St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-11
ARTICLES OF INCORPORATION
OF TIE
Minnesota Warehouse and Ele.
yatOr Company.

TZNOW ALL MEN BY THESE PRESENTS, that
Ia we whose names are hereunto subscribed, nave
and do hereby agree to associate ourselves tosetneI
for the purpose of Incorporation and to be fncorpo
rated under and by virtue of the laws and statutes
OF he State of Minnesota and to hat end, and fo1
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
ton shall be.
First-To buy in, purchase, and own the property,
cnoses In action and assets formerly owned by he
Minnesota Elevator Company, corporation crea ed
and existing under the laws of said state OF some
any part OF said proper and asse $.
Second-To build and construct or purchase, and
to main ain and operate grain-elevators grain ware
houses, and grist mills, In such numbers and at such
DOin and places In said ale, said corporation
shall determine, charging and taking tolls and
charges thereat; and for such purposes to have
chase and hold all necessary lands, real and mixed
property and e; and also to purchase sell, re-
ceive, store, ship deliver, on its account
on commission whea and other grains, and other
farm products, merchandise and personal property.
The principal Office and place of ransactng the bnsi-
ness said corpora ton shall be the city Of Saint
Paul, in the county of Ramsey, in said state.
ARTICLE SECOND.
The corporation shall commence on the seventeenth
years.
ARTICLE THIRD.
The amount of the capital stock of said corporation
shall be three hundred thousand dollars.
No S ock 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 eXJlngush or may hold without mer-
ger extinguishmenI, and reissue the same, In the
Qnn md on hn Mt hnr no
and as the directors may de ermine and elect
Twenty-Five thousand dollars e 5U00.O0) or five
hundred $500 shares of 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-
aons may be prescribed by the directors, not in
cons stent wi h these articles
The stock may be paid for in money or in property
at valuation to be fixed. and determined by the di-
rectors any special general meeting, by reso-
luton or order of Che board of directors duly tered
he price and value fixed thereon, as 10 each ite or
parcel, and no proper shall be taken, and no stock
certificate of S ock issued therefor, until such
order resolution has been duly made and duly re-
corded
ARTICLE FOURTH.
The highest amount of ndeb edness or liability 10
which said corporation shall any ime be liable,
sha be two hundred and fifty thousand $780, 600 0Q)
dollars.
ARTICLE FIFTH.
The names and places of residence of the persons
forming this association for Incorporation fol-
lows:
L. 8. VAN vLIET, Lake City. Minnesota
ALBERT SCHEFFER, sainI Paul. Minnesota.
T. X. SIMMONS, Red Wing, Minneso a.
ANSEL OPPENHEIM, Sain Paul. Minnesota.
c, A. HUBBARD Lake q y, Minnesota
JESSE MCINTYRE, Red Wing, Minnesota.