Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-01-16
NOTICE OF INCORPORATION.

NOTICE OF INcoRPoRATIoN.
To Whom it May Concern:
Notice is he reby given that the .u1.
dersigned have associated themselves
together under and by virtue of chap.
ter one. title nine, OF the code Of Iowa,
and the laws amendatory thereto, as q
corporation, mad have adopted articles
Of Incorporation which provide as fol.
lows, towit:
1.-The name Of such corporation il
the Sinclair Tea and Coffee Co." and
it's principal place Of transacting bust.
ness is Marshalltown. Iowa.
2.-The general nature Of the bust.
ness and object Of the corporation 10
to buy and sell, at wholesale or retail.
teas. coffees. spices and groceries. and
such other articles Of general merchan-
disc, and such other articles Of general
use. as may be determined upon from
time to time by the officers Of said
company. This corporation shall also
have power to purchase and own it's
own capital stock: to hold, mortgage.
or otherwise acquire, to sell, assign,
transfer. mortgage, pledge, or other
wise dispose of, shares of the capital
stock, or bonds- debentures. or other
evidence Of Indebtedness created by
other corporation or corporations. and
while the holders thereof, to exercise
all the rights and privileges Of owner
ship, including the right o vote there
on: and to sell. convey, pledge or mort
gage any or all Of its property; and
shall have all the powers that are by
law conferred on corporations for Pc
cuniary profit
3.-The amount Of capital stock au-
thorized by the articles OF incorpora-
ton is thirty thousand ($3o.o0o.00) dol
lads. No stock shall be issued until tho
corporation has received payment in
full therefor. at par, in cash or prop
erty, provided. however, that when
stock IL to be issued for anything other
than money. it must be upon proper
action by the officers or directors. and
following consent Of the executive
council Of Iowa. and otherwise rs pro-
vided in section 1641-b Of the supple.
ment to the code Of 1907, and any
amendments thereto The capital stock
authorized may be increased by vote
Of two-thirds (2-3) in interest OF all
stockholders. thru amendment to the
articles. When the outstanding capital
Is increased, the additional shares shall
be offered to the existing stockholders
proportionately to their holdings at
not less than par, for the period Of ten
l0) days before sale to other parties.
4-That the said corporation shall
commence business after a certificate
Of incorporation has been issued by rho
secretary OF the state, which certificate
was issued on the 26th day Of Decem-
Der, 1871, and when five thousand ($5.-
coo O0) dollars OF stock has been issued
and fully paid. The total amount Of
capital stock now issued Is twenty
thousand (s2o,000.O0) dollars.
5-That the affairs of such corpora
ton are to be conducted by two CD
directors, to be elected on the second
Tuesday in January, 1912, and 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 he the directors OF such corpora
ton, and the directors at their first
meeting in each year shall elect a pres
treasurer, and such other officers as
they may see fit, or as may be provided
for by the bylaws of this corporation.
who shall hold their offices for one %
wear. and until their successors are
elected and qualified. The board Of d.
rectors may be increased to not more
than five 60, by a majority vote OF the
stockholders. Every director shall be
a stakeholder. and 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 direcaors 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 at
any time subject itself shall not ex-
coed two-thirds (2-3) Of it's capita
stock.
The private property Of the mem.
bers Of such corporation shall be ex'
empt from the debts Of said corpora
| ton.
s-The corporation may make ana
alter bylaws at its pleasure. and may
| authorize the board Of directors TO 90
so, subject to such restrictions - may
| be deemed advisable.
]. E. soDERoU1sT.
| c.. A. NEWCOMER.
Boardman & Lawrence, attorneys.