St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-10
Articles Of Incorporation Of the Fargo
and Southern Elevator Company.

The undersigned, desiring 20 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 p of chapter 81 of the general
statutes of said state, and the acts amendatOTy
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
poration is, and shall be. the purchase and sale
for itself, or on commission, aud the storage Of
grain, fuel salt. lime, cement, live stock. -four
building materials. all agricultural products, and
such other property or commodities as IL may be
convenient to purchase. store, or use in connec-
ton with the said business.
The principal place of transRcting said corpora
tons business shall be al 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. lss5, 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 or before
August Is 1855, and the balance of said stock may
be subscribed for and issued or not, and 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 TO be issued, and any
subsequent issues under resolution of the diree-
tors as aforesaid shall be fully paid in when sub
scrlDed Tor.
ARTICLE FOURTH.
The highest amount of Indebtedness OF liability
20 which said corporation shall nj 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
as follows Lyman y. Hodges residing ut Milwau-
kee, Wisconsin; Samuel Y. Hyde residing at Ia
Crosse, Wisconsin; Henry J. O'Neill, residing At
Winona, Minnesota.
ARTICLE sTXTFJ
The first board of directors of this corporation
shall consist of the following persons: Lyman F.
shall hold their Offices as such until their
sors chosen.
The officers OF said corporation shall be presi-
dent, vice president, q secretary and treasurer
Who shall be elected annually by the board of d.
fectors. 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 n board of
directors who shall be elected by the stockholders
annually the first Wednesday of September.
Samuel V. 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 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 hereunto set cur
hands and affixed seals this 4th day Of August
1855.
LYMAN F. HODGES, TsealI
SAMUEL Y. HYDE. fSeal |
HENRY J. O'NEIIL- lSeal |
In presence of THos. WILsoS,LLoY W. BOWERS.