The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-08-14

DA0SA - AA0 OA~O -
ARrlCLEe or INCORPORATION
or rHn
Triton RAILROAD COMPANY.
n Whom Il mSy Co~cr1:
w the srb4ribers, ssrtify That - hsys ansOci |
sseA osrselves together y CospsrsAtsA sadsr
she laws Il Tho 6tass d IowA . bald i ssid
State Railroad (vitk zach bEanchsa = nay .
dsemed a "a psopsrA = herasfter e particular
u specified. ana for he purpose aforesaid Do here
~ adopt - tolleuing AFsieisspf Incorporation
us sssss Il. 49,
- Asrlcis I. The undersigned hereby mutually
agree Ia become. and W sthess presents dobe
come asb4dy corporate for The purpose Of sur
veeyink, locating constructing, maintaining and
operating Railroad with such branches - may
hereafter be determined upon and adoptsd) from
linton in Cedar County Iows-hy The most
pi acticable, direct and approved route 70 the
Chicago, lows Nebraska Railroad, nov loca-
Ted aud being coHstructed In the county and
State aforesaid, at such point - may hereafter
be definitely nxed upon or to the nearest and
! most practicable point on some other railroad in
| said State.
Art .. The name Of this corporation shall be
The Upton Railroad Company. Its principal
! place Of business shall be at Upton in Cedar
County.
Art s. The said corpoation shall be vested
with all the powers Of similar corporations OF
the State Of Iowa. and subject to all the liabiii-
ties imposed thereon by Law, and by these articles
Of incorporation may sue and be sued by said
| corporate name, have and nss common seal. and
| make all necessary rules and by law for the man
| arenent Of its affairs. IL may enter int. any
contrac.s. agreements or stipulations, ccnnccs
| tons or cancellations with any other Railroad
| Company or Companies consistent with the laws
OF the State and the bylaws Of the corporation.
Aas. T. The capital stock Of the Company shall
be two hundred thousand dollars divided into
shares of fifty dollars each. The same, - sub
scribed, shall be called in and paid In such install.
ments, at such times and on such conditions, as
the Directors may determine. The capital stock
may be increased by vote Of the Directors at any
regular meeting. Il.
ART. s. The affairs of the Company shall be
conducted by Board of Directors consisting OF
twenty three persons, who shall be elected by
the stockholders annually, at meeting to be
held for that purpose, on the second Wednesday
OF June OF each year. IT. for any reason, the
stockholders should fail to elect Directors ut the
time specified, the old Directors shall act until
others shall be duly elected in their stead.
Anr 8. This corporation shall commence on
the 10th day OF August 1858, and shall terminate
OH the 10th day Of August 1908. and may be re
uewea as provided by law.
Arr. I. The private property Of the stsckhold
ers shall be exempt from liability for the debts
Of the corporation.
ART. s. The greatest amount Of Indebtedness OF
liability of the corporation shall at no time cx
coed two-thirds Of the amount Of its capita
stock.
ART. 0. Any vacancy in the Board of Director
, occurring by death, resignation or otherwise
may be filled by the Directors At any regular
6 meeting of the Board, or at any special meeting
called for that purpose, due notice of the objcc
of the meeting being given to the several nscIn
bers of the Board.
Thirty days notice Of each annual meeting Q
: the stockholders, stating the day and the hour q
: which the same shall take place at the Office, a
b. newspapers published at Upton, which motto
shall be published in such newspaper, or newspa
pcrs weekly, until the last publication day Of tn
! same prior to snch meeting
!, The stockholders, at their annual meeting 10
the election OF Directors, shall elect Chsirma
and Secretary. and also three Inspectors or judo
es Of election. Said Inspectors or Judges OF ee'
. ton SHALL II required by any stockholder. be dul
swsrn faithfully aud impartialy to discharge III
c duty of Inspector or Judge Of election. The
shall require tic election to be by ballot in pc
q son or by proxy. in due form; they shall eertii
: the names Of the persona elected, and such ce
= tilieate shall be recorded in the records of I'll
v corporation, aud shall he evidence Of the ele
l. ton CT the persons therein declared and oertiie
10 to be elected. Stockholders shall be entitled
" one vote for each share Of stock held by item r
2 pectiyely. - za# s.t as
it aRr. 10. Thirty days notice Of the time ar
d place for the payment Of any instalment or ca
\. upon the stock subscribed, shall be published
Q, some newspaper or newspapers in said Ced
q, County. and the Directors shall cause a like n
tiee To be deposited in the post Office, at its pri
eipal place of bu.ness, post paid, addressed
known, or else to be given to him personal
In thirty DAYS before said time OF payment. IL al
n stockholder shall neglect to pay such call I
thirty days after the same Ii payable, the directo
o. shall cause notice Of sixty days 10 be given
r. such stockholder personally or by depositng I
same in the post office, as aforesaid, addressed
u such stakeholder setting forth that such call
nc been made and that payment Is demanded for,
10 with; and IL said stakeholder shall neglect TO p
= the same within said sixty days the drecte
ae may in their discretion, forfeit said stock and
previous payments thereon, to the use Of the 9,
4, | poration, or may sell the same at public aucti
= Mt Upton or may sell tile same " the Board
ne Brokers In New YORK, and may sue for and re,
th yer any deficiency which may remain on SD
. sale, after deaucting the expense thereof, up
% the subscription OF such stockholder.
u Arr. ii. The said corporation shall have Pc
he err TO take and hold real estate by gift, grant
purchase, or In payment o. stock OF said corr
" rarion, and may sell and convey in fee simple
X lands which shall not be fond necessary or c,
ha yenient for the purposes of tile Company.
- Anr Ia. The shares OF stock in said corpo
e ton are hereby made and declared TO be perso
al prepert, and shall be transferable BY ASST nm,
:, on the books OF the corporation, by any sto,
" holder or his authorized attorney, aud no Trans
re- or assignment shall have validity ~ against
m company, until the same is regularly entered
, =. the hooks Of the company.
i@ AIR. Is. Certificates of stock, signed by
IN President, and countersigned by the Secreta
.lr shah be issued 10 the stockholders, which AL
be transferable on the books OF the Company,
~ the holder, or his authorized attorney, and III
he the surrender of the old eertifcatcsa new ce1
n cate may be issued therefor. But no transfei
~ stock shall relieve the subscriber for tho "a
TIL from his liability TO pay all such sums AZ may
me main unealled or unpaid thereon.
IA Arr IL Tire Directors OF said Company
vested with full power to appoint the Secret
tie, and Treasurer and all other subordinate oiiic
sbt agents and servants, to carr, Out the object
q ! this corporation and ne the business may regli