Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1869-02-02

Met at ] Allen Bsrber's office in Ian
caster. and proceeded TO adopt the
following
ARTICLES OF ASSOCIATION OF THE Lam
CASTER WOODEN Mill COMPANY:
ARTICLE Ist.-The Company shall be known
by the name of the. Lancaster Wooden Mill
Company"
ARTICLE I'd The Capital Stock of SAID
Company shall BE- Thirty thousand Do ars,
with the privilege of increasing II by vote OF
majority of the Stockho ders present at any
regular meeting of said Stockho ders. said
Capital Stock shall be divided into Shares OF
One Hundred Dollars each. Said Company
to have power TO organize and commence bus
mess whenever the sum of Thirty Thousand
Dollars shall have been subscribed
ARTICLE 3d.-There shall be five Directors
to manage the corporate property of said Com
pahy; to be annually elected by the Stockhold-
ers OF said Company on the second Monday of
January in each year after the first election.
ARTICLE 4th.-Each share OF One Hundred
Dollars shall entitle the owner or his Of oxy to
cast one vote at all elections of officers and in
all matters that may be submitted to a vote of
the Stockho' ders.
ARTICLE 5th.-The said Company may pur-
chase such real estate and personal property as
nsy be necessary 10 carry on the manufacture
OF woolen cloths and fabrics, at Lancaster,
Grant County, Wisconsin, W here the business
oi said Company shall be carried on, and may
hoii, use, sell and convey the same for the use
ana dement, OF the Company as its Bylaws
shall direct.
Article 6th.-The said Directors NAV
make assessments on the Capital Stock of 5 aid
Company from time to time, as may be deemed
necessary 10 erect and operate WOODEN mill
at Lancaster aforesaid, not exceeding twenty
per cent OH the Capital Stock at any one time.
Article 7th.-The Directors may call in
the subscription of the Capital Stock of said
Company by instruments, in such proportion
and at such times and places as they shall
think proper, by giving such notice thereof
as the Bylaws shall prescribe, and in case
any Stakeholder shall neglect or refuse pay
ment of any such insta llment for the space Of
sixty days after the same shall have become
due and payable and after be shall have been
notified thereof, the stock of such negligent
Stoc kholder shall be sold BY the Directors at
public auction, giving at least thirty days no.
tIce in some newspaper published IN the Coun-
~, where the business of said Company is
transacted, or IN an adjoining Comfy, and
the proceeds of such sale shall be first applied
in payment OF the instalment ca led for, and
the residue shall be refunded to the owner
thereof, and such sac shall entitle the pur-
chase 10 all rights of Stakeholder to the
extent OF the shares so bought.
ARTICLE Sth.-The Stock IN said COMPANY
shall be transferable only Oh the books Of said
Company.
ARTICLE 9th.-The Directors of said Com
pany sha have power 10 make, alter aad
amend all necessary Bylaws, Rules and Reg
uatIons for the manag lnent, contro! and dis
position of the property and business of the
same
ARTICLE i0'h.-The Directors, as soon as
may be after the organization OF said Company,
snail meet and choose ore OF heir number for
President and may also elect Treasurer and
Secretary; majority OF sand Board 10 cons
titute a quorum Tor the trans action of business.
They shat also have power TO I'll any vacan-
cies which may happen in their board by death,
resignation or Otherwise for the current year.
After " hich j. G.. HOLLOWAY, ADD
SON BURR. ID. OLIVER. HENaY Fox
and JACOB NATHAN were elected d.
rectors Of said company Tor the en-
suing year Said Directors thereup-
on chose ADDISON BURR for President,
GEORGE W RYLANp im treasurer.
RICHARD MEYER tor Secretary II said
company.
Attest RlChARD MEYER,
@errafarv