St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-09
A KTIcLEs OF INCORPORATION o

A RTICLES OF INCORPORATION OF
n the Western Electric Heating Com
pany."-We. the undersigned persons. do
hereby associate themselves together for the
purpose OF becoming corporation OF! under
ana pursuant TO the provisions of Title Two
o. of chapter thirty-fouI (5i) of the Gen
eral Statutes 1878" of the State of Minnesota
and the laws of said State of Minnesota
amendatory thereof, and for that purpose we
do hereby sign and adopt these articles of in
corporation:
ARTICLE ONE.
The name of this corporation shall be the
western Electric Heating Company and
the general nature of the business of said
company shall be the manufacture of electric
heating appliances, articles goods and ap-
paratus OF every description, and all articles
of merchandise i'll the use of which cleo
tricity enters rs factor and the principal
place of the transaction of the said business
shall be Saint Paul. Minnesota.
ARTICLE TWO.
The time of commencement of this corpo-
ration shall be August 18th, 1893, and the pc
ROD of its continuance shall be for the pc
Rod of thirty years from the time of its COM
mencement.
ARTICLE THREE.
The amount of the capital stock of said
corporation shall be one million of dollars
(SLt0eO00). divided into twenty thousand
C2IO0O) shares at the par value of fifty $4,000
dollars each Said capital stock shall lie paid
for,and in, i'll such manner and at such times
as the Board of Directors of this corporation
shall or may determine. and said corporation
may commence and do business When. ana
as soon rs. twenty thousand datiars Of sa.J
STOCK mas been subscribed SOr or pad in.
ARTICLE FOUR.
The highest amount of Indebtedness and
liability 10 which said corporation shall be
subject is the sum of five hundred thou
sand dollars.
ARTICLE FIVE.
The names of the persons forming this
Association for incorporation are:
ripl Or1apf NINN,-
and Charles p. Johnston, and the place of
residence of each and all of said persons is
the City of Saint Paul, Ramsey County, Min
nesota.
the government of this said corporation
and the management of its affairs shall be
/ vested in a Board of seven Directors which
said Board of Directors snail be elected by
| and from the stockholders of this Company
i at their meeting every tenth year. commenc-
ing with the year 1873 The first Board OF
| Directors of this Corporation shall be, and
| is Frederick d. Hager. Fred. p. Luther
| Henry b. Scott, Frederick Z. roster, Frank
Dabney, Charles P. Johnston and Thomas T..
| FauhAeroy. and said first Board of Directors
! sfsaf old fheit office, as such Directors, I'M
| tit 9tneir- successors are duly elected by the
said stockholders at their meeting i'll the
| year 1903. and until their successors shall
duly Qualify.
All Directors and officers of this Corpora
ton shall hold their positions and offices uu-
shall duly qualify.
The officers of this Corporation shall be
President, Vice President. Secretary. Treas
urer and Manager, and, except that of Presi-
dent ana Vice President any Two of said of
fees may be filed by one and the same per-
son. Every Board of Directors of this Com
pany, at their first meeting, shall elect from
among their number the officers of this Cor
poration, except that the said Manager. Sec
rotary and 7 treasurer thereof may be elected
by said Board at their said first meeting ire
! spective of their being members of The said
| Board Of Directors
The Board of Directors OF this Corporation
| shall have the power. by majority vote of
| SAID Board of Directors. ut any time, 20 re-
J move any director o. officer of this Company,
| ana TO fill any vacancy
The said Board of Directors shall have the
sole power TO make the Bylaws of this Com
| pany: and said Bylaws. among other
| things. shall designate and tx the duties of
! the Directors ana officers of the CONF any.
| their compensation and pay for any services
they, or any of them, may render said Com
pauy, and the times when the stockholders
| and Directors shall hold their general and
| special meetings; said Bylaws may from
| time TO time be changed or amended by said
Board of Directors at any of their meetings.
ARTICLE SEVEN go -.
The number of the shares of the Capital
| Stock of SAID Corporation Shall be twenty
| thousand (2O,Ot0l. and the amount of each
share shall be fifty dollars fS50.U0)
In witness whereof. we have hereunto set
our hands and seals this I'd day OF August.
| A. D. 1903 -a
FREDERICK D. HAGER, [SeaLl
FREDERICK p. LUTHER. LSeal.l
CHARLES Z. JOHNSTON, [Seai.
Signed, sealed and delivered III presence
a. S. MORTON h3 s1- es.'>.-s '--=
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