Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-09
incorporation.
ARTICLES OF
INCORPORATION
INCORPORATION.

Know all Men by these Presents
That we, whose names hereunto subscribed,
have agreed TO associate, and do hereby associate
ourselves together for the purposes of incorpora-
ton, and to become and be corporation under the
laws OF the State OF Minnesota; and for that pur.
pose and to that end have adopted, signed and &C.
knowledged the following articles OF incorporation,
to-wit:
The name of said corporation shall be: "Angus
Stock and Farming Company"
The general nature of the business of said corpo-
ration shall be farming and stock raising, on lands
10 be purchased, owned, improved and equipped for
all the purposes of producing, raising and market
ing wheat other farm products and live stock; also,
the building and operating CT one CIR more eievs-
tors also, the buying aud selling of such wheat and
other cereals as may be offered at such elevators.
The principal place of carrying said operations
Of farming and stock raising and building and
ming of elevators and buying and selling wheat and
other cereals, shall be at the Town of Angus Polk
county, in said Minnesota, and at such other points
and places as may be determined upon.
The principal office and place of transacting the
business Of said corporation shall be at ST. Paul,
Minnesota.
Said corporation shall commence on the eighth
Sth) DAY Of april, A. .. 1882, and shall continue for
the period of twenty years, subject to the power and
right CT the holders and owners of majority Of the
stock, to terminate the same at any time.
III.
Inc amount OF the Capital STOCK CT S3lu COrpCrd-
ton shall be Ore Hundred Thousand Dollars. The
whole of said capital stock shall be subscribed, and
Fifty Thousand Dollars on said stock paid in at the
commencement of SAID corporations and the balance
as the same may be called and ordered by the Direc
tors.
The highest amount of Indebtedness or liability
to which said corporation shall any time be liable,
shall be twenty-five Thousand Dollars.
The names and places of residence of the persons
forming this association for incorporation are SIS
follows:
Andrew o. Bailey, st. Paul, Minnesota
E ltiDg F. Warner, st. Paul, Minnesota.
Duncan McLennan, Angus, Minnesota.
". 8. Hughes St. Paul, Minnesota
George 81. Mathepy, st. Paul, Minnesota.
VI.
The names of persons who shall constitute the first
Board of Directors of said corporation Andrew
o. Bailey, Citing f. Warner, Duncan McLennan
and VS. Hughes and Geo II. Matheny.
The officers of said corporation shall consist Of q
President, Secretary and Treasurer.
The government CT said corporation and the man
agement of its affairs shall be vested in said officers
and its Board of Directors.
The Directors after the first Board of Directors
herein named shall be elected annually by the stock
holders on the second Monday in March in each
year, at the Office of the corporation, in said st.
Paul. and the first annual meeting for the election
of Directors shall be ON the second Monday in
March, A. D. 1885, to which time and until their
successors are elected and qualified the Directors
herenbefore named shall hold their offices and COZ
stitute the Board of Directors of said corporation.
The first annual meeting of eao Board of Directors
shall be hld at said Office of the corporation the
day of their election, and at such meeting they
shall choose and elect from their number said
officers of the corporation. That until said first an
nual election Of Directors on the second Monday in
March, A. D. 1885, and until their successors are
elected and qualified, the said Duncan McLennan
shall be the President; said Etting T. Warner the
Secretary, and the said Andrew Bailey the Treas
urer OF said corporation. No person who is not q
stockhoder shall be elected to hold the Office of
Director, nor any Office in said corporation.
VII
The capital stock of said corporation shall be di-
vided into two thousand shares of fifty dollars each
In witness whereof, we, the persons hereinbefore
named IS ncorporators, have hereunto subscribed
our names and affixed our seals, the 25th ay of
March, A. D. 1882
DUNCAN M'LENNAN, [seal.l
ELTING F. WARNER, Seal. !
GEORGE H. MATTHEW, Seal. !
Will IAN S. HUGHES, Seal. ]
ANDREW o BAILEY, Seal. |
In presence Of
VIM. 8. MOORE,
j. f. WALsINGHAM.
STATE OF MINNESOTA,
RAMSEY COUNTY.
Be it known, that this 25th day Of March, s. d.
1881, came personally before me, Andrew 0. Bailey,
Citing z. Warner, Duncan McLennan, ". s. Hughes
and George n. Matheny, to known to be the same
persons who executed the above and foregoing ar
tices of incorporation, and they each respectively
acknowledged that they executed the same for the
uses and purposes therein expressed.
WILLIAM s. MOORE,
Notarial Notary Public,