Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-25
Notice Of incorporation.

Notice Of Incorporation.
To Whom it May Conc arn:
Notice is hereby given, that the
undersigned have associated them
selves together under and by virtue OF
chapter one, title nine, of the Code of
Iowa. and the laws amendatory there
to, as a railway corporation. and have
adopted articles of incorporation as
follows, to-wit:
a. The name Of such corporation
is Union Traction Company of Iowa,
and it's principal place of business Is.
Marshalltown, Ia.
(2) The general nature of the bust
ness to be transacted by this corpora
ton shall be the acquisition by con-
struction, lease. or purchase of rail-
ways, interurban or street railways.
upon the streets and highways of any
city or town, or other territory within
the state of Iowa, and shall be the
building, equipping and operating
line of electric railroad, single or
double track, from the city of Mar
shalltown, Iowa, to Waterloo. Iowa, by
the most practicable and feasible route
and to build such extensions of said
line from any of it's stations or points
on said line as shall be deemed neces-
sary to carry on and do the business
of said proposed line of road; and in
connection Herewith to acquire, pur-
chase or to erect, construct and main
tain and operate a gas and electric
plant for the purpose of manufactur-
ing and generating gas and electricity,
one or both, as may be necessary, and
incident to the main purpose of the
corporation.
And it shall have the power to ac-
quire rights of way, depots and other
grounds necessary for the construction
and operation of its said railway and
plant by purchase, donation, condem-
nation or otherwise, and also to ac-
duire all necessary rights and fran
chises therefor.
And it shall have power to own,
maintain, sell or dispose of said system
of railways, or interurban or street
railways, privileges. franchises and
property, or any part thereof, and to
operate the same and carry passen-
gers, freight, express and mail over
and along the same, and to transact,
and carry on any and all ordinary
business over and along said railways
and plants as Is usually transacted or
carried on by other roads and plants
by electricity, or any other motive
power now known or to become known,
over and along its wires and condults.
1t also hereby authorized to pur-
chase or lease the property, real ana
personal, privileges, franchises ana
rights and capital stock in whole or III
part, Z: eng other railway, i.ltesuroa',
street or electric line, and to that END
shall have perpetual succession, and
shall have power to sue and be sued by
it's corporate names; render the in
terests of the stockholders transferra-
BILE; to exempt private property of its
members from liability for it's corporate
debts; to make contracts; acquire and
transfer property; and in all respects
hold and enjoy the same powers In
such respects as private individuals
now hold and enjoy under the laws OF
the state of iowa; to establish bylaws;
make rules and regulations necessary
for the management of its affairs.
To locate, construct, lease, purchase,
own and operate telegraph and te1e-
phone lines along all its lines of rail-
way. Also to locate, construct, pur-
chase, own, lease. operate ard MAIN
tain all such tracks an6 switches as
may be convient to ",aich coal mines,
quarries, grave1-pits., elevators, factor
les, freight and warehouses accessible
to it's line of railway
(3) The amount Of capital stock au-
thorized by its articles If nc corporation
Is one hundred thousand cellars. Said
stock to be paid i'll At sl n times and
upon such conditions as the board Of
directors may require.
(4) Private property of the stock
holders of this corporation to be ex-
empt from liability for debts of the
corporation
(5) The highest amount of indebt-
edness to which the corporation may
subject itself shall be an amount equal
to two-thirds (2-3) of its capital stock
(6) The business and affairs of this
corporation shall be maraged and con-
trolled by board of directors con-
sisting of eleven GD persons who shall
be stockholders of the corpora ton, and
who shall be elected by ballot at the
annual meeting of the stockholders and
shall hold their offices until their sue
cessors are elected and qualified.
But lile IFSl HiioStoiS dIiu oiiISio
of this corporation, who shall act until
the annual election. shall be L. c. Nor
ris, Chas R speer. D. T. Denmead. r.
A. Elzy, Horace Boies w. w. Marsh.
]. z. Sedgwick, Geo f. Litchy. Frank
]. Fowler. Fred L. Maytag and w. o.
McElroy, who are named as the First
Board of Directors of the corporation
who shall hold their respective offices
until the first annual meeting of the
stockholders: and D. T. Denmead is
hereby named as president of said COR
poration; ]. e. Sedgwick as vice presi-
dent; Z. C. Norris As secretary, Geo. e.