The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-08-21
ARTICLES or INCORPORATION

Upton RAILROAD COMPANY.
To Fhom il may Concern:
VIZ. the suberbsrs, certify that we have associ.
a,ed ourselves together as Corporation, under
the laws Of the State Of Iowa, tn build in said
state Railroad with such branches rs may be
deemed III and proper a. hereafter is particular
ly specified, and FOR the purpose aforesaid DO here
by adopt the following Articles OF Incorporation,
viz: #. a
ARTIcLsl. The undersigned hereby mutually
agree 10 become, and hy these presents do be
come, body corporate for the purpose Of sur.
vcsng locating, constructing. maintaining and
| operating Railroad with such branches as may
hereaft erbe determined upon and adoptedj from
Upton in Cedar County foxa.-hy the most
pr actieable, direct and approved route to the
Chicago, Iowa & Nebraska Railroad, now loca-
ted and being constructed In the county and
State aforesaid, al sueh point ~ may hereafter
he definitely fixed upon or TO the nearest and
most practicable point on some other railread In
aid State. ae#a srs
Art. 2. The name aftbis corporation shall be
The Tiptsn Railroad Company. tie principa
place OF hns,acss shall he at Tipton in c., ar
County.
Art. B. The said corpoation shall be vested
with all the powers Of similar CORPORATIONS of
the State OF Iowa, and subject to oil the liabli.
ties imposed thereon By law aud BY these articles
of Incorporation may sue and be sued BY said
corporate name, have and use common SEAL and
make all necessary rules and iy law for the man
agcmcnt Of its affairs. II may enter into any
contracts. agreements or stipulations, eoanec-'
tons or consolidations with any other Railroad
Company or Companies, consistent with the laws
of the State and the by laws Of the corporation.
ART. [. The capital stock OF the Company shall
| be two hundred thousand dollars divided into
| shares of fifty dollars each, The same, as sub.
scribed shall be called in una paid in such install
ments at such times and on such conditions, as
! the Directors may determine. The capital stock
may he iners ased by vote of the Directors at any
re g,ilar meeting. @A# @
| ART. 5. The affairs Of the Company shall be
conducted by Board Of Directors consisting Of
| twenty three persons who shall he elected by
the stockholders annually, att meeting to be
| hello tor that purpose, on the second Wednesday
lof June Of each year. II for any reason, the
stockholders should fail to elect Directors q; the
time specified, the old Directors shall act until
others shall be Only ELECTED in their stead.
ART, 6. This corporation shall commence on
| the 10th day Of Angus, 1855, and shall terminate
OH the 10th day Of August, zoos, and may be re-
newcd as provided by Law.
ART. I. The private property Of the stsekhold-
ers shall be exempt from liability for the debts
of the corporation.
/ . a. / ctf,ta ~ Ind fines ap
liability Of the corporation shall at no time cx-
coed two-thiras of the amount Of it, capital
stock. s
ART. o. Any vacancy in the Board of Directors
occurring by death, resignation or otherwise.
may be filed by the Directors at any regular
meeting of the Board, or at any special meeting
called for that purpose, due notice Of the object
of tbs meeting being given to the several mem
bers Of the Board.
Thirty days notice Of each annual meeting OF
the stockholders, stating the day and the hour at
which the same shall take place at the office, at
Upton, shall be published ia some newspaper or
newspapers published at Upton, which notice
shall be published Il; ssc newspaper, or ncwspa
pors weekly. until tho last publication day Of the
same prior to such meeting.
The stockholders At their annual meeting for
the election of Directors shall elect Chairman
and secretary. and also three Inspectors or Judg'
cs Of election Said Inspectors or Judges Of elee
tion shall. IL required by any stockholder. be duly
sworn isithfaly and impartially 10 discharge the
duty OF Inspector or Judge Of election. They
shall require tho sic etion TO he BY ballot In per-
son or BY proxy, in due form; they shall certify
tiaeaie shall be recorded In the records Of the
eorporaiion. and shall he evidence of tae cleo
tion u the persons therein declared and certified
to he elected. Stockholders shall be entitled g.
one vote for each share Of stock held b. them re
Pee iyelg.