Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-20
ARTICLES OF INCORPORATION.

II NOW ALL MEN BY THESE PRESENTS.
IA Ihat we, whose names are hereunto sub
scrlDed, nave agreed to and do hereby associate
ourselves together for the purpose of becoming
Incorporated under the laws of the state of Min.
nasota, that is to say under title of chapter "a
OF the General Statutes of A. d. 1878, and the
various acts amendatory thereof and supplement
tary thereto, and to that end have adopted and
signed the following articles:
FIRST. The name of said CORPORATION shall he
The SALTWATER ELECTRIC LIGHT COMPANY
the general nature of the business thereof shall he
to buy, sell, make, let, operate and deal in cleo
trlcai apparatus and motive power for the produc-
ton, storage, transmission and distribute n of
electricity, whether for light power or other pr-
posei and the principal place OF transacting the
same shall be at Saltwater in said state.
SECOND. Said corporation shall commence ON
the fth day OF November, A. D. 1883, and shall con-
tlnue for the term of thirty 500 years.
THIRD. The amount of capital stock of sgid
corporation shall be thirty thousand $50 UOO)
dollars, and the same shall be divided into three
hundred (30o) shares of hundred (S10O) dollars
the board of directors.
FOURTH. The highest amount of indebtedness
or liability to which said corporation shall at any
time be subject shall be ten (10) thousand TOOOOf
dollars.
FIFTH. The names and places of residence of
the persons forming said corporation, are:
). X. Stimson saltwater, Mimi
E. S. Brown, Saltwater. MINI.
A. L. Gillespie, saltwater, Mlnr
H. NJ Crane all, Saltwater Mimi
j. III. Woolsey, ST. Paul, Nina.
SIXTH. The government of said corporatton and
the management of it's affairs, shall be vest in n
President, Vice President, Secre tary Treasurer
and Board of five Directors Every officer and
director of said cOrpor alton shall be a stockhol
therein, and ii |! continue in Office for the term of
one year and nt'l successor shall have been
elected and liiied. meeting of the stocEhold-
ers or said cuc Grafton shall DO he d at the office
thereof, ~ : iwater, in said State annually on
the fifth lnn lay of November, In each yesr after
the year !. D. 1883 meeting OF the Board of
Directors Oh said corporation shall be held at said
Office annually Immediately after the annual meet
ing OF the stockholders. The directors Of said
corporation shall be elected by the stockholders at
their said annual meeting, and the president vice
president secretary and treasurer shall be elected
by the hoard of directors. Any vacancy in any of
SAID oitces, or in said board occasioned by DEATH
resicaalon or otherwise, shall be filed hy said
board for tho unexpired term. The duties and
CONDENSATION of said officers and directors Of said
CORPORATION, shall De prescribed by the bylaws.
fhe bylaws of said corporation shall be adopted
by the stockholders at their first annual meeting,
aud ihe same shall be changed modified only by
| the stockholders at annual meeting thereof ;
but the first board of directors may adopt bylaws
which shall continue in force until the first Guuusl
meeting of the stockholders. The names Of the
first Board OF Directors shall be: s. X. Slim son +.
| s. Brown, A. l. Gillespie, II. NJ. CrgnGau and J.
| II. Woolsey.
In witness Whereof the persons hsreinbefore
| named as the incorporators, have hereuato sub
scr1bed thernarnes sud ed their seals this It'll
| day OF November, A. D. 1885,