St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-05
Articles OF INCORPORATION.
ARTICLES o. INCOEPORAIION-
ARTICLES OF ASS0CIlTIOI
OF THE
HiHn sofa Threshfr Manufacturing Company

We. the undersigned. Ezra Farns~orth John 3.
fogE. Francis A osborn Samuel r P=ys0n. al Of
BosiOc- Massachusetts. John b. Bacon. OF Chelsea.
Vermont; Gustasus =. Davis. Of Hartford Connect
CIT; william II. Rhawn. Of Philadelphia Peunsyiva-
MAJ AiIh-Gs Stiekney. OF ST. Paul. Minnesota.
an EOsCOe +. Hersey Of Saltwater. Minnesols d.
b these p-esen = gurSuant 20 and N conformity
With ~ act 81 the Legisia OF the State Ca MIN
lesota. cnritieI An rela.ing 10 auuiA furinl.
eo-PoTa ois' Gpproved March I'll. 1873. and the
sefsr-l a. " SAID le gisiltErc ameIdsrOEy thereof
associate ourselves together. and coy form hOiy
polite and e0TpO-ate, aad re do hereby eeF;if5,
FIRsT- That tie corporate aane Of sad corpora
tion Is. Minnesota Threslsr Manufacturing CvnOan
SECOND The objects FOR which this Corporation
Is formed tue prrchese q the capital stOcS evil
deaee Of Indebtedness Issued - L. ami assets u
tDe Nor1hse Stern Manufacturing sR1 Car Company
c1-pusaton existing under the laws Of the state OF
Nianeso a or Eng Portion o. said capital stock evil
cenee u Indebtedness. OF asse-s and the narufsc-
trTc ant sac q steam engines Of all kinds farm TN
Fteineas- ahd machinery " al kinds and the manu-
&c IRE and sale q al articles implements end ma
chincTy q which vOcd and iron or either Of them
form he principal component parts, aud the manu-
facsuie q the materials therein used
TIIED. The CAP. s. stock OF said corporation
silall Dc seven millions Of dOilars. which snail be
diyded into ore hundred sad for.y thousand shares
" a. J dollars each TINS stock shsll he classified
ard u ued IN manner following that fs 10 saw. Tcef
shall be ISSUED Two classes OF stock denoulsna cd
preferred ard common stock. TIE amount OF the
former shail b. fur miil:cnl Of dollars. OF eghfy
thousand sAsres Of hfty dollars each. and OF th.
latter threc millions OF dollars sixty thcusanl
shares % atty doSrs EACH The preferred stOe shall
D. entitled % dividend Dot exceeding Seyen De.
cent ger g1aun. payable cut OF the earnings Of each
Calendar gear, % be made Up II v,essary out Of the
n tlu- herena ter pros idcd for commencing WI h
the nrst cay Of January ise5 which shah be decler
C aIt pel0 from The ucf earnings surplus Vi the
corporation. before sny dividend shat DC declared or
paid On the common stock 0Gd no c.v,aeats shall De
paid On the eoultlOn L until surplus cf -, pei
eeoi On the outstanding preferred stock = accumu
iaec- No part a. said surqius shGl. be used excrpt
10 make the preference disi-ead cr %, referred
stock seyen per cent, when re -uags q any year
shal4 ye Insufficient % pay seven per cent o. the
preferred stock. Whenever any portion OF tie sur-
lfus Il thus used whenever The surpaS Is other
wise IMPAIRED. The surplus shall De fully restored
before any d.vidcEd i paid On tie common stock
After dividend Of seven per cent. shall! have been
7sic on both the Ir'ferIe and The common stock In
any ealesaaF year ouL "a the varnugs ~ said cor
poratOn Tor thaf year, both lhe s.elerred All th,
eir1n stck snail be entitled 20 Participate cQualv
10 say further dividend which may BE- declared ana
PAD 5lt - tie ne earnings q that wear. In case
Of tue voluntary or other dissolutioI - the cor
poTaion- the preferred Stock. 70 the extent OF :
par vaGc shall be hrst paid Of the assets of tie
corporation, before any payments shalt o. made
upon the common ssocS- Amer a Surplus has been
accuulual I'd a. 1creinbefcre provided ana VIII ID
- remains uannaircc as 30 provided the conn In
sock hall be enttIc5 sucn dividend as the boat
~ directors mas determine o. pay frvn tne aet
earnings - the corporation f0T Zach calendar yray
AFTER paying the DIVIDENDS on the preferred stOc,t
provided a.vaYs that af,eT dividend " seven pei
crrt. sha have been Jared and paid out u the
Act e-tAtttat O. tuc Corporation To- auV liAs
year on both the preferred and the common : o X.
n0th the pfcferrc1 and the common stock shall be
entitled 10 participate equally in any further dvf.
denas which may be declared and paid oct Of the net
earnn-s
FOURTH. said corporation shall commence on the
twenty sixth dry o. Der. 1851 aud snail con.
tlnue IN eNstCn for the torn OF thirty years and
IL Affairs shall re mans ged by bad Of director,
clI.sisting OF thirteen sJ0ckholders who shall be
elected annually. Provided That the first BOarl OF
ID ectoTs, Who shall hold their ohce until the nrst
election % the Stockholders which election shall be
on the Ultra Wednesday OF june 1855, shall consist
~ the fJn wine persons: Ezra Farasworth John :
rVgg. Francis "A. O,b1fn- Samuel r. PaysOn, John
y. Bacon Gustavu- F. Davis, William H. Rhawu
Aphcus q. Suckity, Roscoe r. Hersey, W. T. Rice.
Oc-avus -. Baldwin, Abram o. Bigelow and Edward
2. Lawrence.
FIFTH. The principal place Of business OF this
corporation shall be IN the city Of Saint Paul county
- Ramsey and SKATE VI Minnesota.
We hereby adopt the foregoing articles OF asso-
citation o. the Minnesota T lresher ManufactIr NJ
Company, for the purpose OI becoming body pOt &
an zorro ate under said name
II 81 ness whereof We have hercunto set our hands
end seals this twenty-sixth day Of November. A. d.
IsS;.
signed. sealed and delivered by Ezra Farnsworth
John = Fogg. Francis A. Osbo.n, John b. Bacon.
m. II Rhawu, AIpheus b. St:ckney.
IN he presence Of
". h. BEND.
l. VERNON BRIGGS.