St. Paul daily globe., 1885-03-13
ARTICLES OF INCORPORATION
OF THE
Minnesota Warehouse and Ele-
yatOr Company.

T|NOw ALL MEN BY THESE PRESENTS that
IN we whose names are hereunto subscribed, have
and do hereby agree to associate ourselves together
for the purpose of incorporation, and to be incorpo-
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
tion shall be:
chooses in action and assets, formerly owned by the
Minnesota Elevator Company, corporation created
and existing under the laws of said state some or
any part Of said property and asseis.
Second-To build and construct, purchase, and
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 for such purposes to have pur
chase and hold all necessary lands real and mixed
property and estare; and also to purchase, sell,
ceive store, ship or deliver on its own account, or
on commission wheat and other grains and other
farm products merchandise and personal property.
The principal office and place of transacting the busi
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 any certificate of stock shall at 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 etermine and elect.
Twenty-Five thousand dollars (s:5, ,000.0U Or five
hundred $500 shares of the stock of said corporation
shall be subscribed for and fully paid in, at its par
corporation, and the balance of said stock may be
issued from time to time under such rules and regu
laions may be prescribed by the directors not in
consistent wi these articles.
The stock may be paid for in money, in property
at valuation to be fixed. and determined by the di-
rectors at any special general meeting, by
luton order of the board of directors duly tered
of record particularly describing the property, and
the price and value fixed thereon, each item,
parcel and no properly shall be TAKEN and stock
or certificate of Stock issued therefor, until such
order OF resolution has been duly made and duly
corded.
ARTICLE FOURTH.
The highest amount of indebt edness or liability to
which said corporation shall at any ime be liable,
sha be two hundred and fifty thousand $3.50 00)
dollars
ARTICLE FIFTH.
The names and places of residence of the persons
forming this association for incorporation, as fol-
lows:
L. S. VAN VLIET, Lake City, Minnesota.
ALBERT SCHEFFER, Saint Paul, Minnesota.
7. h. SIMMONS, Red Wing, Minnesota.
ANSEL OPPENHEIM, Saint Paul, Minnesota.
c, A. HUBBARD, Lake City, Minnesota.
JESSE MCINTYRE Red Wing, Minnesota: