Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-18
INCORPORATION. .
ARTICLES OF INCORPORATION
OF THE
:" Western Elevator Company. :"

The undersigned hereby associate themselves and
agree to become body corporate, under and by vir
tue of the laws of the State of Minnesota in such
case made and provided, and for that purpose have
adopted, agreed to and signed the following articles
of Incorporation:
The name of this corporation shall be the "western
Elevator Company" The general nature of its
business, to build and operate elevators and ware
houses within the State of Minnesota and the Ter
other cereal grains. The principal place of busi-
ness shall be at the city of Saint Paul, Minnesota.
SECOND.
The said corporation shall commence on the 31st
day of August, A. D. 1880, and shall continue for
period of twenty years.
The amount of capital stock of said corporation
shall be ten thousand O0,O0O.O0) dollars, ten per
cent of which shall be paid on the day of the COM
mencement of said corporation, and the balance
thereof at such times as the Board Of Directors
thereof shall direct.
The highest amount of Indebtedness or liability to
which this Corporation shall at any time be subject
shall be three Thousand dollars.
The names and places of residence Of the persons
IOrIn1GR the SAID corporation are as 1OliOWss ~. IL
O'Brien St. Paul, Minnesota; John j. Watson, st.
Paul, Minnesota; Jno. W. Cathcart, st. Paul, Min
nesota.
SIXTH.
The government of the said Corporation and the
management of its affairs shall be vested in board
of three directors who shall be stockholders of said
Corporation, who shall be elected by ballot by the
stockholders annually. on the day appointed there
for by the bylaws. The said board of directors
shall Immediately after their election in each year.
elect one of their nunibar president, and shall
also elect treasurer and secretary, who shall be
stockholders of said corporation, and each of said
directors and officers shall hold his Office for the
suing year, aud until his successor is elected and
qualified. Vacancies in the office of director shall
be filed by the stockholders at any meeting stated
special, and vacancies in any of the other offices
shall be filed by the directors at meeting thereof
The said board of director shall prepare and SUBJ
NIT to meeting of the stockholders to be called for
that purpose, bylaws for the government of said
Corporation, which shall on being adopted by vote
of majority of said stockholders present at such
meeting. become the bylaws of said Corporation.
The said board of directors shall also have power to
adopt all such and regulations necessary for
the discharge of their duties and for the government
Of the board sh ali not conflict be inconsistent
with the bylaws The first board of directors shall
be: G. D. O'Brien, j. Watson and Jno W.
Cathcart and they shall hold such Office until the I'd
day of January, A. D. 1881, when the first annual
election of directors shall be held
SEVENTH.
The number and amount of shares In the capital
stock of said corporation shall be one hundred
shares at one hundred dollars each.
In witness whereof We have hereunto set our hands
and seals this Tth day of August, A. D. 1880.
In presence Of
O. T. WARD, G. ID. OBRlEN, Seal
JNo. Il. GIIT1NAN. JOHN j. WATSON, fseal
JNO. w. CATHCART, fSeal.1