The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-06-25

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carry out the foregoing powers and
objects of said Corporation herein
stated and implied.
ARTICLE III
The time of the commencement of
this Corporation shall be July 1st,
1880, and the period of its duration
shall be for the period of thirty
years. The names, and places and
residence of persons forming this
Corporation are as follows:
w. G. M. SMITH,
Redwood Falls, Minnesota;
J. A. BAIKIE,
Redwood Falls, Minnesota;
R. H. SMITH,
Redwood Falls, Minnesota;
H. NJ. LAMBERTON,
Redwood Falls, Minnesota;
ARTICLE w
The management of the affairs of
this Corporation shall be vested in a
Board of Directors of not less than
three nor more than nine, who shall
be elected by the stockholders at their
annual meeting and shall hold their
office for one year, and until their
respective successors shall have been
elected and enter upon their duties.
Immediately after their election the
said Board Of Directors shall elect
from their number a President and
Vice-Fresident of said Corporation
and a Secretary and Treasurer, who
may or may not be a director, who
shall hold their respective offices until
the next annual meeting of said Cor
poration, and until their successors
are elected and enter upon their
duties. The President of said Cor
poration may also hold the office of
Treasurer Of said Company. Any
vacancy of said Board of Directors
shall be filled by the remaining Board
of Directors until the next annual
meeting of the stockholders and at
all meetings of said stockholders a
majority shall constitute a quorum
to do business, but less number may
adjourn from time to time.
ARTICLE V
The Annual Meeting of the Stock
holders of this Corporation shall be
held at it's place of business in the
City of Redwood Falls, in the County
of Redwood and State of Minnesota,
on the second Tuesday in the month
of July of each year, at eight o'clock
P. NJ, of said day. The names and
addresses of the first Board of Direc-
tors are as follows:
w. G. M. SMITH,
Redwood Falls, Minnesota;
J. A. BAIKIE,
Redwood Falls, Minnesota;
r. H. SMITH,
Redwood Falls, Minnesota;
H. NJ. LAMBERTON,
Redwood Falls, Minnesota;
of whom w. G.. M. Smith shall be
President and Treasurer, and j. A.
Baikie, Vice-President. II. NJ. Lam
bertOn will be the first Secretary of
said Corporation, and said Board of
Directors and officers shall hold office
until the first annual meeting of said
Corporation and until their successors
are elected and enter upon their
duties.
ARTICLE VI
The amount of Capital Stock of this
Corporation shall be divided into one
thousand shares of no par value;
which Capital Stock shall be paid in
at such times and in such manner as
shall be prescribed by the officers of
said Corporation. That at all cleo
tions of directors and officers of said
Corporation each holder of Capital
Stock shall be entitled to as many
votes as shall equal his or her shares
of said Capital Stock, and stock
holders may vote said stock either in
person or by proxy.
ARTICLE VII
The highest amount of indebted
ness or liability to which the Cor
poration shall be liable at any time
shall be Two Hundred Fifty Thousand
$3.50, 000.00) Dollars.
ARTICLE VIII
The first meeting of said Corpora
ton shall be held at the office of the
Corporation at Redwood Falls, Min
nesota. on the Sth day of July, 1880.
IN TESTIMONY WHEREOF WE
HAVE hereunto set our hands and