Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-04-16
Notice Of incorporation.

Notice is hereby given that a body
corporate has been organized undef
the laws of the state of Iowa; that ita
corporate name Is "Ottumwa Mercan-
tile Company" and its principal place
of business shall be at the city Of
Ottumwa, Wapello County, Iowa; thai
the general nature of the business to
be transacted by It, is to buy, sell, and
deal in Notions, Department Stora
Supplies and all kinds of Merchandise
at Wholesale; also to buy, sell and deal
In general merchandise Of all kind
whatsoever at WHOLESALER; also for the
purpose of furthering and advancing
It's business, to subscribe for. hold
own buy and sell stock in other cor
porations ao-ng retail business In the
same lines; also to acquire, hold sell
or mortgage real estate and buildings
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 its
business and to do anything and
everything adapted to-, necessary to
or convenient In the prosecution of Its
said business; that it's capital stock
shall be $25.000.00, divided into shares
OF 10000 each, to be paid for at the
time of 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 cor
poration; that 1t shall be authorized I'll
commence business when stock
amounting to $12,5o0.00 has been sub
scribed and paid for; that. Its exist
ence began April 1, 1907, and snail
continue for twenty years thereafter
unless sooner dissolved by an afffrIna
tive vote Of not less than three foarths
OF the Issued and outstanding capital
stock: that It's affairs shall be con-
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 Tuesday
of December Of each year to be held
at Its general Office in Ottuuawa.
Iowa, and shall hold Office for one
year. or until their successors are
elected and qualified; that upon a faii-s
ure to hold an annual meeting or 10
elect directors such an election may
be held at a stockholders meetinA
thereof to be called for that purpose;
that each share Of stock shall entitla
the holder thereof to one vote at all
stockholders meetings which he may
CdSC III person Ori5 DyF pECAyt5 THAT sI10
President, Vice. President, Secretary
and Treasurer shall be elected by thu
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 lis failure or omis-
sion to elect officers the board OF di-
rectors at any subsequent meeting
may elect officers; that sail officers
shall hold office until their SUCCESSORS
are elected and qualified; that until
the annual meeting of the stoclkhold-
ers and board Of directors on the Sec
ond Tuesday OF December, 1907 the
Board of Directors shall be c. L. Graz
| ham, NJ p. Latimer, NJ. D. Grouchy,
8. T.. Latimer and T. j. Donohue and
| its officers shall be G. L. Graham,
President; N. P. Latimer, Vice Presi-
dent; NJ. D. Grouchy. Secretary ana
| 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 Its
| issued and outstanding stock at the
| time and that the private property Of
1 the stockholders and members Of the
corporation is and shall be exempt
from corporate debts Of this corpora
! ton.
| Dated April 1 1907.
Ottumwa Mercantile Company,
BY c. L. Graham, President.
1 Attest: NJ. d. Grouchy,
] lseaD Secretary.