Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-15
INCORPORATION.
ARTICLES OF INCORPORATION
Minnesota Iron Company. D

with the provisions of chapter Twenty-eight, be-
ing entitled, IAN 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, ''An Act to Amend
Chapter Twenty-eight of the General Laws of
One Thousand Eight Hundred and Seventy-six
1867, Relating to the Formation of Corpora.
lions Tor certain Purposes" approved Feb. 49,,
A. ID. 1881, and of Chapter Fourteen of the
General Laws of 1881, approved Nov. 10, 1881,
and to acquire and exercise the rights, powers,
franchises and privileges in said several legisa-
tive acts named and in order that the corpora
ton hereby formed may accept the provisions.
ana become entitled to the immu'tities provided
IN the act Of the Legislature of said State
eitltled IAN act to encourage mining in this state
by providing uniform rule for the taxation of
mining property and products" approved No
vember ~, 1881, and we do hereby declare these
presents to be the articles of association and in
corporation by us adopted, follows, to wi t.
ARTICLE FIRST.
The corporate name of this company is the
Minnesota Iron Company
ARTICLE SECOND.
The general nature OF the business to be car
RED on by this corporation is mining and mar
ketlng iron ore and other ores and minerals. and
the refining and manufacture of iron and steel
and other metals and working ard disposing of
the same and the construction OF docks and
warehouses and the procuring of all buildings.
fixtures and machinery deemed necessary for the
conduct OF said business, and also the buying-
and selling of, and dealing in mineral land irs
said state OF Minnesota, and the acquisition and
use of such property, real aud 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 nnsylvania
for stock transfers and other purposes.
ARTICLE THIRD.
The names and places OF residence os the per-
SONS so associating and forming this corporation
are:-
Charlemagne Tower, Philadelphia, Pennsyl-
vania.
Edward Breitung, Negaune,, Michigan.
George G. Stone, Saint Paul, Minnesota.
Charlemagne Tower, Jr., Philadelphia, Penn
sylvania.
Richard H. Lee, Saint Pail, 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 time. under tn @
direction of the Board Of Directors.
ARTICLE FIFTH.
he lN.sIeSt ulEOuitO VI Indebtedness 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 hun ired thousand dol
lars in 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 or force
otherwise.
ARTICLE SIXTH.
There shall be five, or seven, or nine di
rectOrs of said corporation, to be elected annu--
ally by the stockholders at such time as
may be provided in the bylaws of the company,
and the numbe of such directors
shall at each election, before the
voting for them, be determinedbv a majority in
interest of the stockholders then voting
either personally or by proxy; and until the first
of such annual elections the Board of Directors
shall consist of Charlemagne Tower, Edward
Breitung, George c. Stone, Charlemagne Tower,
Jr., and Richard H. Lee The officers of thi
company shall consist of president, vice-presis
dent, general manager, secretary and treasurer,
to be elected annually by the Board, and such
other officers as 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
hcers of this company, to wit:
Charlemagne Tower. President
Edward Breitung 80. .Vlce-Presldent
George c. Stone. ............. General Manager
Charlemagne Tower, Jr. Treasurer
InOmaS l.. BlOOd -. secretary
ARTIC LIE SEVENTH.
The time of the commencement of this
poration 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
cept under resolution of the Board of Directors
and approved thereof in writing by a 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 eigkty-two.
CHARLEMAGNE TOWER. !sEAL.]
CHARLEMAGNE TOWER, il. [sEAL.i
In presence of us,
VIM. BROOKE ROWLE,
ANGELO T.. FREEDLEY,
j. A. BAILEY.
EDWARD BREITUNG. [sEN.f
GEORGE c.. STONE. SEAL.
RICHARD H. LEE SEN.i
In presence of us,
VIM. r. MARSHALL,
j. Fl. GRUBER,
d. E. WOODBRIDGE.
STATE OF PENNSYLVANIA,