Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-03-19
j. B. SAX co.
N @ T | C { @ T
INC0RPORA ALTON

To whom it may concern:
Notice is hereby given that a 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 OIL
about January 20. 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
other places in Iowa, or in other states.
as maybe determined by the stock
holders from time to time.
The general nature Of the business
to be transacted Island shall be the
purchase and sale, at wholesale or re-
tail, of all kinds of mems, women's
and children's clothing and wear, in
Guiding all kinds of merchandise and
goods usually kept for sale in or In
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
purchase, sell and lease all such real
estate, as may be desirable or con-
venient in carrying on it's 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 particularly by
Chapter Seventy Of the Acts OF
tie Thirty 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 APP
plcation.
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 it is to endure and continue fol
twenty years from and after said date
of issuance of said certificate. unless
or the terms Of said articles, which
provide that it may be dis.
solved at any time. either at 8
stockholders annual meeting or at c
special stockholders meeting called TO
that purpose and by vote of not less
than. two thirds Of the then issued and
OUTSTANDING capital stock, and tn
shall commence business as soon a
the certificate Of incorporation is is
sued, and Thirty Thousand Dollar
par value Of it's stock Is subscribed for
The affairs Of the corporation are t.
be conducted by a president, vice pres
ident, secretary and treasurer, and b
board of three directors, all of whom
shall be chosen by and from amont
the stockholders at the annual meeting
of the stockholders each year, failin!
in which then at a subsequent stock
holders meeting, called for that pur
pose.
The officers and directors shall hol
office for one year or until their sue
cessors are elected and qualified, bu
thirds of the issued stock, at any an
nual stockholders meeting. may in
crease the number of directors to five
for the ensuing corporate year.
The articles fix the annual stock
holders meeting to be held on tn
. second Monday Of January Of eac
year, beginning at 1880 o'clock p. m
|, at the general office of tn
corporation at Ottumwa, low;
but until the annual stock
holders meeting, to be held
: January, 1909, the articles provide tha
> ]. B. Sax shall be president, A. T
t Gustavison, vice president F. P. Bae
treasurer and Patrick Maloney, sec
rotary, and the board of director
shall consist Of j. B. Sax, Patric
: Maloney and Morris Sickle.
The highest amount of Indebtedness
: to which the corporation NAV at an
2 time subject itself, may equal, b,
f shall at no time, exceed in amour
two thirds of the par value or amour
: of it's issued and outstanding capt.
stock.
: The articles provide that the priva
D property of the members and stool
a holders of the corporation, is and sha
t be exempt from corporate debts.
+ J. B. Sax Company
}. BY ]. B. Sax, Presiden
, Attest:
Patrick Maloney secretay.
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