Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1901-09-26
LEGAL.
Amendatory Articles of incorporation
of ottumwa Telephone Company,
OttunWa, Iowa.

Amen0atory ArtlCleS OF incorporation
of ottumwa Telephone Company,
Ottumwa, Iowa.
PREAMBLE: Whereas, at a regularl!
called meeting Of the stockholders Of the
OFT Telephone company held ,o6 on
at the general office of the company at
Ottumwa, Wapello county, and state of
Iowa., all the issued stock being. repre-
of Incorporation, which bear date No
vember u, A. ID. 1897, and were duly re-
corded in Wapello county, State of Iowa,
on, november is, 1897, in book AZ, page
which bears date of November ., A. d.,
1900, and was recorded In said Wapello
county on November H. 1900 in book AZ,
page 412, were duly amended in manner,
lowing .Amendatory Articles of Incor-
poration," the same having been adopted
by the entire vote of the issued stock.
And whereas, at the same time and place,
and by the affirmative vote of the entire
issued stock the president and secretary
were authorized and directed to sign, exc,
cute, and acknowledge on behalf of this
corporation, "Amendatory Articles of In
corporation" hereinafter set out, and to
have the same recorded and notice pub
lished all as required by the laws of the
Stute of iowa.
Now, therefore, we, the undersigned
president and secretary of the Ottumwa
Telephone company. for and on behalf of
cue the following
AMENDATORY ARTICLES OF MOOR
PORATION.
Article One of Amendments.
Article two Of the original articles Is
hereby amended l,y striking the same out
and substituting the following therefor:
The general nature of the business of
this corporation is the building. construct
ing, leasing, purchasing. maintaining, own
ing and operating telephone exchanges,
switch, boards, tol-boards; toll-lines, poles,
phone and telegraph systems in the State
of Iowa. and more particularly in the coun.
| ty of Wapello and city of Ottumwa, and
doing any and all things necessary thereto,
including the renting or purchasing of
real estate and constructing buildings for
! its use buying or selling of its own
stock or bonds. or stocks or bonds In other
| electrical corporations.
| Article Two of Amendments.
Article three of the original articles, and,
the amendment thereto. executed under
date of November ., A. d. 1900 are hereby,
further amended so as to increase and fix
at One Hundred Twenty Thousand (S120.;
OO0OW Dollars. Said article three of
original articles is hereby further amended
by adding, thereto the following:
| The stock may be either Common or Pre-.
fcrred, as determined by the stockholders
at any regularly constituted meeting of the
stockholders. but not more than Thirty-five
!
thorized capital stock shall he issued as
Preferred stock, and said preference shall,
be as to dividends only, otherwise 1t shall
be the same in all particulars as CommoH
1 stock. -
| Preferred stock shall be entitled, out Of
the net earnings, to a dividend each year,
equal to eight per cent per annum on paN
stock shall be entitled to dividends The
company shall have the right to redeem
Preferred stock at any dividend period at
par and accrued interest or dividend
| The question of redemption to be deter.
mined at stockholders meeting called for
that purpose, at which only Common stock
shall be voted. II the whole issue of PREF
time, the Company shall have the right to
select by lot in such manner as may be de-
termined by vote at the meeting or by by
| law.
Article Three of Amendments.
Article four of the original articles ID
hereby amended by striking the same out
and substituting therefore the following: :
Inc officers of this corporation shall be
| Treasurer.
These officers shall be elected at the an.
nuai directors meeting In each year, and
| their successors are elected and qualified
| The duties and powers of these officers.
respectively. shall he such as generally per-
tain to like officers in corporations of like
character. and such other duties as may be
prescribed by the bylaws. and vacancies
may be filled, us provided by the bylaws.
Article Four of Amendments.
Article five of the original articles is
hereby amended by adding thereto the fol-
lowing:
The board of directors shall consist Of
| five stockholders, and shall annually ap-
point n manager who. shall b., at all times
subject to their control, or to the control
OF the executive committee.
i The board of directors shall also at their
annual meeting or at some meeting to be
held thereafter, appoint an executive cons
mittee Of three, to be selected from the
at the pleasure of the board.
The powers of the executive committee
shall be such as the board may determine
from time to time, and such as may be
! fixed by bylaws.
| Article Five of Amendments.
Article six Of original articles is
hereby amended by fixing the time of the
annual meetings on the second Wednesday
In April Of each year hereafter, instead OF
the first Monday in January, as now fixed
Article Six of Amendments.
Article nine of the original articles Ia
hereby amended by striking the same out
and substituting therefor the following:
the highest amount of Indebtedness or
liability to which the corporation shall at
any, one time be subject, may equal but
shall not exceed two-thlrds of its capital
stock, and the private property of its mem
bers and stockholders is. and shall be, ex-
emDt from corporate debts.
In witness whereof, we have caused the
corporate name of the Ottumwa Telephone
company to be signed hereunto, and have
signed the same as president and secre-
tary, and have hereunto caused to be at
tached the corporate seal Of said company.
All done at Ottumwa, Iowa, on this 2Sth
day of August, A. d. 1901.
OTTUMWA TELEPHONE COMPANY,
By Frank s. Turner, President.
Attest: George II. Cowdery, Secretary.
State of Iowa, Wapello County, IS:
On this 2Sth day of August, A. d. 1901,
before me, the undersigned notary public,
in and for said county. and state, came
Frank S. Turner. president, and George II.
Cowdery, secretary of the Ottumwa Tele-
phone company, corporation, to me per-
sonally known to be the identical persons
and officers aforesaid, and each duly and
severally acknowledged the execution of
the foregoing Amendatory Articles of In.
corporation of said company to be their
voluntary act and deed, and the voluntary
act and deed Of said corporation
| Witness my hand and notarial seal at OF.
tumwa, Iowa, on the date last above writ.
ten.
Il [SEAL1 NORA A. COOK
Notary Public of Wapello County, lows.
0S9ssts;stssSsstsieSE1TS