Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-04-25
ARTICLES OF INCORPORATION
or the Ottatnard and Northern Raj

/ ARTICLES OF T1DN,
Tor the Ottatmrd and Northern Rail
| road Company:
| ARTICLE l. We, the undersigned, citizens O
the state Of Iowa, together with our associates
snd sSssgns and All persons who ma,
i by become incorporated under the name and style
Of the Ottumwa and Northern Railroad Company
the q az. SSanrs and
county, o. Cedar Rapids IN Linn County, or e
both points named, with branch road at Kirk.
Central Railroad OF Iowa at Uskaioosa, or some
point between oskalcosa aud Eddyyille.
AnT The psnepsl place # business Of said
wise ordered by the Board OF Directors
ART. s. This corporation shall have exercise
n snss 81 ri ns ena pna % ss
vised code OF Iowa, entitled misconceptions for
pecuniary profit" together with all the other
rights and powers granted by law to railroad
AIT. i. The capital stock shall be Three Hun.
dred Thousand Dollars, and may be increased by
upon which 1t is to be paid in shall be such as Inc
Board OF Directors may from time to time desig-
nate
books Of the company at its principal Office and
at such other place places Is the Board Of Di-
rectors may designat~,-the stock to be divided
the owner OF By proxy, at all meetings Of the
ART. 8. This company shall commence on the
eth of April, a. D. 1877, and shall continue fifty
years with the right Of renewal.
ART. I. Tue affairs Of the company shall be
ty OF whom shall constitute quorum for the
Transaction Of BUSINESS.
ART. g.; until the annual meeting ON the first
duly elected and qualified, the following persons
| are hereby constituted directors, to-wit 4. d.
sa5peps ss G. ssa T Sy IheGph Mlr
riil, John Kirkpatrick, J. III. Hedrick. W. A
Nc drew. ?. G. Ba lingall; and until the annual
essn IN IN y m es csss fsa c sSnst
Secretary, and Chas F. Blake, Treasurer.
ART. O. The annual meeting Of the stocsholi-
shall take place on he Of }s
at such times as the President may designate.
Thirty days notice Of any special meeting shall
ABE. 10. " The directors are July empowered TO
carry ont the objects Of this incorporation, and
thew may, by unanimous vote, authorize the
whole OF any part Of the Franchise and property OF
the company, or by majority vote of any meet
ing. aui horize the same officers to execute bonds
and deeds of trust to secure the same ON tue rail-
road and property Of this company to such extent,
and upon such terms and conditions as may be
deemed for the best interests of this company in
securing the construction Of said railroad. The
Directors shall have full power to I'LL any yacan-
cy in the Board and to perform al other acts that
they may consider beneficial to their corporation.
ART, II. The officers of this company shall
consist of resident to be elected by the Direc-
tors from their own number, and also Treasurer
and Secretary. to be appointed by the Directors,
and such other officers as the Board of Directors
ART. ID All certificates of stock and agree
ments shall be signed by The President and ccun.
tersigned by the Secretary.
Ant. IL The aggregate Indebtedness of this
company shall in no case exceed two thirds Of the
AYR IL TI,anriva.e ,,-ouerfv orthe atncLhoid