Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-17
INCORPORATION.
ARTICLES OF INCORPORATION
OF THE
# Western Elevator Company

The undersigned hereby associate themselves and
agree to become body corporate, under and by yir
tue of the laws of the State of Minnesota in such
case made and provided, and for inst purpose have
adopted, agreed to aud signed ths following articles
Of incorporation:
FIRST
The name Of this corporation shall bsthe "Western
Elevator Company The general nature of its
business, to build and operate elevators and ware
houses within the State Of Minnesota aud the Ter
ritory Of Dakota, and to buy and sell wheat and
other cereal grains. The principal place Of BUSH
ness snail be at the city Of Saint Paul, Minnesota.
SECOND.
Tbs said corporation shall commence on the 31st
day of August, A. D. 1889, aud shall continue for
period of twenty years.
THIRD.
The amount of capital stock of said corporation
shall be ten thousand (i0,00000) dollars, ten per
cent OF which shall be paid on the day Of the
inenceuent OF said corporation, aud the balance
thereof at such times as the Board Of Directors
thereof shall direct.
FOURTH.
The highest amount OF indebtedness or liability to
which thia Corporation shall al any time BIS subject
shaB be three thousand dollars.
The names and pla7es Of residence Of tie persons
forming the said corporation follows: O. D.
o'Brien st. Paul, Minnesota; John j. Watson, st.
Paul, Minnesota Jno. W. Cathcart st. Peu 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 ballet 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 wear
elect one of their nunlbar president and shall
also elect treasurer and secretary, who shall be
stockholders of said corporation, and each of said
directors aud officers shall hold his Office for the en-
suing year, and until his successor is elected and
qualified. Vacancies in the office of director shall
be ed by the stockholders at any meeting stated or
special, and vacancies ia any of the other Offices
shall be fled 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, bylaws for the government OF said
Corporation, which shall on being adopted by a vote
Of majority Of said stockholders presen; at such
meeting become the bylaws Of said Corporation
The said board OF directors shall also have power to
the discharge of their duties sGd for the government
of the board shall not conflict be inconsistent
with the bylaws The first board of directors shall
be; G. D. O'Brien, j. ] Watson and Jno. W.
Oahcart, and they shall hold such Office until the %
day Of January, A D. 1884, when the first snnua
election of directors shall be held.
SEVENTH.
Rhe number and amornto 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 It'll day of August, A. n. 1880
In presence Of
@. ]. WARD, @. D. O'BRIEN, TSeai1
JFo. II. GILTIEAE. JOHN J. WATSON, fSeal
JNo. ". oATHOART, fSeal.1