Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-13
INCORPORATION.
ARTICLES OF INCORPORATION
OF THE
Western Elevator Company

The undersigned hereby associate themselves an
agree to become body corporate, under and by vr-
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 srtieles
OF interpretations:
The name Of this corporation aha be the "Weatern
Elevator Company" The general nature Of its
houses wiihiu the State Of Minnesota and the Ter
rttory Of Dakota, and to buy and sell wheat and
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 ths Slst
day of August, a. D. 1885, and shalt continue for g
period Of twenty years.
The amount Of capital stock OF said corporation
shall be ten thousand Qo,000O0) dollars, ten per
cent Of which shall be psid on the day Of the COM
mencemspt Of said corporation, and the balance
thereof At such times as the Board of Directors
thereof shall direct.
FOURTH.
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
forming the said corporation are as follows: O. D.
OBri.n, 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, the day appointed there.
for by the bylaws. Tho said board Of directors
shall Immediately after their election in each year,
elect one of their nupibar as president, and shall
also elect treasurer aid secretary, who shall be
sto' khoders of said corporation and each Of said
directors and officers shall hold his Office for the en-.
suing year, 81 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 o her offices
shall be filed by the ctors at meeting thereof
The ssid board of directors shall PIT pare and SUBJ
nit TO meeting Of the stockholders, 10 be called for
that purpose, bylaws for the government of said
Corporation which shsil on being adopted by vote
of joriiy of said stockholders present at such
meeting, become the bylaws OF said Corporation
The said board directors shall also have power to
the discharge of their duties and for the government
OF the bUatd all not counicI be Inconsistent
with the by laws The first board Of directors shall
be: G. d. O'Brien, j. Watson and Jno W.
Caihcart and they shall hold such Office until the I'd
day of January, A. 1891, when the first annua!
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 dollsrs each.
In witness whereof we have hsreunto set our hands
and seals this 7h day Of August, a. D. 1880.
In presence Of
O. T. WARD, G. D. 0'BRlEN, [Seall
JNo. b. GnTNAE. JOHN J. WATSON, tsesl
JNo. VI. oArHCARr, t5esl.1