St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-31
A MENDMENTs TO ARTICLES OF Asso-

A MENDMENTS TO ARTICLES OF Assn
II citation of J. P. Grib6en Lumber ssoo COM
We, the undersigned, James T. GrlbDen,
President and Henry K. W. Schuette, Seere-
tary. of the j, P. Gribben Lumber Company.
a corporation duly organized and exlsung
under and by virtue of the Laws Of the State
of Minnesota, do hereby certify, that at a
meeting of the Stockholders of said corpora
ton. duly called and held on the 10th day OF
December, A. ID. 1890, at the office OF SAID
corporation, in the City OF ST. Paul, IN the
Stale of Minnesota, the Articles OF Assocla,
ton were, by majority vote In number and
amount of the Shareholders and 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, ana
the same are hereby amended, as follows:
First-That Article Third of said Articles
Of Association be so amended as to read as
Article Third-The amount of the Capital
Stock of said corporation shall be Five
Hundred Thousand Dollars CS5OooOo1
and shall be Heo> divided dy6Ie into % f1 rs1
value of One Hundred Dollars (SlO0 each. OF
which Twenty-Five Hundred C2,5OO) 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
scribed FOR and taken; provided, that when
Fifteen Hundred Q,500) Shares OF said Com,
mon Stock shall have been subscribed ana
paid for, the corporation may proceed 10
transact business, and to carry out the pur-
poses of its organization; and further pro-
yided that the Special, or Preferred StocKmay
be issued and negotiated in such manner ana
form, and upon such terms and with such
provisions, in accordance with law, as tne
Board of Directors shall determine.
Second-That Article Fourth of said Arti-
eles of Association be SO amended as 10
read as follows:
Article Fourth-The highest amount OF in
debtedpess or liability, to which the said
Corporation shall at any time be subject shall
be five hundred thousand dollars (S5OO,0O0).
Third-That Article Sixth of said Articles
of Association be so amended as to READ as
follows:
corporation, and management OF It's atfairs'
shall be vested in board OF i've (5l Direct
ors, one of whom shall be elected from the
holders, and shall be holder. OF the Com.
mon Stock of said company. ana one |
whom shall be elected from the holders. ana
| shall be holder, OF the Preferred Stock OF
| said company all of whom shall be elected
| from and by the Stockholders. save as atore-
| said, at the annual meeting thereoI, 10 Dc
| held as herein provided; ana the saio DlrecI,
| ors, Immediately after their election. shall
| organize and elect from their NUMBER Q
| President Vice President, Secretary, and
| Treasurer. who shall hold their offices foI
| such term, and perform such duties, as shall
| be prescribed by the Bylaws. The ONCE OF
| President and Treasurer may be filled by the
| same person. Every Director OF said cor
| poration shall hold his office until the mex
| annual Stockholders meeting following his
| election, and until his successor Is electeu
| and 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 Co. meet tha
| purpose, in the manner prescribed
| by the Bylaws. The annual stockholders
| meeting of said corporation FOR the eiecuor
| of Board of Directors and TRANSACTION Of
| such other business as may properly come
before it shall be held at the office of sait
corporation, in said city OF st. Paul, on tht
| second Tuesday of February OF each year
and special meetings Of the Stockholderl
shall be held at such times and under sucf
| rules and regulations, as to notice Or otner
wise, as may be prescribed by the bylaws
and at such meetings Stockholders may b'
represented aud vote by proxy, duly ap
pointed, and at any Stockholders meetiht
| each Stakeholder shall be entitled to on
vote for each share of stock held by him, ant
the holders or a majority Of stock shall con
| stitute quorum at such meetings for TIT
| transaction of business.
THE duties of the officers of said corpora
ton shall be fixed by the Bylaws adopte'
by the Stockholders at their first annua
| meeting. or al a special meeting called 10
that purpose and the Bylaws shall b
changed. altered or amended only at an an
nual meeting of the stockholders, or at an
special meeting called for that purpose, Du
the first Board Of Directors may adopt BY
Laws which shall continue in force until by
Laws shall have been adopted by the StocR
holders as hereinbefore provided Int
| compensation of the officers of said corpora
! ton shall be fixed by vote OF the Directors
| their annual meeting. or at special meeting
| regularly called. The names OF the frs
| Board OF Directors shall be James P .Gribber
| William C. Gribben, Simon L. Good, Henri
Z. W. Schuette ami Robert II. Downing, Q
whom James P. Gribben shall be Presiden
ana Treasurer, Robert FL. Downing shall
Vice President and Henry 4. w. Schuett
shall be secretary of said corporation, an
shall hold their offices until the next annus
meeting of the Stockholders and until tnel
successors are elected and qualified.
Resolved Iurther, That proper certlhcai
of the adoption of said amendments OF tn
Articles of Association of this company ,
prepared subscribed and sworn to, and hle
and published, and recorded, as required D
! the statute in such cases provided.
In testimony whereof. said corporation ma
caused these presents to be signed and swor
to by it's President and Secretary. in the mai
ner provided by law, and its Corporate Sci
TO be hereunto affixed, at the City OF ST. Pau
MINNESOTA. this 10th day of December, A
1890. J. P. GRIBBEN LUMBER co.
By JAMES P. GRIBBEN, President,
And HENRY E. w. ScHUETTE, Secretar
In presence Of