Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-04-09

whatsoever at Wholesale; also for the
purpose of furthering and advancing
its 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
ryfng it 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 Its
said business; that its capital stock
shall be 25,000.00, divided into shares
of $4,000 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 stakeholder and this cor
poration; that it shall be authorized To
commence business when stock
amounting to s12,500.00 has been sub
scribed and paid for; that it's exist
ence began April l, 1907, and shall
continue for twenty years thereafter
unless sooner dissolved by an afT1rma-
tive vote of not less than three-fourths
of the issued and outstanding capital
stock; that it's affairs shall be con-
duced by a board of five directors and
a President, Vice President, Secretary
and Treasurer; that said directors
shall be- chosen by tl4e stockholders
from their number at their regular
of December of each year to be held
at it's general office in Ottumwa
Iowa, and shall hold Office for one
year, or until their successors are
elected and qualified; that upon fail
ure to hold an annual meeting or TO
elect directors such an election may
be held at stockholders meeting
thereof to be called for that purpose;
that each share of stock shall entitle
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 failure or omis-
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 stockhold-
ers and board of directors on the Sec
ond Tuesday of December 1907 the
Board of Directors shall be G. L. Graz
ham, N. P. Latimer, M. D. Grouchy,
S. E. Latimer and T. J. Donohue and
its officers shall be c. L. Graham,
President; N. p Latimer, Vice Presi-
dent; 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 sub
ject shall not exceed two-thirds of ito
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
t1on.
Dated April 1. 1907.
ottumwa Mercantile Company,
BY c. L. Graham, President.
| Attest: M. d. Grouchy,
(Sealr Secretary.