Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-05-09
or the Ottantca and Northern Rail
road CompdnY:

W TIC OttUUtCu uI&u Af fOJtNCTH llUt(-
road Company:
ARTICLE l. We, the Undersigned, citizens OF
the State OF Iowa, together with our associates,
successors and assigns, and all persons who NAV
become stockholders under these articles, do here
by become incorporated under the name and style
of the Ottumwa and Northern Railroad Company,
for the purpose Of owning, constructing and op-
Grating railroad and branches, extending north
county, or Cedar Rapids in Linn county, or 10
both points named, with branch road at Kirk
Vile, In WapeIlo county Iowa, intersecting the
Central Railroad Of Iowa at Uskaloosa, or some
point between Oskalousa and Eddyville.
Art. 2. The principal place of business Of said
company shall be at ostumwa, Iowa, until other
Wise ordered by the Board of Directors
ART. s. This corporation shall have exercise
and enjoy all the rights, powers and franchises
vsed code Of Iowa, entitled sincorporations ior fol-
pecuniary protlt,' together with all the other
rights and powers granted by law to railroad
AkT 4. The capital stock shall be Three Hun.
dred Thousand Dollars, and may be increased by
the Board Of Directors. The time and conditions
upon which il is to be paid in shall he such AS the
nate.
AIT. 5. The stock shall be transferable on tho
books OF the company ut its principal Office and
ut such other place or places Ms the Board Of Di-
rectors may designat~,-th stock to be divided
into shares of One Iiundted Dollars each. aud
each share shall be entitled to one vote, either by
lne owner or by proxy, at all meetings Of the
9th of April, A. D. 1877, and shall continue iffy
years with the right of renewal.
ART Z Tue affairs Of the company shall BE-
managed by board of eleven directors, a maori.
fy OF whom shall constitute quorum for the
transaciiono of BUSINESS.
.ARr.s Until the annual meeting on the first
Monday in July, and until their SUCCESSORS an
duly elected and qualified, the following persons
are hereby constituted directors, to-wit i. D.
sIatz, Samuel Gilmore, j. L. Taylor, j. ii. Mer.
rill, John kirkpatrick, j. III. Hedrick, w. A.
Nc Grew. T. Q. ba,Iingail; and until the annual
james L. Taylor, President; w. Il. Chambers
Secretary, and Chas. +. Blake, Treasurer
es take eaoe on ns q MonsS y
in each year, and special meetings shall tc held
nt such times as the President may designate
be mailed 10 each registered stockholder. ~''~'
Arr 10. The directors are fully empowered Il
carry out the objects Of this incorporation, ant
President. Treasurer and Secretary to convey I'M
whole or any part of the franchise and property
ne me company, = q 9I BY majority vote Of any meet
aud deeds OF trust to secure the same on tue rail-
road and property ofthis company to such extent
deemed for the best interests Of this COMPANY /,
securing the construction OF said railroad in
Directors shall have fult power to fll any vacan
Gy in the Board, and TO perform all other acts ina
they may consider beneficial to their corporation
Art. II. The officers Of this company shai
consist Of AFT President t9 be elected s BY tne Direc
and Secretary. TO be appointed by the Directo,s
and such other officers AS the Boanl Of Director
ART. ~. All certificates Of stock and agree
ments shall be signed by the President and ccun
terslgned BY the Secretary.
ART. IL The aggregate Indebtedness of thi
company shall in no case exceed two. thirds OF III
stock.
Arr. H. Thcprivate property orthc stockholtl
er rsslmii not be subject TO thp debts Of the compa
Agr. Is. These articles may be amcndcl at an