Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-06-22
Notice o. INCORPORATION.

oIioIi has Deen formed unueT lHe law
Of the state of Iowa: that its name is
Graham Stores Company" and its prln
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,
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
nave 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
obligations adapted to the nature of its
business and convenient for carrying 1t
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 and
shall be 100000 of which amount,
$4,000 shall be preferred stock, to be
divided into 1870 shares of 500 each and
$4,000 shall be common stock, to be
divided into 2l0 shares of $4,000 each;
that said preferred stock shall be pre-
terred 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 up out Of the earnings In
future years before the holders Of the
common stock receive any dividends
whatever, CD 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
be paid the full par value Of their
stock. or in case the assets are insult
acient therefor. it's 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 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 If 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 1t shall exist as cor
poration for period Of 20 years from
May l.. A. D. 1917, unless sooner dis
solved by an affirmative vote of not
less than three fourths Of the issued
and outsta ding common capital 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 it's organization shall
be transacted until and unless stock
to $10,000.0O has been sub
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, but in case there shall be no an
nual meeting held. or upon failure or
HNn I'D ~
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 in
the company, from the stockholders OF
the company, from their number, at
their regular annual meeting OF each
year: that they shall hold office for one
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
holders Of this company to be called
FOR that purpose: that the annual
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
IF the annual stockholders meeting In
each year: that until the annual meet
ng of the stockholders OF this COM
1any. on the third Wednesday Of jan
nary, 1918. the board of directors of
his company shall be the following
"a rites. to-wit: c. L. Graham. w. b. |
Graham. II. A. Graham and F. G.
strohauer. and until the election by the
BOARD of directors to be chosen on the
bird Wednesday Of January. 1918, its
officers shall be, C. L. Graham, presi-
lent: o. f. Schmitt. vice president. and
:. G. Strohauer secretary and treasur-
ar: that the highest amount of indebt-
,dness or liability to which the corpor-
,tion is at any one time to be subject, !
;hall not exceed two thirds OF its issued |
md outstanding stock. at the time; =