St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-15
ARTICLES OF INCORPORATION
OF THE
Minnesota Warehouse and Ele
yator Company.

ZNow 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 Tor
that purpose, 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-
chooses in action and assets formerly owned by the
Minnesota Elevator Company, corporation created
and existing under the laws of said state or some OF
any part of said properly and asse s.
Second-To build and construct or purchase, ana
to main ain and operate grain elevators 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 anu
charges thereat and for such purposes to have, pur
chase and hold all necessary lands, real and mixed
property and esae and also to purchase, sell, re-
ceve, store ship 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 ransactng the bust
of said corporation, shall be 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 eXtnguish, may hold without mer-
ger or extinguishment, and reissue the same in the
same manner and on the same terms as other stock,
and as the directors may determine and elect.
Twenty five thousand dollars sc5,00000) 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 time under such rules and regu-
atons may be prescribed by the directors not IN
consistent 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 at any special or general meeting by reso-
luton order of the board of directors, duly tered
of record particularly describing the property, and
the price and value fixed thereon to each item, or
parcel, and no proper shall be TAKEN and no stock
order or resolution has been duly made and duly
corded.
ARTICLE FOURTH.
The highest amount of Indebtedness, or liability to
which said corporation shall at any ime be LIABLE
sha be two hundred and fifty thousand $3.50 00O. 00
dollars.
ARTICLE FIFTH.
The names and places of residence of the persons
forming this association for Incorporation, fol-
lows:
L. S. VAN vLIET, Lake City, Minnesota.
ALBERT SCHEFFER, Saint Paul, Minnesota.
T. X. SIMMONS, Red Wing, Minnesota.
ANSEL OPPENHEIM, Saint Paul, Minnesota.
C. A. HUBBARD, Lake City, Minnesota.
JESSE MCINTYRE Red Wing, Minnesota.