Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-06-01
NOTICE
OF incorporation of tho Watkins,
Sons a Company.
NOTICE

selves together under and by virture
OF the provisions of chapter one.
title nine Of the code of Iowa and
acts aamendatory thereto and have
adopted the following articles Of in
corporation:
Article l. The name of this corpo-
ration shall be Watkins, Sons &
Company.
Article 2. The principal place of
business OF this corporation shall be
at the city Of Marshalltown. in the
county Of Marshall and state of Iowa.
Article 8. The general nature OF
the business to be transacted by this
corporation shall be to engage in the
conduct Of manufacturing hardware
specialties, novelties, tools. imple-
ments. machinery and other articles
OF commerce: to build, contract,
lease and operate manufacturing
plants, foundries. machine shops
and to maintain warehouses and
facilities for transportation; to &C
quire. own, lease, procure and hold
letters patent. covering any useful
art or arts, or mechanical con-
trivance Whatsoever, and to receive
and pay royalties upon such letters
patent, to assign. transfer and con-
vey any interest, title or ownership
therein; to purchase and sell. lease,
improve, and operate real estate and
real estate holdings; to borrow and
lend money and other property: to
guarantee the performance Of con-
tracts and other obligations; to act
NJ agents in the management, con-
troll, sale and purchase Of property,
provided however, that nothing here
in cs.iatained shall confer upon this
corporation the power to engage In
the business OF operating q bank,
building and loan association, or In
surance company: to do a general
manufacturing, product producing.
transporti1is, marketing and trading
BUSINESS, not limited to products
herein referred to. but Including any
product or by-product. manufao-
tured or otherwise; to acquire good
will, property. rights. franchises,
contracts and assets Of every kind;
to enter into. make. perform and
carry out contracts Of every kind
and nature with any person. firm.
association, corporation. government.
state or municipality: to draw.
mako accept. endorse, execute and
issue preInassory notes. bills Of ex-
change, bonds, and other Negotiable
and transferable Instruments; to
purchase, hold and reissue shares OF
its capital stock.
The foregoing clauses shall be con-
strued both az objects and powers. but
no restriction or declaration OF
specific or special objects or powers
herein enumerated shall be deemed
to ba exclusive, but 1t is expressly
privileges not Inconsistent Herewith.
now or hereafter permitted or grant
ed under the laws Of the state Of
IOWA or by the laws Of any other
state or country. into which this
corporation may seek to transact
business, arc hereby expressly in
cluded a. II such other or general
powers were herein set forth at
Article 1. rnis corporation shall
have all Of the powers necessary for,
or, incidental to. the convenient
transaction Of business for which It
has been organized, including the
power to own, lease, buy, exchange
i and sell real estate. and among its
/ further powers. shall be the follow
ing:
I !. 70 have perpetual succession.
2. To sue and be sued in its
1 corporate capacity.
s. To have common seal which
st may alter at pleasure.
4 A ~. ~. ~. - A.
stockholders transferable.
s. To exempt the private property
Of it's members from liability for
corporate debts.
6. ToS make contracts. acquire and
transfer property. possessing the
same powers in such respects as
natural persons.
Z. 10 adopt bylaws for its own
government. and make all rules and
regulations necessary for the proper
management Of it, affairs.
Article 8. The authorized capital
stock Of this corporation shall be
nifty thousand Csc, 00o.00) dollars,
divided into two thousand (2,0oo)
shares. each Of the par value Of
twenty-five ($25.O0o dollars, which
shall be fully paid up In cash, prop
erty, patents. services, or other
equivalent, approved and allowed by
the executive council Of the state of
Iowa, and DO worcestershire. me
amount Of capital stock with which
It will oSmmspce business shall be
i've thousand ($5, o0oO0) dollars. and
the remainder of its stock will be
issued and paid in from time to
time, as its board Of directors may
direct. All stock Will ha sold for
cash or exchanged or paid for in
property, patents or other thing Of
value. approved by the executive
counoileof thu state Of Iowa, under
the provision Of section 1641 of the
code supplement. as amended by
acts Of the s4th general assembly,
chapter So. and acts amendatory
thereto.
Article {. This corporation shall
commence business on the 18th day
Of January. A. D.. 1920. and shall
continue for the period Of twenty
COY years thereafter, with the right
OF renewal. as provided by law, un-
less dissolved by vote OF not less
than two-thirds (2-s) Of the stock
then outstanding.
Article Z. The affairs of this
corporation shall be conducted by q
board Of not less than three 60 nor
moro than Ave (6) directors, to be
elected annually BY the stockholders
at their regular. annual meeting, or
at q special meeting called for such
purpose: and the board Of directors
may. at any time, select from their
own number, an executive board or
committee. consisting Of three (3)
members. which shall have full