Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-25
NOTICE OF INCORPORATION OF
THE "MARsHALLToWN BUGGY
COMPANY."

NOtlce is hSreDy given NHdt lie oli~
dersigned have associated themselves
together under and by virtue of Chap
ter One, Title Nine, of the Code of
Iowa, and the law amendatory there
to, as corporation, and have adopted
articles of incorporation which provide
as follows, to-wit:
az The name Of such corpora ton
IS the "MARSHALLTOWN BUGGY
COMPANY,' and it's principal place of
business is Marshalltown, Iowa.
(2) The general nature of the BUSH
ness to be transacted by this corpora
ton shall be to carry on the business
of manufacturers and dealers in bug
gies and buggy sundries; to manufac-
ture, buy. sell, export, import, and to
generally deal, at wholesale and retail.
in buggies, wagons, carriages, carts
and vehicles of all kinds and descrip-
tons, and to manufacture and sell. at
wholesale and retail, such other artl-
cles and commodities of general use
and sale as may be determined upon from
time to time by the officers Of said
corporation.
(3) The amount of the authorized
capital stock of this corporation is the
sum of one hundred, fifty thousand
($150,000.00) dollars, divided into six
hundred (6O0) shares, each of the par
value of two hundred fifty C250.0o)
dollars. Not less than one hundred
thousand ($100,000.0O dollars of the
capital stock of this corporation shall
be paid in in cash, or in property at
Its fair value, when its factory is IN
successful operation. before the corpor-
alton transacts business except the bus
lness incident to its organization
The remainder of the authorized cap
ital stock of this corporation, viz:
Fifty thousand (s5000o.o0) dollars, or
two hundred (200) shares, of two hum
dred fifty l$25O.00) dollars each. is to
be and be designated as. Treasury
Stock" or Trustee Stock"
4 Said Treasury Stock" or Trustee
Stock is not to be issued or treated
as issued, nor is same to be voted at
any stockholders meeting, or be of any
force, validity or effect, as stock, nor
shall any person be treated as the own
er or holder thereof, until same is ful-
ly paid for. and the certificate delivered
to the person entitled thereto as here
In provided.
& The said Treasury or Trustee
Stock" is subscribed for under the fol-
lowing terms and conditions, viz
"A. The said Marshalltown Buggy
Company shall be incorporated under
the laws of the State of Iowa, with it's
offices and principal place of business
ut Marshalltown, Iowa.
B. The Marshalltown Buggy Com
pany shall have an authorized capital
stock of one hundred fifty thousand
(150.O0O.0O) dollars, divided into six
hundred (600) shares. of two hundred
nifty ($250.00) dollars each.
G. OF said capital stock, one hundred
thousand ($100, 100000 dollars to be
subscribed by w. o. Allen and his bus
iness associates, and same is to be paid
for in cash at the time said stock is
issued.
d. That the said Marsha!ltown pug
{ Ey Company shall become the owner
Of the Rhoades-C armea1 Buggy Co.
plant and the real estate upon which
same Ii located; an taat the price to
be paid by said co .poration for said
plant is not to exceed the fair value Ct
said plant when the factory is in
successful operation.
M g. That no paynent on said stock
subscription shall la iua or payable
until the factory of said Marshalltown
Busy Company begins operation and
engages in the actual manufacture
OF hIgg'es.
FL That should said Marshalltown
Buggy Company at any time fail in
business or discontinue the actual
manufacture of buggies then all fur
ther liability of the subscribers for said
stock shall cease.
- NM =
Stock" subscribed for shall be paid for
by the subscriber at a rate not ex-
ceeding one ($1.00) dollar per week
for each and every week until the face
value of said share of stock viz: two
hundred fifty (s250.00) dollars. has
been paid, and that there shall be no
interest on deferred payments.
Fl. That the subscriber to stock
shall have none Of the rights of a
stakeholder until said stock is fully
paid up and issued to him as herein
provided.
I. That there shall be, paid by the
Marshalltown Buggy Cinpany to the
trustee herein designated, such share
OF the net earnings of the company as
shall be in proportion to the amount
paid into said trustees hands by said
subscribers at the time the annual
dividend is declared. That Is, in the
division of net earnings, said trustee
shall be treated by this corporation,
for the purpose of dividends, as the
holder Of paid up stock to the extent
OF the amount actually paid in cash
into the trustees hands.
Said amount of net earnings shall be
distributed by the trustee among the
various shares of stock In proportion
to the payments made upon same by
the subscribers.
j. That each subscriber has the OPP
ton. at the time he has paid in two
hundred fifty (s25O00) dollars, if he so
elects. to treat all money paid in as d
donation to the Marsnalltown Buggy
Company for the purpose of eneourag
Ing the manufacture of buggies in said
city, or instead of having issued to him
one ~ paid UP share Of stock.
K. That said Treasury Stock" or
"Trustee Stock" viz: two hundred
(200) shares. Of two hundred fifty
($250.00) dollars each, shall be signed
and sealed leaving the name of the
proposed owner in blank, and delivered
to some bank of Marshalltown, Iowa,
and held by said bank in trust for the
subscribers for said Treasury or Trustee
Stock That said bank is to credit
upon said stock subscription all in
stallment payments. and turn the pro-
ceeds over to the Marshalltown Buggy