Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-05-23
ARTICLES OF lNCOR RPORATlON
or the Ottuma0a and Northern Rail.
y.onI GO,nD0UU.

ARTICLE 1. We, the undersigned, citizens OF
successors and assigns, and all persons who may
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
cssr ESsds e G or
both points named, with q branch road at Kirk
vile, in Wapello county Iowa, intersecting the
point between % oskaloosa and Eddyyiile e'
Art. 2. The principal place Of business of said
shall Be ,ss q " an
ART. 8. This corporation shall have exercise
and enjoy ali the rights, powers and franchises
yised code Of Iowa, entitled interpretations for
,pecuniary profit" together with all the other
rights and powers granted by law to railroad
AIT l. The capital stock shall be Three Hum
dred Thousand Dollars, and may be increased by
as %se e bald IN be rs ns
Boafd Of Directors may from time to time desig-
nat..
books Of the company at its principal Office, and
at such other place or places as the Board of Di-
rectors may designate, 1.-THE stock to be divided
into shares of One Hundred Dollars each, and
each share shall be entitled to one vote, either by
the owner or by proxy, ut Oil meetings of the
Art. 6. This company shall commence ON the
eth of April, A. ID. 1877. and shall continue fifty
years with the right of renewal.
IL
managed by board of eleven directors,a majori-
ty of whom shall constitute a quorum for the
transaction Of BUSINESS.
Monday In July, and until their successors are
duly elected and qualified. the following persons
carpenssT. G % c. sof: +. bake, L. T. Cray. Theopsilus
Slutz, Samuel Gilmore, j. L. Taylor, j. u. Mer-
rill, John kirkpatrick, j. NJ. Hedrick, W. A.
election il july 1871 the officers shall consist Of
James L. Taylor, President; W e. Chambers.
Secretary. and and chas. ~ !. Blake, Treasurer. :s ,
ers shall take place on the first Monday Of July
in each year, and special meetings shall be held
at such times as the President may designate
10 mailed to each registered stOckholder.
ARr. 10. The directors are FULLY empowered to
they may. by unanimous vote, authorize the
President. Treasurer and Secretary to convey the
whole or any part Of the franchise and property Of
ing, authorize the same 0ficers to execute bonds
and deeds of trust to secure the same the rail.
and upon such terms and conditions as may be
deemed for the best interests Of this company In
eea the .a Of said 1aro.a The
Gy in the Board, and to perform all other acts that
they may consider beneficial to their corporation
consist Of President. to be elected by the Direc-
tors from their own number, and also o Treasurer
and Secretary, to be appointed by the Directors.
AIT il. An certificates Of stock and agree
e we and ooun
ANT. is, The aggregate Indebtedness of this
company shall in no case exceed two -trtis "s s'e
ART. IA. The private property of the stockhold-
er sshall not be subject to the debts of the compa-
Art. Is. These articles may be amended at any
meeting Of the stockholders after thirty days no.
tice specifying the proposed amendments, and
the road, provided that two-thirds OF a the stock