Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-01-30
Natics Of incorporation.

hl5tfOm company a!id its prlnctQ
place OF business is Ottunwa. Iowa
that tho general nature Of the busine.
to be transacted is to acquire and tai
over ali the rights. title and interest 4
David Eds,roln, Colin Nj. Macxall al
Rogers Fl. Gait in their patent for
molding process and in the letters pa
ent issued to them by the Unite
States through the patent office, nun
Der 1,1SS,051. in the interior departures
of the United States government !:
| Washington, D. c.: to acquire or tai
title to the letters patent for the sal
molding process; to acquire and tax
title to anything and everything cor
nected with or growing out Of the right
OF said Edstrom under said patent an
said letters patent for said moldin
| process or anything and everythin
connected Herewith: to acquire an
take title to any and all Improvement
made on said molding process and t
, the letters patent of the United State
that may be issued therefor: to &C
quire and take title to any and all pa
ents that may be applied for and oh
tanned. for use in connection with sal
.mOlding process or in any way con
nected Herewith: to develop and bull
up any and all kinds Of business, tina
can be secured under said patent: t
sell and give licenses for the use of sal
molding process covered by said letter
patent or by any other patents as here
inbefore specified: to sell territorS
within which said molding process cal
be used under said letters patent o
under any other letters patent that ma.
be hereafter acquired as hereinbefOr,
specified: to sell, give and grant partia
and exclusive rights 70 use, sell or de
velop said molding process under SAID
letters patent: to use said moldin2 pro
f,os s., i Z.
and equip or have built and equipped
proper and suitable machines for tn
use of said moldine process: to built
up, develop and carry on any and al
kinds of business for the use of sait
molding process and to market. sell ant
use the products and output. resulting
from the use of said molding process
to develop and carry on any and al
kinds of business growing out Of OF
connected with said noldng process.
and it's use. and in marketing and sell
ing the products and output from tn.
use thereof: to buy. keep. sell ard owr
all kinds of tools. implements, APP
planes and instruments used in said
process or suitable therefor
to make all kinds of contracts in the
line OF business hereinbefore specified
or such as are reasonably suitable
therefor: to carry out and fulfill the
work reasonably suitable for ant
adapted to the same Ito buy, sell, keep
own and use any and all kinds Of ma
terials. goods or merchandise useful for
or reasonably adapted to such kinds Of
business and to do anything and every
thing convenient in or to and adapted
to or in any way connected with said
line of business; also to do and carry
on all lines of business and everything
n wit
and letters patent that may be here
after acquired for improvements on
said moldin~ process or for any patents
or letters patent. or anything. connect
ed Herewith. in the same way, manner
and to the same extent as are herein
before enumerated in regard to said
patent and letters patent Of David
t,dstrom for said molding process;
also to acquire. establish, hold, sell or
mortgage. grounds and buildings necss
sary or convenient for the colr~.'ctiT
IF it's said line of business; also
lave the power to execute anc c1ra.
nut all contracts and obligations adapt
I'd to the nature of its business and
for carrying it on: also to
execute notes bonds, mortgages, or
iers. drafts. checks and all other writ
ngs and instruments necessary or
in the transaction OF ita
business: that the authorized capita
stock of the corporation was one thou
and ts1,000.00) dollars to be divided
nto shares Of one (Sl.0o) each, to be
,aid for in full by the stakeholder in
ash or its equivalent in personal or
cal property. at the price to be agreed
,pon by the stakeholder and the cor
,oration. but if stock is issued for any
hing but cash. authority shall first be
btainable therefor from the proper
uthority as required by the laws Of the
tate of Iowa: that the corporation
hall exist as a corporation for twenty
20) years from July l, 1915. unless
ooner dissolved by an affirmative vote
f three -fourths " ths) Of the issued
nd outstanding capital stock; that it's
fairs are to be conducted by board
f three directors and by a president.
ice president. secretary and treasurer:
hat said directors and said officers
hall he stockholders of the corpora
ion: that said board of directors shall
e elected annually by the stockhold-
rs at a meeting on the first Wednes-
av of May of each year at the general
ffice of the company in Ottumwa.
owa. and the officers Of the company
hall be elected by the board of direc
,rs at their annual meeting of eacf
ear immediately after the adjourn
lent Of the annual stockholders meet
lg In case, however, said board o.
irectorS or said officers are not elected
( said meeting they may be elected
nbsequent meetings Of the stockhold-
RS and of the board of directors to be
allied for that purpose Said board Of
irectors and said officers shall hol6
,er office for one "a year and until
leir successors are elected and quail
ed. At said stockholders meeting.
,ch stakeholder shall have one vote
" each share of stock held by him.
he highest amount Of Indebtedness or
ability to which the corporation is at
ny one time to be subject shall not
tceed two-thirds (2-3rds) of its issued
nd outstandin"' stock at the time. and
lie private property of the stockhold-
s and members of the corporation is
nd shall be exempt from the corpo;.-
lie debts Of the corporation. Until the
nnual meeting of the stockholders on
lie first Wednesday Of May. 1917. the
BARD of directors shall be David Ed
rom. Charles Hallberg and Captain
,hn c. Fairfax. and the officers shall
: David Edstrom, president: Colin NJ.
ackall vice president and Charles
allberg, secretary and treasurer.
Signed this January IL. 1917
Edstrom Company,