Ottumwa semi-weekly courier., 1903-03-17
LEGAL.
Notice of Incorporation.

NoilSC VI iitCOTPOFaIlOns st
Notice is hereby given that corpora
tion under the laws of Iowa has been or
ganized; that its name is Johnston & Sharp
Manufacturing Company; that it's princi-
pal place of business is at Ottumwa Wa
pello county, Iowa; that its business is
and shall be to do general manufacture
ing business. to make, SELL and deal In
bearing balls and ball bearing and other
kinds of hardware articles: to manufac-
ture, sell and deal in all kinds of hardware
specialties and novelties; to acquire, hold,
and own patents on any and all said arti-
cles, and on anything to be 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 nets and things as are necessary and
convenient in the proper transaction of its
business that the authorized stock of the
corporation is S60,000.00. to be divided in
to shares of 500 each, of which $50. 900 .00
or 800 shares shall be subscribed or sold
btlOIt tue company Is autUOTlZeu 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 unissued stock is to be paid
in; that all stock shall be paid for in full
Mt not less than par, either in cash or in
real estate or personal property, including
chooses in action at fair valuation to be
agreed 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-ffths 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 he held on the first Wednesday of Jan
uary 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
pany shall be a President, Vice President
Secretary and Treasurer, to be elected by
the Board Of Directors from among the
stockholders at the annual meeting at it's
general Office in Ottumwa, Iowa. immedi-
ately after the adjournment of the annual
stockholders meeting on the first Wednes-
day in January of each year, that in case
there shall be no annual meeting of the
stockholders, or no election of directors
then such election may be had at stock
holders meeting called for that purpose
as. 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
debtedness shall not exceed at any one
time two-thirds of It's capital stock; that
the private property Of the stockholders
and members of this corporation shall not
be liable for and shall be exempt from
liability for its corporate debts. and the
stockholders shall not be personally liable
for the debts Of the corporation. Until
the annual meeting and election Of Off
GERS and directors, Allen Johnston shall be
President; Il. w. Johnston, Vice Presi-
dent; +. W. Sharp, Secretary, and Geo.
f. Hall, Treasurer. and the Board of Di-
rectors shall consist of Allen Johnston, G.
f. Hall, r. W. Johnston and f.. w.
Sharp.
Dated February Goth, 1903.
(Seal) JOHNSTON & SHARP,
Manufacturing Company.
By ALLEN JOHNSTON, President
Attest: f. w. SHARP, Secretary.