Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-25
ARTICLES OF INCORPORATION.

T|NOW ALL MEN BY THESE PRESENTS
IN That we, whose names are hereunto subscribed
have agreed to, and do hereby, associated ourselves
together for the purpose of becoming incorporated
under the laws of the State of Minnesota that is
to say, under title 2, chapter "a, of the General
Statutes OF A D. 1878, and the various acts amend
atory thereof and supplementary thereto, and to
that end have adopted and signed the following
articles:
the BRAINERD ELECTRIC LIGHT COMPANY; the gene
raj nature of the business thereof shall be to buy
SELL make let hire, operate and deal in apparatus
and motive power for the production, storage.
Transmission and distribution of electricity, wheth-
er for light power other purposes; and the prin-
cpal place OF transactinS the shall he Brain
ard il said State.
SECONL-Said corporation shall commence on
the first day OF October, A. D. 1888 and shall con-
tinue for the term of thirty 800 years.
THIRD-The amount of the capital stock Of said
corporation shall be thirty thousand (S30,00U) dol
lars and the shall be divided into three nun
dred 800 shares of one hundred S10J) dollars each
and the shall be paid in as called for bV the
board of directors
FuURTH-The highest amount OF Indebtedness,
liability, to which said corporation, shall at any
time be subject, shall be ten thousand 81 ,OO0)
dollars.
FIFrH-The names and places of residence of
the persons forming said corporation are: J. II.
Woolsey, st. Paul, Mimi; H s. Lyle, Brainerd,
Mimi; j. II. Koop, Brainerd, Mimi; w. W. Hartley,
Brainerd, Mimi; N ]. SAVERS Brainerd, MINI.
SIXTH-The government of said corporation and
the management of its affairs, shall be vested in
directors. Every officer and director of said cor
poration shall be stakeholder therein, and shall
continue in office for the term of year, and IN
til his shall have been elected and quail
fed meeting of the stockholders of said cor
poration shall be held at the Office thereof at Brain
erd in said state annually on the first Monday of
October, in each year, after the year A. D. 1888.
meeting of the board of directors of said corpora
ton shall be held at said Office annually, imme-
diatey after the annual meeting of the stockhold-
ers The directors of said corporation shall be
elected by the stockholders at their said annual
meeting and the president, secretary and treasurer
shall be elected by the board of directors and any
vacancy in any of said offices, in said board of
directors occasoned by DEATH resignation or other
wise shall be filed by said board for the unexpired
term. The duties and compensation of the officers
and directors of said corporation shall be prescrib
ed by the bylaws The bylaws of said corporation
shall be adopted by the stockholders at their first
annual meeting, and the same shall be modified or
changed only by the stockholders at an annual
| meeting thereof, but the first board of directors
may adopt bylaws which shall continue in force
until the first annual meeting of the stockholders
The of the first board of directors shall be
J. H. Woolsey, Ii. S. Lyle, j. II. Koop, w. Hart
ley and n. J. SAVERS.
In witness whereof, the persons hereinbefore
named as the incorporators have hereupto sub
scribed their names and affixed their seals. this
18th daV of SpOtembpr. A 1889