The Saint Paul globe., 1896-12-19


We. the undersigned, do hereby associate
ourselves together for the purpose of form
ing corporation under the laws of the
State OF Minnesota. and for that purpose do
agree upon and adopt and sign the follow
ing Articles of Incorporation:
Article 1.-The name OF this corporation
shall be f. B. Fargo and Company, and the
general nature OF It's business shall be the
manufacture and sale of all kinds of cream
cry machinery and supplies and the erection
and equipping of creameries and cheese fac
tories. The principal place Of transacting
the business of said corporation shall be in
the City of st. Paul, Ramsey county, Mime
sofa.
Article 1.-THE time of the commencement
of this corporation shall be the I'D day of
December, 1896, and the period of it's con-
dnuance shall be thirty years
Article HI-The capital stock of this cor
poration shall be the sum of sixty thousand
dollars (s6O eco O0), to be paid in at such
times and in such amounts the board of
directors may order 1fy24
Article lV-The capital stock Of this cor
poration shall be divided into six hundred
shares of one hundred dollars ($1G0.00) each,
and shall be worcestershire.
Article V.-Fhe highest amount Of indebt-
edness or liability to which said corporation
shall at any time be subject shall be the
sum Of fifty thousand dollars $50. .Oo0oo).
Article VI.-The names and places Of rest
dence of the persons forming this association
for incorporation are as follows: rHH -
f. B. Fargo, Lake MilIs, Wisconsin.
e. J. Fargo, Lake Mills. Wisconsin, "
a. III. WeSetQann, Lake Md45, WISCONSIN,,
J. L. Crump, st. Paul, Minnesota.
Fannie NJ. Crump, St. Paul, Minnesota.
c. e. Frink. st. Paul, Minnesota.
Article VH.-The officers of this corpora
tion, in whom its government and the man
agement OF its affairs shall be vested, shall
consist of IA board Of six Directors one Presi-
dent. one Vice President, one Secretary and
one Treasurer. The Directors shall be elected
annually by the stockholders at their annual
meeting. The President, Vice President, Sec
retary and Treasurer shall be elected annually
by the Directors from among their number.
The office of Secretary and Treasurer may
be held by one person. The names OF the
hrst Board Of Directors, who shall hold
Office until the first annual meeting of said
corporation, as herein provided shall be as
follows: f. b. Fargo, E. j. Fargo, A. Fl.
Wegemann, j. l.. Crump, Fannie NJ. Crump
and c. E. Frink
Article VII1.-The annual meeting of the
stockholders shall be held the first Monday
in January in each year. and they shall at
the meeting elect a Board Of Directors for the
ensuing year. Each stockholder shall be en-
titled to one vote for each share of the cap
itai stock owned by him and duly transferred
to him on the books Of the corporation. I'M
mediately after receiving notice of their eiee-
tion as Directors said board shall organize
by electing from among their number a
President Vice President. Secretary and
Treasurer, and may order that the Treasurer
give bonds to the corporation for such amount
and with such proper sureties as shall be ap-
proved by said Board. In case of failure to
elect as herein provided the officers and di-
rectors shall in all cases hold office until their
respective successors are elected and quail
flied.
Article IX-The President shall sign all
certificates Of stock; shall be chairman of the
Board Of Directors and preside at their meet
ings. He shall be the general manager of the
affairs OF the corporation, subject to the SUI
pervision and control of the Board OF Di-
reetors and he shall exercise generally such
powers and duties az are ineuu-
bent upop such executive officer. The
Vice President shall also sign, all certid-
Gates of stock and exercise the functions Of
the president In case of his absence or in
ability to act. The Secretary shall keep
the books of the corporation and true ana
correct record OF all its proceedings and
shall co1ntersign all certificates Of stock
issued. The Treasurer shall have charge
and safely keep all the funds of the Asso-
citation and disburse them upon a written
order of the President coantersigned by the
Vice President and Secretary. The ulti-
ness of the corporation shall be vested in
the Board of Directors and they may en-
ploy or authorize the President from time to
time to employ such w6rkmen, superin-
tendents and assistants as may be neces-
sary for the proper conducting OF the bust
ness, and they may from time to time make
such rules or bylaws not inconsistent with
these articles as they may deem adyan-
tageous to the corporation. =
Article x.-Any one of THE Directors shall
have power to call 1neetiag of the stock
holders upon one days notiee. provided that
such notice Of stockholders meeting shall
be in writing and served personally If ten
or more days notice of any. meeting be given
said notice may be served by mall. Special
meetings OF the directors pr stockholders
may also be called by any OF the stockhold-
ers upon giving at least ten days notice in
writing.
Article XI.-No stockh6lder shall dispose
of his stock in this corporation without giy-
ing the other stockholders the first chance
to buy the same providing they pay as
much as any outside party may agree to
pay. The stock of this corporation shall be
transferable on its books -
IN WITNESS WHEREOF, we have here
unto set our hands and seals this 18th day
Of December, 1896.
T. B. FARGO (Sean.