Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-09-16

shipping coal, equippinE, own
ing and operating railways and
other roads and acquiring rights
of-way therefore, by purchase
lease or condemnation in 30 far as
such railways and roads may be neces-
sary in reaching any coal lands, mines
or other property owned by the coirpor..
alton and In operating the same In all
ways connected with such mines, coal
or other mineral lands and other lands,
except in such ways as to make them
q common carrier OF passengers or
freight over such railways pr roads;
also buying, selling, leasing and i'm
proving real estate, building. leasing,
buying and selling houses and buying
and selling merchandise and personal
property. including its own stocks and
bonds and the stock. bonds and secur-
tiles OF other corporations; or borrow
ing such funds as may be necessary to
carry on any Of the lines Of its business
and pledging its property for the Sc
curity thereof
The amount of capital stock author
ICED IL fifty thousand dollars ($50,OO0)
divided into shares Of the par value Of
one hundred dollars $1,000 each, all
stock to be fully paid up at the time Of
and other things Of value in q manner
consistant with the laws OF the state
Of Iowa. Eight thousand dollars ($8,000)
OF said capital stock to be fully paid in
when said corporation begins business,
and the remainder thereof from time
to time as the board of directors may
require.
The corporation shall commence and
date from the time it's certificate Of in
corporation issued, towit, the goth day
Of August 1918, and it shall endure and
continue in existence for twenty (20)
years thereafter unless sooner dis
solved. as provided in the articles Of
incorpora ton, or as provided by said
articles when amended, or in some
other lawful manner.
The affairs and business of the COR
poration are to be /. conducted by z
board of Ave (5) directors to be elected
annually by the stockholders at their
annual meeting to be held at the office
such other place in Bidwell as the
president may designate, on the Sec
ond Wednesday in May of each year.
and to hold Office for one year and un-
til their successors are elected and
qualify
The officers Of said corporation will
be president, vice president, secretary
and treasurer, to be elected annually by
the board Of directors at their annual
in May Of each year, at the same place
as the annual meeting Of the stock
holders, and immediately thereafter II
practicable, or within a reasonable
time after the election Of the board Of
directors, and to hold office for one
year, and until their successors shall
be elected and qualify. The board hav-
ing the power to elect or appoint any
one person to fill any two Of the said
offices, and also to create the office Of
general manager.
No person shall be director, presi-
urer, unless he Is the owner OF not less
than ten (10) shares of the paid up
capital stock.
In the event Of the failure to hold
said annual meetings. or elections on
said date, the same may be held at a
subsequent special meeting called for
that purpose. The highest amount Of
Indebtedness to which said corporation
shall at any one time subject itself,
shall not exceed two thirds Of the cap
ital stock actually paid up and OUT
standing, and the private property Of
its stockholders is. and shall be exempt
from corporate debts.
Until the first annual meeting and
election OF directors and officers to be
held In 1914. the persons constituting
the board Of directors and who shall
hold said offices, are named in the ar
ticles Of Incorporation. to which refer
ence is here made.
Bidwell Coal Company,
BY John Ramsey, President
Attest: Homer III. Harris. Secretary.