Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-06-08

Association will hold its second semi-an-
nual session at Wallingford on Friday
and Saturday, June 23d and Oath.
Wells, according to the census has
1910 cattle.
--Ansel Goodspeed was town clerk in
Wells, from 1899 to 1s45, 46 years.
The epidemic of 1912 and 1918, was 80
extensive in West Haven, as to nearly de-
populate the town of its leading citizens,
many Of whom fell its victim.
Articles of Association of the Rut.
land Car and Manufacturing
Company.
SECTION 1. We, the undersigned, H.
Henry Baxter, John W. Cramton, John
Cain, w. Y. W. Ripley, A. O. Bates, John
N. Baxter, A. F. Davis, John Strong, Sam
uel Hayward, Luther Daniels, J. B. Rey
| nolds, Lorin Atwood, N. l.. Davis, III. 81.
Paine. Thomas Ross, J. B. Harris and all
others who shall subscribe for stock in the
| association, by these articles of agreement,
| hereby associate ourselves together under
the provisions of an act of the Legisla-
ture of the state of Vermont, approved
November Odd, 1870, entitled can Act
Relating to Private Corporations by Vol
untary Association" under the name OF
| the "Rutland Car and Manufacturing
Company" for the purpose of manufac-
| turing railroad cars, or any other articles
composed wholly or in part of wood or
metal, and selling the same, as this asso-
citation may deem it for their interest to
manufacture, and for the transaction OF
all business that may be incident to and
connected Herewith, and may purchase.
hold and convey such personal and real
estate as the business of this association
may require.
SEC. 2. This association and the bust,
land in the county of Rutland and state
of Vermont.
SEC. 3. The capital stock of this asso-
citation shall be one hundred and fifty
thousand dollars, and shall be divided in
to shares of fifty dollars each.
SEC. f. This association shall not con-
tract any debts until one-half the capital
stock shall be paid in, and no part of said
capital stock shall be withdrawn or d.
verted from the proper business of this
association.
SEC 5. This association shall not at
any time contract debts exceeding in
amount two-thirds of the capital stock &C.
tually paid in, and any director of this
association asserting to the creation of
such indebtedness shall be liable PERSONAL
ly for such excess.
SEC. 6. The first meeting of this as
ISOLATION shall be held at such time and
place as John n. Baxter and J. w. Cram
ton shall direct, the said Baxter and
Cramton giving personal notice to each
of the stockholders at least ten days be-
fore the time appointed for such meeting
shall be called and holden at Rutland
aforesaid.
SEC. Z. The stock. property aud bust
ness of this association shall be managed
by seven directors, who shall be stockhold-
ers, and shall be annually chosen by the
stockholders, and shall hold their offices
one year, and until others are chosen in
their place.
SEC. 8. The directors of this a. socia-
tion shall elect one of their number Presi-
dent, and the said directors shall appoint
some suitable person clerk, which said
clerk shall be a resident of this state, and
the said directors shall also appoint
treasurer.
SEC. 8. The directors shall have power
to fill any vacancy that may happen in
their board by death, resignation or other
wise for the current year.
SEC. 10. A majority of the directors
shall constitute quorum for the trsnsac-
ton of any business; and a majority of
the stockholders present at any legal
meeting, shall have power to transact the
business of such meeting; and each shore
shall entitle the holder to one vote.
SEC. II. The books, of this association
containing tt cir accounts, shall at all reas
sonable times be open for the inspection of
any of the stockholders.
SEC. 10. This association may increase
it's capital stock and the numbers of shar es
therein at any meeting of the stockhold-
ers, specially warned for that purpose
provided the whole amount when SO in
creased shall not exceed the amount au-
thorized by law.
SEC IS. This ASSOCIATE ton shall at all
times have a lien upon all the stock of its
members and upon all property invested
therein, for all debts due from such stock
holders, to this association.
SEC. IA. Before this association shall
commence business the President and Di-
rectors shall cause these articles of associa-
ton to be published in the RUTLAND
HERALD and Rutland Courier, at least
once, and shall also make a certificate of
the purposes for which this association is
formed, the amount of capital stock, the
amount actually paid in and the number
of shares, which certificate shall be signed
by the president and a majority of the d.
rcctors and sworn to by them and deposit
ed in the town clerks office in said town
of Rutland.
- SEC. IS. This association shall cause a
book to be kept by its clerk in the town of
Rutland, containing record of the arti-
cles of association, the names OF the stock
holders their places of residence the num-
Der of shares held by each, the amount ac-
tually paid in by each, the time when they
became owners of such shares which
said book shall be open for the inspection
of the stockholders at all reasonable hours
on week days.
SEC. 16 All the stockholders in this
association shall be severally and indi-
vidually liable to the creditors of this
association to an amount equal to the
amount of stock held by them respective
ly, for all contracts and debts made
by this association, until the whole
amount of stock such stock holder
has paid in full for his stock, fixed and
limited by said company, shall have been
paid in.
SEC II. The President and Directors
of this association shall before commenc-
ing business transmit to the Secretary of
State a certificate, setting forth the organ
ization of this association, the corporate
name assumedby them and the purpose for
which this association is created, which
certificate shall be signed by the president