Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-05-16
ARTICLES OF INCORPORATION
or the Ottumsoa and Northern Rail
road Companv.

ARTICLE I. We, the UNDERSIGNED, citizens of
successors and sssigns, and iii persons who may
become stockholders under these articles, do here
by become incorporated under the name and style
for the purpose Of owning. constructing and op-
Grating railroad and branches, extending north
ward from uttumwa to Iowa City. in JOHNSON
both points named, with . branch road at Kirk
VILE, In Wapelo county Iowa, intersecting the
point between ossaloosa % and I'd EdayviIis. VI some
Art. 2. The principal place of business Of said
company shall be at Ottunwa Iowa, until other
ART. 8. This corporation shaii have exercise
and enjoy all the rights, powers and franchises
authorized BY the Fifty second chapter Of the re-
pecuniary. profit" together with all the other
rights and powers granted by law to railroad
Air. 4. The capital stock shall be Three Hun.
dled Thousand Dollars, and may be increased by
the Board Of DIRECTORS. The time and conditions
Board Of directors may from time to time desig.
nate.
books Of the company Ct its principal office, and
rectors may designate, the stock to be divided
each share shall be entitled to one vote, either 10
the owner or BY proxy, at all meetings o. ne
ART. g, This company shall oomms,ce on the
9Th of April. A. ID. 1877, and shall Continue MY
years wiI, she right Of renewal.
5s
manzscd by a board Of eleven directors, a majori-
IT, OF whom shall constitute q quorum for the
transaction of BUSINESS.
Monday In July, and until their successors are
duly elected snd qualified. the following persons
are hereby constituted directors. to-Tis: g D:
slutz, Samuel Gilmore. J. L. Taylor, J. u. Mer-
riII, John kirkpatrick, J. NJ. Hedrick, Wa
sseCn ss 5a Hs csrs oa ssa 'as eonsss aas
James l.. Taylor, President; w. X. Chambers.
Secretary. and Chas. +. Blake, Treasurer.
crs shall take place on the irst Monday Of July
in each year, and special meetings shall ,e held
at such times as the President may designate:
be maiied to each registered stocSholder '''''''
Arr. 10. The directors are fully empowered to
carry ont the objects Of this incorporation, and
President, Treasurer and secretary to convey the
whole or any part Of the franchise and property OF
ns ins oniRorzs The same ocers % to execute bonds
and deeds of trust to secure the same on the rail.
road and property of this company to such extent
deemed for the best interests Of this company in
securing the construction OF said railroad The
Directors shall have full power to fll any yacan.
they may consider beneficial to their corporatisn;
ART. IL. The officers Of this company shall
fors som ol their oWn number also
and such other onicers as The Board Il Directors
ART H. All certificates of stosk and agree
ments shall be signed by the President and coun-
tersigned by the Secretary.
ART. IL The aggregate irieoteuness OF tnls
company shall in no case exceed two-thifds OF the
stock.
er sshal not he subect tc the debts of the compa-
ny.
meeting = the STOCKHOLDERS, alter thirty days mo-
tice specifying the proposed amendments, and
published two on !. hs b Line
n,.ch,P .ne ros%, Pssorsorsuch amendment Amendments
may maya also be ,nsie by the unauimous vote Of all
the Direct0rs
JosFsE II. MERRILL, CHARLES r. BLAZE.
p q 8ALLIsGALI, L. e. GRAY,
SD. CARPRnTRR, JAMES l.. TAYLOR,
W. e. CHAMBERS, SLUTZ,
SAMUEL GILMORE, JOHN KIRKPATRICK,
JIM. HEDRIcK, W. A. MCGREw,
ap25w4