St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-01

AMENDMENTS TO ARTICLES OF ASSO-
II citation of j. P. Gribben Lumber Com
pany. adopted December 10th. A. D. 1890.
We, the undersigned, James P. Grihben,
President. and Henry E. W. Schuette, Secre
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
meeting of the Stockholders of said corpora
ton. duly called and held on the 18th day OF
December, A. d. 1890, at the office of said
corporation. in the City of ST. Paul, in the
Stale of Minnesota, the Articles of Associa-
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, 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
Hundred Thousand Dollars S500,000)
and shall be divided into Five
Thousand 5000 Shares of the par
value of One Hundred Dollars $500 each OF
which Twenty-Five Hundred (2,5OO 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
time to time, as the shares OF stock are SUBJ
scribed for and taken; provided. that when
Fifteen Hundred Q.5O0) 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 NAV
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-
cles 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 $500, 00O).
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 (5) Direct
ors one of whom shall be elected from the
holders and shall be a holder. Of the Com
mon Stock of said company, and one Of
whom shall be 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 provided; 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. The office or
President and Treasurer may be filled 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 may be re-
moved from Office, and any vacancy in the
Board of Directors may be filed by the vote
of holders of majority Of the stock OF
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
such other business as may properly come
before it shall be held at the Office of said
corporation, i'll 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 majority OF stock shall con-
slitute 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 a 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 in force until BY
Laws shall have been adopted by the Stock
holders as herenbefore provided The
compensation of the officers of said corpora
ton shall be fixed by vote of the Directors at
their annual meeting. or at special meeting
Board of Directors shall be James P .Gribben.
William c. Gribben, Simon L. Good, Henry
E. w. Schuette AMI Robert III. Downing, OF
whom James P. Gribben shall be President
ana Treasurer, Robert Fl. Downing shall be
Vice President and Henry K. w. Schuette
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 Iurther That 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. ID.
1890. j. P. GRlBBEN LUMBER 90.
By JAMES P GRIBBEN, President,
And HENRY E. w. SCHUETTE, Secretary
In presence Of
r. Fl. Downing, corporate Seal.l
SAMUEL BARNES.