Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-04
ARTICLE THIRD.

~ q i'fst ISL Gay OF January, a. u. 1891
'.-.>- :; all terminate ard case.
ARTICLE THIRD.
The amount of the capital stock OF said cor
poration az its commencement shall be, AID ex-
cept as herein next provided, shall continue and
remain Five Hundred Thousand Dollars, and
the shall be fully paid up, at its par value,
a. the commencement of the business of the cor
poration, in money, or its full equivalent as de
termined by the Board of Directors.
Provided, however, that the capital stock of
said corporation may be increased at any time,
or from time to time to an amount not exceed
ing in the aggregate One Million Dollars, as au-
thoTity therefor may exist IN the laws of said
State; AID under and pursuant tc such rules and
regulations as may be prescribed and adopted by
the stockholders, representing a majority of
stock, at any special general stockholders
meeting.
No stock, nor any certificate of stock, shall at
any tine be issued until the full par value there
of he's been actually paid in.
ARTICLE FOURTH
The highest amount of indebtedness, or liza
biity TO which said corporation shall at any time
be liable, shall be the sum of Five Hundred
Thousand Dollars.
Providing and excepting, that in the event of
the said increase of said capital stock, proper
tionate and corresponding increase in Laid indebt-
edness and liability Of said corporation may be
made and incurred, but in 10 case to exceed the
full paid capital stock, nor the sum of One Mill
ion Dollars IN the aggregate.
ARTICLE FIFTH.
Tie names and places OF residence of the per
q forming this association for incorporation
follows:
.....,A L. Kelly, residing at Saint Paul, Min
-so5a.
->.,.,d Duf1ene, residing at Saint Paul, Min
--zxe'.der Barclay, residing at Saint Payl, Min
u~cy E. Gooding, residing at Saint Paul,
>. ....e-. rarger, residing at Saint Paul, Min
nesota.
Jason W. Cooper, residing at Saint Paul, Min
nesota.
jerome Plat, residing at Saint Paul, Min
ARTICLE SIXTH.
The names of the persons who shall constitute
the first Board of Directors of said corporation
are the aforesaid Patrick II. Kelly, Alfred Dn-
irene, Alexander Barclay, Rodney c. Gooding,
Warren Granger, Jason W. Cooper and Jerome
Platt.
The officers of said corporation shall be and
consist of President, Vice President, Secretary
and Treasurer.
The government of said corporation ard the
management of its affairs shall be vested in its
officers. and its Board of Directors 10 be formed
and consist Of seven Directors, including said of
fcers, who in addition to the rights, powers and
duties of their other and respective Offices, shall
have and exercise all the rights, powers AID
duties OF, Directors.
The Directors, after the fret herein Eamed,
shall he elected annually by the stockholders
| the first Monday in January of each year, at the
Office of the corporation in said city of Saint
| Paul, ut an annual meet ng of the stockholders,
converting at ten (l0) o'clock in the forenoon,
and the first annual meeting of stockholders for
! the election of Directors shall be a. ten
| (10) o'clock in the forenoon of the first Monday
| in January, A. D. 1884, at said Office of the
poration, to which time, and until their success
soTs are elected and qualified, the Directors
hereinbefere named shall hold their offices of
Directors, and shall constitute the Board of Di-
| rectors OF said corporation.
The Directors, elected as above provided, shall
meet annually at said office of the corporation,
ou the Gay Of their election and on the adjourn
I..srt ot said annual stockholders meetirs and
;s .oon thereafter that day,
"a. practicable and convenient. for
~ q ction OF said officers of the corpora
:, o, aid at such meeting of the Directors, shall
: =, 90 a1rd elect from their own number, and
~ directors elect, said officers OF tie cor
,.-.,..;,,s, for the ensuing year.
,I.i,, Until such annual election and meeting
of the Directors for the election OF
ffcsrs ON the first Monday in
January, A. D. 1884, and. until their
respective successors are elected and qualined,
the said Patrick H. Kelly shall be the President,
the said Alfred Dufrene the Vice President, the
said Alexander Barclay the Secretary, and the
said Rodney G. Gooding the Treasurer Of said
corporation.
The Directors shall have power to fill vacancies
in any of the Offices of the corporation herein
provided, also TO Mi vacancies in the otiCes OF
Directors, at any special ca general meeting OF
the Directors.
No person shall be Director or officer cE said
corporation who is not a stakeholder theela.
Such special and general meetings of the d.
rectors and of the stockholders, may DE called
ard held as the interests and exigencIes OF the
business may require, ard as the same o. tu-
thorized and prescribed b. the bylaws OF the
corporation.
ARTICLE SEVENTH.
Tie capital stock of said corporation shall be
divided into Ten Thousand Shares of Fifty
Dollae- each.
Provided, hat in the event of the increase of
said capital stock as heleinbefore providei, the
number of shares IL that case may be increased
proportionately and TO correspond with such IN
creased capital stock, but in 10 case to exceed
Twenty Thousand Shares.
!. vit1ess whereof, We, the persons herainbe-
:; iGttl as iccorpOratOTs, have herennJO sub
..,,o vt.r hanes aud affixed our seals, each Coz
,l--.f. his 18th day OF December, 4. D. ie62-
IL lrssepce of
.hn - DGRAN,
.,yaiAS BARCLAY.
PATRICK Il. KELLY, l. =.
ALFRED DUFKENE, LIS.
ALEXANDER BARCLAY, l.. 81
RODNEY c. COOLING, IS.
WARREN GRANGER, IL.S.l
"a 4