St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-03

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
ana pursuant TO the provisions of Title Two
(2) of chapter thirtyfour GA of the Gen
eral Statutes 1873 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 APP
paratus of every description and all articles
of merchandise in the use of which cleo
trlclty enters as 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
(SLt0t,UQ0). divided into twenty thousand
(2.O00) shares at the par value of fifty (S5U.00)
dollars each. said capital stock shall he paid
tor,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, and
as soon as, twenty thousand dollars Of said
STOCK mas been subscribed for or paid in.
ARTICLE FOUR.
The highest amount of Indebtedness aud
naDlIity 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:
Frederick ID. Hager Frederick Iuthor
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
ana the management of its affairs shall lie
vested in Board of seven Directors which
said Board of Directors snail be elected by
and from the stockholders of this Company
at their meeting every tenth year, commeuc-
ing with the year 1888. The first Board OF
Directors of this Corporation shall be- and
is Frederick D. Hager, Fred. P Luther.
Henry b. Scott, Frederick E. Foster Frank
Dabney, Charles p. Johnston and Thomas T.
Fauntleroy. and said first Board of Directors
shall hold their office, as such Directors I'M
I'll their successors are duly elected by the
said stockholders at their meeting in the
year 1908, and until their SUCCESSORS shall
duly qdalify.
All Directors and Officers of this Corpora
ton shall hold their positions and offices un-
III their successors are duly elected and
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 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 a majority vote of
SAID Board of Directors at any time 10 re-
move any director OF officer of this COMPANY
and 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 fix the duties of
the Directors and officers of the Company
their compensation and pay for any services
they, or any of than, 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 b. said
Board of Directors at any of their meetings
ARTICLE SEVEN.
The number or the shares of the Capital
Stock OF SAID Corporation shall be twenty
thousand (20,OU0). and the amount of each
share shall be fifty dollars (S50OU)
In witness whereof, we have hereunto set
our hands and seals this ID day of August,
a. d. 1893.
FREDERICK D. HAGER, [Seal
FREDERICK p LUTHER, Seal
CHARLES P JOHNSTON, ISeal
Signed, sealed and delivered in presence
a. s. MORTON.
Tr.rr