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

to which this corporation shall at any time be
subject shall be The sum Of one hundred thous-
ana u0na's 'ei00. aRTioLp v.
The names and places Of residence Of the
persons forming this association for incOrpora-
ton. shall be John II. Longyear Of Marquette
county Mshigan: Russell NJ Bennett Of Deep
Snyder and Carleton q. Pillsbury. all Of Minnie
ap0lis Minnesota Article VI
| The names of the first board Of directors Of
said corporation ., are John N. LongJesr, Russell
kiehardson. Helen i; Bennett Alfred i: PMS
ehsre spury ana a Gssd n B.
The first president shall be the said John H.
me first y1ce president ,s shall be the
/ and treasurer shall be the said Russell n. Ben
lett
management Of its affairs shall be vested in
a board Of ten directors and in president. vice
ocers rsn s e
| TO time appointed by. the board Of directors;
hold their respective offices until the frst
| Tuesday of December. 1906. at which time. and
sand Of Of s
elected by the stockholders Of said corpora
to be held at the Office Of the corporation in
the City Of Minnea polis or such other place as
ately after the election Of the directors, or as
soon. thereafter as practicable the directors
the stockholders Of the corporation, president
vice president. secretary and treasurer. Any
Of Of the Ill
said offices except that OF president ana vice
same lpersen. The directors and officers of this
corporation shall Fold their respective OFFICES
eeer epen des IN case Of
vacancy in the board of directors on account OF
81 a ID sSs be essd
forty-fve t45l days thereafter and new
ssIsass4 to pe11d ssih IN ese n
vacancy in the Office of president vice prsTst-
dent secretary or treasurer caused oy de sa;i
corporation. when the board Of directors rs nlieu
as hercinabove crowded, shall fill such vacancy.
e and stockholders may be held at such times and md
1e rules as be b5 te st y
: ings of the board of directors and the STOCK.
holders of said CORPORATION shall be held t s, at
z neapolis, Minnesota, on the second Tuesday o.
D. 1900 at ten and snv eeE Feetop msy b s
at any meetns Of the board Of
directors by 4 the stockholders Of this
E By bylaw. Z =.
The o stock a e ta sSs saassd ad
sixty t2S) shares sT &c ht VIII fIars 's'0' eaVA
il No sale, asssnn nt1 transfer, hypotheeston,
pledge Or other d,ooste9 Of any stock OF ,n ns
= purpose, until there has hrst been Endorsed upon
I. The stock certificate to be anecten os sue, sacn
eher speao the
| majority Of the board Of directors of such
trasfer hypoSeeao pledge or
~ other disposition. ,,,r,c,r 1x .-.r.
h No mining lease or any interest therein
,r owned by the alton. shall ever be ny.
" sba any real estate or any interest therein
q owned by chi corporation eves be nd seer
sold conveyed or leased ff fs aRF eaati vote
ID Of the holders Ct seventy nsr cent t S R fe
oi the sey Of ssea aad
III given at regular or special meeting OF Tue
e s''eA n''oe'' ARTICLE &. "a.
10 The title to the properties belonging 70 tnls
n corporation having been prior to the trans
o oes PERSONS owning, respectively different un-
", divided interests therein, and such owners nay
inE 1sHa DIVIDED Into two
us to-wit: the heirs at law, assigns ana s
Of George Pillsbury and Margaf ana Marr
en- Pilsbury his Wife and John s. Pillsbury, all de-
ceased constituting the class kno%n as am eual
NO one.half part Of all said properties, and Rus
or sell N. Bennett and John NJ. Longyear, consti.
tuting the other of said classes who 0wned 81
Of all said proper properties 81 an Htua ts
h a said eMners of BOTH classes
- convenient handling, Improvement, development
. and disposition of said properties ana ~ p am
- an ennai voice in all matters relative to sait
Y properties, shall remain, and be maintained il
u
III 1t is hereby established as the perpetual am
undertaking rule of this corporation that one
half Of the entire board OF directors Q, IN. ana
elected to represent, each OF SAID TWO cias ~
Of former owners, 50 that, as long as TN sn
g" the stockholders. of this corporation from tn
noe csas "a and i've directors and Eve only shall
"a. be chosen by such stockholders from nominee
lso of said Bennett and said Longyear const1tuth'
~ 11fnn n1oag o. =
'"S In case a vacancy shall occur in said boart
III LOT directors, such vacancy shall be hiiea D.
i'm Va nominee Of the class by which the drecto
49, whose retirement caused such vacancy was nom
ex- mated; and until this article shall be aitere.
ire or abrogated by the vote OF the stoeknoid s
ol. directors shall be strictly maintained 50 tina
~ said ''Pillsbury Heirs and their successors y
z interest shall always be represented upon tn
me board of directors Of this corporation by one
to tors, and said Bennett and Longyear, and thei
,rt successors in interest shall always be rep
resented upon said board by one-haii OF tne na
il, mont of these Articles Of Incorporation shai
IL, l, be made changing the number Of directors, ex
AK cept to an even a nRR6eF: x1
.nS Article of these Articles cannot be altered
NY amended Or abrosated except BY the so s !.
'.'o capital stock Of this corporation actually 4
out sued and outstanding, nor can any other Al
al. by ts'e the re vote Of seVentyhve 75 cent
on the shares of the capital stock of this corport
Wv ton, actually issued and outstanding, the vol
- in every case to be taken at a regular NEE
ley ing Of the stockholders, or at a special NEE
.ha ing OF the stockholders called for that pu
80 - pose. - = -, :,
len q 5.9EE = ARTICLE XII.
~, Articles VIII and and II OF these Article
gu Of incorporation shall be printed in full upe
to and az a part of every certificate OF stos
-. issued by this corporation.
ou. ARTICLE XIII.
oh, No bylaw of this corporation embodyfng Il
- | provisions of Article x of these Articles
way Incorporation shall be altered. amended or a
red rogated except by the vote of ninety 900 p
~ cent of the shares of the capital stock OF th
AeiI corporation actually issued and outstanding,
)ut- can any other bylaw be altered or amended
- cept by the affirmative vote of seventy-hv l1
To- per cent of the capital stock Of this eorpof
am ton actually issued and outstanding, the 70
q. in every case to be taken at a regular meetii
05. of the stockholders, at special meeting
the stockholders called for that purpose.
-. In Witness Whereof, We have hereunto
'stl- our hands and seals this 26th day OF Januar
noo a. RUSSELL NJ BENNETT, Seal
OF JOHN M. LONGYEAR, (Seal)
,ted 81 ALFRED F. PuLSBURY, tSealt
FRED B. SNYDER, tSeal)
de- CARLETON c. PILLSBURY. (SeaD
this IL presence of:
y. !, J. e. Sherman,
INK Emily McNulty.
he | AS to John NJ. Longyear.
Harvey E. Coleman,
y OIL Clara B. Martin,