Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-16
INCORPORATION
ARTICLES OF INCORPORATION
OF THE ,-.....-.-.-
: Western Elevator Company. !"

The undersigned heraby associate themselves and
agree to bscome body corporate, under and by yir-
case made and provided, and for that purpose have
adopted, agreed to and signed the following articles
of Incorporation: 80 $780,. -, .-.-. s.
FIRST. 49,:
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
rttory of Dakota, and to buy and sell wheat and
other cereal grains. The principal place of BUSH
ness shall be at the city Of Saint Paul. Minnesota.
SECOND.
The said corpouation shall commence on the 31st
day of August, A. D. 1880, and shall continue for
period Of twenty years. IN i.fl
The amount Of capital stock of said corporation
,hai he ten Thousand De 0o1 dollars, ten per
cent Of which shall be paid the day of the COM
rencement of ssid corporations, and the balance
thereof at such times as the Board OF Directors
thereof shall direct. 5;t
- FOURTH.
The highest amount Of Indebtedness Or liability to
which this Corporation shall at any time be subject
shall be three thousand dollars. =.
er FIFTH % -,
The names and places Of residence Of the persons
forming the said corporation are as follows: o. D.
O'Brien, st. Paul. Minnesota John j. Watson, st..
Paul, Minnesota; Jno. W. Cethcert, 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
Corporstion, shall be elected by ballot by the
stockholders, annually the day appointed there
for by the by-lsya. . The said board OF directors
shal Immediately after their election in each year.
elect one OF their nunbar as president, ana shall
also elect treasurer and secretary who snail pe
stockholders of said corporation, and each Of Bald
directors and officers shall hold his Office for the en-
suing year and until bis successor fs elected and
qualified. Vacancies In the Office of director shall
be filed by the stockholders at any meeting stated or
special, and vacancies In any Of the other offices
shall be filed by the directors at meeting thereof
The said board of directors shall prepare and sub
NIT to meeting of the stockholders, 10 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 fol
the Discharged their duties and for tho government,
of the board az shall not conflict nor be Inconsistent
| with the bylaws The hrst board Of directors shall
be: @. D. OBrien. J.. j Watson: snd Jno. W
Cathcart and they shall hold such Office until the I'd
| day of January, A. d. 1881. when the first annua
1 election Of directors shall be held. -.
| Of 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 have hereunto set our hsndE
and seals this TIL day Of August, a. D. 1880
q. T. WAnD, C.D.o'BRlEN, EseaLl
| JNo. q, GrIr1NAr. JOHN j. WATSON, lSeat
| JRo. ". CATHCART,[ SeaI.1