St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-07

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 under
and pursuant to the provisions of Title Two
(2) of chapter thirty-fOur (34) of the Gen
eral Statutes 1873" of the State of Minnesota
and the laws of said State of Minnesota
amendatUry 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 as a 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 eth. 1898, and the pc
Rod of its continuance shall be for the pc
riod 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
(SLoOH,0OD. divided into twenty thousand
T. t0OO) shares at the par value of fifty $4,000
dollars each. Said ca pital stock shall be paid
fOr,and in, i'll such manner and at sucn times
as the Board of Directors of this corporation
shall or may determine. and said corporation
may commence and do business when. and
as soon as. twenty thousand dollars of said
stock mas been subscribed for or paid in.
ARTICLE FOUR.
The highest amount of Indebtedness and
liability TO 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:
al
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.
ARTICLE SIX.
Tine 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 shall be elected by
and from the stockholders of this Company
at their meeting every tenth year, commence
ing with the year 1893 The first Board Of
Directors of this Corporation shall be, and
is, Frederick d. Hager, Fred. P. Luther
Henry b. Scott, Frederick L. roster, Frank
Dabney, Charles 2. Johnston aud Thomas r.
Fauntleroy and said first Board of Directors
shall hold their Office as such Directors, I'M
til their successors are duly elected by the
said stockholders at their meeting in the
year 1908, and until their successors shall
duly Qualify.
All Directors and Officers of this Corpora
ton shall hold their positions and offices un-
shall duly qualify.
The officers of this Corporation shall be
a 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
poraton, except that the said Manager. Sec
rotary and Treasurer thereof may be elected
by said Board at their said first meeting ire
spectlve of their being members of the said
Board Of Directors.
The Board of Directors OF this Corporation
shall have the power. by a majority vote of
said Board of Directors at any lime, 20 re-
move any director o. officer of this Company
and to fill any vacancy.
The said Board of Directors shall have the
sole power 10 make the Bylaws of this Com
p6ny; and said Bylaws, among other
things. shall designate and fix the duties Of
the Directors ana officers of the Company.
their compensation and pay for any services
they, or any of them, may render said Com
pany, 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.
The number of the shares of the Capital
Stock of SAID Corporation shall be twenty
thousand (20,OC0). and the amount of each
share shall be fifty dollars (S5oVl0.
In witness whereof, we have hereunto set
our hands and seals this I'd day OF August.
A. d. 1898
FREDERICK D. HAGER, [Seal.1
FREDERICK p LUTHER, Seal
CHARLES p. JOHNSTON, lSeal.
Signed, sealed and delivered iii preScuca
A. s. MORTON
j. b. JET.