Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1892-11-04
ARTICLES OF INCORPORATION .
Peoples Gas and Electric Company
LITTLE FALLS, MINNESOTA.

We. the undersigned do hereby associate
ourselves together forthe purpose Of forming
under the provisions OF Title Two
~ of chapter thirty-four 80 of the general
acts and part Of acts amendatory thereof and to
that end do hereby adopt and subscribe the
following Articles Of Incorporation,
r. ARTICLE l.
]. The name of said corporation shall BE- the
Peoples Gas and Electric Company Of Little
Falls, Minnesota" e., 49,.
II. The general nature of its business shall
he the erection, maintaining and operation IF
Gas and Electric works to manufacture.
generate, SELL furnish and supply electricity,
for
and mains and to erect poles and string electric
wires; to own, lease. sell, operate and maintain
street railways and other railways; to carry on
any and all business IN any wise appertaintng
to or connected with any of the foregoing; to
manufacture and repair, sell or otherwise
dispose Of any and all kinds of apparatus and
going; to lease, purchase hold. sell, convey mort
gage and exchange real and personal property of
every kind and description, contracts, letters
patent. patent rights, Inventions. processes and
contrivances; to mortgage any part Of. its real
estate or personal estate with or without its
franchises to secure the payment of any debts.
9bligations incurred by it in its business as its
incur debts and liabilities and issue its bonds
and obligations therefor, to such amounts mot
exceeding III the aggregate the limit hereinafter
fxed) at such rates and upon such terms as the
Board of Directors may from time to time
as above provided. #
acting the business of this corporation shall be
at the city of Little Falls, in the county of
Morrison, State of Minnesota, and in such other
place or places as Its Board of Directors may
from time to time determine.
ARTICLE II.
The time for the commencement OF said
corporation shall be the 9Th day of November,
A. D. 1892, and its period of continuance shall
be thirty 3O years from said date.
ARTICLE III.
Tho amount of the capital stock of this
(s500O0.), and the same shall be paid in at
such times and in such manner as the Board of
Directors Of this corporation may designate.
ARTICLE ".
The c .pital stock of this corporation shall be
divided into five hundred $500 shares of he par
value of one hundred dollars $4,000 each.
ART1CLE.V.
The highest amount of Indebtedness or
liability to which this corporation shall at any
time be subject shall be fifty thousand dollars
(s5O,0O0)
The names and places of residence of the per-
sous forming this corporation, are as follows:
p. ii. Gross, j. G. Flynn, C. J. Haines John
Wetzei. John Nestor. Julius W. Berg and John
IL Rhodes. all OF Little Falls in the County OF
Morrison. Minnesota.
ARTICLE VII.
l. The government of this corporation and
the management of it's affairs shall be vested in
q board OF seven directors, each OF whom shall
be q stockholder and in the following officers
viz 4 president, vice president, secretary and
treasurer. and such other officers and agents az
| the board from time to time may appoint.
2, The directors shall be elected at the annual
| meeting OF the corporation on the second Tues
day in October in each year.
g. The officers of this corporation shall be
| elected annually by the Board Of Directors al
their first meeting each year, which first meet.
ing shall he held immediately after the annual
| meeting OF the stockholders
4. The said officers and each and all Thereof
shall be directors, and their term of Office and
| the term Of office OF the directors shall be one
year, and until their successors are duly elected
and qualified.
S. The names of the first Board OF Directors
OF this corporation are p. H. Gross, j. C. Flynn
c J. Haiues, John Wetzel, John Nestor, julius
hold office until the first annual meeting in Octo
Der. 1893, and until their successors are duly
elected and qualified
6. The names OF the first officers of this cor
poration are P. H. Gross, president; J. e. Flynn
vice president; C. j. Hanes, secretary; John
Wetzel, treasurer and they shall hold Office until
the first meeting of the Board Of Directors held
after the annual meeting in October, $685. and
until their successors are elected and qualified
| hands and seals this 2sth day OF October, A. D.
1892,