Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-06-08
Notics Of Cooperation.

Notice Of Corporation.
Notice is hereby given that a corpor-
alton has been formed under the laws
of the state OF Iowa: that its name Is
Graham Stores Company" and Its prln.
cipal place Of business IL 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, as
| may be legally bought. sold and dealt
in. in the state Of Iowa, under its laws:
to establish, maintain and carry on
stores and buy and sell general mer-
chandise Of all kinds whatsoever: to
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 to
have same secured by mortgages or
deeds Of trust or contracts or not Sc
cured at ALL to acquire. establish, hold.
sell or mortgage grounds and buildings
necessary or convenient for the con-
Quoting of It's said lines Of business: 70
execute and carry out all contracts ana
obligations adapted to the nature OF It's
business and convenient for Carrying II
on: to execute notes. bonds mortgages,
orders, drafts. script and all other
writings and instruments necessary or
convenient in the transaction of its
business and to do anything and every
thing reasonably adapted to and con-
venient in the transaction Of its gen
eral lines Of business, as are herein
before specified: that the authorized
capital stock OF the corporation is ana
shall be 100000 OF which amount.
$4,000 shall be preferred stock, to be
divided into 100 shares of 800 each and
$4,000 shall be common stock. to be
divided into 210 shares Of $4,000 each;
that said preferred stock shall be pre-
ferred both In the payment Of dividends
and in the distribution Of the assets OF
the company on liquidation and shall
have preference over the common
stock in the following particulars. to-
wit (a) it shall first receive annual.
cumulative. dividends at the rate OF
So per annum and any shortage in the
payment OF said dividends at said rate,
shall be made ND out Of the earnings In
future years before the holders Of the
common stock receive any dividends
whatever, % at the expiration OF the
corporate life Of the company. or on Its
dissolution, at any time. or on the liqui-
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 shall
be paid the full par value Of their
stock. or in case the assets are insuf-
ficient therefor. its net assets shall be
divided pro rata among the holders OF
the preferred stock before the holders
of the common stock receive any thing:
that certificates for shares OF stock
shall he issued only after payment In
full by the stockholders either in cash
or it's equivalent In personal or real
property. at the price to be agreed upon
T. ot~ - III
pora ton. but II the capital stock is to
be paid for in property or in any other
thing than the money. before issuing
said capital stock. authority shall be
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 a cor
poration for period Of 20 years from
May |. A. D. 1911. unless sooner dis
solved by an affirmative vote OF not
less than three fourths Of the issued
and outstanding common capital stock.
It Is authorized to commence business
whom 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 shall
be transacted Until and unless stock
amounting to 100000 has been sub
scribed and paid for as the board Of
directors determine; that the officers
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
fed. hut 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 shall be
a board of four directors to be chosen
by the holders Of the common stock ir
the company, from the stockholders o.
the company. from their number. a.
their regular annual meeting OF eacf
year; that they shall hold office for one
year or until their successors are elect
ed and qualified and upon failure L
hold an annual meeting or elect oil.
rectors, then such election may be had
at stockholders meeting Of the stock
holders Of this company to be called
for that purpose: that the annu"
stockholders meeting shall be held o.
the third Wednesday of January o
each year at the general office of IT,
company in Ottumwa. Iowa. and tn
annual meeting Of the board Of direc
tors shall be held at the same piac'
and Immediately after the adjournment
Of the annual stockholders meeting In
each year: that until the annual meet
ing Of the stockholders OF this COM
pany. 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.
Graham H. A. Graham and r.
Strohauer and until the election by the
board OF directors to be chosen on the
third Wednesday Of January. 1918 its
officers shall he, c. L. Graham. presi-
dent: Q. F. Schmitt. vice president. and
F. G. Strohauer. secretary and treasur-
err: that the highest amount ofhndebt-
, edness or liability to which the corpor-
alton is at any one time to be subject