St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-06
Articles Of Incorporation Of the Fargo
and Southern Elevator Company.

The undersigned. desiring to become body
corporate under and by virtue of the laws OF the
state OF Minnesota, and more especially under and
by virtue of title =, of chapter 81 of the general
statutes Of said state, and the acts amendatory
thereof and supplementary thereto, have adopted
and do hereby adopt articles Of association and
incorporation, as follows:
ARTICLE FIRST
The name of said corporation shall be and is
Fargo and southern Elevator Company"
The general nature of the business OF this cor
poTation is, and shall be, the purchase and saie
for itself, commission. and the storage of
grain, fuel salt. lime cement live stock. -four
building materials all agricultural products, aud
such other property or commodities as il may be
convenient 10 purchase, store, ruse in connec-
ton with the said business.
The principal place of transacting said corpora
tons business shall be at the city of WinOna in
the county of winona' and state of Minnesota
ARTICLE SECOND.
The time of commencement OF said corporation
shall be August Is, A. ID. 1885, and said corpora
ton shall continue twenty years from said date
ARTICLE THIRD.
The amount of said corporations capital stock
shall be one hundred and fifty thousand dollars.
whereof stock 10 tine amount OF sixty Thousand dol
lars shall be subscribed for and issued before
August l5 1855. and the balance of said stock may
be subscribed for and issued or not. aud at such
times and in such amounts as the board of direc-
tors may by resolution at any time determine. but
both the stock originally 20 be issued, and any
subsequent issues under resolution OF the direc-
tors aforesaid shall be fully paid in when sub
ARTICLE FOURTH.
The highest amount Of indebtedness OF liability
10 which said corpora tion shall at any time be
subject is three hundr cd thousand dollars.
ARTICLE FIFTH.
The names and places Of residence OF the per-
sons forming such association for incorporation
rs follows Lyman +. Hodges residing az Milwau-
kec. Wisconsin,; samuel Y. Hyde. residing at Ia
Crosse, wisconsin, Henry J. O'Ncin, residing at
WinoRa, Minnesota.
ARTICLE SIXTH.
The first board Of directors of this corporation
shall consist of the following persons: Lyman +.
Hodges samuel Y. Hyde and Henry J. ONeill, who
shall hold their Offices such until their
sors are chosen.
The officers of said corporation shall be presi-
dent, vice president. secretary and treasurer,
who shall be elected annually by the board Of d.
be held by the same person.
The government Of the corporation and manage
ment Of IFS affairs shall be vested in n board Of
directors who shall be elected by the stockholders
annually on the first "Wednesday Of September.
samuel Y. Hyde shall be the first president Of
] the corporation; Lyman r. Hodges shall be its
first vice president, and Henry J. O'Nell shall be
its first secretary and treasurer.
ARTICLE SEVENTH
The capital stock of said corporation originally
issued in accordance with article third hereof
shall consist of six hundred shares Of one hundred
dollars each, and each share Of any subsequent
| issue made provided for in said article third
shall be of the par value of one hundred dollars
In witness whereof we have herecntO set our
hands and affixed our seals this Ith day of August
| 1856.
LYMAN F. HODGES, ISeaLl
/ SAAIITEI Y hyde. seal. ]