Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-03-26
j. B. SAX co,
N 0 I ! C { 0 F
incorporation
To whom it may concern:

To whom it may concern:
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
January 1s, 1908, and filed with the
secretary of Estate for Iowa, who issued
the certificate of Incorporation, on or
about January %, 1908, and said
articles, among other things, contain
the following provisions:
The name of the corporation is j.
B. Sax Company and it's principle
tumwa, Wapello county, Iowa, but it
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 is and shall be the
purchase and sale, at wholesale or re-
tall, 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.
purchase. sell and lease all such real
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 filed 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 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 APP
plication.
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 Of Iowa,
towit: On or before January %, 1908,
and it 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 it may be dis,
solved at any time, either at a.
stockholders annual meeting or at "A
1 1io1 e%1 oIrl,o \ Co.
| that purpose and by a vote of not less
than two-thirds of the then issued and
out standing 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 by president, vice pres
ident, secretary and treasurer, and by
a board of three directors, all of whom
shall be chosen by 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 hol6
office for one year or until their sue
cessors are elected and qualified. but
the stockholders, by a vote of two
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 this
second Monday of January of eacf
year, beginning at 1880 o'clock p. m.
at the general office of tht
corporation at Ottumwa}. Iowa
but until the annual stock
holders meeting to be held il
January, 1909, the articles provide tina
J. B. Sax shall be president, AL E
Gustavison, vice president. F. P. Baer
, treasurer and Patrick Maloney, sec
rotary, and the board Of directors
shall consist of J.. B. Sax, Patricl
Maloney and Morris Sickle.
The highest amount of Indebtedness
!, to which the corporation may at an.
time subject itself may equal, blu
. shall at no time, exceed in amour
two thirds of the par value or amour
Of it's issued and outstanding capita
: stock.
/ The articles provide that the privat
property Of the members and stock
holders of the corporation, is and shall
be exempt from corporate debts.
]. B. Sax Company,
By ]. B. Sax, President
Attest:
Patrick Maloney, Secretary.
The official chaplain is messenger