St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-09
Articles Of Incorporation Of the Fargo
and Southern Elevator Company.

The undersigned. desiring to become 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 amendatOry
thereof and supplementary thereto. have adopted
and do hereby adopt articles of association and
incorporation, rs follows:
ARTICLE FIRST.
The name of said corporation shall be and is
Fargo aud 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, flour,
building materials, all agricultural products, and
such other property or commodities as it may be
convenient TO purchase, store, or use in cOnnee-
ton with the said business.
The principal place of transacting said corpora
TONS business shall be at the city of Wnona, in
the county OF WInona, and state OF Minnesota
ARTICLE SECOND.
The time of commencement of said corporation
shall be August Is, A. 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 snail be subscribed for and issued before
August Is. 1885, 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 diree
tors may by resolution at any time determine, but
both the stock originally TO De issued, and any
subsequent issues under resolution of the direc-
tors as aforesaid, shall be fully paid in when SUBJ
seribed for.
ARTICLE FOURTH.
The highest amount of Indebtedness or liability
TO 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-
forming such association for incorporation are
follows Lyman r. Hodges, residing at MilwaIi-
kee, Wisconsin; Samuel Y. Hyde, residing at La
Crosse, Wisconsin,; Henry J. O'Neill residing at
WinOna, Minnesota.
ARTICLE SIXTH.
The first board of directors of this corporation
shall consist of the following persons; Lyman +.
Hodges. Samuel Y. Hyde and Henry j. O'Neill, who
shall hold their Offices such until their success
sOrs are chosen.
The officers of said corporation shall be presi-
dent, vice president, secretary and treasurer,
who shall be elected annually by the board of d-
rectors.. The Office of secretary and treasurer may
he held by the same person.
The government of the corporation and manage
meut Of its affairs shall be vested in 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 corporations; Lyman +. Hodges shall be its
first vice president, and Henry j. ONeill 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 eacn share of any subsequent
Issue made as provided for in said article third
shall be of the par value of one hundred dollars
IL. witness whereof we have hcreunto set orr
hands and affixed seals this 4th day of August,
1885
LYMAN F. HODGES, TSeal1
SAMUE Ell Y. HYDE, Seal
HENRY J. O'NEILI. [Seal.
In presence Of Tuos. WILSoN,LLoYD W. BOWERS.