Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-04-30
LEGAL.


Notice is hereby given that a body
corporate has been organized under
the laws of the state of Iowa. that Its
corporate name is "Ottumwa Mercan-
tile Company and Its principal place
of business shall be at the city OF
Ottumwa, Wapello County, Iowa; that
the general nature Of the business to
be transacted by 1t, is to buy, sell, and
deal in Notions Department Store
Supplies and all kinds of Merchandise
at Wholesale; also to buy sell and deal
In general merchandise Of all kind
whatsoever at wholesale; also for the
purpose Of furthering and advancing
Its business, to subscribe for. hold,
own, buy and sell stock in other corr
poratiohs ao-ng retail business in the
same linest also to. acquire, hold, sell
necessary or convenient for the con-
Quoting Of said line of business; also
to execute and carry out all contracts
and obligations adapted to the nature
Of its business and convenient in car
rying 1t on. including notes, bonds,
mortgages, orders, drafts and all other
writings or instruments necessary or
convenient for the transaction of It's
business and to do anything and
everything adapted to, necessary to
or convenient In the prosecution Of It's
said business; that its capital stock
shall be $25, 100000, divided into shares
of 100000 EACH. to be paid for at the
time OF Issuance Of the stock in cash
or It's equivalent in personal or real
property at price to be agreed upon
between the stockhblder and this cor
poration; that 1t shall be authorized tn
commence business when stock
amounting to $12,50O.00 has been sub
scfibed and paid for; that it's exist
ence. began April 1, 1907. and shall
continue for twenty years thereafter
unless sooner dissolved by an affirfna-
tive vote Of not less than three fourths
of the issued and outstanding capital
stock; that its affairs shall be con-
duced by a board of five directors and
and Treasurer; that said directors
shall be chosen by the stockholders
from their number: at their regular
annual meeting on the second Tuesday
of December of each year to be held
at its general office in Ottumwa,
Iowa, and shall hold office for one
year, or until their successors are
ure TO hold an annual meeting or 10
elect directors such an election may
be held at a stockholders meeting
thereof to be called for that purpose;
that each snare Of stock shall entitlH
the holder thereof to one vote at all
stockholders meetings which he may
cast in person or by proxy; that the
President, Vice President Secretary
and Treasurer shall be elected by tn.
board of directors at their annual
meeting of each year to be held at the
same place and Immediately after the
adjournment of the annual stockhold-
ers' meeting in each year and shall be
stockholders, but need not be direct-
ors; that in case no annual meeting
is held or there is a failure or omis-
sion to elect officers the board OF di-
rectors at any subsequent meeting
may elect officers; that said officers
shall hold office until their successors
are elected and qualified; that until
the annual meeting OF the stocknold-H
ers and board of directors on the Sec
ond Tuesday Of December, 1907, the
Board OF Directors shall be G. L.. Gra-
ham. N. P. Latimer, M. D. Grouchy,
S. e. Latimer and T. J. Donohue ana
It's officers shall be G. l.. Graham,
President: N. P. Latimer, Vice Presi-
dent; NJ. b. Grouchy, Secretary and
Treasurer; that the highest amount Of
Indebtedness or liability to which the
corporation is at any one time to be sub.
ject. shall not exceed two thirds Of It's
ISSUED and outstanding stock at the
time and that the private property Of
the stockholders and members of the
corporation is and shall be EXEMPT
from corporate debts Of this corpora
ton.
Dated April /. 1907.
Ottumwa Mercantile Company,
BY G.. L. Graham, President.
Attest: M. D. Grouchy.
tseaD Secretary.
T. u