The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1897-03-05
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 ~ of chapter
thirty-four GA. of the General Statutes of Min
nesota, for the year 1878, 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
which this corporation is established
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 other 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.
corporation is the 9Th day of March, A D., 1897,
and the period of the continuance thereof shall
be thirty years from said date.
Art. >. The amount of the capital stock of
this corporation shall be one hundred thousand
| (S1OO,OoOOU dollars and shall be divided into
one one thousand Q,OOW, shares of one hundred
| (SlO0.OO) dollars each, all of which shall be
paid in at the formation and beginning of this
corporation.
ART. b. Inc highest amount OF Indebtedness
| or liability to which this association shall at
any time be subject is three hundred thousand
| $500, 000.G0 dollars.
| Art 1.-THE names and places of residence of the
persons forming this association for incOrpora-
| ton are as follows Rensselaer, D. Hubbard, of
the City 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 Mankato, in the County
of Blue Earth aad State of NJ innesota.
ri government of
and the managementofits affairs shall be vested
| in boardof three directors who shall be stock
holders of this corporation, and who shall be
elected by the stockholders thereof, at their an
| nual meeting to be held at the City of Mankato
| in said County of Blue Earth, on the first Tues
| day in March, A. D., 1898, and until such time
| the following named persons shall constitute
| the board of directors of this corporal ton,
viz: Rensselaer, ID. Hubbard, Jay Hubbard and
| George NJ Palmer and until said annual meet
| ing is held, and the directors of this corpora
ton thereat chosen shall elect officers as here
inbefore provided, the officers of this corpora
ton shall be as follows: George NJ. Palmer
| president; Jay Hubbard secretary, and Rens-
selaer d. Hubbard, treasurer.
Art. 9. The directors and officers of this cor
pOratlon, 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
Art TO- The board of directors of this cor
pOration shall adopt such rules, regulations
and by laws, not inconsistent with these articles
or with the constitution and laws OF theState of
Minnesota, as they may deem necessary for the
government of the officers anG the conduct of
the affairs of this corporation.
In witness whereof. we have hereunto set our
hands and seals this 10th day of February, A.
ID. 1897
RENSSELAER, D. HUBBARD, (SealD
JAY HUBBARD, (Seal)
GEORGE M. PALMER, (Seal)
In presence of
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