The Oskaloosa herald., 1902-01-30
Notice Of Incorporation.


Notice l. hereby given Of the In
corporation OF the TUSCALOOSA &
TAMA RAILROAD COMPANY under
the laws Of the State Of Iowa.
L.
The name OF the Corporation is
TUSCALOOSA & TANA RAILROAD
COMPANY and its principal place of
business Is ct Oskaloosa, Iowa.
II.
: The general nature OF the business
TO be transacted By this Corporation
shall be to locate, construct, equip,
maintain, operate, " or lease q
line Of railroad 10 the State OF Iowa
from BUXTON through TUSCALOOSA
to TAMA.
This Corporation shall have all the
powers, rights and privileges granted
or permitted Railroad Corporations
BY the laws. OF Iowa, and any amend
ments thereof hereafter enacted.
".
The amount Of capital stock auth
orised is One Hundred Thousand Dol
lars (sl0o. 0p0) which viii be divided
into shares OF One Hundred DolIars
tstoo COZ each, and shall be paid up
on thirty $500 days notice, in such
instalments and at such times as the
Board Of Directors may prescribe;
apa each share shall entitle the
owner TO n vote in all stockholders
meetings.
The private property OF the Share
holders shall be exempt from corpor-
ate debts.
The time Of the commencement of
this Corporation shall be the Twen-
tieth G2oth) day Of November, A. d.
1901, and it shall continue for twenty
years unless sooner dissolved accord
ing TO law.
The Corporation shall commence
business as soon as Five Hundred
Dollars (s500. oO) has in good faith
been subscribed to the capital STOCK.
VIII.
The affairs OF this Corporation
shall be- conducted by five (5) Direct
ors, who shall be chosen by the
stockholders at their annual meeting,
the first of which shall be held on the
hrst Tuesday in May 1903, and annu-
ally thereafter, at Oskaloosa, Iowa,
and shall hold their office for one ~
year and until their successors have
been elected and qualified.
Until the holding of the first Stock
holders meeting, and the election
and qualification of their successors,
the following persons shall act as
Directors, to-wit: E. G.. Penrose, S.
w. CLARK, John Hall Jr., w. ]. john
SON and U. O. Blake.
In . OF any vacancy on the
BOARD of DIRECTORS, snrh~VseaneE
shall be filed BY the remaining
Directors until the next annual meet
ing.
The officers Of this Corporation
shall be a President, Vice President,
Secretary and Treasurer, who shall
be elected by the Directors att their
annual meeting to be held immedi-
ately following the annual Stockhold-
era meeting each year at Osksloosa,
Iowa, and said officers shall hold
their respective offices for one ~
year and until their successors have
been elected and qualified.
Until the holding of the Directors
meeting on the first Tuesday in May,
1908, and tine election aud qualihca-
ton OF their successors, the follow
ing persons shall act as the officers
Of this Corporation; S. w. CLARK,
President; e. G. PENRoSE, Vice
President; q. O. BLAKE, Secretary,
and JOHN HALL, Jr., Treasurer.
said officers shall perform the usual
duties pertaining to their respective
Offices.
x.
The highest amount Of indebted
ness to which this Cooperation is at
any time to subject itself (exeepting
indebtedness evidenced by bonds or
securities issued in aid Of the 10 a.
ton, construction and equipment of
said railroad to an amount not ex-
ceedipg $4,000 per mile of single
traek) shall moi exceed wo-thirds
"a OF the capital stock subscrib-
ed and paid for.
Witness our hands this thirteenth
day OF January, A. d. 1902.
oSKALooSA & TAMA RAILROAD
COMPANY.
BY S. w. Clark, President.
Attest: U. q. Blake, Secretary.
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