St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-12
Articles Of incorporation Of the Fargo
and Southern Elevator Company.

The undersigned, desiring TO become a bod,
corporate under and by virtue Of the laws of ths
state of Minnesota, and more especially under aD6
by virtue of title 2. Of chapter 81 of the genera
statutes of said state, and the acts amendator7
thereof and supplementary thereto, have adopfaS
and do hereby adopt articles OF association and
incorporation, as follows:
ARTICLE FIRST.
The name OF said corporation shall be and i.
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, commission, aud the storage 81
grain. fuel. salt. lime, cement. live stock flour
building materials, all agricultural products AND
such other property or commodities it may be
convenient TO purchase, store oruse in connec.
ton with the said business.
The principal place of transactiug said corpora.
tion's 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 corDoration
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 shall be subscribed for and issued on or before
August Is 1885, and the balance of said stock NAV
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 direc-
tors 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 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 F. Hodges, residing at Milwau-
kee, Wisconsin; Samuel y. Hyde residing at In
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 ]. O'Neill who
shall hold their offices such until their success
sors are chosen.
The officers of said corporation shall be a presi-
dent, vice president secretary and treasurer
rectOrS- 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 board of
directors who shall be elected by the stockholders
annually on the first Wednesday of September
the corporation; Lyman z. 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 each share of any subsequent
issue made 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 4th day of August
1885.
LYMAN F. HODGES, TSeaI1
SAMUEL Y. HYDE, 1SeaL
HENRY j. O'NEILL- Seal
In presence of THos. WILSON, LLOYD W. BOWERS