The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-26
STEEL N MERGER A FACT
OFFICIAL STATEMENT EXPECTED
TIC BE ISSUED TODAY BY j. II.
MORGAN & co.
Continued from First Page

Of any corporation formed for Or here.
tofore engaged in pursuing any one or
more of the kinds of business, purposes,
objects or operations abQve indicated,
any kind herein mentioned; or of any
corporation owning on holding the stocks
or the obligations of ,gany+ such corpora
ton.
To hold for investment. or otherwise
to use, sell or dispose of any stock, bonds
or other obligations of any such other
corporation; to aid in any manner any
corporation whose stocks ? bonds or other
obligations are held or are in any man
her guaranteed by the company ana to
do any acts or things for the preserva~
ton, Improvement or enhancement Of the
value of any such stock. bonds or other
Cbliga ton. or to any acts or things de-
signed for any such purpose and while
owner of any such stock, bonds or other
obligations, to exercise all tho rights,
powers and privileges of ownership there
of ard to exercise any and all voting
power thereof.
The total authorized capital stock of
the corporation is $1,000, divided into thlr-
ty shares, of the par value of $100 each.
OF such total authorized capital stock,
fifteen shares, amounting to $1,000, shall
be preferred stock, and fifteen shares,
amounting to $3.50. shall be common
stock.
5. The names and postoffice address of
the incorporates are as follows: Charles
c. Cuff. 81 Newark street. Hobol1en, N
HobolIen, n. j.; Charles MacVeagh, 81
Newark street, Ioboken, n, j.
6. Duration of the corporation shall be
perpetual.
Z. The number of directors of the com
pany shall be fixed from time to time
by the bylaws. but the number. if fixed
at more than three, shall be some multi
pie of three.
The board of directors shall have power
from time to time to fix and to determine
and to vary the amount of the working
capital Of the company, and to direct and
determine the use and disposition of any
surplus or net profits over and above the
capital stock paid in and in its discre-
ton the board of directors may use and
apply any such surplus tor accumulat ed
profits in purchasing or acquiring its
bonds or ether obligations or shares Of
its own capital stock to 'such extent and
in such manner and upon such terms as
the board of directors snall deem eXpe-
dent, but shares of ouch capital stock
SO purchased or acquired may be resold
unless such shares shall have been re-
tired for the purpose of decreasing the
company's capital stock, as provided by
law. -r3u
STOCKHOLDERS NOT IN IT.
The board of directors from time to
time shall determine whether. and To
what extent and to what time and places
and under what conditions and regu.a-
tons the accounts and books of the
corporation or any ofsthepl, shall be open
to the inspection of the stockholders, and
nc stockholders shall have any right to
inspect any account Or book or document
of the corporation except as conferred
by statute or authorized by the board
of directors or by resolution of the stock
holders.
Subject always to bylaws made by the
stockholders, the board of directors may
make bylaws and from time to time,
may alter, amend or repeal any bylaws /;
but any bylaws made by the board or
directors may be altered or repealed by
the stockholders at any annual meeting
or at any special meeting, providing no.
tiee of such proposed alteration or re-
peal be included in the notice of th4
meeting.