St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-29
A MENDMENTS TO ARTICLES OF AsSO-
y citation of j. 2. Gribben Lumber Com

~
n citation of j. P. Gribben Lumber Com
pany, adopted December 10Th. A. D. 1890.
We, the undersigned, James T. Grlhben,
President, and Henry K, w. Sehuette, 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 10th day OF
December, A. ID. 1890, at the office OF SAID
corporation. in the City of ST. Paul, in the
State of Minnesota. the Articles of Associa-
ton were, by majority vote IN number ana
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-1hat 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 (S5O00OO)
and shall be divided into Five
Thousand $1,000 Shares OF the par
value of One Hundred Dollars (Sl00) each. OF
which Twenty-Five Hundred l2,500) Shares
shall be known and issued as Common Stock,
and the residue shall be known and issued as
Preferred Stock, and shall be paid ill., from
time to time, as the shares OF STOCK are SUD-
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 10
transact business, and to carry out the pur-
poses of its organization; and furtner 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 (S50O, 00OJ.
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 board OF five 90 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 o
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 aud by the Stockholders. save as afore-
said at the annual meeting thereof, 10 be
held as herein provided; and the SAID Direct
ors Immediately after their election. shall
organize and elect from their number
President Vice President, Secretary, and
IL.
such term, and perform such duties. as shall
be prescribed by the Bylaws. The office OF
President and Treasurer may be hlled 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 quallhed.
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 Of a
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 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 eacn 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 ap-
polnted. and at any Stockholders meeting
each Stakeholder shall be entitled to one
vote for each share of stock held by him, ana
the holders or majority OF stock shan con-
Stitute quorum at Sucn meetings lor ING
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 al 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 hereinbefore provided. The
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 L. GrlDDen,
William G. Gribben, Simon l. Good, Henry
f. w Schuette ami Robert Ii. Downing. OF
whom James p Gribben shall be President
ana Treasurer, Robert ii. Downing shall be
Vice President and Henry e. 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 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 hled
| 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. GRIBBEN LUMBER co.
By JAMES z. GRIBBEE, President,
And HENRY L. w. SCHUETTE, Secretary
In presence Of
X. III. DOWNING, lCorporate oeal.I