Evening journal., 1914-01-01
DEVELOPMENT
COMPANY IS
CHARTERED
Lcontinued lrom Flrst paae.l

lrenee DUPONT, Of the DUPONT Powder
company.
Charles R. Miller. governor OF Della
ware.
Alfred D. Warner, Jr., Of the Charles
Warner Company
John j. sattcrthwait, Of the Remne-
SON Machine Company.
joserh Bancroft OF the Joseph Ban
efolt and Sons Company
Henry NJ. Taylor OF the American
Nuleanized tibic Company.
The names OF the cofporators by no
means iuclude an who have sub
sercibed TO stock ia the new corpora
tion Some other Wilmfngtonians Of
prominence and Of hign nnansiai
Standing have taken stock ia the
development company. but do not wish
to appear publicly in the formation Of
the company TO boom the city.
Josiah. Marvel, president of the
Chamber OF Commerce. and r. NJ. Pine
cell, Jr, who retired yesterday as
Industrial manager. have devoted
much time 10 the formation of the
development COMPANY. and have had
the active assistance OF George H. Nc
Govern, secretary Of the Chamber Of
Commerce. and of John s. Hamilton,
publicity manager. as well as the Off
GERS and directors and members of
Tho Chamber. INA fact. the whole plan
has been a harmonious evolution with
The idea in mind OF doing greater
things for Wilmington
The charter of the Wilmington De-
velopment Co. authorizes and gives
that corporation broad powers u can
endorse the notes or guarantee the
obligations of persons. firms or cor
porauons. IL can acquire good will.
rights and property. assume assets or
liabilities and conduct or operate
businesses. IL can buy. lease or hold
realty and other property II can
engage Ia manufacturing, and deal in
and sell goods or products of any de- |
scrlpuon. IL can buy, hold or secure
rights, Inventions, letters pa.cnt and
copyrights, in the United S ates or
other countries, and operate under /
huch rights or licenses. II can guar I
antee stocks, bonds or other securi- /
ties OF corporations and have voting
rights Hereunder. 10 can enter into
contracts of every kind with persons
partnerships, firm or corporations.
State Government. territory or col
ony- II can draw and discount prom
issory notes. Ia general. it can carry
on any business not contrary to the
laws Of Delaware
The private property of the stock
holders shall not be subject to the
payment of corporate debts. No money
oolgauonin excess OF $1,000 shall be (
created, except by affirmative vote of
two-thirds of the directors. The TO-
tai amount of existing oblgations in
CURED by the corporation shall not
exceed hfty per cent. of the stock
actually subscribed
The articles of Incorporation are
as follows:
Certificate of Incorporation of
Wilmington Development COMPANY.
First. The name of this corpora
tor Is Wilmington Development
Company
Second. The principal office and
aee Of business IN the State of i
Delaware is 90 hc located in The city
of Wilmington, county of New Cas-.
tle. The agent in c.afec thereof Is
Wilmington Development, Com.
pany.
Three. Tho nature of the bust
ness and the objects and purposes
proposed to be transacted. promoted
and carried on are TO do any or an
of the things herein mentioned. as
fully and TO the same extent as
natural persons might or could do
and IN amy part CT the world viz.
To endorse the notes or euaian.
tee the payment of the obligations
OF individuals. partnerships or cor
porations within the limitations
hereinafter set forth; and to under
write issues or portions of issues of
stocks or bonds or other securities
of corporations.
To acquire the good WILL rights
and property. and to undertake the
whole or any part of the assets OF
liabilities of any person, firm, asso-
citation or corporation; TO hold or i'm
any manner Go dispose of the whole
or any part of the property SO pui-
chased' TO conduct in any lawful
manner tho whole or any part of
any business SO acquired and TO
exercise all the po~crs necessary or
convenient in and about the con-
duct and management of such bust
ness.
To take, own hold, deal in, mort
gage or otherwise lien. and to lease.
sell. exchange. transfer, or in amy
manner whatever dispose of real
property. within or without the
State of Delaware, wheverer stu.
ated.
To manufacture. purchase or nc.
quiro in any lawful manner. and TO
hold. own mortgage, pledge. SELL
transfer, or IN any manner dispose