures, apparatus and appliances for mining,
iinanuIactnring, and marketing. as aforesaid.
including the construction and operation of
railways and tramways for the mining and
moving of coal with all necessary and con-
venient side-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, and deal In corporate
stocks OF other corporations authorized to
transact any of the lines of business aforesaid,
including railway stock, and to exchange any
OF its unissued stock for stock in 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
right to issue and redeem script and orders for
the convenience OF its business, and to do such
other things as may promote the general pur-
poses OF the corporation but no corporate stock
OF other corporations shall be bought, sold, or
cation of the board of directors. The com any
also has the power to acquire, own, hold. pur-
chase, sell; guarantee, or hypothecate the
any railway corporation, coal company, or
other corporation company. when the
stockholders of the company deem such acts
advantageous to the company or it's business,
and so determine or decide at any stockho1d-
ers' meeting. The amount of authorized
capital stock of the corporation is fixed at
$500, 600 to be divided into 5000 shares of 500
each. 1,50O shares shall be preferred stock,
and ], 500 shares common stock. Stock certi-
hcates shall be issued to subscribers only after
payment for the stock in full at NOT less than
par, as called for by the company, or provided
for in 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 or vendor
of the property sold or exchanged for stock.
No fixed proportion of the authorized stock
authorized to transact all the kinds of business
specified in the 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 and date from Septem-
Der IS, 1900, and shall endure for twenty 20l
years from said time, unless sooner dissolved. :,
| Its affairs are to be managed and conducted by
4 president, yice.president, secretary, treas
urer and assistant treasurer, and by board
of five directors, three of whom shall cousti-
tute quorum. The directors are TO be elected
by the Stockholders at their annual meeting, to
be held on the first Wednesday in September
of each year, and hold Office for year or
until their successors are elected and qualified.
The officers to be elected by the board of
directors from among the stockholders at the
annual directors meeting to be held just after
the ad journment of the stockholders meeting
each year, or at an adjournment thereof, aud
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 named IN
the said articles. The highest amonnt of in
debtedness to which. The corporation is at any
time to subject itself shall not at any one time
exceed $500 two-thrds of its capital stock,
ond the private property of the stockholders
and members of the corporation is exempted
from corporate debts or any liability therefor.
ST PAUL COAL co.
By G. w. TRAER, President.
Attest: Don NJ. SUToR, Secretary.