The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-03
ARTICLE

ARTICLE !.
-. The name of this corporation shall he
the otter Tail Boom Company"
The general nature of ITS bus,nass .bo1,
Pc pc: The Improvement of the Red River Of
t tne North Tor Otter Tail River and its
ty Wipnasot between ETazee, Becker Coun-
county and State; the driving and handling
OF logs thereon, and the construction. main
other structures and Observation-Disclosures as
may be necessary or convenient in its busi
ness ness and In general, the performance OF
such acts and the exercise of such now
ers. rights and privileges as are eutbor P1@5
by the laws OF this State above referred to.
me, me principal place Of transacting the
BUSINESS pushes OF this corporation shall be Frazee,
Decker county, IN the State of Minnesota.
ARTICLE II.
The time Of commencement of this cor
Poraton shall be the first day of Decen1-
Der, A. D.. 1897, and the period of its CON
tinuance shall be fifty (5O) years
ARTICLE III.
The amount of capital stock Of said
corporation shall be Ten Thousand Dollars
lSl9oOV. and shall be paid in at such times
and in such amounts as the Board Of 6irac1
tors shall determine
ARTICLE w.
The names and places of residence Of
s sne persons forming this corporation are az
Thomas Mqnroe residing in Muskegon,
State of Michigan; Ray W. Jones, John b.
Atwater. Angus c. Braden and Wallace n
DAVIS all OF Minneapolis, State of Minne-
sofa.
ARTICLE VI
The government of said corporation and
the management of it's affairs shall be vest
cd In a Board Of Five 90 Directors who
snaII De elected by the stockholders of this
corporation, from their own number, at
on the first Tuesday In April OF each year,
ana such officers and agents as said Board
OF Directors shall select or appoint.
me names and places of residence OF
the first Board of Directors are: Thomas
Munroe' Ray W. Jones, John B. Atwater,
angus &. Braden and Wallace H. Davis
dent, the said Ray w. Jones shall be
Treasurer, the said John b. Atwater shall
be Secretary, and the said Angus G. Brad
en- shall be Vice President.
The Board of Directors above named
snail mold their office until the first annual
election In the year A. D. 1898, and there
hold their office for the term of one %
year and until their successors have been
guy GUY elected and have entered upon the
discharge of their duties
The directors Of this corporation shall be
elected by majority vote of the stock
holders, and at all elections each stock
son or by proxy. for each share of the capt.
tai stock OF this corporation standing In his
name on the books OF the company at the
time Of such election.
In case of vacancy occurring in the Board
Of Directors or of any other office hereby
established the same shall be filled by the
Board Of Directors until the next annual
meeting.
At the first regular meeting of each
Board OF Directors, after the annual election
thereof, there shall be elected by said
Board OF Directors from among their number
President and Vice President, Secretary
and and Treasurer; but one person may hold
any Two OF said offices, except those Of
President and Vice President.
The Board Of Directors may appoint a
manager and such other officers and agents
as said Board Of Directors may deem
necessary to transact the business of the
corporation, provided that all officers and
agents may be removed by the Board Of
Directors at any time In their discretion
II for any reason there shall be a failure
to elect directors by the stockholders or
to elect or appoint officers or agents by
the directors upon the days or at the meet
ings above herein specified for such cleo
lions or appointments, such elections ap-
pontments may be held or made at any
adjourned meeting OF such annual meeting,
or at any subsequent regular meeting or
special meeting of said stockholders or d.
rectors, to be called and held in such man
ner and at such times as the bylaws may
prescribe.
The stockholders Of said corporation may
also adopt such bylaws (not inconsistent
with these articles) as they may deem
Of the affairs Of the corporation. and the
bylaws may prescribe for the forfeiture of
the stock Of any stockholder who shall neg
lect to pay any installment his stock
after such notice shall have been given az
the bylaws may direct.
ARTICLE VII.
The number and amount Of shares of the
capital stock OF this corporation shall be
One Hundred Q0O) shares of One Hundred
Dollars (s1GO each.
In witness whereof we the undersigned,
have hereunto set our hands and seals this
first day Of December A ID. 1897.