The labor world., 1900-01-06
ARTICLES OF INCORPORATION
PAINE e. NIXON COMPANY.

PAINE & NIXON COMPANY, /,
The undersigned, for the purpose or
becoming corporation, under Title
two (2}; chapter thirty:four 90 of the
year 1873, as amended. do hereby
adopt the following Articles of Incor-
pOratiOn.
ARTICLE I. l
be. Paine & Nixon Company.
The general nature of it's business
shall be to manufacture, buy, hold, sell,
and dispose of and deal in. either at
count or upon commission, all kinds
of brick, stone lime, cement, glass,
lumber. iron and steel. and all other
building materials and building. sup
plies and generally, to do all such acts
and things, and acquire. use. hold. and
dispose of all such property as may be
incident Or convenient to the general
purpose herein expressed.
:. The. principal place for the, transact
ton shall be Duluth, Minnesota.
ARTICLE II.
The time Of the commencement of
the said corporation 11oo shall be January
a period OF thirty years.
ARTICLE III.
The amount Of the capital stock of
said corporation shall be Fifty Thous-
and Dollars ($5O,0O0.00), and it. shall be
pdlu Ill IIOill lllllC 70 ullIlG DIS lIIC SlldieS
of stock are subscribed for and taken,
provided that said corporation may
transact business and carry out the
purpose of it's organization when Ten
Thousand Dollars ($10,000.00) of its
capital stock shall have been subscrib-
ed for and taken. t
ARTICLE w.
The highest amount of indebtedness,
or liability to which said corpora tion
shall at any time be subject shall be
Ten ThODS n6 Dollars (S10 000 00l
ARTICLE V.
The names and places of residence
OF the persons forming said associa-
of Minnesota, F. j. Nixon and P C.
Schmidt, residing at Duluth, Mime
sota
ARTICLE VI.
and the management Of its affairs
shall be vested in a Board Of three di-
rectors. to be elected annually from
the Stockholders at the annual meet
ing, and the following officers to be
among their number viz:
President vice president, secretary
and treasurer, who shall hold their
respective offices for period of one
year. or until their successors have
any. two of said offices. except presi-
dent and vice president, may be held
by the same person. The Board of
Directors shall adopt such bylaws for
the government and management of
said corpora ton. not inconsistent here
with, as they may deem necessary and
proper.
Asa Paine, +. J. Nixon and P. G..
Schmidt shall constitute the first
Board of Directors, and until their
successors have been duly elected and
qualified, the following named persons
shall be the officers of the corporation:
Asa Paine president and treas
urer: +. j. NiXona secretary and man.
ager; and p. c. Schmidt, vice presi-
dent a - :.
The annual meeting of stockholders
shall be held at the office of the cor
ponation at Duluth. Minnesota, on the
third Tuesday Of January 1901, and
annually thereafter on said date, at
Two O'Clock in the afternoon.
ARTICLE VII.
The number Of shares of the capital
stock Of said corporation shall be ore
thousand shares of the par value of
fifty dollars C$50.00) each.
In Witness Whereof the above
named incorporators have hereunto set
their hands and seals this 22nd day of
December, A. d. 1S99
~ ASA PAINE, (Seal.)
F. J. NIXON. (Seall
P. C. SCHMIDT, (SeaD
L. W: WHITING. w. L. BRAY,
Witnesses to Asa Paine.
Fred REYNOLDS, ISABEL
-, REYNOLDS,
Witnesses to Nixon and Schmidt.