Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-02-28
LEGAL.
Notice of incorporation.


Notlce is hereby given that a body
corporate has been organized under
the laws of the state of Iowa; that its
corporate name is "Spurgeon Invest
ment Company" and it's principal place
OF business shall be at the city of OF
tumwa. Wapello county, Iowa; that the
general nature of the business to be
transacted by it, is to subscribe for
own, hold. buy, sell and deal in the
stocks and bonds of other corporations
10 establish. maintain and carry on
stores and buy and sell general mer-
chandise of all kinds whatsoever, to
acquire, hold, sell and deal in real es-
tate. to loan money to other corpora
lions or to individuals and to have
same evidenced by notes or bonds and
10 nave same secured by mort cages or
deeds of trust, or not secured at all,
also to acquire, establish, hold, sell or
mortgage, grounds and buildings nee
essary or convenient for the conduct
Ing of Its said lines of business; also TO
execute and carry out all contracts and
obligations adapted to the nature Of
Its business and convenient for carry
Ing 1t on including notes, bonds, mort
cages, orders, drafts, script and all
other writings or instruments neces-
sary or convenient in the transaction
of Its business; that its capital stock
shall be $4,000, divided into shares Of
800 each, to be paid for at. the time Of
the Issuance of the stock, in cash or its
equivalent in personal or real property
at price to be agreed upon between
the stakeholder and this corporation;
that 1t shall be authorized to COM
mence business when stock amounting
to $12,500 has been subscribed and
paid for; that Its existence began on
January 20, 1907, and shall continue
for twenty years thereafter. unless
sooner dissolved by an affirmative
vote of not less than three fourths of
the issued and outstanding capital
stock; that its affairs shall be conduct
/ ed by a board of five directors and a
president, vice president. secretary
and treasurer; that said directors shall
be chosen by the stockholders from
their number at their regular annual
meeting on the second Wednesday of
January In each year. to be held at its
general Office in Ottumwa. Iowa, and
shall hold Office for one year or until
their successors are elected and quail
fed; that upon failure to hold an an
nual meeting or to elect directors, such
election may be held at a stockholders
meeting thereof to be called for that
purpose; that each share of stock shall
entttle the holder thereof to one vote
at all stockholders meetings which ne
may cast in person or by written
proxy; that the President, Vice Presi-
dent, Secretary and Treasurer shall be
elected by the Board of Directors at
their annual meeting of each year TO
be held at The same place, and imme-
diately after the adjournment of the
annual stockholders meeting in each
year and shall be stockholders, but
need not be directors; that in case no
annual meeting Is held or there is a
failure or omission to elect officers, the
board of directors at any subsequent
meeting may elect officers; that said
officers shall hold office until their sue
cessors are elected and qualified; that
until the election of officers by the
board of directors at their annual
meeting on the second Wednesday Of
January, 1908, the officers shall be as
follows, to-wit; II. +. Sturgeon, Pres
ident: w. +. Tabler, Vice President,
and M. D. Grouchy, Secretary and
Treasurer; that the highest amount Of
indebtedness or liability to which the
corporation is at any one time to be
subject shall not exceed two-thirds rf
Its issued and outstanding stock at
the time; and that the private proper
ty Of the stockholders and members of
the corporation is and shall be exempt
from corporate debts Of this corpora
ton.
Dated February IL, 1907
STURGEON INVESTMENT CO,
BY II. F. Sturgeon, President.
Attest: NJ w. Grouchy,
(Seal) Secretary.