The Saint Paul globe., 1896-12-18
Articles OF Incorporation OF r.. ID.
Fargo and COmpauy


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 ana sign the follow
Article 1.-The name Of this corporation
shall be F. B. Fargo and Company, and the
general nature of its business shall be the
cry machinery and supplies and the erection
and eQuipping of creafneries and cheese fac
tories The principal place Of transacting
the business of said corporation shall be in
the City of st. Paul. Ramsey county, Minne-
sofa. ~
Article 1.-THE time Of the commencement
of this corporation shall be the 22d day of
December, 1896, and the period of it's con-
tinuance shall be thirty years.
Article IL-The capital stock OF this cor
poration shall be the sum of sixty thousand
dollars ($60 600 00), to be paid In at such
times and In such amounts as the board of
directors may order. "a
poration shall be divided into six hundred
shares Of one hundred dollars ($10000) each,
and shall be non-assessable.
Article V.-The 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. .0O0.0O).
Article yI.-The names and places OF resi-
dence of the persons forming this association
for Incorporation are as follows:
F. B. Fargo, Lake Mills, Wisconsin.
e. J. Fargo, Lake Mills. Wisconsin.
n. II. W6SSnduu, 11dh0 Mills, WISCONSIN.
j. L. Crump st. Paul, Minnesota.
Fannie M. Crump, St. Paul, Minnesota.
G. e. Frink, St. Paul, Minnesota.
Article VII.-The officers Of this corpora
ton, In whom its government and the man
agement of its affairs shall be vested shall
consist Of 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
NV fh4 or -
The Office of Secretary and Treasurer may
be held by one person. The names OF the
first 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. H.
Wegemann, ]. l.. Crump. Fannie NJ. Crump
and c. E. Frink.
Article VIII-The annual meeting of the
stockholders shall be held the first Monday
in January in each year, and they shall at
the meeting elect Board of Directors for the
ensuing year. Each stockholder shall be en-
titled to one vote for each share Of the cap
ital stock owned by him and duly transferred
to him on the books of the corporation I'M
mediately after receiving notice of their cleo
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 sureies as shall be ap-
proved by said Board. In case of failure to
elect as herein provided the officers and di-
recters shall in all hold office until their
respective successors are elected and quail
iied &9
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 Dr.
rectors, and he shall exercise generally such
powers and duties as are incum-
bent upon such executive officer. The
Vice President shall also sign all certif-
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 and
correct record of all its proceedings and
shall countersign all certificates Of stock
issued. The Treasurer shall have charge
and safely keep all the funds of the Asso-
order of the President countersigned by the
Vice President and Secretary The ulti-
mate direction and control of all the bust
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 workmen, superin-
tendents and assistants as may be neces-
sary for the proper conducting Of the busi-
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 meeting of the stock
holders upon one days notice, 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 mail. Special
meetings of the directors stockholders
may also be called by any of the stockhold-
ers upon giving at least ten days. notice in
writing. y dt
Article XI.-No stockholder shall dispose
Of his stock in this corporation without Civ
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 it's books.
IN WITNESS WHEREOF, we have here
unto set our hands and seals this 18th day
- coz