The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1897-02-26
ARTICLES OF INCORPORATION.

We the undersigned, whose names are here
unto subscribed, have agreed to and do hereby
associate ourselves together under the constitu-
ton and laws of the state of Minnesota. and
more particularly under title two (2) of chapter
thirty-four ga. of the General Statutes of NJ in
nesota, for the year 1873, and laws amendatory
thereof as corporation under the name and
for the purposes hereinafter set forth, and for
such purposes do hereby adopt the following:
ARTICLES OF INCORPORATION.
Art 1. The name of this association shall
be Hubbard q Palmer Co.
Art.2 The business. and purposes for
which this corporation is estab lished
is and shall be constructing, leasing
and operating warehouses and eleva-
tors and buying and selling and dealing in
all kinds of grain, together with the manufac-
tured and OF her products thereof, seeds, coal,
wood and other fuel, lands and real estate, in
the State of Minnesota and elsewhere, and to
do all business incident thereto or connected
Herewith.
Art 3. The principal place of business of
this corporation, and of the transaction of the
same, shall be the City of Mankato, in the
county of Blue Earth and State of Minnesota.
Art 4. The time of the commencement of this
corporation is the 5th day of March, A. d., 1897,
and the period of the continuance thereof shall
be thirty years from said date.
Art. D. The amount of the capital stock of
this corporation shall be one hundred thousand
&1OO,OOOOO dollars and shall be divided into
one thousand $1,000 shares of one hundred
C$lO0OO dol lars each, all of which shall be
paid in at the forma lion and beginning of this
corporation.
Art. 6. The highest amount of indebtedness
or liability to which this association shall at
any tim be subject is three hundred thousand
$500 ,00UO0) dollars.
Art 1.-THE names and places of residence of the
persons forming this ASSOCIATION for incorpora-
ton are as follows Rensselaer, ID. Hubbard, of
the lty of MankatO. in the County of Blue
Earth and State of Minnesota; Jay Hubbard,
OF the City of Mankato, in the County of Blue
Earth and State of Minnesota; George M.
Palmer, of the City of ankato, in the County
OF Blue Earth aad State of innesota.
Art s., The government of this corporation
and the mauagementofits affairs shall be vested
holders of this corporation, and who shall be
elected by the Stockholders thereof, at their an
nGal meeting 10 be held at the City of Mankato,
in said County OF Blue Earth, on the first Tues
day IN Mai c y. D., 1898, and until such time
the flowing named persons shall constitute
the board of directors of this corporation.
viz: RENSSELAER, ID Hubbard, Jay Hubbard and
tie rye M. Palmer, and until said annual meet
ing IS held and the directors of this corpora
ton therert chosen, shall elect officers as here
i'll bet re provided, the officers of this corpora
ton shall be as follows: George NJ. Palmer,
president: Jay Hubbard, secretary, and Rens-
selaer ID. Hubbard, treasurer
Art: 8. The directors and officers of this cor
pOraticn, except those designated to act as
such until the first annual meeting thereof,
shall hold their respective offices for the term
of one year, and until their successors are
elected and qualified. and in case vacancy oc-
ours in any such offices, the same shall be filled
by appointment by the directors, or the re-
naming members thereof, until the next an
nual meeting.
Art. 10. The board of directors of this cor
poration shall adopt such rules, regulations
and by laws, t.incOnsistentw with these articles
or with the constitution and laws OF theState of
as they may deem necessary for the
government of the officers, and the conduct of
the att airs of this corporation.
In witness whereof. we have hereunto set our
hands and seals this 10th day of February, A.
d. 1897.
RENSSELAER, D. HUBBARD, (seal)
JAY HUBBARD, (Seal)
GEORGE NJ. PALMER, (Seal)
In presence of
LORIN CRAY,