The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1902-01-17
ARTICLE M
This corporation shall begin on January Goth,
lsoe and shall continue for thirty (3o) wears. l

~ SosVO1AsAO0 q OSkt0 on January 80tb,
lsoe and shall continue for thirty (so) years.
ARTICLE Nv. "
The amount Of capital stock OF this corpora
ton shall be Fifty Thousand Dollars O6o, 0oO),
divided into Five Thousand 5000 shares Of
Ten Dollars Ol0) each. but this corporation
may transact business and 90 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 labil-
ity to which said corporation shall at any time
be subject shall be Fifty Thousand Dollars
150.OoO)
ARTICLE vi.
The names and places Of residence of the
incorporators of said corporation are as fol-
lows:
C.E. Bailey. Eveleth. Minnesota
A.. G. Osborn, Eveleth. Minnesota .
F. A. Coney. Virginia. Minnesota
D. ". Freeman, Virginia. Minnesota
r. B. Freely. Virginia, Minnesota. .
ARTICLE VII. $
The government OF this corporation shall be
vested In q board OF five directors and the fol
lowing officers to be elected by said boaj6:
President. Vice President. Secretary aho
Treasurer. The term OF office OF such officer
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 thu
regular annual stockholders meeting. The
Board Of Directors shall have full power t
transact and manage the affairs of the corpor-
alton and shall have fun power to enact sucL
bylaws as may in their judgement be proper
Tor the management OF the corporation. The
Offices OF secretary and treasurer may be he'll
oy the same person at the same time and. If
the directors see fit, they may elect persons t.
these positions not members OF the Board O
Directors. The following named persons shall
constitute the first Board OF Directors: C.E
Bailey. A. c. Osborn. P. A. Cohey. 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 corporations:
c. E. Bailey. PRESIDENT: b. W. Freeman, vice
president; A: c. Osborn. secretary and treas
urer, Tie regular mountaineering of the cor
Observation-Disclosures be held In the city O
Virginia. on the first Monday in February l.
each year.a 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 c. E.
C.. E. BAILEY. (srA1]
: ". = d: Rogers BORN %r9n snd B as W 70 r4 a; q: u.s.
4 4 6 6; ossosN: {ssAI}
r. Zimmerman Witnesses as to P: A. Coney
n ChrfatOnhRr { and u n Eroolrv
+ ( 4 f. F eers5y. Sc.
State Of Minnesota, | @
County OF st. Louis. 3D.
On this 18th day OF December. 1901, appeared
before me personally. G. z. Bailey to me known
to be one OF the persons who executed the
foregoing Articles OF Incorporation and &C.
knowledRed that he executed the same as his
free act and deed.
J.E. KL1NrwORTH,
(sxAL] Notary Public. st. Louis Co.. MINI.
State Of Minnesota. "a @
County Of St. Louis. .
On this Fist day OF December. 1901. appeared
before me personally A. c. Osborn and d. w.
Freeman. to me known to be two OF the per-
sons who executed the foregoing Articles OF
Incorporation and each acknowledged that
he executed the same as his free act aud deed.
- At j. y. MC3lVery,
tsnAL] Notary Public, st. Louis Co.. MINI.
State OF Minnesota. g q
County OF st. Louis. &"
On this 2lst day OF December, 1901. appeared
before me personally p. A.. Cofley and r. B.
Freely. to me known to be two of the persons
who executed the foregoing Articles Of Incor-
poration and each acknowledged that he ex-
ecuted the same as bis free act and deed.
D. G. Christopher.
NOTARY Public.
lsEALJ st. Louis Co..
Mfnnesot o.
Office OF Register Of Deeds.
STATE OF MINNESOTA. County OF Saint
Louis. IS.
thereby. certify that the within instrument
was fled in this Office for record December q,
1901 at l p. m. and was duly recorded In book
S OF Misc. sc. A, LOFoR1N..
Register OF Deeds.
BY THos. CLARK. Deputy.
STATE OF MINNESOTA. Department Of
State.
thereby certify that the within instrument
was fled for record in this office on the 3lst
day OF Dec. A. D, 1901 at 10 o'clock q. m. and
was duly recorded in book b 8 OF Incorpora-
lions on page III.
F. e. HAN8ON,
Coorotory ~ C<o>4