St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-21
THIS AGREEMENT FOR INCORPORA-
i ton, made and entered into by and be-

THIS. AGREEMENT FOR INCoRPORA-
L ton, made and entered into by and be-
tween Henry II. Fuller, William A. Somers,
Frank Dabney, William Dawson Dr., William
Foulke and John j. Flanagan.
Witnesseth: That the parties hereto do here
by associate and unite together as CORPORA
ton under and pursuant to the provisions Of
an act of the legislature of the State of Mime
sofa, entitled IAN act relating to manufact-
uring corporations" approved March 9TH,
1878, and the acts amendatory thereof. and
for that purpose do adopt agree to. and sign
the following Articles of Association for in
corporation:
Article 1.-The name of this corporation
shall be Minnesota River and Rail Electric
Company.
Article 1.-THE purpose for which this
corporation is established is the manufacture
and sale of electric motors, electric machines, /
electric batteries and machinery, apparatus
anu appliances for connecting and operating
the same; the manufacture, sale and use Of
machinery and appliances for producing,
storing and using electricity for light power,
heat and other purposes: and the manu-.
facture and sale OF any OF the materials
which this corporation may find necessary
or convenient to make or use in its business.
Article IH.-The principal place of transact
ing the business of this corporation shall be
the city of st. Paul. in the state of Minnesota
Article IV.-The time of commencement Of
this corporation shall be the nineteenth day
of June, A. D. 1889. and the period OF its
SAlSteuCc SAdli COuliuue LUZ thirty years.
Article V.-The amount of the capital
stock of this corporation is one hundred
thousand dollars, divided into one thousand
shares, of one hundred dollars. each. and
shall be paid in at such times and places and,
in such manner and proportions as the board
of directors shall determine.
Article VI.-The highest amount Of in
debteduess or liability to which this corpo-
ration shall at any time be subject is fifty
thousand dollars.
Article VII.-The names and places Of
residence of the persons forming this asso-
citation for incorporation are Henry H. Full :
Ter, William A. Somers. Frank Dabney, WILL
lam Dawson Jr.. William Foulke and John
j. Flanagan, all residing in the city of St !
Paul, in the state Of Minnesota. '
Article VIIL-The stock, property, affairs
and business of this corporation shall be
under the care, government and manage. :
ment of board Of directors consisting Of
six persons.
Said board Of directors shall be stockhold.
ers, and shall be elected annually by the
stockholders at the annual meeting of this
corporation. to be held on the second Tues ,
day in November 10 each year, and shall hold
their Office for one year and until others are
chosen in their stead; provided. that the first
board of directors, whose term of Office shall
continue until the first election by the stock.
holders, shall consist of the following per-
sons. to wit: Henry ii. Fuller, William A.
Somers, Frank Dabney, William Dawson Jr,
William Foulke and John j. Flanagan.
Said board OF directors, at IFS nrSt meeting
and thereafter in the manner provided for by
the bylaws of this corporation, shall elect
from its members president, vice presi.
dent, a secretary and a treasurer; provided
the offices of secretary and treasurer may be
held by one person.
At any OF its meetings the board of directors
may fill any vacancies in said board or In any
of said offices.
In witness whereof, we, said parties. have
hereunto set our hands and seals this 18th
day Of June, A. D. 1889.
HENRY II. FULLER, [Seal]
WILLIAM A. SOMERS, tSeal1
FRANK DABNEY, fSeal
WILLIAM DAWSON JR., tSeal.]
JOHN j. FLANAGAN, (Seal]
WILLIAM FOULKE lSeall