Morris tribune., 1885-03-18
ARTICLES OF INCORPORATION
THE MORRIS BRICK YARD
Manufacturing Company.

We, the undersigned, do hereby associate
ourselves together for the purpose of becom-
ing corporation under the provisions OF
Title Two of Chapter 81, of the General Statues
of 1878, laws of the State of Minnesota, and
the amendments thereof, and for that pur-
pose do hereby adopt and sign these Articles
of Incorporation as follows, to-wit:
ARTICLE I.
The name of this corporation shall be The
Morris Brick Yard and Manufacturing Com
this corporation shall be to manufacture and
sell all kinds of tile, brick and crockeryWare,
and for that purpose and to that end ShaIi
have power to 21rehase' take ana hoid e al.
sonal property, and suitable tools, machinery
and material necessary to the proper trans
action Of the business. The principal once nee
corporation shall be In the Village OF Morris,
in Stevens County, Minnesota.
ARTICLE II.
The time of the commencement of this cor
poration shall be the second day OF March H.
1885, and it's period Of continuation shall be
for thirty years thereafter.
ARTICLE III.
The amount Of the capital stock of said
corporation shall be $20,0OO.00, and the same
shall be divided into 200 shares of $4,000 each.
100 shares of said stock shall be issued as and
denomtnated preferred stock; 80 shares Of
ated common Stock, "
Said preferred stoek, when issued, s9all be
fully paid for, and shall be and thereafter re-
main a first claim and lien upon all the props
erty Of the said corporation, after its 1ndebt-
edness, and the holders thereof shall be
earnings of said corporation six per cent. per
annum, payable annually, and to have such
interest or dividend paid in full each year
January t thereon. Before any pa payment or div-
deQd or interest shall be made upon the coma
mon stock,
sag eonmsa sEoS * shell shall be issued at any
into the treasury Of said cofp6fati9n % per
cent. Of the par value thereof, and the re-
manning 90 per cent on account Of said stock
shall be paid Into this treasury of said carpor-
alton, by the holders thereof, when and as
called for by the Board Of Directors, but no
holder of said common stock shall be called
paid for the same until all of said common
stock shall shall have been subscribed for
and taken.
said preferred stock shall at no time, or for
shall rst ST" have paid Ito fs treasury 8 The
sa,d corporation, the full par value Of the
After the payment Of Tie preferred divi-
dends or interest as aforesaid, ali stock OF
said corporation shall then be entitled to
said corporation, but in the event Of insol-
vency OF other dissolution of said corporation
owners and hoiaaers OF said preferred stock
shall be entitled to have anu receive the fuli
par value of their stock out Of the assets OF
the said corporation, after the payment of its
1ndssSteansss, before any division shall be
made among; or payments or assets made to
owners or holders Of said commeR stfck.
ARTICLE ".
The highest amount of Indebtedness or
liability to which the said corporation shall
10000.
ARTICLE ".
The names and place of residence of the
persons forming this association for the pur-
Albert DeKay, Patrick A. MoCsrthv, Frank
d. Newell. and Stephen A. Flaherty, OF Nor
ris, Stevens County, Minnesota.
ARTICLE VI.
The government Of said corporation and the
management Of Its affairs shall be vested in
D board of five directors, all of whom shall be |
actual stockholders, and shall be elected |
by the stockholders, at their an
nual meeting, which shall be held ct the |
office and place of business Of the said cOrpor-
alton, on the first Monday in August of each |
and every year. The officers of the said cor
shall be President, who shall be |
Of said corporations; q Vice.
President, and o., seereterg, Yho shall be
said Board of Directors selected nom the
members of said board, at the first meeting
IF said Board of Directors held after the an
Board of Directors shall be held at the office
Ind place of business of the said corperatinn.
md the time or times of holding such meet. |
ngs shall be determined by bylaw to he
adopted by the said board.
The compensation to be allowed tn any
officer of the said corporation shall be fixed
BY the Board of Directors.
Until the next annual election the Board
d Directors shall be composed of Hugh
W. FAM lRft R BsK e sad s A bMeos
Flahertyi and Until said electiok High
Whitley shall be President and Albert
Dekay Secretary of said board Any yacfsrl-
lies occurring In said board shall be filed by
he remaining members thereof
In testimony whereof we have hereunto |
et our hands and affixed our seals this 7th
lay of March. 1886.
HUGH WHITLEY, TsEAIl
ALBERT DEKAY, SEAL
FRANK u. NEWELL, fsEAIi
PATRICK A. MCCARTHY, fsEAL1
STEPHEN A. FLAHERTY fsEAIj
Signed, sealed and delivered in presencs OF
IEWss g, SR9.oFE5S end e. P. O'BRIEN.
TATE OF MINNs0TA,l :.
COUNTY OF STEVENS, So
Before me, the undersigned q notary pub
ay personally came Hugh Whiteley, Albert
10 Kay, Patrick A, Mccarthy, Frank n.
Iewell and Stephen A. Flaherty, to me per-
onally known to be the persons who signed
40 foregoing articles of incorporation, and
ne execution of the same t6 he bis own Free
ct and deed, and that said articles were exc,
lted for the uses and purposes therein en-
In testimony whereof, have hereunto act
~ hand and affixed my official seal, at Nor.
s, In said County and State, this 7th day of
[arch, 1885,
SEAL gs2 LEWIS G. spooNER.
otary Public in and for Stevens Co., MINI.