The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1903-06-03
RRTIGLEs OF INCORPORATION
OF THE
Redwood Falls Lake, Park
and Boat Association.

YNHE UNDERSIGNED HEREBY ASSOCI-
= ate themselves together and agree tc
become corporation unders and by virtue
OF the laws Of the state of Minnesota. III
sucn case made and provided, and to that
end have adopted and agreed to and hereby
sign the following articles of association
and incorporation:
ARTICLE l.
The name of this corporation shall be
the Redwood Falls Lake, Park and Boat AS
ISOLATION.
ARTICLE II.
The principal place of business of this
corporation shall be Redwood Falls. Min
nesota.
ARTICLE III.
The object and purpose of this corpora
tier and the general nature of it's buSlness
shall be buying. selling, owning improving
and mortgaglng lands: to establish. operate
and own boats and other water craft TO be
let for hire. and for carrying passengers for
compensation BY boat; for the erection and
maintaining of boat and bath houses and
the establishment of parks on Redwood Falls
Lake and on Redwood river; and the i'm
purposes of navigation and for park and
Dathlng purposes.
ARTICLE ".
This corporation shall commence on the
18th day of June, a. D. 1903, and continue
Tor period of twenty years
ARTICLE V.
The amount of capital stock of this corpo-
ration shall be limited to and is liked at the
sum of ten thousand dollars, divided into
one hundred shares of one hundred dollars
each. At least forty per cent of said CAPT.
tai stock shall be subscribed and paid up be-
fore this corporation commences business,
and the balance shall be paid after it is sub
scribed for in such instaliments as the board
OF directors shall direct and order. provided
that at least ten per cent. of all stock sub
scribed for. after the said forty per cent. is
subscribed and paid. shall be paid at time of
subscription.
ARTICLE VI
The highest amount of Indebtedness or Ii
ability to which this corporation shall at
any time be subject or incur shall be five
thousand dollars.
ARTICLE VII.
The names and place of residence of the
persons entering into this association and
forming this corporation are as follows: H.
A. Baldwin, j. A. Schmdhl, o. L. Dornberg
Fred L. Warner, F. M. Isham, F. A. Pease.
Q. Fred Thompson. 1. N. Tompkins, q. W.
side in the city of Redwood Falls, Redwood
county, state of Minnesota
ARTICLE VIII.
This corporation shall be managed and
governed, its business transacted and all its
affairs conducted by board of directors.
all of whom shall be stockholders. and said
shall be elected by the stockhold-
ers by ballot annually, on the first Tuesday
after the first Monday in March of each
year after the year 1903. and shall each
hold his Office for term of one year and un
til his successor shall be elected and shall
have accepted the office.
Said board shall have power to employ an
attorney when they shall deem it necessary.
and may adopt all rules and regulations
which they may deem necessary in the man
agement and conduct of the business of this
corporation and for the government of the
board of directors, not inconsistent with
these articles.
Q The following named persons shall be the
first board of directors: H. A. Baldwin j. A.
Schmahl. |. N. Tompkins, Fred L. Warner
and F. M. ISham
ARTICLE TX.
The officers of this corporation shall be
a president. ce-preSident. secretary and
treasurer, who shall be elected annually by
the board of directors from among their
own menu ers Immediately after the annual
election of the directors.
The following named persons shall be the
officers of this corporation and shall serve
until the annual election of 1904. viz: H. A.
Baldwin president, E. A. Pease ce-presi-
dent. I. N. Tompkins secretary and G. w.
Mead treasurer.
Vacancies in any ONCE shall be filled by
The board of directors at any meeting there
Of, regular or special. and each appointee
shall hold his office until the next annual
election.
In witness whereof we have hereunto set
Dur hands and affixed our seals this 14th day