The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-16
Leaders


and officers Of this corporation shall hold their
respective offices until their successors have been
In case Of q vacancy in the board of directors
ION account OF death, resignation or removal, a
special meeting Of the stockholders shall be
called within forty five (45) days thereafter and
new director elected to fill such vacancy in
the manner hereinafter provided. In of
vacancy in the office Of president, vice president
secretary or treasurer, caused by death, resigna.
ton removal, the directors of said corpora
ton, when the board of directors is filed here
1nabove provided shall fill such vacancy. Regu-
lar and special meetings Of the directors and
stockholders may be held at such times and under
such rules as may be prescribed by the bylaws
the board Of directors and the stockholders Of
said corporation shall be held at the office Of the
corporation in the city of Minneapolis, Mime
at ten and eleven o'clock in the forenoon, re.
spectively. Any director may be represented at
any meeting Of the board Of directors by proxy
If the stockholders of this corporation shall
authorize such representation by bylaw. Z
....;..-%,.. ARTICLE VII. ~
The capital stock of this corporation shall
/ be divided into two thousand one hundred and
| sixty (2,16ol shares Of Fifty Dollars ($5o)
I each. .. T1#:...-.
49, ARTICLE VIII.
No sale, assignment transfer, hypothecation,
pledge or other disposition of any stock in this
corporation, shall be valid or efectual for any
purpose, until there has first been endorsed
such sale, assignment, transfer, hypothecation,
pledge or other disposition, the approval or con-
sent of majority .of the Board of Directors
Of such corporation, sitting Board, to such
sale, assignment, transfer, hypothecation, pledge
or other disposition
ARTICLE TX.
! No mining lease or any interest therein owned
by the corporation, shall ever be hypothecated,
| sold, assigned or transferred, nor shall any
real estate or any interest therein owned by
this corporation, ever be mortgaged, sold, con.
veyed leased for period longer than one
year, except upon the affirmative vote Of the
holders Of seventy-nve per cent (75 per cent?
poration actually issued and outstanding, giver
Lat regular or special meeting OF the stock
holders:
ARTICLE x
The title to the properties belonging to this
corporation having been, prior to the transfer
thereof to the corpora ton, vested in yartou:
persons owning, respectively, different undivided
1 interests therein, and such owners having been
at the time of such transfer to the corpora
the heirs at law, assigns, and deyisees o.
George A. Pillsbury and Margaret 8. Pills
bury, his wife, Charles A.. Pillsbury and Mar.
i A. Pillsbury, his wife, and John s. Pillsbury
all deceased, constituting the class known a.
1.-THE Pillsbury Heirs" who owned collective
4 " an equal one-half part Of all said properties
and Russell NJ Bennett and John NJ. Longyear
constituting the other of said classes, who owne
Las tenants in common the other undivided one
half Of all said properties; and this corpora
Etion having been formed, by mutual agree
ment Of all said owners Of both classes, 70
the more convenient handling, Improvement
development and disposition Of said proper
ties, andsit being the desire and intention o
] all said OWES that an equal voice, in al