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

TTNHE UNDERSIGNED HEREBY ASSOCI-
Il ate themselves together and agl ee to
become corporation under and by virtue
OF the Laws of the state of Minnesota. in
such 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
socation.
ARTICLE IL
The principal place of business of this
corporation shall be Redwood Falls. Min
nesota
ARTICLE III
The object and purpose Of this corpora
| ticn and the general nature of its business
snail be buying. selling. owning. improving
and mortgaging 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; aud the i'm
provement of said Redwood Falls Lake for
purposes of navigation and for park and
bathing 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 ii is SUBJ
sCribed for in such installments as the board
of directors shall direct and order provided
that at least ten per cent. of all stock SUBJ
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. Schmahl, o. L. Dornberg,
Fred L. Warner, F. NJ. Isham. F. A. Pease
G. Fred. Thompson. 1. n. TOmpkins, &. w.
Mead and George Jaehning. all of whom re-
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 it's
affairs conducted by a board of directors,
all of whom shall be stockholders. and said
directors shall be elected by the stockhold-
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 IN
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.
DThe following named persons shall be the
first board OF directors: H. A. BALDWIN. j. A.
Schmahl. l. n. Tompkins, Fred L. Warner
and F. M. Isham.
ARTICLE TX.
The officers of this corporation shall be
a president. vice-president. secretary and
treasurer, who shall be elected annually by
the board of directors from among their
own members 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 vice -presi-
dent, I. N. Tompkins secretary and G. w.
Mead treasurer.
Vacancies in any office shall be filed 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