The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1902-01-24


4 tleles q lscsepsratlea of Peoples
rsleDaeae 40 Telegraph Company.
In order 70 become corporation under and
By virtue Of the laws Of the State 81 *Minneso.
u. ~ provided under Chapter "a. Title I. Of the
General Statutes of the State OF Minnesota
for 1894 and al acts amendatory thereof and
supplemental thereto the undersigned have
adopted and executed the following articles OF
ARTICLE 1. -. 81 IS
The name Of this corporation shall be .'Peo-
pies Telephone and Telegraph Company" and
It's location and principal place Of business
shall be at the City of Virginia. Saint Louis
County. Minnesota.
ARTICLEI1
The purpose and general nature of the bust
ness Of this corporation shall be to buy, lease.
sell. own. erect operate and maintain tele-
phone and telegraph liues. systems. plants and
exchanges In the State Of Minnesota and
sary grants. franchises and permits, for that
purpose. and to acquire the right OF way for
such lines and plants and for tAe purpose OF
carrying on such business to erect poles. wires,
suteways. conduits and such other appliancesas
may be either necessary or Convenient; Is
purchase. lease. sell, mortgage or otherwise
acquire or dispose Of the same or any part
thereof aud generally to carry on and conduct
a nA 49,
uaaintain aud operate . telephone ana tele-
grsph system or systems and TO establish con.
nections between the same and other tele-
phone and telegraph lines or systems. includ.
INK long distance lines - the business OF this
corporation may require. also to deal IN ma
terisl and appliances Of al sorts used In the
telephone or telegraph business and to con-
struct telephone and telegraph lines and ex-
changes for others.
ARTICLE III
This corporation shall begin on January 10th.
laoe and shall continue for thirty (aO years.
ARTICLE1V.
The amount of capital stock Of this corpora
ton shall be Fifty Thousand Dollars (&5O,000).
divided into Five Thousand (5.000> shares of
Ten Dollars (3l0) each. but this corporation
may transact business and 60 into operation
when One Thousand U.OOO shares shall have
been subscribed. The subscriptions for stock
shall be paid in as called for by the board Of
directors.
ARTICLE v.
The highest amount of Indebtedness or liabil-
ity to which said corporation shall at any time
be subject shall be Fifty Thousand Dollars
N50O00)
ARTICLE W.
The names and places of residence OF the
incorporates of said corporation are as fol-
lows:
e. E. Bailey. Eveleth. Minnesota
A. c. Osborn, Eveleth. Minnesota
P. A. Corey. Virginia. Minnesota
D. w. Freeman. Virginia, Minnesota
r. B. Freely. Virginia. Mnnesota.
ARTICLE VII.
The government of this corporation shah be
vested In board OF five directors and the fol-
lowing officers to be elected by said board:
President, Vice President Secretary and
Treasurer. The term of Office of such officers
shall be one year but any Of them may be re
moved at any time by the board OF directors.
The board OF directors shall be elected at the
regular annual stockholders meeting. The
Board OF Directors shall hsve full power to
transact and manage the affairs Of the corpor-
alton and shall have full power to enact such
| bylaws as may IN their judgement be proper
| for the management of the corporation. The
Offices OF secretary and treasurer may be held
BY the same person 1T the same time and. IL
the directors see dt. they may elect petsons to
| these positions not members OF the Board OF
! Directors. The following named persons shall
constitute the first Board Of Directors: c. r.
Bailey. A. G. Osborn. p. A. Codey. D. w. Free
| man and r. B. Freely, and until their success
sors shah be qualified the following named per
sons shall be the officers of the corporation:
G. e. Bailey. president: D. W. Freeman. vice
president; A: G. Osborn. secretary and. treas
urer. The regular mountaineering Of the cor:
Observation-Disclosures be held in the city Of
Virginia on the trst Monday In February In
each year.at such hour as the Board OF Di-
rectors may FIX by bylaws.
IN WITNESS WHEREOF we have here
unto set our hands and seals this 18th day OF
| December. 1901.
In presence Of:
Elizabeth D. Bailey Witness as to G. E.
J. E. Klint worth }Bailey.
c. E. BAILEY. (sRAL)
l. G. MS SGmsea Witnesses az to a; c: os-
A. G: OsBoRN. {sRALl
D. w. FREEMAN. tB1AL]
H. Zimmerman Witnesses as to F. a. Coney
D. Christopher and r. B. Freely.
P. A. COTFEY. (sEALl
r. 3. FREEDY. (SEAL]
State OF Minnesota. G
County of St. Louis. o. D.
On this 18th day of December. 1901. appeared
| before me personally. G.. E. Bailey to me known
| to be one of the persons who executed tho
foregoing Articles OF Incorporation and &C.
knowledRed that he executed the same as his
! free act and deed.
| J: F, KL1NTWVRTH,
tsEAL] Notary Public. St. Louis Co.. Mum.
| County of St. Louis. - D
On this 2lst day OF December, 1901. appeared
| before me personally A. c. Osborn atld %. w