Daily globe., 1880-08-14
INCORPORATION.
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 tha State Of Minnesota in such
case made and provided, and for that purpose have
adopted, agreed to and signed the following articles
of incol poration:
FIRST
The name of this corporation shall be the "Wsstern
Elevator Company" The general nature OF its
business, to build and operate elevators and ware
houses wl,hin the State Of Minnesota end the Ter
ritory 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 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 Q0,G00.00) 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 ,rporation shall at any tims be subject
shall be three thousand dollars
The names and places Of residence of the psrgons
forming the said corporation are as follows: O. D.
O'Brien, st. Paul, Minnesota; John J. Watson, st.
Paul, Minnesota; Jno. W. Cathcart, st. Paul. Min
nesota.
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 en- 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 numbar as president, and shall
also elect a treasurer and secretary, who shall be
directors and officers shall hold his Office for the
suing year. and 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 filled by the directors at meeting thereof.
NIT to meeting Of the stockholders, be called for
that purpose, by.laws 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 rules and regulations necessary for
the discharge Of their duties and for the government
Of the board as shall not conflict be inconsistent
with the bylaws The first board Of directors shall
be-: g. D. o'Brien, j. J. Watson aud Jno W.
day Of January, A. D. 1881, when the frst 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 st one hundred dollars each.
In witness whereof We have hereunto set our hands
and seals this 7th day Of August, A. D. 1880.
@. T. WARD, CD. oBR1EN, [seall
JNo. Il. aIIrsAx. JOHN j. WATSON, fseai
JNO. w.CATHCART,[ [seal.1