The labor world. [volume] (Duluth, Minn.) 1896-current, 1900-05-12
Ely, HARRIS & Co., Articles OF Incor.s
pQrQtiOn.

Know all men by these presents that
we, the undersigned, by these articles
OF agreement and writing, do hereby
associate ourselves together under and
(2) Chapter (34) Of the general statutes
OF eighteen hundred and seventy-eighr
OF the state Of Minnesota, ana acts
amendatory thereof and supplementary
hereto, under the name hereinafter
assumed and designated for the pur-
pose of forming corporation and we
40 hereby organize by adopting and
signing the following articles of incor-
poration, viz:
First: The name Of the corporation
PANY, the general nature of it's bust
ness snail be buying, selling, handling
and storing grains, seeds and other
merchandise for itself, other corpora
TONS, person or persons, or on commits
sion' ana 1a,. doing and performing any
Isentlal on expedient to the proper and
efficient conduct for the business afore-
said: The principal office for the tran
sactlOn OF the business of the said COM
pany shall be in the city OF Duluth,
county OF st: Louis, state of Minnesota.
Second. The time Of the commence
nent OF said corporation shall be the
| Fifteenth day of March, A. D., 1900, and
the period of it's existence shall be
twenty years.
Third. The amount of capital stock
OF said corporation shall be ten $50. OO0)
thousand dollars divided into one hum
dred ClOO) shares of one hundred dol
lars each, and same shall be paid in as
demanded by two thirds vote of the
directors.
Fourth. The highest amount of in
debtedness or liability to which said
corporation shall at any one time be
subjected shall be Fifty Thousand dol
lars.
Fifth. The names and places of res
ldence OF the persons forming this asso-
John A: Ely, Francis NJ. Harris and
Henry F: Salyards, all residents of the
city of Duluth, county Of st. Louis.
state Of Minnesota.
Sixth. The first board of directors
are as follows: John A. Ely, Francis
directors above named shall continue in
Office until the next succeeding. cleo
ton and their successors are elected
and qualified providing said directors
may MI any vacancy in their board
otherwise before their successor are
mentioned. The government Of said
corporation and the management of its
affairs shall be vested in a boar1 Of
five or less than three persons.
The directors shall be elected by and
from the stockholders annually at their
annual meeting to be held in Duluth.
Mimi, on the first Tuesday OF, January
OF each and every year, and shall hold
their office for one year or until their
successor is duly elected and qualified.
The directors immetl iately after their
elect ton shall electron Of their nunsbaE
president, and from one of their nuns
Der or otherwise, manager and treas
urer. and two offices may be held by
one person except that of president.
Seventh. The board of directors shall
adopt bylaws providing for the gov
eminent of the property and the bust
ness of the company and defining the
duties of the several officers of the
company. -
In witness whereof we have hereunto
set our hands and seals this, fifteenth
day of March. A. D., 1900. a-T
JOHN A. ELY,
FRANCIS M. HARRIS,
EHENRY F. SALYARDS.
Signed, sealed and delivered in the
presence of
Il. F. UPHAM,
r TT p0TaVTEE3