The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1897-03-12

o.. 10.
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ARTJCI ES OF INTERPRETATION OF THE
DfSRROW MANUFACTURING co.
-
hnoW all men by THESE presents; that we, the
Undersigned, have agreed to and do hereby as.
SoclaCe ourselves toSether TOT the purpose OF
DmeCC1onlhg Incorporated under anu pursuant 20
Tue - OF Cnapter 81, OF tne Uenefal statues OF
Che otate OF Minnesota, and the several acts
alnenuatoTy thereo1, ana to that END 90 hereby
tes Ify ADOPT ana subscribe the following
ArGcles Oh incorporation.
ARTICLE l.
The nama of tbe cornoro+ion boroh, forood
and ornanized Shel ba ,sTao mishrnn O,fac
tnrino 20 ne staaooi no 80 nf ~ heinas
shall he to mannfsctnra md morIet comh;ned
churns and workers and other creamery sup
plies and machinery, and to do and perform
any ana all lawful acts, business and undertake
lngS as may De necessary essential, eXpedlent,
or usually incidental to the proper and efficient
W. LIS ; D IN oiS S f inS ous,hesI,
ness of this corporation and the location of It's
principal Office shall be in the (ity of Nankato
County of Blue Earth, and State Of minnesota,
~ , -
iiohh IL
The time of the commencement of this cor
poratlon shal be the I'D day of March, A. ID.
a. $50 If ~ 80. Io0t oo e I = e aoii ~ ~
date of commandments with the RIGHT of re-
newal as provided by law
,prrc,p
IL
Poratlon shall be nifty thousand (S50UOOOU dol
lars, TO pc pald IN from time to time IN such
manner as the board OF directors shall deter,
mime. None OF the sald stock shall be issued
until tne same is duly PAID for at Its par value;
p4t thls corporation may commence business
W t zen iInousand Sl0'VooOU dollars OF Its
s 81 snall oe subscribed Tor. AND whenever
It VI company nas tunoS on hahn" ana the board
OF directors deem IL advisable SO to do, 1T may
use SUCH iuus, OF any part thereot, IN the pur-
CHASE vi OUTSTANDING STOCK OF TINS company,
az n1s eAce99lnS Gne par value There0t. ana the
stoch 50 nelG may oe again solo ana re-lssued
whenever IL is deemed to be for the best inter
est OF TINS company SO to DO AND any stock
noldef desiring 10 sell ms stock shall hrst otter
IL TO ene company, ana II the company Is will;
ing W purchase ING Same dG Such price IL Snall
nave she rlght 10 90 so.
ARTICLE w..
The highest amount of indebtedness or Habil
itv to which this cornoration shall at anv t;nno
he snbiact ehaJI he t,-antuti,,e thn1samd
900 900 04I dollars NV ~
~''''O''O' u
The name and places of residence of the per-.
sons forming this aSsociat ton for incorporation,
are as follows: Reuben B. Disbrow, Darius W..
Payne, Levi A. Dlsbrow, HoratiO n. Seelye, all
of whom reside at Mankato, Minnesota, and
John Day Smith, who resides at Minneapolis
Minnesota.
,pr1crpvr
MI, go
manaaement Of itS affairs sba1I bo Jastn lA IN %
board of five directors, each and All of whom
Ill no stoolb niSoua =; a. gu ": " mIi9hi
na;or;ty Of gbono sbaII no,Stitt 'o Gnu q
for the TRANSACTION Of husinasS Tba nsnos Of
the first board of directors are as follows TO-
Wit: Reuben r. Disbrow BARNS w Payne
Levi A Dishrow Horatio SaaIve and iobn
Oav Smith who shall hold tbeir recnactive nf
flee unless sooner disouaIified until the first an
nual meeting of the stockhoIders ON the first
Tuesdav in Sentamber A n 1907 anS ,Int;I
others are chosen in their nIace and have onai
flied. The board of directors of This cor9ora
tion with the axcention Of said fret board
herein DESIGNATED shall he eIected from md Nv,
the stock holders each wear at the animal meet
ing thereof: which annual meeting shall he
held at the office of said comnanv in the citv of
Mankato on, the first Tuesday of Sentember of
each year at 10 O'clock a M
The officers of this corporation shall be presi-
| deat vice president Secretary and treasurer
and such other officers as the board of directors
| shall from time select or appoint
The first officers of this cOrDoration shall he
| as follows: Reuben b DIsbrows president.
| Levi A. Disbrow, vice president and Darius w
Payne, secretary and treasurer who shall hold
their several offices until the annual meeting of
| the board of directors to b. held ON the first
| Tuesday in September A. ID. 1897 Thereafter
| the presidents, vice president secretary and
treasurer shall be elected by and at the meeting
u ofe oo oar ol ulIecIors, 10 3e nela lmmedate
Tbe president and vice Oresi5snt sbeI he
aInc+a4 f, tb d hnrS Sioe 3t shau oe
elected from the board OF directors; the same
Lay olu at 1e same time the once Oh
'0eoiS anu u
The board of directors shall have the power
| to make and establish bylaws, and the duties
OF the officers OF this corporation shall be such
as are defined by Its bylaws as hereinafter
adopted. If, for any reason, there shall be
dractors az fbe t;me r .S ee1s ce Sparu Oh
| aIact;on No. ha ID az on. ID; $500 o a
of ch orSoI IL atin ao Guy aoii eeti
| Of Tho stocLbolderS cs1Ia6 for fbof nnrnose
Oh 1ne SoSchGtoers eaiieq ZOE Inat Ru Up
ers. Inmediately after the adjournment of
every annual meeting of the stockholders, the
board Of directors elected at such meeting shall
| immedlateiy holu regular annual meeting at
|