Nebraska advertiser., 1857-06-04
ARTICLES OF INCORPORATION
s. - 8

ALG4AA4AQ VI NNAO4H1 N4A-LLA0@
-tec4 % THE
SETTLEMENT
@ a COMPANY.
Arr l. Kn0E al men b. these presents, THAT We,
J. s. Wood, Joseph Steel, IT., r v. Mair, G. W
Sldaanss, T. hrDFns7on9@ T. EsE1s' DeTeIs =
OImstead Bartlett, james j.. GGdnZz, Robert
W FUrn2S, and 5. B CoElss, or heirs and assigns,
do hereby associate 0~1relTes t0geshsra as fneurpuz
tors for the purposes ard Gses expressed n these
articles Of Incorporation, and DO BIZ these presents
constitute and declare ourselves \ Body cooperate
and polite with succession under the name aud
style As given In the following articles, aZrrczBle 10
chapter Third Of an Act Of the Legislature q We
braSka Territory, entitled A1n Actf0r revising. cor
sOE1ating,an6 preparing ; general Ccds for the FER
ritCry Of Aeh-1skz," approved Jar 18th, 1.D- SO!
AR. . This Association shall be known By the
name Ct the Ss5raskg Ssalmezf Company. The
number Of shares Of capitol stock shall not b less
than twenty nor mere than Eve hundred Of Evehun-
dred dIlaTs ersh; bat the price 0f these Sha-z may
be raised 1t aHv Rgular meeting Of the Board er
Directors, byavOte Of tWO-Airds present and voting
Ar. 3. Every member Of this ass0ciarica shall
Pay NJ tho time Of his or her subserTbing 10 the Ton
s~tisUti0a, the sum Of twenty dollars Der share 50
subscribed BY them, for the use Of the company the
balanee Ct said share % be paid iusueh usuner ana
AZ suck tines as directed and required b. the B0a-d
Of Directors. N ease any member Of this kssoeia-
ton, after being duly notified, fail to pay the said
share OF shares orany part the-coE whcn called for /.
By said Beard Of Di-ectgrs, ard aIs# tie Eans 10
remain UNPAID for he space Of thrive zvst s Boara
shall thexeupon be q tAeFired and empowered, At
their discretion 10 declare the sid stock q szch
members forfeited 70 the use Of the company, and
may thereUpuu proceed to nzke sUeh disposition
thereof as they may daem mset and pr5per-
AIR. f. The officers Of this Association shall le
= President, 4 Vice PrSideuEa General Superiute1-
dent, = Treasurer, : Secretary and Seven Directors,
al Of whom shall be eh0sen annually By baL0t and
they shah have fun power TO make. alte- O change
their own by-I=Hs- 81 .s5EEE5
Art. ). II shalI be the duty Of the General Su-
perintsndens 70 receive srbsEiHsians for capital
stock, sell shares reareseutEgety lots, and toattsnd
to the e9rrs<3endeace andthe active bUsnessw the
company Al mOnies received By him shah be paid
monthly 70 the Trsazurer- He shall give bonds
satisfactory to the Board for the security Of monies
which be IN his hands, ard he shall receive for
his serTicessueh sim as a-aH be liked upoa By the
Beard.
Arr 6. L shall be thsdzty Ct the Secretary to
keep exaet Minutes Of TIE PROCEEDINGS Of the Rrssi-
dealt and Beard q Directors and msetfuEs Of the
Stockholders, and to attend to the eOIeeticn of al
dues Of the company, and pay ever the same to the
Treasurer when collected, and take his receipt fer
the same, and do and perform such other duties rs
may be incumbent on hia BY virtue Of his CEcs, or
Is directed BY the bylaws OF board OF directors. lie
shall have MS books open to the IHtDectIOu Of All the
members Of the company, and shall receive for his
services such sum as shall be fixed By the President
and Board Of Managers. He shall give 4 bond with
at least two s~Ureties, 70 be approved By the President
and Beard Of Managers, for the faithful performances
Of bis duties.
AR 2. Ii shall Re the duty Of the Treasurer to
receive from the Secretary and General Superinten-
dent all monies collected By them, and give sreceipt
for the same; to Fay al orders drawn BY the Prei-
dent AMI Board Of Managers ard a.tezted By the
Secretary. He shall keep correct ACCOUNTS Of al
moniss received and paid out BY him and have his
books present and open at every meesing OF the Board
and Of the Stockholders, for tie inspection Of any
member Of the Association, and exhibit = balance
sheet at every regular meeting q the Beard. He
shall gives bond with atleast TWO suretiss, 70 be az
proved by the President and Beard Of Directors, s-
the faithful performances Of his duties.
ART. 8. The members Of this cOmpany snail be
all such persons Of good moral character, as shasI
viii the consent Of the General Superintendent
subscribe 20 the constitution, CUn che CT more shares
Of stock. or shall have received donations from the
Company and they d0mUsgslIy agree 70 protect each
other IN the maiuscuaReef taeir IGEfufnEhtz. and
70 act Together n tie Fsnols1 Of th-ir mutual
Interests
AR. g.. Any uemberof hfscoupzuy may trans-
fer q share OF shares Of stock to another person. or
before any transfer shall be made On TIE books Of
the Association, the person or persons 20 whom thC
transfer IS made shall sign the constitution, and they
shall then be subject 70 Al the liabilities, and en-
titled TO an the priFIeyes Of the original members
~AEr- 10. The annual meeting Of this Association
shall be held On the srst Tuesday N February il
each ye1r, at suck place o. places as the President
and Beard Of Managers may designate, til One-thirt
OF the stock taken shall be owned BIZ persons rasid
ing IN the settlement made BY this company in Ne
braSka: after which time, they shall be held et Tabl
r. Rock Nebraska- The OE5eers and managers shaI
hold regular meetings once IN three months, at sueI
places and on such DAYS rs they may appoint Spceia
meetings may bee called By the Presidentan d Secret
Special meetings Of the Stockholders nay be ealIe
upo1 the writer request Of ten members, u0tie
thereof being given By the Secretary At least OF
month before such meeting shall be held.
ART. IL. Every owner Of capital stock shzl
have one vote for every share Of stock held by HI
or her up TO four shares. and one vote fer every ~
additional shares Up to twenty: but 70 meubersbal
any question, end M StOekhOlder shall be Above,
10 vote at any meeting who Is at the time d~eliRIuen
in the payment Of his OF her stock.
ART. y. No member OF officer Of this AssCciatiO-
shall have power 20 bind the company By any con
tract, or to render them liable 70 any extent or 70
any purpose, unless authorized so to do BY lie Board
and the Beard shall in no case render The c1mpau,
liable beyond the amount Of available funds. Tn
Board shall not have power 20 sell 70 any one persoI
70 be held In their OER right at the same tiEs. NOR
than eighty acres Of land lying within eiunits o
three uiles square, the centre Of the city plots oeinl
the centres Of such squares OE e~IEeies,J nor more thai
three hundred and twenty acres ef land Of sai'
company lying outside Of said squares provide,
that any person 50 owning eighty acres WilhiR sal,
circuits nay hold sufficient land Outsades1iG circuit
to make In all 800 acres. TIE company shall 10
sell to any person any land al h Or she shall hav
subscribed to thIscORs,itatiOn.
Ar. L. Every StOekh0ldsr shall Be cREsIcd Z
purchase property Of the Ass0eiat.ca - the eurrer
> price fhCTe0f 70 the amount Of one thousand d.Il1rs
4 and hare . credit Of seven years thereon ~ payin,
q one seventh OF the principal and al the iHterss
L annually provided, he OF she viii Cecupy the sam.
% and has paid for bis or her sock, and OBe share Q
the purchaser stock and the property % purchase,
L shall he held as security for the payment thezeUf.
Arr. Is No msmber Of this company shall b
allowed to sell intoxicating drisks as 4 beverage
within the bound. Of any q the settlements mad
by this company. IN case ar mcu5-- q thizc0m
= Uz1y shall be e0Hvicted Of Sc doing, be OF she sha'
forfeit at his OF her night ana interest IN this eam
D pany, and AZ his or her title 20 lands procured fu1
the company, and this forfeiture shall b. rezaEje,
as real and stipulated damages to the company T.
such an ofcnce, and the property 80 forfeited shal
beaFTrUTriated By the Beard 70 the benefit q school
in the t0En OF ward where the Ofeaee vas eum
mIsreG-