St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-23

A RTICLES OF INCORPORATION OF
II the "Osgood & Blodgett Manufacturing
Company"
Know all men by these presents. That we,
whose names are are hereunio subscribed
have agreed TO associate ourselves together
for the purpose of INCORPORATION, and of be-
ing created ana constituted a corporation I'M
der and by virtue of the laws and statutes of
the State of Minnesota, and for that purpose
have adopted and signed, and do hereby
adopt and sign, the following articles Of in
corporations:
Article Fi:st-The corporate name OF this
corporation shall be, and is, the "Osgood Il
Blodgett Manufacturing Company.
The general nature of the business Of this
corporation shall be the manufacture of lum-
Der, and all articles wholly or in part made
therefrom, including boxes, refrigerators
buildings, building materials, and all kinds
of woOd Work; and the purchase and the sale
OF lands. buildings, logs, timber and lumber;
and 10 build, buy, sell. lease. own and main
lam, and operate mills. machinery. factories
shops, and lumber yards; and to conduct and
carry on general manufacturing business
and such other lawful undertakings as may
be necessary, essential or eXpedient to the
success OF the business above named or per-
tanning thereto.
The principal place of the transaction of
the business of this corporation shall be at
the City OF 81. Panl, in the County of Ram
sey, and State of Minnesota.
Article Second-The time of the commence
of January, A. ID. 1882, ana the period of its
continuance shall be thirty years.
Article Third-The amount of the capital
stock of this corporation shall be one hun
dred and fifty thousand SIS A000) dollars.
No stock, nor any certificate of stock, shall
al any time be issued until the full par value
thereof has been actually paid III. The stock
may be paid for in money, or in property at a
valuation to be fixed and determined by the
Board OF Directors, at any special or general
meeting. by resolution or order of the Board
OF Directors, particularly describing the
property and the price or value fixed thereon !;
and no property shall be taken and no stock
or certificates of Stock shall be issued there
for until such order or resolution has been
duly adopted and recorded.
-Four hundred 600 shares of stock of said
corporation shall be subscribed for and issued
at the commencement of the business of the
corporation. and the balance OF said stock
may be issued from time TO time under such
rules and regulations as may be prescribed
by the Board Of Directors.
Said corporation may buy in its own stock,
and the stock 50 bought in said corporation
may retire and eXtinguish, or hold the same
without merger or eXinguishment or may
reissue the same in the same manner and on
the same terms as other stock, as the Board of
Directors may determine and elect.
No stockholder can sell any shares OF stock
held herein without first offering the same
to the corporation at the same value said
shares can be sold for to any other party.
Article FOurth-The highest amount or in
ebtedness or liability to which said corpora
ion shall al amy time be subject Is one nun
dred thousand (SlJ0,000) dollars.
Article Fifth-The names and places of
residence of the persons forming this corpora
ton are as follows, to wit:
benjamin : Osgood, st. Paul, State of Min
nesOta;
Henry E. Osgood, ST. Paul. State of Mime
sofa;
Fred S. Blodgett St. Paul, State of Mime
sofa:
Leland S. Armstrong, St Paul, State of Min
nesOta;
Harvey A Blodgett St Paul State of Min
nesota.
Article Sixth-The government of said cor
poratOn, and the management of its affairs,
shall be vested III a board of five directors TO
be elected annually by the stockholders of
said corporation from among their number
az the annual meeting in each year, TO be
held on the last Tuesday in January. provid-
ed the Board of Directors, herein named
shall hold their Offices as such until the last
tuesday III January, 1872. and until their sue
ceSsors are elected and qualified. The names
OF the persons who shall constitute the first
Board of Directors are the aforesaid BENJAMIN
;. OsgOOd. Henry l.. OsgOOd. Fred ;. BlOdgett
Leland ). Armstrong and Harvey A. Blodgett
The officers of said corporation shall con-
sist of a President, Vice President. Secretary
and Treasurer, and the directors of said
corporation shall, on the last Tuesday of Jan
uary of each year. after the adjournment of
the stockholders meeting on that day. or in
case of adjournment on the adjourned day.
meet tor the election of said officers and at
such meeting shall elect from the directors
the said officers of said corporation for the
year next ensuing The directors and Of
hceTs of said corporation. after the first here
in named. shall hold their respective Offices
for one year next ensuing after their election,
and until their successors are elected and
qualified. and the duties of said officers may
be prescribed by the bylaws of the corpora
ton. No person shall be a director or officer
of said corporation who is not stakeholder
therein. The Offices of Secretary and Treas
urer may be held by the same person. and
the Vice President may also hold the Office Of
sors are elected Benjamin ). Osgood shall
be President. Henry E. Osgood Vice Presi-
dent and Fred ). BlOdgett Secretary and
Treasurer.
such general and special meetings of the
stockholders. and also of the directors. NAV
business OF the corporation may require or
as the same may be authorized and prescribed
by the bylaws of the corporation.
The directors shall have power to fill every
vacancy, if any, of the officers of the corpo-
ration, and also to fill any vacancy in the
meeting of the Board of Directors.
Article Seventh-The number and amount
of the shares in the capital stock of said cor
pOratiOn shall be fifteen hundred Q,J00), and
shall be divided into shares of one hundred
(Sl00) dollars each.
In witness whereof we, the persons here
lnbefoTe named, as incOrporators. have here
unto subscribed our names and affixed our
seals, each for himself, this, the Sth day of
December, a. D. 1891.
BENJAMIN S. OSGOOD. [Seall
HENRY Z. OSGOOD. lSeaL1
FRED S. BLODGETT. lSeal1
LELAND 5. ARMSTRONG. fSeal
HARVEY RI0DGETT fSoal :