St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-11
Articles Of Incorporation Of the Fargo
and Southern Elevator Company.

The undersigned, desiring 10 become a body
corporate under and by virtue OF the laws Of tine
stale of Minnesota. and more especially under and
BY virtue Of title ?. Of chapter 81 OF the general
statutes of said state. and che acts ameudatory
thereof and supplementary thereto have adopted
and do hereby adopt articles OF association and
incorporation. as follows:
ARTICLE FIRST.
The name VI said corporation shall be and is
Fargo and SOuthcrn Elevator Company
The general nature of the business OF this cor
POration H. and shall be- the purchase and sale
Tor itself. or ON commission. and the storage of
grain. fuel, salt lime. cement. I've stock flour.
building materials, ali agricultural products and
such other property o. commodities as ii nav be
convenient % purchase. store, oruse in cunnec-
ton with the SAID business.
The principal place Of transaeting said corpora
tons 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 i5 A. d. ISIS, and said corpora
uon shan continue twenty years from said date.
ARTICLE THIRD.
The amount OF said corDoratiou's capital stock
shall be one hundred and nifty Thousand dollars.
whereof stock TO the amount Of sixty thousand dol
lars shall BE subscribed for and issued or before
August l.. lsS5- and the balance OF said stock may
be subscribed for and issued or not. and at such
times ami IN sueh amounts es the board of diree-
tors may BY resolution n auy time determine but
both the stock originally to De issued. ard any
subsequent issues under resolution Of the direc-
tors rs aforesaid. shall be fully paid in when sub
sSribed for.
ARTICLE FOURTH.
The highest amount Of Indebtedness or liability
to which said corporation shall NJ any time be
subject IS three hundred thousand dollars
ARTICLE FIFTH.
The names and places 81 residence of the per-
sons forming snch association for Incorporation are
asfOilowS- Lyman r. Hodges. residing at Milwau-
kee. Wisconsin: samuel Y. Hyde. residing ut Ia
Crosse. Wisconsin; Henry J. O'NeiI, residing at
winona- Minnesota.
-. ARTICLE SIXTH
The first board of directors Of this CORPORATION
shall consist Of the following persons: Lyman F.
shall hold their Offices such until their success
sors are chosen.
The officers OF said corporation shall be G preSi-
dent, vice president = secretary and e treasurer,
who shall De elected annually by the board of di-
rectOrs. The Office OF secretary and treasurer may
be held By the same person.
The government o. the corporation and manage
ment OF its Affairs shall be vested in a 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 r. Hodges shall be its
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 sub-eouent
issue made a. provided for in said article third
shall be OF the par value OF hundred dollars
In witness whereof we have hereunto set orr
hands and affixed seals this 9Th day of August
ISIS
LYMAN F. HODGES, ISeall
SAMUEL Y. HYDE. seal
HENRY ]. O'NEIIL. seal
In presence OF THOS WILSON IIOY-D w RO,vrpS