Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-06-15
Motto. of,neorpor.tion.

NOtlCe Is nefeOy given IIldt W.
alton has been formed under the laws
Of the state OF Iowa: that its name IS
era ham Stores Company" and It's prlf.
cipal place Of business is in the CITY OF
Ottumwa, Wapello county. Iowa: that
the general nature of the business 10
be transacted is to subscribe for, own,
hold. buy, sell and deal in the stocks
and bonds Of other corporations, az
may be legally bought, sold and deaN
in, In the state Of Iowa. under It's laws,
to establish, maintain and carry on
stores and buy and sell general mer-
chandise Of all kinds whatsoever: 10
acquire, hold, sell and deal In real es-
tate: to loan money to other corpora
tons and individuals and to have same
evidenced by notes and bonds and 10
have same secured by mortgages or
deeds Of trust or contracts or not Sc
cured at all. to acquire. establtsn, noia'
sell or mortgage grounds and bulldlrss
necessary or convenient for the CON
Quoting Of it's said lines Of business; TO
execute and carry out all contracts ana
obligations adapted to the nature OF lts
business and convenient for carrying IL
on: to execute notes. bonds. mortgages.
orders. drafts, script and all otner
writings and instruments necessary or
convenient In the transaction OF ls
business and to do anything and every
thing reasonably adapted to and con-
venient in the transaction Of its gem
eral lines Of business. as are herein,
before specified that the authorized
capital stock Of the corporation is and
shall be 100000 of which amount.
$4,000 shall be preferred stock, TO De
divided into 1870 shares of 800 eacn ana
81, 900 shall be common stock, to DC
divided into 210 shares Of $4,000 eacn;
that said preferred stock shall ne pre-
!erred both in the payment OF dividends
and in the distribution of the assets OF
the company on liquidation ana a,, s,,ar,
have preference over the common
stock in the following particulars, to-
wit: (a) it shall first receive annual:
cumulative dividends at the rate OF
80 per annum and any shortage IN the
pa yment of said dividends at said rate,
shall be made UP out OF the earningo IN
future years before the holders OF the
common stock receive any DIVIDENDS
whatever, (b) at the expiration OF the
corporate life Of the company or on us
dissolution, at any time, or on the hQui-
dalton Of its affairs at any time. for any
cause whatever. the holders of said
preferred stock shall have preference
In the division Of the assets and shaii
be paid the full par value Of their
stock. or in case the assets are insult
ficient therefor its net assets shall De
divided pro rata among the hoiders Oh
the preferred stock. before the holders
Of the common stock receive any tnins:
that certificates for shares Of stock
shall be issued only after payment IN
full by the stockholders either in cash
or its equivalent in personal or real
property at the price to be agreed upon
between the stockholders and this cor
poration but IL the capital stock IS 10
be paid for in property or In any other
thing than tho money before issuing
said captain stock. authority shall De
received therefor. from the executive
council Of the state of Iowa: that each
share OF common stock will entitle the
holder thereof to one vote at all stock
holders meetings, which he may cast
in person or by written proxy. but the
said preferred stock shall have no vot-
ing power: that It shall exist as cor
poration for period Of 20 years from
May /. A. D. 1917. unless sooner dls.
solved by an affirmative vote or no.
less than three fourths OF the issued
and outstanding common capital stock.
q I. authorized to commence business
when the certificate Is issued by the
secretary Of state Of the state Of Iowa,
but no other business outside of such
as pertains to its organization snail
be transacted until and unless stock
amounting to 100000 has been SUP
scribed and paid for. as the board OF
directors determine; that the onicers
Of this corporation shall be president,
vice president, secretary and treasurer
who shall be elected from the stock
holders Of the company. by the board
of directors at their annual meeting OF
each year and shall hold office until
their successors are elected and quail
fied. but in case there shall be no an.
nual meeting held, or upon failure or
omission to elect officers. the board OF
directors. at any subsequent meeting,
may elect the same: that there shaii oe
a board of four directors to be chosen
by the holders Of the common stock In
the company, from the stockholders OF
the company, from their number, al
their regular annual meeting OF each
year: that they shall hold office for one
wear or until their successors are elect
ed and qualified and upon failure 70
hold an annual meeting or elect oi-
rectors. then such election may be mao
at a stockholders meeting of the stock.
holders Of this company to be called
for that purpose: that the annual
stockholders meeting shall be held on
the third Wednesday Of January OF
each year at the general office of the
company In Ottumwa, Iowa, and the
annual meeting Of the board Of direc-
tors shall be held at the same place
and Immediately after the Adjournment
az the annual stockholders meeting In
each year: that until the annual meet
ing OF the stockholders of this COM
many. on the third Wednesday Of Jan.
uary. 1918, the board Of directors OF
this company shall be the following
parties. to-wit: c. l.. Graham. w. B.
Graham. II. A. Graham and T. q.
Strohauer, and until the election by the
board of directors to be chosen on the
third Wednesday OF January 1918. Its
of,icers shall be. c. L. Graham, presi.
dent; .. E. schmitt vice president, and
r -Strohauer, secretary and treasur-
err. that the highest amount OF indeot-
edness or liability to which the corpor-
alton Is at any one time to be subject:
shall not exceed two thirds Of its issued
and outstanding stock. at the time