St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-04

A RTICLES OF INCORPORATION OF
N the western Electric Heating Com
pany. 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 thirtyfour GA of the Cen
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 i'll the use of which cleo
tricity enters as q 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 snail be August 18th, 1893, and the pc
riod 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
(Sl.U0o,O00), divided into twenty thousand
(200009 shares at the par value of fifty (S50.G0)
dollars each. Said capital stock shall be paid
for, and in, i'll such mannerand 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 has 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:
Frederick d. Hager, Frederick p Luther
and Charles p. Johnston, and the place of
residence of each and ali of said persons is
the City of Saint Paul, Ramsey County, Min
nesota.
ARTICLE SIX.
The government of this said corporation
and the management of its affairs shall be
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, commenc-
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 4. Foster, Frank
Dabney, Charles p. Johnston and Thomas II.
Fauntleroy, and said first Board of Directors
shall hold their Office, as such Directors I'M
til their successors are duly eiecIed by the
said stockholders at their meeting in the
year 1905, and until their successors shall
duly qualify
All Directors and Officers of this Corpora
ton shall hold their positions and Offices I'M
til their successors are duly elected and
shall duly qualify.
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
poratton, 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 Il majority vote of
said Board of Directors, at any time, 10 re-
move any director or officer of this Compauy
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 ana officers of the Com pany,
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 (2O,0U0). and the amount of each
share shall be fifty dollars (S50OO.
In witness whereof, we have hereunto set
our hands and seals this I'd day of August,
A. d. 1893
FREDERICK D. HAGER, [Seal
FREDERICK p. LUTHER. [Seal.
CHARLES P. JOHNSTON, LSeai.
Signed, sealed and delivered i'll presence
Of
A. 6. MORTON
j. B. JET.