The Articles of Incorporation
In transcribing the following portion of is document I've found certain words, letters and numbers to be illegible. As I have done throughout this look at the incorporation pages, illegible words are notated with [ ? ] and single letters/numbers with (?).
From page 3:
Before me, the undersigned authority, a Notary Public in and for Brown County, Texas, on this day personally appeared L. S. Sikes, T. M. Young and Forrest Kyle, known to me to be the persons whose names are subscribed below, who, being first duly by me, on oath depose and say each for himself:
That they are the identical parties who executed the charter of Texans, Inc. which is sought to be incorporated under the laws of the State of Texas: that the full amount of the capital stock, with par value, to be issued by said company, namely, One Hundred Thousand Dollars ($100,000.00), has been in good faith subscribed and $65,000.00 thereof, which is more than 50% thereof, has been paid as follows, to-wit: $32,373.00 in cash; $32,627.00 in property of the following description:
1 Electric arc welder 2 [ ? ] mills complete with reduction gear drive 1 Chevrolet Dump Truck 1946 model 2 Spray Booths, with agitator tank 1 Air Compressor 1 Plaster turning wheel for modeling 24 Feet 3 inch galvanized pipe 1 Rack with 4 test size [ ? ] 1 Brass mixing tank 1 250 Gal. Hot Water Tank Design and complete set working prints for tunnel kiln Complete body and glaze formulae for operation of plant Models, Molds, Blocks and cases for lamp bases Models, Molds, Blocks and cases for novelties 3 Decorating kilns 1 Combination oxy-acetylene cutting and welding outfit Plant layout, engineering and design Total |
$ 150.00
2250.00 1600.00 750.00 300.00 225.00 500.00 72.00 50.00 150.00 3500.00 5000.00 7500.00 5000.00 1500.00 80.00 4000.00 32,627.00 |
located at Bangs, Texas, and received from H. H. Gantt, one of the subscribers listed below, which property is of the cash value of $32,627.00, and was received at the price of $32,627.00, and is worth to said company the actual value at which it was received;
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