Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-03-05
j. B. SAX co.
N 0 T | c { 0 F
INC0RP GRAFTON

To whom 1t may concerns:
Notice is hereby given that cor
poration has been organized at the CITY
of Ottumwa, Wapello county Iowa.
It's articles of Incorporation, recorded
in the office of the recorder of deeds OF
Wapello county, Iowa, on or about
January IS. 1908, and filed with the
secretary OF state for Iowa. who issued
the certificate of incorporation, on ori
| about January 90, 1908, and said
articles, anon other things, contain
the following provisions:
The name of the corporation is j
B. Sax COMPANY. and its principle
place of business is the city of OF
tumwa Wapello county. Iowa. but 1t
has the right to carry on business at
as maybe determined by the stock
! holders from time to time.
| The general nature OF the business
to be transacted is and shall be the
purchase and sell, at wholesale or re-
| sale of all kinds Of mems, women's
end chldren's clothing and wear, in
| GLIDING all kinds of merchandise and
connection with clothing or general
stores and including the manufacture
Of clothing. With the power also to
purchase and sell at wholesale or re-
tail, all other kinds of merchandise.
| 1t also has the power and right to
|
estate, as may be desirable or con-
venient in carrying on its business, to-
gether with the power to purchase,
hold sell and dispose OF corporate
stocks of other corporations engaged
| in any of the lines of business, which
said corporation has the right to carry
on and to do all other acts and things,
which are incident to or convenient in
carrying on any Of the lines Of bust
ness, which it Is authorized to conduct.
The amount of authorized capital
stock is fixed at Seventy Thousand
| Dollars, to be divided into shares OF
One Hundred Dollars each, certificates
to be issued therefor, as subscribed
for, and paid at the par value thereof
in cash, or. when subscribed for to be
paid for in property. or anything other
than money. then as authorized by the
executive council of the state Of Iowa,
upon application and leave granted, as
provided by law, and PARTICULAR" by
| Chapter SeVenty-one Of the Acts OF
the Thirty second General Assembly of
| the state of Iowa, and in accordance
with the finding and value fixed by
| the order, finding and determination Of
said executive council upon such ap-
| pllcatiOn.
The time of the commencement Of
the corporation, is the time Of the is
suance of the certificate Of incorpora-
ton by the secretary Of state for Iowa,
to wit: On or about January %, 1908.
and 1t is to endure and continue for
twenty years from and after said date
of issuance of said certificate. unless
sooner dissolved. as provided by law.
or the terms Of said articles, which
provide that 1t may be dis
solved at any time, either at Il
stockholders annual meeting or at IA
special stockholders meeting called for
that purpose and by vote of not less
than two-thirds of the then issued and
out -standin- capital stock, and the
articles provide that the corporation
shall commence business as soon as
the certificate of Incorporation is is
sued. and Thirty Thousand Dollars
par value of it's stock is subscribed for.
The affairs of the corporation are to
be conducted bv a president, vice pres
ident, secretary and treasurer, and by
q board of three directors, all Of whom
shall be chosen bv and from among
the stockholders at the annual meeting
of the stockholders each year, failing
In which then at a subsequent stock
holders meeting, called for that pur-
pose.
The officers and directors shall hold
Office for one year or until their sue
cessors are elected and qualified but
the stockholders, by vote of two
thirds of the issued stock, at any an
nual stockholders meeting, may in
crease the number of directors to Ave.
for the ensuing corporate year.
The articles fix the annual stock
holders meeting to be held on the
second Monday of January Of each
year, beginning at 7:30 o'clock p. M,
at the general office Of the
corporation at Ottumwa, Iowa,
but until the annual stock
holders meeting, to be held in
. January, 1909 the articles provide that
]. B. Sax shall be president A. E.
Gustavison, vice president. F. P. Baer.
treasurer and Patrick Maloney, sec
rotary, and the board of directors
shall consist of j. B. Sax Patrick
Malonev and Morris Sickle
The highest amount of Indebtedness.
to which the corporation NAV at any
time subject itself. may equal, but
shall at no time, exceed in amount
two thirds of the par value or amount
Of its issued and out standing capital
, stock.
, The articles provide that the private
property of the members and stock
holders of the corporation, is and shall
be exempt from corporate debts.
J. B. Sax Company
By J. B. Sax, President
{ Attest:
Patrick Maloney secretay
AMADOR.