Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-06
NOTICE OF INCORPORATION OF
LEVIN DRY GOODS COMPANY

Notice is hereby given that the un-
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 IL 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, mats. 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. drapers. haberdash-
ers, nilliners. 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 IL one hundred thousand ($100.-
900 .OO) dollars, divided into shares Of
ten (sl0.0O) each.
Said capital stock shall be divided
into two 90 classes-common capi-
tai stock and preferred capital stock.
and there shall be i've thousand (5.000)
shares Of preferred capital stock, nifty
thousand ($50,000.00) dollars. and Ave
thousand $4,000 shares of common
capital stock fifty thousand (35O..
o00.00) dollars.
q 4, n
stock has a voting power Of one %
vote for each share-but as to divi-
dends and rights in the property OF
the corporation, the common stock 10
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 (7T)
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 dtrec-
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 corr
poration at any. time before the lsI
day OF March, 1916, at the price OF ten
$4,000 dollars for each share. and tho
amount Of dividends cumulated ana
unpaid thereon at the date of redemp-A
ton. All stock, common and pre-
ferred, shall be fully paid for in casn
before issued.
This corporation may commonce
business after certificate Of incor- ]
poration has BEEN issued by the secre-
tary Of state, and when twenty thou
sand ($2o, 200. 00) dollars Of stock has
been issued and fully paid - provided
by law, and shall continue for twenty
COY years. +.
The affairs Of this corporation shall
be conducted by board of pot less
than three ~ nor more than fve (5)
directors elected by the common
stockholders), who shall elect -presi-
dent, vice president. secretary ana
treasurer, and such other officers, IN
CluOln8 an 0AcCutISo SOAntAAIsSSs
they may SEE At or as may be provided
for by the bylaws Of this corpora
ton. 5 s. -,
The annual election shall be held on
the second Monday in January OF each
year. Until the election on January
1915, the following persons shall be die
rectors: J. Levin, NJ. n. Levin, WILLIAMS
Fenner; and the following persona
shall be, it, officers: President, -
Levin; vice president. William Fenner;
secretary. n. II. Levin: treasurer. >.
Levin.
The highest amount Of indebtsdnesl
to which this corporation at any time
may subject itself y two-thirds Of it,
paid up and outstanding capital stock
The private property Of the corpo-
ration shall be exempt from corporate
debts. g - - s a.
Marshalitown. Iowa, March 20. 1915
Z LEVIN DRY GOODS COMPANY.
-. ! : y y { IS :. ]. LEVIN,
~ s. MsH. LEVIN,
WILLIAM FENNER.s
- C.. Il. o. s eoAnnll AN.
Attorney.