The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-06-30
MANKATO ELECTRIC STREET RAIL.
WAY, LIGHT AND POWER COMPANY.

BE IT KNOWN, That the undersigned with
-the int ntion of associating themselves to-
gether and forming corporation for the pur-
pose of conducting, maint aining and operating
a railway. the motive power of which shall be
electricity and electricslighting. heating and
power plant and system for public and private
use. in the usual manner, under and by virtue
of the laws of the State of Minnesota and es-
pecially under aud by virtue of Title One o. of
CHAPTER Thirty -four C34) OF the General Statutes
of 1894 of said state, and all acts amendatory
thereof and supplementary thereto, have
adopted and do hereby adopt articles of incor-
.poratiOn, follows:
ARTICLE ONE.-The corporate name of this
corporation shall be the Mankato Electric
Street Railway, Light and Power Company.
The general nature of the business of said cor
pOration shall be TO establish, survey, locate,
build conduct and operate an electric railway
within the City of Mankato, Minnesota, and
such other portions of the State of Minnesota
and of the United States as the corporation
may see fit, and to build, maintain and operate
an electric plant and system for the manufac-
turing of and to supp ly power for the operation
of such railway, and to manufacture and supply
the citizens OF said city and the public gener-
ally, with electric light heat and power. The
principal place for transactIng the business of
this corporation shall be at the City of Man.
kato and State of Minnesota.
ARTICLE TwO.-This corporation shall COM
1nence business on the 22nd day of May, 1899,
and shall continue +, period of fifty years
ARTICLE THREE The capt. al of this corpor-
alton shall be five hundred thousand dollars
$3.50, OO0.OU and shall be divided into ten thou
sand QOO1D shares of fifty dollars $4,000
each. The capital may be issued and sold at
the times. in the manner and to the amount
may De determined upon and rected by the
Board of Directors, and shah be mona sses-
sable.
ARTICLE FoUR.-The highest amount of in
debtedness to which said corporation shalt at
any time be subject shall be five hundred thou
sand dollars (S5COOo0.0O).
ARTICLE FIvE.-The names of the persons
composing this cooperation ara as follows: l..
S Lamm Charles j. Macbeth, o. W. Schmidt,
a. E. Clark. 5. Whhar,z, J. a. Hielscher, Mic.
Petersen, Henry Zimmerman JT., George P.
Hoerr, w. L. Hixon, all of whom have their
residence at the City of Mankato in the State of
Article SIx.--The government of this cor
poration and the management of its affairs
shall be vested in board of nine (9) directors,
who shall be elected by the stockholders an
nually. The first annual meeting of the stock
holders for election of officers shall be held on
the first Monday after the first Tuesday in May,
1900 at which time there shall be elected nine
(D directors, three of SAID oil ectOrS shalt be
elected for term of one year. three directors
for term of two years and three directors for
a term of three years from date of such cleo
ton, and at each annual meeting of stock
holders thereafter for the election of Off "ers
which shall occur on the first Monday after
the first Tuesday in May; there shall be elected
three directors who shall serve for a term of
three years and until their successors are
elected and qualify The Board of Directors
are authorized to fill any vacancies which may
occur in any of the offices herein provided for
ARTICLE SEVEN.-The regular meetings of
the stock olders for the consideration of the
tion of officers, may be called at such time and
place and in such manner as shall be provided
by the bylaws of this corporation, The time,
place and manner of calling special meetings
of the stockholders may also be provided by
bylaw
ARTICLE EIGHT The first Board of Direct
ors of this corporation shall consist of the fol-
lowing named persons: Leo S. Lamm, Charles
j. Mac beth, j. A, Helscher, 4, E. Clark, S.
Wilhartz. o. w. Schmidt, Mic. Petersen, Henry
Himmelman Jr., w. L. Hixon and shall hold
office until their successors are elected and
qualify.
ARTICLE NINE The officers of this corpora
tion shall be a President. Vice President
Secretary and Treasurer. and shall be annually
elected by the Board of Directors. at meeting
of such Board to be held Immediately following
the annual meeting of stock holders, held fo-
the election of directors. Until their sue
.cessors are elected and qualify:
Leo 5. Lamm, shall be President.
o. ". Schmidt, shall be Vice President
8, Wilhartz, shall be Secretary, and
Chas. J. Macbeth. shall be Treasurer
ARTICLE Ten -The directors shall, as soon
as convenient, adopt bylaws for the regulation
of the conduct of the affairs Of this corpora
tion. where the same net regulated by the
provisions of law or by the provisions of these
articles.
ARTICLE ELEvEN.-These articles may be
amended by majority vote in amount of the
stockholders of the corporation at any regular
meeting
In witness whereof we have hereunto sub
scribed our names and affixed our seals this
22nd day of MAY 1899.