Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-20
NOTICE OF INCORPORATION OF
LEVIN DRY GOODS COMPANY.

Notice Is hereby given that the I'M
dersigned have incorporated them
selves under the laws Of the state OF
Iowa with a charter issued under the
laws OF said state:
The name OF said corporation is
Levin Dry Goods Company" and its
principal place of business is Marshall-
town, Iowa.
The general nature Of the business
to be transacted by this corporation
is to manufacture, buy, sell and deal in
at wholesale and retail, dry goods,
clothing, wearing apparel and textile
fabrics of every kind, hats, caps, mil
linery, boots, shoes, furnishing goods.
fancy goods, and all articles and mer-
chandise Of like general character and
description, and TO conduct the busi-
ness Of general dry goods and clothing
merchants. tailors, diapers, haberdash-
ers, milliners, dressmakers and general
outfitters. This corporation shall have
authority to conduct such other busi-
ness in connection with the above as
the board Of directors may from time
to time determine.
The amount Of capital stock auth
orized Is one hundred Thousand ($l00.
900 ,OO) dollars, divided into shares o!
ten ($10.0O) each.
Said capital stock shalt be divided
into two (2) classes-common CAPT.
tai stock and preferred capital stock,
and there shall be five thousand (5,0O0)
shares of preferred capital stock, fifty
thousand $3.50 OOO.OO) dollars. and five
thousand $4,000 shares of common
capital stock fifty thousand $780,
100000 dollars.
Common Stock: The common capital
stock has q voting power OF one "a
vote for each share-but as to divi-
dends and rights in the property OF
the corporation, the common stock is
at all times subject to the rights of the
holders OF preferred stock, as herein
after stated.
Preferred Stock: The holders OF
preferred stock shall be entitled to
cumulative dividends thereon at the
rate Of, but not to exceed, seven (78o)
per cent, for each and every fiscal year
of the company, payable out Of any
and all surplus or net profits annually
when declared by the board of direc-
tors. In the event Of dissolution or
liquidation OF the corporation, the
holders Of the preferred stock shall be
entitled to receive the par value OF
their preferred shares out Of the assets
Of the corporation before anything
shall be paid thereon to the holders
Of the common stock. The holders OF
preferred stock shall not be entitled to
any voting powers in the corporation
The preferred stock shall be subject
to redemption at the option Of the COR
poration at any time before the LIST
day OF March, 1916, at the price of ten
$500 dollars for each share, and the
amount Of dividends cumulated and
unpaid thereon at the date Of redemp-
ton. All stock, common and pre-
ferred, shall be fully paid for in cash
before issued.
This corporation may commence
business after q certificate of incor-
poration has been issued by the secre-
tary OF state, and when twenty thou
sand CSC, OO0.00) dollars Of stock has
been issued and fully paid as provided
by law, and shall continue for twenty
(20) years.
The affairs Of this corporation shall
be conducted by hoard Of not less
than three (3) nor more than five 90
directors elected by the common
stockholders), who shall elect q presi-
dent, vice president, secretary and
treasurer, and such other officers, in
Guiding an executive committee. as
they may see At or as may be provided
for by the bylaws of this corpora
ton.
The annual election shall be held on
the second Monday in January Of each
year. Until the election On January.
1916, the following persons shall be d.
rectoFs: J. Levin, NJ. H. Levin, William
Fenner; and the following persons
shall be It's officers: President, ].
Levin: vice president, William Fenner;
secretary. NJ. II. Levin; treasurer, ].
Levin. o.
The highest amount Of Indebtedness
TO which this corporation at any time
may subject itself is two-thirds Of its
paid up and outstanding capital stock.
The private property Of the corpo-
ration shall be exempt from corporate
debts. IS.
Marshalltown. Iowa, March 20. 1915.
LEVIN DRY GOODS COMPANY.
]. LEVIN,
NJ. TT. LEVIN,
\ sss sssg WILLIAM FENNER. s
e. n. =. BOARDMAN,
49, Attorney.
= - -, 8 ,up,ts sv1rv = = -, ---