Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-07-12
NOTICE OF INCORPORATION


Notice is hereby given that the
undersigned have organized COR
poration for pecuniary profit under
the provisions of Chapter /, Title 8
of the Code of Iowa and amendments
thereto.
The name of this corporation shall
be the ONEOTA OIL AND LEAS-
ING COMPANY, and its principal
place of business shall be in the city
of DEBORAH, county of Winneshiek
and state of Iowa.
The general nature of the business
to be transacted by this corporation
is to buy, sell, acquire, transfer,
assign and develop oil and gas leases,
TO act as brokers or agents in buy
ing, selling, and acquiring oil and
gas leases, to borrow and loan money
on oil and gas leases and royalties,
to buy, sell, and lease real estate
in the state of Iowa, and to do any
and all acts necessary to carry out
the above purposes and powers.
The capital stock of this corpora
ton shall be Ten Thousand Dollars
(S1O,000.00) and shall be divided in
to shares of ten dollars $4,000 each.
No stock shall be issued until the
corporation has received payment in
full thereof at par in cash or in
property, provided, however, that
when stock is to be issued for any
thing other than money it must be
on proper action of the board of
directors and subject to the approval
of the Executive Council of the State
of Iowa.
The existence of this corporation
shall begin on the date the Secretary
of State issues his certificate of
incorporation, and shall terminate at
the expiration of twenty years from
said date, unless sooner dissolved by
a two thirds vote of its stockholders.
The affairs of this corporation shall
be managed by board of three dir
ectors, who shall elect a president, a
vice president, and secretary trea-
surer. The number Of directors may
be increased by the stockholders at
a regular or special meeting called
for that purpose. The board of dir
ectors shall be elected by the stock
holders at the annual meeting to be
/ held on the first Monday in Decem-
Der of each year. Until the first an
nual meeting which will be held on
the first Monday in December, 1922,
the following shall be the directors /:
Oscar Brown, DEBORAH, Iowa; George
+. Fagg, DEBORAH, Iowa; and Par
nell Shea, DEBORAH, Iowa. And until
the first annual meeting the follow
ing shall be the officers of said cor
poratiOn: President, Oscar Brown,
DEBORAH, Iowa; Vice President,
George Z. Fagg, DEBORAH, Iowa; Sec
retary-Treasurer, Parnell Shea, De-
corah, Iowa. All officers shall hold
office for the term of one year or
until their successors are elected and
qualify. The board of directors shall
have authority to fill all vacancies
occurring in its membership between
the annual meetings, by the appoint
ment of qualified person to hold
office for the remainder of the term.
Every director shall be a stockhold-
er and if any director shall sell or
transfer his stock in the corporation
he shall at once cease to be a direc-
tor. At all meetings of the stock
holders each stakeholder shall be en-
titled to one vote for each share of
stock fefd Dy him, which W.T. - ~ :
De cast IN person or by proxy duly
authorized in writing.
The highest amount of indebted
ness to which this corporation shall
at any time subject itself shall be
an amount not in excess of one-half
OIL Its capital stock then issued and
outstanding. >'
The private property of the stock
holders OF this corporation shall be
exempt from corporate debts.
dated this 18th day of July, 1922.
OSCAR BROWN,
GEORGE Z. FAGG,
zo-4w PARNELL SHEA.
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