Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-08-10

law Oh the Stale OF iowa TOT the puT-
pose hereinafter expressed, do hereby
adopt the following articles Of incor-
poration:
ARTICLE T..
Name and Place Of Business.
| The name Of this association shall
be '"Ottumwa Pottery and Clay Pro-
ducts Company with its principal
place Of business at the city Of Ottum-
wa, Wapello county, Iowa, with the
right to have branch offices and to
transact business In Iowa and else,
| where.
ARTICLE II.
Mature Of Business.
The general purpose of the corpora
ton shall be to purchase, own, lease
sub-lease, sell, mortgage, bond. pros
pect, improve, develop and mine Pot
tiers clay fire clay, keaolin, coal. Ignite.
asphalt, stone, shale. gas, oil, water,
| mineral water and all other mineral
and mining claims Of whatsoever char
acter or description together with the
right of manufacturing and convert
| ing any and all Of the above named
substances into marketable products
or wares of owning and leasing of all
necessary personal or real estate for
successfully conducting the said gem.
eral business and the marketing OF
the product thereof, procuring of the
right of way, erection and maintain
ance of all necessary houses. machin-
cry, kilns and other buildings, hoists,
dumps, tanks, reservoirs, pipes and
pipe lines, tramways, grades railroads,
cars. rails and ties, tools and appli-
ances for producing mining and man
ufacturing said clays, coal, minerals
shales, gas, oil, asphalt, etc, with the
power to maintain stores. and other
means Of supplying merchandise, min
ing tools and implements. selling and
dealing In the same; with the power to
erect and maintain gas and electric
light plant, electric and steam railway.
and the owning of all property nee
| essary to operate the same with the
right of way for tracks, tramways,
| depot, etc. enjoying and possessing tho
same powers over all Of It's said prop
erty as the private individual would
enjoy as they are by law conferred up
on corporation.
| ARTICLE III.
Common Seal.
| This association shall have COM
mon SEAL upon the face of which Will
be inscribed "Ottumwa Pottery and
! Clay Company" which it may alter ut
! pleasure.
ARTICLE w.
Products of the Associ alton.
] This association shall have and en-
joy the following powers:
To perpetuate the succession.
To sue and be sued by its corporate
name
| To render the interests therein of
the stock holders transferable.
To exempt the private property Of
its members or stockholders from any
| liability for corporate debt, except as
otherwise provided by law.
| To make contracts. to acquire and
transfer property, real and personal
possessing the same powers in such
respect as natural persons.
To establish bylaws and make all
| rules and regulations necessary for
the management OF it's affairs
ARTICLE ".
Commencement and Duration.
This corporation shall begin upon
the adoption, filing and recording Of
these articles and the Issuance to it of
certificate by the Secretary of the
state of Iowa, as provided by law,
and continue for a period of twenty
years, with right of renewal.
ARTICLE VI.
Capital Stock.
| The amount Of capital stock author-
| lied to be issued is sixty thousand
| (s80 ,000.OO) dollars to be divided into
shares of one hundred ($100.00) dollars
each, same to be fully paid and nom
assessable and to be issued in con-
formity to the laws of the state Of
| Iowa.
ARTICLE VII.
Board Of Directors and Annual Meet
ing.
The affairs of this corporation shall
be conducted and managed by board
of Ave directors, who shall be elected
from the shareholders of this associa-
ton at the annual meeting of the corr
poration, which annual meeting shall,
| take place on the second day of July,
1907, In Ottumwa, Iowa, and yearly
thereafter on the first Tuesday in
/ July.
| Said association does hereby select
and name the following persons: Ira
D. Smelser, Ottumwa, Iowa; w. H. H.
Asbury, Ottumwa Iowa; ]. H. Mitchell,
| Ottmwa Iowa; G. ]. Ekfelt, Ottumwa,
| Iowa, and F. M. Hunter, Ottumwa,
Iowa, as its board of directors, to act
as such until the first annual meeting
on the second day of July, 1907, or un-
! til their successors are duly elected
| and have accepted office. All va
cancies in the board of directors shall
be filled by majority vote of the
remaining members of the board and
the person so elected shall hold office
until the next annual meeting Of the
stockholders. A majority of the board
Of directors shall constitute quorum
for the transaction of business.
ARTICLE VIII
Election of Officers.
The annual meeting Of the board OF
directors shall be held on the frs,
Tuesday of July, 1907, Immediately
! following the adjournment of the an
nual meeting of the stockholders. "ant
each year thereafter" at which time
they shall elect from the membership
of said association President Vics
Il President Secretary Treasurer and
! General Manager at pleasure; all OF
said officers shall perform the duties
usually devolving upon like officers G.
, similar associations. Until the frs,
annual meeting of the board of direc-
tors the following persons shall be
the officers of the corporation:
il PRESIDENT. T. Hackworth, Ottum.
! wa, Iowa.
i Vice President-Frank L. Hail. Des
Moines. Iowa.
SecretarY-E. r. Mitchell. OttumMa