St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-02
A MENpMENrs TO ARTICLES OF Asso.

We. the undersigned, James z. Grihben,
President. and Henry K, W. Schuette, Secre-
tary. of the j, 2. Gribben Lumber Company.
a corporation duly organized and existing
under and by virtue of the Laws of the State
of Minnesota do hereby certify, that at
meeting of the Stockholders of said corpora
ton. duly called and held OH the 10th day OF
December, A. d. 1890, at the office of said
corporation, in the City of st. Paul, i'll the
Stale OF Minnesota the Articles of Associa-
ton were, by majority vote IN number ana
amount of the Shareholders aud shares OF
said corporation, duly amended by adopting
the following resolution, and the Articles
specifying such amendments in said resolu-
ton contained; viz:
Resolved, That the Articles of Association
of j. p. Gribben Lumber Company be, and
the same are hereby amended, as follows:
First-Tnat Article Third of said Articles
of Association be SO amended as to read as
follows:
Article Third-The amount of the Capital
Stock of said corporation, shall be FIVE eve
Hundred Thousand Dollars (S500,000)
and shall be divided into Five
Thousand (5050> Shares of the par
value of One Hundred Dollars (Sl00) each. OF
which Twenty-Five Hundred 25OO) Shares
shall be known and issued as Common STOCK,
and the residue shall be known and issued as
Preferred Stock, and shall be paid in, from
time to time, as the shares of stock are sub
scribed for and taken; provided, that when
Fifteen Hundred Q.500 Shares OF said COM
mon Stock shall have been subscribed and
paid for. the corporation may proceed TO
transact business, and to carry out the pur-
poses of its organization; and further pro-
yided that the Special, or Preferred Stock NAV
be issued and negotiated i'll such manner ana
form, and upon such terms, and with such
provisions, in accordance with law, as the
Board OF Directors shall determine.
Second-That Article Fourth of said Arti-
Giles of Association be so amended as to
read as follows:
mi. L tn, t<~c;,
debtedneSs, or liability, to which the Sald
corporation shall at any time be subject shall
be five hundred thousand dollars $500 900.
Third-That Article Six n of said Articles
of Association be so amended as to read as
follows:
Article Sixth-The government of said
corporation, and management of its affairs,
shall be vested in a board of five l5) Direct
ors, one OF whom shall be elected from the
holders, and shall be holder, of the Com
mon Stock OF said company. and one of
whom shall he elected from the holders. and
shall be a holder. Of the Preferred Stock OF
said company all of whom shall be elected
from and by the Stockholders. save as afore-
said. at the annual meeting thereof, to be
held as herein pre- vided; and the said Direct
ors, Immediately after their election, shall
organize and elect from their number
President, Vice President, Secretary, and
Treasurer. who shall hold their Offices for
such term, and perform such duties, as shall
NC pIcSCTIDGu ny tuC -Ldnc. hC OiuN VI
President and Treasurer may be filled by the
same person. Every Director of said cor
poratiou shall hold his Office until the next
annual Stockholders meeting following his
election, and until his successor is elected
aud qualified.
Provided, that any Director may be re-
moved from Office, and any vacancy in the
Board of Directors may be filled by the vote
of holders of a majority of the stock OF
said corporation, at any special meet
S,,o of no hnldarg called for that
purpose, in the manner prescribed
by The Bylaws. The annual Stockholders
meeting of said corporation for the election
of Board of Directors and transaction OF
such other business as may properly come
before it shall be held at the Office of said
q corporation, in said city of st. Paul, on the
second Tuesday of February of each year,
and special meetings of the Stockholders
shall be held at such times and under such
rules and regulations, as 10 notice Or other
wise, as may be prescribed by the bylaws,
and at such meetings Stockholders may be
represented and vote by proxy, duly ap-
pointed, and at any Stockholders meeting
each Stakeholder shall be emitted to one
vote for each share of stock held by him, and
the holders or q majority OF stock shall con
stitute quorum at such meetings for the
transaction OF business.
The duties of the officers OF said corpora
ton shall be fixed by the Bylaws adopted
by the Stockholders at their first annual
meeting, or at special meeting called for
that purpose, and the Bylaws shall be
changed, altered or amended only at an an
nual meeting of the stockholders, or at any
special meeting called for that purpose, but
the first Board of Directors may adopt By
Laws which shall continue i'll force until BY
Laws shall have been adopted by the Stock
holders as hereinbefore provided. Inc
conversation of the officers of said corpora
ton shall be fixed by vote of The Directors at
their annual meeting. or at special meeting
regularly called. The names of the first
Board of Directors shall be James .Gribben,
W lillian c. Girbben, Simon L. Good. Henry
E. w. Schuette and Robert ii. Downing. OF
whom James P. Gribben shall be Presi Dent
and Treasurer, Robert II. Downing shall be
Vice President and Henry Il. w. Schuette
shall be Secretary of said corporation, and
shall hold their Offices until the next annual
meeting of the Stockholders and until thelr
successors are elected and qualified.
Resolved further, That proper certificate
| of the adoption of said amendments OF the
| Articles OF Association Of this company be
prepared, subscribed and sworn to, and hleo
| and published, and recorded, as required by
| the statute in such cases provided.
In testimony whereof, said corporation has
| caused these presents to be signed ana sWorr
| to by its President and secretary, in the man
| ner provided by law, and its Corporate Sea
to be hereunto affixed, at the City OF st. Paul
| Minnesota this 10th day of December, A. D.
| 1890. j. P. GRIBBEN LUMBER co.
| By JAMES P GRIBBEN, President
| And HENRY E. w. SCHUETTE, Secretary
| In presence Of
| r. H. DOWNING, corporate SeaLI
4 SANtrEJ BARNES.