Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1892-03-04
ARTICLES OF INCORPORATION
Organization for Lease and Transfer
Of Tide Lands and Other Property.

Notice is hereby given that we, A..
ii. Chambers, o. C. White, w. T. Me
Donald, q. A. hoffman and J. W. Rob
inson, citizens of the United States,
residents and electors OF and within
the State of Washington, do hereby
form ourselves into corporation, and
do hereby adopt the following articles
of incorporation:
ARTICLE l.
The name of this corporation shall
be The Olympia Improvement Com
pany."
ARTICLE II.
The principal place of business and
office OF said corporation shall be at
the city of Olympia. Thurston county,
State of Washington.
ARTICLE III.
The capital stock of this corpora
ton shall be fifty thousand dollars
($50,OOOO divided into five hundred
600 shares of the par value of one
hundred dollars each.
ARTICLE ".
The object and purposes OF this cor
poration are and shall be as follows:
To purchase, receive hold, improve,
mortgage, lease and transfer tide lands
and other property in and around the
city of Olympia and Thurston county,
for the purpose of encouraging and de-
veloping the manufacturing, shipping
and general commercial interests OF
the city OF Olympia and Tburston
county, and to donate under proper
restrictions and guarantees such por-
tions of the tide lands and other prop
erty, as aforesaid acquired. to any
persons or corporation desiring to en-
gage in manufacturing or other COM
mercial pursuit within said city or
county, the quantities of such proper.
ty to be donated to be governed by the
kind of mandatory, the extent and
future value of the enterprise guaran-
teed and the size of its weekly payroll.
To secure the cooperation of the city,
State and National Government in
converting the mud flats in front OF
and near Olympia into deep water
navigable harbor; to revive the ship
ping interests Of the city and county
and TO do all other things necessary
to accomplish aud carry into effect
the purposes of this organization.
ARTICLE V.
The officers of this corporation shall
consist of president, vice president,
secretary, treasurer and a board o.
trustees, the latter consisting of five
members, all of whom shall be stock
holders in said corporation.
ARTICLE VI.
The following named persons: A
II. Chambers, o. c. White, w. Il. Nc
Donald, G. A. hoffman and J.. W
Robinson, are hereby designated ant
appointed the trustees of this corpora
ton, who shall manage the concerns
OF the company for period of 81,
months from the date of the execution
OF these articles, who shall meet anC
elect president, vice president, secre
tary and treasurer within ten days
after they have been qualified as sucl
trustees.
| ARTICLE VII.
Hereafter the trustees shall b,
elected annually on the first Monda,
of September of each year for a tern
OF one year, and all trustees and OF
ticers shall hold their respective office
until their successors are elected an,
qualified. The election of trustee
shall be by majority of stockholders
each individual stakeholder being en-
titled to one vote and no more, II,
matter how many shares of stock tn
individual may hold.
ARTICLE VIII.
The duties of the president, vic
president, secretary and treasurer shall
be those usually belonging to such OF
fees i'll similar corporations.
ARTICLE IX.
The powers of this corporation shat
be vested in and exercised BY tn
board of trustees hereof through it
respective officers, as such trustee
} may direct.
ARTICLE X.
The time of the existence of thi
corporation shall be twenty wears.