Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-13
Legal Notices
Notice Of incorporation of F. W. Racine
Company.

u Company.
Notice is hereby given that a corpor-
alton for pecuniary profit, the name OF
which is F. w. Racine Company, has
been organized under the laws Of the
state Of Iowa, and that Its principal
sSplace of business is in the City or Ot-
tumwa, Wapello county, Iowa. The gen.
4 eral nature of the business to be trans
sacted by said corporation shall be that
q of carrying on and conducting general
Il merchandise business at such places,
within and without the state Of Iowa. as
II may be determined by the board or oil
directors, both at wholesale and retail,
Z and to operate stores for such business,
4 and for the purposes Of its business to
a purchase, lease and otherwise acquire
4 real estate and personal property, ana
to hold the same, and to sell or lease all
or any part of its real or personal prop
erty, and to do all such other acts ana
4 things as may be necessary or proper
In the operation Of it's business.
The authorized capital stock of said
corporation is $50 900 Of which $4,000
1 Is preferred stock and $4,000 Is COM
mon stock, and not less than 100 shares
amounting to $4,000 of the preferred
stock shall be subscribed and paid for,
before the corporation commences bust
ness. The remaining capital stock Shall
be sold at such times. in such amounts,
land at such prices, not less than par,
as shall be determined by the board OF
\ directors, and each stakeholder Is en-
y titled to purchase the same when issued
In proportion to the stock he then holds
n at the price fixed by the board Of di-
$rectors, and none Of said stock shall be
sold to any person not at the time Of
such sale stockholder in said corpora
Stion, until the then stockholders shall
have had an opportunity to purchase the
t. INn INTO n
J their holdings at the same price, and
4 upon the same terms as it is proposed
to sell to others. The stock of said cor
poration is transferable in writing reg
ularly entered upon the books of the
corporation, but no stakeholder shall
sell any Of his stock to any person not
stockholder in the corporation, until
! he shall have first offered 1t to the per- |
sons who are then stockholders and
given them a reasonable opportunity to |
purchase the same at the same price, in |
proportion to the holdings Of such Of
them as may elect to purchase, and no
stock shall be transferred on the books !
OF the corporation until evidence of
compliance with this provision is filed
with the secretary Of the corporation.
Said corporation commenced on the
18th day of November, 1918, and shall
Aterminate on November II, 1888. It's af- |
kIairs are to be managed and conducted |
g5y board Of three directors, who shall
4 be elected at the annual meeting Of the
stockholders to be held on the second
Tuesday in January in each year by !
majority vote Of the stock present and ,
represented at such meeting, and shall
hold office for the term Of one year, and |
Until their successors are elected.
\ The officers shall consist of a presi-
dent, vice president, secretary and
TREASURER who shall be elected by the
~ u Of directors from among their
own amber, within five days after the
election of directors in each year, and
the same person may be elected to hold
any two Of the offices. Until the an
snual meeting to be held in January,
|1914 Frank W. Racine shall be president,
Id. G. Brockman vice president, Chas.
r.. Graham secretary and F. w. Racine
Treasurer. and the same persons shall
iconstitu:c the board of directors.
The hiGhAGt mount of Indebtedness