St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-27
HENDMENTS TO ARTICLES OF Asso.

n ~ciation OF j. P. Gribbeu Lumber Com
pany, adopted December 10th. A. D. 1890.
We, the undersigned, James P. Gribben,
President. and Henry E, w. Schuette, Seere-
tary. of the j, P. 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 a
meeting of the Stockholders of said corpora
ton. duly called and held on the 10th day of
December, A. D.. 1890, at the Office OF said
corporation, in the City of 81. Paul, in the
State of Minnesota, the Articles of AssOcia-
ton were, by a 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 i'll 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-1nat 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
Hundred Thousand Dollars S5Oo;GOg
and an shall be Seo divided into Five
value of One Hundred Dollars (Sl00) each. OF
which Twenty-Five Hundred c,500) 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
serlbed for and taken; provided, that when
Fifteen Hundred Q.5OO) 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-
vided that the Special, or Preferred Stock may
be issued and negotiated in such manner and
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:
Article Fourth-The highest amount of in
~debtedness, or liability, to which the said
corporation shall at any time be subject shall
be five hundred thousand dollars (S500,000J.
Third-That Article Sixth 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 90 Direct
ors, one of whom shall be elected from the
holders, and shall be q holder, of the Com
mon Stock OF said company. and one OF
whom shall be elected from the holders. and
shall be q 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 rovided; and the said Direct
ors, Immediately after their election, shall
organize and elect from their number q
President, Vice President, Secretary, and
Treasurer. who shall hold their Offices for
such term, and perform such duties, as shall
be prescribed by the bylaws. Tit office of
President and Treasurer may be filed by the
same person. Every Director of said cor
poration shall hold his office until the next
annual Stockholders meeting following his
election, and until his successor is elected
and qualified.
Provided, that any Director lay 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
ing of the Stockholders called for that
purpose, in the manner prescribed
by The Bylaws. The annual stockholders
meeting of said corporation for the election
of Il Board of Directors and transaction of
such other business as may properly come
before it shall be held at the Office of said
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 TO notice Or other
wise, as may be prescribed by the bylaws,
and at such meetings Stockholders may be
represented aud vote by proxy, duly APP
pointed. and at any stockholders meeting
each Stakeholder shall be entitled to one
vote for each share of stock held by him, and
the holders or a majority OF stock shall con-
slitute a quorum at such meetings for the
transaction of business.
The duties of the officers OF said corpora
ton shall be fxed by the Bylaws adopted
by the stockholders at their first annual
metLlI1B, VI dL u SpCclhl HtellliS Cditcu LOT
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 in force until BY
Laws shall have been adopted by the Stock
holders as hereinbefore provided. The
compensation of the officers of said corpora
ton shall be fixed by a vote of the Directors at
their annual meeting. or At "a special meeting
regularly called. The names of the first
Board of Directors shall be James p. Gribben,
William G. Gribben, Simon L. Good, Henry
E. w. Schuette and Robert Ii. Downing. of
whom James P. Gribben shall be President
ana Treasurer, Robert III. Downing shall be
Vice President and Henry E. w. Sehuette
shall be secretary of said corporation, and
shall hold their Offices until the next annual
meeting of the Stockholders and until their
successors are elected and qualified.
Resolved further. That a proper certificate
of the adoption of said amendments of the
Articles OF Association of this company be
prepared, subscribed and sworn to, and filed
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 and sworn
to by its President and secretary, in the man
ner provided by law, and its Corporate Seal
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 z. GRIBBEN, President,
And HENRY e. w. SCHUETTE, Secretary.
In presence Of
r. ii. DOWNING, corporate Seal.l
SAMUEL BARNES.