St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-09

IN we whose names are hereunto subscribed, have
and do hereby agree to associate ourselves together
Tor the purpose of Incorporation and to be lncorpo
rated under and by virtue of the laws and statutes
Of the State of Minnesota and to that end and for
that purpose have adopted and do hereby adopt and
sign the following articles Of incorporation.
ARTICLE FIRST.
The name of this corporation shall be: MINNESOTA
WAREHOUSE AND ELEVATOR COMPANY.
The general nature of the business of said corpora
ttonsshall be:
First-To buy in, purchase and own the property,
chooses in action and assets, formerly owned by the
Minnesota Elevator Company, corporation created
and existing under the laws of said state or some or
any part of said property and asses.
Second-To build and construct, or purchase ana
to main ain and operate grain-eevators. grain ware
houses and grist mills In such numbers and at such
points and places in said state as said corporation
shall determine, charging and taking tolls and
charges thereat and such purposes to have pur-
chase and hold all necessary lands, real and mixed
property and estate; and also to purchase, sell, re-
ceive store, ship deliver, on its own account. or
commission. wheat and other grains and other
farm products, merchandise and personal property
The principal Office and place of transacting the bust
ness of said corporation shall be at the city Of Saint
Paul, in the county of Ramsey, in said state.
ARTICLE SECOND.
The corporation shall commence on the seventeenth
day of March, A. D. 1885, and continue for thirty
years.
ARTICLE THIRD.
The amount of the capital stock of said corporation
shall be three hundred thousand dollars.
No stock nor aAy certificate of stock shall ut any
time be issued until the full par value thereof has
been actually paid in.
Said corporation may purchase, and buy In its own
stock and the stock so purchased and bought in.
may retire and extinguish may hold without mer-
ger extinguishment and reissue the same, in the
same manner, and on the same terms as other stock
and as the directors may determine and elect.
Twenty-Five thousand dollars (ss5, 000.0O or five
hundred $500 shares the stock of said corporation
shall be subscribed for and fully paid in, at its par
value at the commencement of the business of said
corporation, and the balance of said stock may be
issued from time time under such rules and regu
laions may be prescribed by the directors not in
consistent with these articles.
The stock may be paid for in money, in property
at valuation to be fixed, and determined by the d.
rectors at any special general meeting, by reso
luton or order of the board Of directors duly en- tered
of record particularly describing the property and
the price and value fixed thereon, each item, or
parcel and properly shall be taken, and no stock
certificate of stock issued therefor, until such
order resolution has been duly made and duly
corded.
ARTICLE FOURTH.
The highest amount of Indebtedness or liability to
which said corporation shall any line be liable,
sha be two hundred and fifty thousand, $780, 10000
dollars.
ARTICLE FIFTH
The names and places of residence of the persons
forming this association for Incorporation fol-
lows:
L.. S. VAN VLIET, Lake City, Minnesota.
ALBERT SCHEFFER, Saint Paul, Minnesota.
T. X. SIMMONS, Red Wing, Minnesota.
ANSEL OPPENHEIM, Saint Paul, Minnesota.
C. A. HUBBARD, Lake City, Minnesota.
JESSE MCINTYRE, Red Wing, Minnesota.