Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-06-29
Notice of lncornoration.

OF the state Of Iowa: that its name IN
Graham Stores Company" and its prtn'
cipal place Of business is in the city Of
ottumwa. Wapello county, Iowa: that
the general nature of the business to
De transacted is to subscribe for, own.
hoid. buy, sell and deal in the stocks
! and bonds of other corporations, as
may be legally bought, sold and dealt
ln In the state Of Iowa, under its laws;
10 establish, maintain and carry on
stores and buy and sell general nfer-
chandise of all kinds whatsoever to
acquire, hold, sell and deal in real es-
tate; to loan money to other corpora
lions 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 its said lines OF business: to
execute and carry out all contracts and
obilgations adapted to the nature Of its
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 eV1ry-
thing reasonably adapted to and om-
Venient in the transaction Of its gen-
eral lines of business, as are herein
before specified; that the AUTHORISED
shall be S40.oO0.OO of which amount.
$4,000 shall be preferred stock, to be
divided into 1870 shares Of 800 each and
$4,000 shall be common stock. to b0
divided into 310 shares Of $4,000 ealchs
that said preferred stock shall be pre-
terred both in the payment Of dividends
and in the distribution Of the Naasets Of
the company on liquidation and shall
nave preference over the common
stock in the following particularly to-
wit: (a) 1t shall first receive ANIMAL,
cumulative dividends at the rate Of
sSc per annum and any shortage In the
payment Of said dividends at said rate,
shall be made up out OF the earnings In
future years before the holders Of the
common stock receive any dividends
whatever, (b) at the expiration Of the
dissolution, ut any time, or ON the liqui-
dation 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 insult
fcient 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 be issued only after payment tn
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 10 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 entit1e 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 voe-
ing power: that it shall exist as alcor-
poration for period Of 20 years. from
May 1, A. D. 1917, unless sooner dis
solved by an affirmative vote of not
less than three fourths Of the issued
and outstanding common capitA stock,
it Is 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 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 a 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. 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 shall be-
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, at
year; that they shall hold office for ono
year or until their successors are elect
ed and qualified and upon failure to
hold an annual meeting or elect d.
rectors. then such election may be had
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
\ 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. b,
| Graham n A. Graham and F. G.
Strohauer. and until the election by the
board of directors to be chosen on the
third Wednesday ot January, 1915. its
officers shall be, c. l.. Graham. presi-
dent: Q. f. Schmitt. vice president, and
! +. G. Strohauer. secretary and treasur-
err: that the highest amount of indebt-
etiness 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;
that the private property of the stock
iholders and members of the corpora
ton is and shall be exempt from cor
iporate debts of this corporation.
Signed at Ottumwa, Iowa, this 6th
jday of June. 1917.
Graham Stores Company. by G. L