The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-17

AL. Februar
other disposition, the approval consent OF a
majority OF the Board Of Directors OF such cor
signment, transfer hypothecation. pledge Or
other disposition.
No mining lease or any interest therein owned
by the corporation shall ever be hypotnecated.
sold, assigned or transferred. nor shall any
real estate any interest therein owned by this
corporal ton be nortgaged, sold. conveyed or
leased for period longer than one year. except
en nt per cent (75 pei, cent? Of the shares
Of the capital stock of the corporation actually
issued and outstanding, given at regular or
s,s.,'1s "a ARTICLE X.
The title to the properties belonging to this
thereof to the corporation. vested in various
persons owning respectively different undivided
Interests therein and such owners having been .e
divided into two general classes, to-wit, the
heirs-at-law, assignsssand deyisees OF George A.
Charles A. Pillsbury and Mary A.: Pillsbury,
his wife, and John s. Pillsbury, all deceased,
constituting the class known as The Pillsbury
| Heirs" who owned collectively an equal one
half part of all said properties, and Russell
NJ. Bennett and John NJ. Longyear, constituting
| the other of said classes who owned as tenants
said properties; and this corporation having been
! formed, by mutual agreement Of all said owners
Of both classes for the more convenient hand
! ling, improvement, development and dis
Ing the desire and intention Of all
said owners that an an, equal Voice sa IN al
main and be maintained in the future in said
| two classes: -s -. - ~ i
| undertaking rule of this corporation that one
half Of the entire board of directors of this
corporation shall always be nominated by and
elected to represent each of said two classes of
former owners, that, long the whole
number Of directors shall be ten, five directors
and five only. shall be chosen by the stockhold,
f'"The Pillsbury Heirs constituting one class
and five directors and five only. shall be chosen
by such stockholders from nominees OF said Ben
nett and said LOngyear, nst1tuting the Other
class.
In case vacancy shall occur in said board
of directors, such vacancy shall be filed by
nominee Of the class by which the director
whose retirement caused such vacancy was nomi
mated; and until this article shall be altered O.
by the vote of fe
equal division numerically Of said board o
directors shall be strictly maintained, so tina
said "Pillsbury Heirs and their successors II
} interest shall always be represented upon tn
board of directors of this corporation by one
, half Of the full authorized number OF directors
eessors in interest shall always be represente
upon said board by onehalf Of the full author
Of these articles Of incorporation shall be mad
! changing the number OF directors, except TO a
even number.
Article x. of these articles cannot be altered
t amended or abrogated except by the vote G
ninety (eO) per cent of the shares Of the capltt
:. | stock Of this corporation actually issued an
! outstanding, any other article be altered
amended or abrogated except by the vote {
seventy-ive (75) per cent Of the shares OF tt
capital stock of this corporation, actually issue
and outstanding, the vote in every to
:. taken at regular meeting of the stockholde1
: or at special meeting Of the stockholders Gale
t ARTICLE XIII
Articles VIII. and x. and XII. of these art
cles Of Incorporation shall be printed in fu
Y upon and as part Of every certificate of stot
issued by this corpora ton. -
, | ARTICLE XIII. -.
}. No bylaw Of this corporation embodying tt
q provisions Of Article K. of these articles
- Incorporation shall be altered, amended or abr
II gated except by the vote of ninety (9o) per &c
It Of the shares Of the capital stock of this &C
t. poration actually issued and outstanding, n
~ can any other bylaw be altered amend
70 except by the affirmative vote Of seventy-f
ID (75) per cent of the capital stock of this CT
IT poration actually issued and outstanding, t
n vote in every to be taken at regul
~ meeting of the stockholders, or at spec
Is meeting Of the stockholders called for til
r. purpose. 49,
In witness whereof we have hereunto set q
4 hands and seals this 2eth day Of January, A.
1906
7, JOHN NJ. ,LoNGYEAR, (seai)
- ALFRED F: PILLsBURY, iseall}
" FRED B. SNYDER, (Seal)
II ~ CARLETON c. PILLsBURY. (seal)
In presence of:
J. e. Sherman,
5t..-" AS to John NJ Longyear.
Harvey 3. Coleman, 49,
Clara B. Martin,
AS to all other signers.
STATE OF MICHIGAN, - g. 3. ~ r.
!, County of Marquette
i On this 26th day Of January, AID. 1906
= fore me, notary public, within and for 8
county, personally appeared John N. Longye
b to me known to be the person mentioned In
who executed the foregoing instrument,
acknowledged that he executed the same as
free act and deed JAMES E. SHERMAN
(Notarial seal.) Notary Public,
. Marquette County, Mich
County Of Hennepin-ss.
m On this 9th day of February, AID. 1906,
,ro fore me- notary public within and for
ory Alfred F. Pilisbury Fred B. Snyder and earle
ody G. Pillsbury, to me known to be the persons n
ing toned in and who executed the foregoing ms
ment, and acknowledged that they executed
same as their free act and deed.
the HARVEY e. COLEMAN.
(Notarial Seal.) Notary Public,
ng, My commission expires May 1, 1872 g.,
ali STATE OF MINNESOTA, -
ngs Office Of Register of Deeds,
County of Hennepin.
usi, l hereby. certify that tho within instrun
. day of February, AID 1905, at 8 o'clock p
and duly recorded in Book 1OS Of Nj
cor page -. GEO. G. MERRILL,
oru- Register of Deed
nee By A. W. Skop
$. Deputy Register Of Deeds.
rpo- STATE OF MINNESOTA
and Denartmen+ nf Stata
~ hereby certify that the within instrun
line dav ~ TohrnorS n ,one ~ o,n,oo1r -
and was duly recorded in Book L3 of Incorp