The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1896-04-17
Articles of Incorporation
OF THE
hQ1hQlO Fruit Commission Co.

Know ALI Men by These Presents; That we
the undersigned, do hereby associate ourselves
together for the purpose of forming and organ
lzlng corporation under provision of title two
(2) of chapter thirty-fouT (34) of the General
Statutes of the State of Minnesota, and the acts
amendatory thereof, and supplementary there
to, and to that end and purpose we do hereby
adopt and sign the following articles of incor-
poration, as follows:
ARTICLE I.
The name of this corporation shall be "The
Mankato Fruit Commission Company"
The general nature of the business of this cor
poration shall be the engaging in and carrying
on general mercantile business and the pur-
chasing and sale of all kinds of fruits and pro-
sion business together with such business as
may be incidental thereto.
The principal place for transacting the bust
ness of this corporation shall be at the City of
Mankato, in the County of Blue Earth, and
State of Minnesota.
ARTICLE II.
The time of the commencement of this cor
poration shall be the first 1st) day of May, A.
ID. 1896. and the period of the continuance of
said corporation shall be ten (10) years.
ARTICLE ILL.,
The amount of the capital stock of this cor
poratlon shall be ten thousand dollars ($l0,-
100000, and the same shall be paid in at such
times and in such installments as the same may
be called for by the board of directors
ARTICLE ".
The highest amount of indebtedness or liabil-
ity to which this corporation shall at any time
be subject, shall be the sum of ten thousand
dollars ($10,000.00)
ARTICLEv.
The names and places of residence of the
persons forming this association for incorpora-
ton are as follows, to-wit: Stephen 6. Palmer
and George G. Sherman, who reside at the City
of Minneapolis, County of Hennepin, State of
Minnesota, and CLARA A. Wright, who resides
at the City of Mankato, County of Blue Earth
and State of Minnesota.
ARTICLE VI.
The names of the first board of directors of
this corporation are Stephen G. Palmer, George
Q. Sherman and Clara A. Wright, in whom and
in their successors in office, and in president,
vice-president, secretary and treasurer, the gov
eminent of this corporation and the manage
ment of its affairs shall be vested.
The board of directors herein named shall
hold ottice.until the second Tuesday in January,
A. ID. 1897 when, and at every succeeding second
Tuesday in January, the stockholders of said
corporation shall meet at the Office of said cor
Poration, IN said City Of Mankato. Blue Earth
90 directors, who shall at once organize by
electing president, vicepresident and secre-
tary and treasurer.
The board of directors herein named shall
elect at their first meeting president and vice.
president, who shall be chosen from their own
number, and also secretary and treasurer, who
shall be the officers of the company Any per-
son may fiji any two of the said offices except
president and vice-president and all members of
the board of directors and officers shall
hold their offices until their successors are
elected and enter upon their duties. The board
of directors shall elect appoint such other Of
fcers agents as they may find necessary for
the transaction of the business of the said cor
poration
Bylaws may be adopted by the directors de-
timing the duties of the various officers and
agents of the corporation, and providing for the
administration of the details of its business.
ARTICLE VII.
The number of shares of the capital stock of
said corporation shall be two hundred (200) and
@l~1, % h-bo ball bn f%xy1 ~iIn
($5000).
In witness whereof we have hereunto set our
hands and seals this the 23d day of March, A.
d. 1896.
STEPHEN G. PALMER, ISeal1
GEORGE G. SHERMAN, tSeall
CLARA A. WRIGHT. Seal