Evening Republican, Volume 21, Number 25, Rensselaer, Jasper County, 31 January 1917 — GIFFORD DRAINAGE CO.INCORPORATES [ARTICLE]

GIFFORD DRAINAGE CO.INCORPORATES

Articles of Incorporation of Gifford > Drainage and Improvement Association Filed. » The Gifford Drainage and Improvement Association has filed their articles of incorporation. This company has beaa formed for the protection 01 tne landowners of the section and not as a moneymaking proposition. The articles are as follows: 1. The corporate name of this association shali be “The Giffprd age and improvement Association.” z. me capital stock snail be $40,--OOu, divided into 1,000 shares of $25 each, 6. The object of this corporation shall be for tne deepening, widening aind repair of a certain ditch in Jasper county, known as the Gifford mtch, ana circuit count ditch No. 77, together with the repair of the later--ax drains, which are rnbutaiy to said mtch and discharge their waters therein. The proposed plan of doing business is to contract for and collect distributions of money from landowners and to sell all parties interested and benefited by tne proposed drain, y 4. The principal place of business shall be at Kensseiaer, Indiana. 5. these articles shall, be in force for a period ol ten years. ft. me seal shall be the Gifford Drainage and Improvement Associa- — ——- 7. There shall be a president, vicepresident, secretary and treasurer, -and live directors, who shall serve without pay. Their terms of office snail be tor one year and they shall be elected by tne stockholders of the wno snail be allowed to cast one vote. 8. The directors for the first year shall be, John Eger, Tnomas M. Gallalian, John Manatt, Harry Gifford and b. C. Irwin. 9. This company is not formed for profit but for the protection of tne landowners affected by this ditch ami paKlic property.