The Oskaloosa herald., 1905-07-06

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AAd hate adopted Articles q lncofpp
fatlon, which provide A. follows. sc
viii
me name IL this corporation shall
he fsuHKAfsuOAA AND BUXTON
legltsu1niC RAILWAY COMPANY
il'e principal place Of business shall
Dc III mo City % Oskaloosa Mahnska
county, iowa.
The general nature of bAlnsss to
be transacted By said corporation
shall DO 10 acquire, own, construct
operate, lease and sell railways.streut
railways, tramways and interurban
lines 81 railway or tranways n the|
State Of Iowa, and 10 transport for
hire, passengers, baggage, mall, ex'|
press, freight, produce. etc.
TO acquire, own. construct, operate,
lease and sell said railway cars, tram
cars, fixtures and appurtenances i'm
cident or necessary 10 the operation
thereof. and 10 operate tho same BY
electric or other power.
TO acquire, own, construct, operate,
lease and sell electric machinery and
appliances, fixtures, appliances,w wires.
poles and other fixtures or appliances
for generating, conveying, storing or
distributing electric current, energy
and whatsoever machinery. fixtures,
apparatus or appliances that may be
necessary or convenient TO enable it
TO supply light, heat and power, gem
Grated by electricity or any suo-
stance, process or product now known
or used or that may hereafter be dis
cover /, invented or utilized for light
ing. heating or power purposes,
TO uy,acquire, take, use lease Or sell
property, real, personal or mixed. To
acquire by purchase, or proceedings
under the right Of eminent domaln,th
necessary real estate for use OK said
corporation.
TO buy, sell or lease real estate
for any and all purposes.
no acquire, purchase, hold and sell
the capital stock OF other corpora
lions, and 10 guarantee the bonds, do.
bentures, Indebtedness or divldends
Of any such corporations.
TO borrow money necessary to car
ry on It's business aid 10 secure the
came by bonds, mortgages or DEEDS Of
trust on It's property or any part
thereof
TO construct, own, lease and oper'
ate telegraph and telephone lines
10 consolidate It's properties, rights,
franchises, privileges and assets or
any part Of them, with any other cor
poration or company.
10 own, lease and operate coal
mines, stone quarries and sand pits
and to carry ON said business and do
such other things as may carry out
the objects OF this corporation, In
crease its profits or enhance the value
Of It's property.
The authorized capital stock Of this
corporation Is FIVE HUNDRED
THOUSAND DOLLARS, In shares OF
one hundred dollars each, OF wllicn
FIVE THOUSAND DOLLARS shall
be paid in when the company com.
mences business, and the balance at
such time as the Board OF Directors
shall determine. said corporation
Shall commence business June 10, A.
ID. 1905, and continue for period OF
twenty years, ana snail have power
Of renewal.
The stock OF this corporation may
be Increased upon compliance with
Section 1910 Of the Code Of Iowa. No
stock shall be issied until IL Is fully
paid for.
The affairs OF tflig corporation shall
BIO managed By Board OF Directors
consisting Of not less than seven, nor
more than twenty-five members, who
shall DO elected by and from among
the stockholders &c the annual meet.
ing on the FIRST Tuesday in June Of
each year.
At Sald election zach stockboIder
shall DO entitled 10 cast one vote for
each share Of capital stock owned BY
him, or fraction Of a vote for a
fractional share, in person or by writ
ten proxy filed with the secretary at
or before tine time the meeting con-
yenes.
Until the regular meeting In 1906,
the following named persona shall be
Directors:
II. l.. Spencer, George Kalbach, Sam
Baldauf, q. ". Lohand, W. X. Lacey,
Chas. Huber, marry ~. o'Neill, y. g.
shafer, w, w. williams and J. r..
Springfield. AT each annual meeting,
beginning with the meeting OF 1906,
the stockholders shall by resolution
direct the number OF directors for the
ensuing year, which number shall
not be less than seven nor moro than
twenty-five. and such resolutions shall
also fx the number Of directors neces-
sary for quor, q.
Special meetings OF the stockhold-
ers may be calied by the Presiden. or
wire President. or py farce of the