Daily globe., 1882-11-14
INCORPORATION.
ARTICLES OF INCORPORATION
minnesota Iron Company. y
INCORPORATION.

minnesota Iron Company. D
Know all men by these presents that we, whose
names are hereunto subscribed, do hereby asso-
clate ourselves together in order to form body
polite and corporate under and IN accordance
with the provisions of chapter Twenty-eight, be-
| ing entitled, "An Act to Authorize the Forma-
| ton of Corporations for Mining and Smelling
| Ores for Manufacturing Copper and other Met
| ais" approved Feb. "a, 1876, and of the act of
| said Legislature entitled, San Act to Amend
Chapter Twenty-eight of the General Laws Of
One Thousand Eight Hundred and Seventy-six
| (1876), Relating to the Formation OF Corpora
| tlons for certain Purposes approved Feb. %,
A. D. 1881, and OF Chapter Fourteen of the
General Laws OF 1881, approved Nov. l9, 1881,
and to acquire and exercise the rights, powers,
franchises and privileges in said several legisla-
tive acts named, and in order that the corpora
| tlon hereby formed may accept the provisions
and become entitled to the immuuities provided
| in the act of the Legislature of said State
entitled ian act to encourage mining III this state
| by prOvl ding uniform rule for the taxation of
| mining pr Operty and products approved No
| vember 20, 1881, and we do hereby declare these
presents to be the articles of association and in
corporation by US adopted as follows, to wit:
ARTICLE FIRST.
The cor porate of this company is the
''Minn esota Iron Company
ARTICLE SECOND.
The general nature Of the business to be car
ried on by this corporation is mining and mar
keting iron ore and other ores and minerals, and
the refining and manufacture of iron and steel
and other metals and working and disposing of
the same and the const ruction OF docks and
warehouses and the procuring of all buildings,
| conduct of said business, and also the buying
and selling of, and dealing in mineral land III
said state OF Minnesota, and the acquisition and
use of such property, reaoan personal, as may
be deemed necessary for said business.
The principal office of said corporation is TO
be in the city of st. Paul, Ramsey County, Min
nesota, with the maintenance OF a branch office
at the city of Philadelphia, state of Pensyl vania
for stock transfers and other purposes.
ARTICLE THIRD.
/ The names and places of residence of the per-
sons associating and forming this corporation
are:-
Charlemagne Tower, Philadelphia, Pennsyl-
vania.
Edward Breitung, Negaunee Michigan.
George C. Stone, Saint Paul, Minnesota.
Charlemagne Tower, Jr, Philadelphia, Pc M
sylvania.
Richard H. Lee, Saint Paul, Minnesota.
ARTICLE FOURTH.
The amount of the capital stock of this COM
pany is ten millions of dollars divided into one
| hundred thousand shares of one hundred dollars
each, to be issued from time to tima un Ter tn
direction of the Board OF Directors.
ARTICLE FIFTH.
| The highest amount of Indebtedness for which
| this company shall at any one time be subject,
shall not exceed, in the aggregate, three millions
| of dollars. And each Indebtedness or liability,
| beyond or exceeding one hundred Thousand dol
lars all, for current business shall be created
| from time to time and in amounts required only
| by resolution of the Board of Directors and ap-
| proved thereof in writing by a majority in in
| terest of the stockholders of the company and
| not be created or be Of any validity OF force
otherwise.
ARTICLE SIXTH
There shall be five, seven, or nine d:
| rectors of said orpocat;on, TO be elected annu-
| ally by the stockholders at such time as
and the numbe of such directors
shall at each election, before the
voting for their, be determinedbya q majority in
interest of the stockholders then voting
either perso 1ally or by proxy; and until the first
of such annual elections the Board of Directors
shall consist OF Charlemagne Tower, Edwar d
Breitung, George c. Stone, Charlemagne Tower,
Jr.. and Richard II. Lee The officers of thi
company shall consist of a president, vice-presis
dent, general manager, secretary and treasurer
| to be elected annually by the Board, and such
other officers the Board of Directors may from
time to time provide; and until their successors
are elected as provided in the bylaws to be
adopted, the following persons shall be the Of
fcers Of this company, to witt
Chariemagne Tower. wer.................P President
Edward Breltung 80. .Vlce-Presldent
George G.. Stone. General Manager
Charlemagne Tower, Jr. ..............Tr Treasurer
Thomas L. Blood. Secretary
ARTIC LIE SEVENTH.
The time of the commencement of this cor
poratlon IS the first day of December, A. D.,
eighteen hundred and eighty-two, and it shall
continue perpetually thereafter, as authorized by
said leg islative acts.
A RTICLE EIGHTH.
There shall not be made any sale or sales or
lease or leases of real estate of the company ex-
cept under resolution of the Board of Directors
and approved thereof in writing by majority
in interest of the stockholders of the company.
In witness of all which, the said parties here
to have executed these presents in duplicate and
subscribed with their respective names and
sealed with their scales this ninth day of Octo-
Der, Ammo DOmini, one thousand eight hundred
and eighty-two.
CHARLEMAGNE TOWER. SEAL
CHARLEMAGNE TOWER, JE. [sEAL.
In presence of us,
VIM. BROOKE RowLE,
ANGELO T. FREEDLEY,
j. A. BAILEY.
EDWARD BREITUNG. [sEAL.l
GEORGE G. STONE. SEAL
RICHARD H. LEE. SEAL.
In presence of us,
VIM. r. MARSHALL,
]. H. GRUBER,
d. E. WOODBRIDGE.
STATE OF PENNSYLVANIA,
CITY AND COUNTY OF PHILADELPHIA.
Before the undersigned, Commissioner OF
Deeds for the State of Minnesota, duly COM
mlssloned and qualified, this day personally
came Charlemagne Tower and CharleInagne
Tower, Jr., two of the persons named in, and
who executed the above and foregoing articles
OF incorporation, to me personally known to be
such, and severaily acknowledged the execution