Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1903-03-03
LEGAL.
Notice Of Incorporation.

Notice Is hereby given that n corpora
tion under the law of Iowa has been or
ganized: that its name is Johnston s Sharp
Manufacturing Company: that its princi-
pal place of business is at Ottumwa. Wa
pello county. Iowa: that its business is
and shall be to do a general manufactur-
ing business, TO make, sell. and deal in
hearing balls and ball hearing and other
kinds of hardware articles. to manufac-
ture, sell and deal in all kinds of hardware
spccialties and novelties: to ACQUIRE, hold,
and own patents on any and all said arti-
cles, and on anything to he manufactured,
sold, and dealt in by it. and on any or
all machinery and appliances of any and
every kind to be used in manufacturing
same: to authorize any person, firm or cor
poration to manufacture said articles, or
any of them, or to sell same under royal
ties: to sell territory therefor; to manu-
%facture. sell and deal in any and all kinds
of manufactured products whatsoever; to
acquire. hold, own or lease the necessary
real estate for the use and purposes of the
corporation, and to mortgage. sell, or 9TH
erWise dispose of same, and to do such
other acts and things as are necessary and
convenient in the proper transaction of it's
business: that the authorized stock of the
corporation is S60,000.0o, to be divided in
to shares of 500 each. of which $751; 00.0 90,
or 800 shares shall he subscribed or sold
before the company is authorized to trans
act its business: that the balance of the
stock shall be issued whenever the board
of directors of the corporation shall deter
mine. and said board of directors shall
determine the times and conditions on
which said u~niss1ed stock is to be paid
IN: that all stock shall be paid for in full
Mt not less than par, either In cash or m
real estate or personal property. including
chooses in action at a fair valuation to be
Iugreed upon and fixed between this cor
poration, or its authorized agent or agents
and the vendor of such property or chooses
in action: that the corporation dates from
the 10th day of February, A. D., 1903. and
shall continue in existence for twenty years
from said date. unless sooner dissolved by
the consent of the stockholders represent
ing not less than four-fifths of its issued
or paid up capital stock; that the affairs
of the corporation shall be managed by a
board of four directors chosen annually
by the stockholders from their number at
the regular annual meeting in each year
to be held on the first Wednesday of jan
nary in each year at 10 O'Clock a. M, at
the general office. of the company in OF
tumwa, Iowa, and the officers of the COM
jpany shall he n President, Vice President,
Secretary and Treasurer, to be elected by
the Board Of Directors from among the
stockholders at the annual meeting Mt its
general Office in Ottumwa, Iowa, immedt-
ntely after the adjournment Of the annual
stockholders meeting on the first Wednes-
uay III Jinuify OF eacI year, lnaC IN case
there shall be no annual meeting of the
stockholders, or no election of directors,
then such election may he had at q stock
holders meeting called for that purpose,
ms provided in the Articles of Incorpora-
tion, and in case there shall be no annual
meeting of the Board of Directors, or a
failure or omission to elect officers, then
such election of officers may be had at any
subsequent meeting; that the stockholders
in the election of directors shall follow the
cumulative plan of voting: that its IN
d~ebtedness shall not exceed at any one
time two-thirds of its capital stock; that
! the private property of the stockholders
J and members of this corporation shall moi
be liable for, and shall be exempt from
liability for It's corporate debts, and the
, stockholders shall not he personally liable
} for the debts of the corporation. Until
! the annual meeting and election Of Off
!, GERS and directors, Allen Johnston shall be
President; II. w. Johnston, Vice Presi
\ dent; Il. w. Sharp, Secretary, and Geo,
\ +. Hall, Treasurer, and the Board Of Di
!. %rectors shall consist of Allen Johnston, G,
+. Hall, II. w. Johnston and +. w.
, Sharp.
} Dated February Goth. 1908.
Nj (Seal.) JOHNSTON & SHARP,
Manufacturing Company.
BY ALLEN JOHNSTON, President.
Attest: +. w. SHARP, Secretary.