Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-15
INCORPORATION
ARTICLES OF INCORPORATION
OF THE
Western Elevator Company

The undersigned hereby associate themselves and
agree to become body corporate, under and by viz
tue Of the lava Of the State Of Minnesota, In such
case made and provided I'D for that purpose have
adopted ag eed to aud signed the following articles
of Incorporation: M
The name Of this corporation shall be the "westefn
Elevator Company" The general nature Of its
business, to build and Operate elevators AID ware
houses within the State Of Minnesota and the Ter
ritory If Dakota, aud TO buy and sell wheat and
other cereal grains. The pr, opal place OF busi-
mess shan be st the city Of Saint Paul, Minnesota.
SECOND.
The said coronation saaN commence on the 3lst
day Of August, A. D. 1851, and shall continue for
period Of twenty years.
THIRD.
The amount of capital stock Of said corporation
shall be ten Thousand U0,,0O.t0) dollars, ten per
cent Of which shall be paid on the day OF the COM
mencement of said corporation. aud 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
FIFTH.
The names and places Of residence Of the persons
forming the seid corporation are as follows: O. d
.O'Brien st. Paul Minnesota; John ]. atsoD, st.
Paul, Minnesota; Jno. ". Cathcals, st. Psul, Min
nesofa.
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 TIE
stockholders, annually. On the day appointed there
for by the bylaws. The said boaro Of directors
shall immediately after their election in each yeaI
elect one Of their numbar as president, and stall
also elect treasurer and secretary, who shall be
stockholders Of said corporation, and each OF said
directors and officers shall hold his office for tue en-
suing year, and until his successor is elected aud
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, to be called for
that purpose, by-lsws for the government OF said
Corporation, which shall on being adopted by vote
of msjority of said stockholders present at such
meeting, become the bylaws OF SAID Corporation
The said board Ct directors shall also have COVER to
adopt all such rules and regulations necessary for
the discharge of their duties and for the government
of the board es shall not conflict be inconsistent
with the bylaws The Arst board 81 directors shall
be: @. u. O'Brien, j. j Watson and Jno ".
Cathcart and they shall hold suoh ofce 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 7th day OF August, A. d. 1880.
In presence Of
@. T. WARD, O. D. 0BRlEE, tSeal]
JNo. q. GILTTsAN. JOHN J Wa sON, fiscal
JNO. W. CATHCARr,f ssai.l