St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-07
Articles Of Incorporation Of the Fargo
and Southern Elevator Company.

The undersigned. desiring 90 become a 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 amenGatory
thereof and supplementary thereto. have adopted
and do hereby adopt articles OF association and
incorporation, As follows:
ARTICLE FIRST.
Tho 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
Tor itself, or on commission. aud the storage of
grain. fuel, salt, lime, cement, live stock. lour.
building materials, ali agricultural products. and
such other property or commodities a. il MAJ be
convenient 70 purchase, store, or use in connec-
ton with the said business.
The principal place Of transacting said corpora
tion's business shall be at the city of WinOna. in
the county of Winoua. and state of Minnesota.
ARTICLE SECOND.
The time of commencement of said corporation
shall be August Is, a. d. 1855, and said corpora
ton shall continue twenty years from said date.
ARTICLE THIRD.
The amount OF said corporations capital stock
shall be onc hundred and fifty thousand dollars.
whereof stock To the amount of sixty thousand dol
lars shall be subscribed Tor and issued on or before
August -. 1883, ana the balance of said stock may
bc subscribed for and issued or not. and ut such
times and in such amounts as the board of direc-
tors may by resolution IT any time determine. but
both the stock originally to be issued. and any
subsequent issues under resolution of the dircc-
tors as aforesaid shall be fully paid in when sub
scribed for.
ARTICLE FOURTH.
The highest amount of Indebtedness or liability
TO which said corporation shall at arg zine De
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 LYNN +. Hodges. residing at Milwau-
kce. Wisconsin; samuel y. Hyde, residing at Ia
Crosse, Wisconsin,; Henry J.. ONcill. residing At
Winona, Minnesota.
ARTICLE SIXTH.
The first board Of directors of this corporation
shall consist of the following persons: LYMAN r.
Hodges. samuel T.. Hyde aud Henry J. O'SeiM.w who
shall hold their Offices as such until their success
sors are 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 d.
%reetors. The Office 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 q 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 f.. Hodges shall be it,
first vice president, and Henry J. o'Nein 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 as provided for in said article third
shall be of the par value of one hundred dollars.
In witness whereof we have hercunto set our
hands and affixed our seals this attn day Of August.
| 1855.
LYMAN F. HODGES, Tseal.l
SAMUEL \. HYDE. Seal