The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-26

the cooperation may be served is Hudson
Trust Company. Said office is 10 be the
registers office OF said corporation.
Article III
The objects for which the corporation is
formed are 10 manufacture iron. steel,
manganese. coke. copper. lumber and other
materials. and all or any articles CONSIST
ig partly consisting OF iron, steel. cop
per. wood or otner materials and all or any
pl oducts thereof.
To acquire. own. lease, occupy, use or de ,
velop any lands containing coal or iron,
manganese, stone or other ores or oil, ana
any wood lands or other lands for any pur-
pose Of the company
To mine or otherwise 10 extract or re-
1soTe coal. ores. store and other minerals
md timber from any lands owned. ac-
3uired, leased or occupied by the company,
Or from any other lands.
To buy and sell OF otherwise TO deal or 10
traffic in iron. steel. manganese, copper,
stone. ores. coal. cone. wood. lumber ana
ofner materials ard any OF the products
thereof and any article consisting or
partly consisting thereof.
To construct bridges. buildings, machin-
Fry, ships. boats, engines, cars, and other
equipment. railroads, docks. slips, elevators,
waterworks. gas works and electric works.
waterways and other means OF transporta-
ton and 10 sell the same or otherwise 10
dispose thereof, or 70 maintain and operate
the same. except that the company shall
not maintain or operate any railroad or
canal in the State OF New Jersey.
10 Apply lot, register
lease or otherwise TO acquire and TO hold.
use, own, operate and introduce, and 10
sell. assign otherwise TO dispose of any
trade marks. trade names, patents, inven-
tons, improvements and processes used in
construction with or secured under letters
patent of the United States or elsewhere or
otherwise and to use. exercise, develop,
grant licenses in respect Of or otherwise
10 turn TO account any such trade marks,
patents, licenses, processes and the like, or
any such property or rights.
q other
mining, construction transportation
business of any kind or character what
own and dispose OF any and all property,
assets. stocks. bonds and rights OF any
and every kind; but not to engage in any my
exercise of the right Of eminent domain
within the State Of New Jersey.
To acquire by purchase, subscription or
bonds. or any other obligation of any cor
poration formed for, or then or heretofore
Of the tinds Of hnsiness nnrnoses oh
jects or operations above indicated or own
ing or holding any property OF any kind
herein mentioned; or of any corporation
owning or holding the stocks or the obliga-
lions OF any such corporation.
To hold for investment, or otherwise to
use, sell, or dispose Of any stock, bonds
or other obligations Of any such other cor
poration: to aid in any manner any corpor-
alton whose stocks. bonds, or other obliga-
tons are held or are in any manner guar
anteed by the company; and to do any
other acts or things for the preservation,
protection, Improvement, or enhancement
OF the value of any such stock bonds. or
other obligations, to do any acts or
things designed for any such purpose; and
while owner OF any such stock, bones. or
other obligations, to exercise all the rights,
powers and privileges of ownership thereof,
and to exercise any and all voting power
thereof
The business or purpose of the company
is from time to time to do any one or more
OF the acts herein set forth; and Ii may
conduct its business in other States and in
the Territories and in the foreign coun-
one Office. and keep the books of the COM
pany outside of the State of New Jersey,
except as otherwise may be provided by
law; and may hold, purchase mortgage.
and convey real and personal property.
either in or out of the State of New Jersey.
Without in any particular limiting any of
the objects and powers of the corporation.
1t is hereby expressly declared and pro-
vided that the corporation shall have pow
or 10 issue bonds and other obligations in
payment for property purchased or ac-
CURED by IL, or for any other object in or
about its business; to mortgage or pledge
any stocks. bonds or other obligations or
any property which may be acquired by it,
10 secure any bonds or other obligations by
Ii issued incurred; TO guarantee any
dividends bonds or contracts other
obligations; to make and perform contracts
OF any kind and description and in carrying
its business for the purpose of attaining
or furthering any OF its objects TO do any
and all other acts and things and to ex-
ercise any and all of the powers which a
copartneFship natural person could dc
and exercise, and which now or hereafter
may be authorized by law.
Article w.
The total authorized capital stock o.
the corporation is 81 900. divided into thirty
shares OF the par value of 800 each. o.
such total authorized capital stock fifteeT
shares, amounting to $500 shall be pre-
ferred stock and fifteen shares amounting
20 $3.50 shall be common stock.
tfrrn.s 70 ffrfae fhe. 80
and the common stocks may be increased
according to law, and may be issued In
such amounts and proportions as shall bt
determined by the board of directors, anC
as may be permitted by law.
The holders of the preferred stock shall
be entitled TO receive when and as declared
from the surplus or net profits of the cor
per centum per annum and no more, pay
able quarterly on dates to be fixed by ths
bylaws. The dividends on the preferred
stock shall be cumulative and shall be pay
able before any dividend on the common
stock shall be paid set apart: so that Il
In any year dividends amounting to pei
cent. shall not have been paid thereon the
deficiency shall be payable before any divi
dends shall be paid upon set apart fol
the common stock.
Whenever all cumulative dividends or
the preferred stock for all previous years
shall have been declared, and shall have
Become payable. and the accrued quarterly
installments for the current year shall
have been declared, and the company shall
previous years and such accrued quarterly
installments. or shall have set aside from
its surplus or net profits sum sufficient