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

The undersigned. desiring to become n 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 dOhereby adopt articles of association and
incorporation, a follows:
ARTICLE IRIS
The name of said corporation shall be and is
Fargo and Southern Elevator Company"
The general nature of the business of this cor
poration is, and shall be, the purchase and sale
for itself. or on commission. and the storage OF
grain. fuel. salt. lime. cement, live stock. -four.
building materials, all agricultural products. and
such other property or commodities as it may be
convenient TO purchase. store, Oruse in cOnRec-
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 -. y d.. 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 TO the amount of sixty thousand dol
lars shall be subscribed for and issued on or before
August Is. 1855, and che balance of said stock may
be subscribed for and issued or not, and at such
times and in such amounts Is the board of direc-
tors may by resolution at any time determine, but
both the stock originally 10 be issued. and any
subsequent issues under resolution of the dircc-
tors - aforesaid, shailbe fully paid in when sub
seribed for.
ARTICLE FOURTH.
Tho highest amount OF Indebtedness or liability
90 which said corporation shall at any time be
subject is three hundred thousand dollars.
ARTICLE FIFTH
The names and places Of residence Of the per-
sons forming such association for incorporation are
as follows Lyman 7. Hodges. residing at Mlwau-
kec, Wisconsin,; samuel \. Hyde, residing at la
Crosse, Wisconsin, Henry j. ONeil, residing at
WinOna, Minnesota
ARTICLE SIXTH.
The first board Of directors of this corporation
shall consist of the following persons: Lyman i.
Hodges. samuel Y Hyde and Henry j. O'Neiu,w who
shall hold their Offices as such until their success
sors arc chosen.
The officers OF said corporation shall be a presi-
dent. vice president. a secretary and a treasurer,
who shall be elected annually By the board Of di-
reetors. The ofhce of secretary and treasurer may
be held by the same person
The government Of the corporation and manage
ment Of its Affairs shall be vested in a board OF
directors who snail 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'Neil shall be
its hrst 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 as provided for in said article third
shall be OF the par value Of one hundred dollars.
In witness whereof We have hereunto set our
hands and affixed our seals this 18th day of August.
lsS5.
LYMAN T. HODGES, rseal.l
SAMTTET. HNnE TEau1 l