Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-01-23
NOTICE OF INCORPORATION.

Notice - he reby given ttAt the G.-
de9utgned have associated themselves
together under and by virtue OF chap
tar one, title nine, OF the code Of Iowa,
and The laws amendaro-y thereto. as 2
corporation, mad have adopted articles
Of incorporation which provide as fol-
lows, toTit:
1.-The name Of such corporation IS
the Sinclair Tea and Coffee Co.. and
its principal place Of t-aasacEns bust
ness = Aarshalrown. Iowa
The general nature OF the bust
neas ana object OF the corporation IS
to boy and sell, at wholesale or retail,
teas. eonees, spices and groceries, and
such other articles OF general nerchaa-
disc and such other articles Of general
use. a. may be determined upon from
time to time by the officers OF sad
company. This corporation shall also
have power TO purchase and own its
own capital stock; 20 bold. mortgage
or Otherwise acquire, TO SCI, assign
transfer. mortgage pledge. o. other
wise dispose Of, shares o. the capital
stock. OF bonds. deoeoeures or other
evidence Of Indebtedness created hyj
other corpor1stoa OF corporations. and
while the holders thereof, to exercise
all the rights and privileges d ovos--
ship, inciadtng the right c vote rhe-e-
on; and 70 sell convey. pledge O. mort
gage any or 81 OF ts prope-y; and
shah have ali the powers that are by
law conferred OF corporations Tor Pc
cUniary profit
s-Ths amocns % capital stock au-
thori1ed By the articles 0. inco-po-a-
ton u thirty thousand (sso ooo. oo) dol
corporation has received payment II
full therefor. at par, Il cash or prop
ry. provided, however. that when
stock 1t to be issued for anything other
than money, /. must be upoo proper
acton By the officers or directors, and
following consent Of the executive
council Of Iowa, and Otherwise as pro-
vioed il section 1s41-b o. the supple
nent to the code % 1907. and any
amendments thereto. The capital stock
authorized may be increased ny q vote
Of two thirds t2-3) n interest Of al
stockhol6 ers, thru anend-nsc. 10 the
articles. When the outstanding capital
is increased, the additional shares shai.
be offered to the existing stockholders
proportiorately 70 their holdings a.
not less than par. for the period Of Ten
4.-That the said corporation shall
commerce business after a certificate
of Incorporation has been issued by -he
secretary Of the state, which certificate
was issued on the 18th day ot Deem
Der. 1911, and when five thousand 49,
eo0.N) dollars OF stock has been issued
and fully paid The to,a! amount OF
capital stock now Issued is twenty
thousand (s2o,ooooo) dollars.
5.-That the affairs Of sucl CORPORA
ton are 20 De conducted ny Two (2)
directors, to be elected on the second
Tuesday in jauuGy, 1872, ard on the
second Tuesday Of January in each
succeeding year. at which elections each
person or corporation shall be en-
titled to one % vote for each share OF
stock owned by such person or corpo-
ration, which vote may be cast in per-
son or By written proxy, and until the
election OF such officers IN January.
1912, the following named persons: j.
e. Soderquist mad c. A Newcomer,
shall be the directors Of such corpora
ton, and the directors at their first
meeting in each year shall elect 2 pres
ident, vice-presioent, secretary and
treasurer. and such other officers as
they may see 1T, or as may be provided
for by the bylaws Of this corporation,
who shall hold their Offices for one %
year. and until their successors are
elected and qualified. The board Of di-
rectors may be increased to not more
than five co, by a majority vote Of the
stockholders. Every director shall be
q stakeholder, ard If any director shall
sell or transfer his stock in this corpo-
ration, he shall at once cease TO be a
director. The board Of d;recaors may
fill all vacancies occurring in its mem :
bership between annual elections. by
the appointment of qualified persons To
hold office for the remainder of the
term.
6.-The highest amount of indebted
ness to which said corporation shall a,
any time subject itself shall not ex-
coed two-thirds (2-3) OF its capita
stock.
5-The private property Of the mem.
bers Of such corporation shall be ex-
empt from the debts Of said corpora.
tion.
S-The corporation may make ant
alter bylaws at its pleasure, and may
authorize the board of directors to dt
10. subject to such restrictions as may
- deemed advisable.
J. E. SODERQUIST.
c. A. NEWCOMER
Boa1dman & Lawrence. attorneys