The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1903-07-29

| STATE OF MINNESOTA.
| County of Redwood.
| The undersigned hereby associate them
] selves; and agree to become a CO operative
as tSi at under and by virtue of the
| and to that end have adopted, agreed to and
| signed the following articles Of incorpora-
| ton:
| the name OF the corporation shall be
! the Farmers Grain & Fuel Company. and
its principal place of transacting business
| shall be at the village of Delhi, MINI.
The general nature of the business to be
transacted by this association shall consist
in buying and selling grain and fuel.
The capital stock shall be Ten Thousand
dollars, three thousand dollars OF which
| shall be paid in at the beginning of the or
ganization, and the capital stock may be in
| creased from time to time. to and not ex-
ceeding Fifteen Thousand dollars The
| capital stock shall be paid in from time to
| time on the issuance of shares of stock to
purchasers becoming members. The said
| shares to be of the value of twenty five dol
| lars each, and no member shall at any time
own. or have any interest in. more than four
| "a such shares, and no shares shall be issu-
ment in cash therefor. No shareholder shall
have more than one vote in conducting the
affairs of this association.
"
This association shall commence business
on the 3Oth day of July, A. D. 1903, and shall
terminate on the 3Oth day of July, A. d.
The government OF this association and
the management of it's affairs shall be vested
ing officers: president vice president, treas
urer and secretary, who shall be elected on
the first Tuesday in July OF each year, and
cessors are elected and qualified. Vacan-
cies may be filled by special election at any
time.
No one but members of this association shall
be elected to any of the above Ofices, and
until the next annual meeting the following
shall constitute the first board of directors;
Moger, Herman Kaiser. C. A. Kuske- Fred.
Holt, John Olson. Peter Mckay and John
Kuck. The first officers, who shall hold
their office until the next annual meeting,
shall be D. r. McCorquodale president, E.
Carbert, vice resident, A. D. Mclean sec
rotary, and ]. A. Piersol treasurer.
vi.
The officers of this association shall have
power to appoint general agent to trans
act business for and in the name of the as
ISOLATION, who shall act under the direction
and control of such officers, and be appoint
ed for such time as may be agreed upon be-
tween him and the officers.
VII
This corporation shall at no time have. or
the amount of two-thirds of the shares Of
stock actually paid up as shown by the
books of the association.
VIII.
The private property of the members and
shareholders shall be exempt from all debts
of this corporation, except to the amount of
the shares of stock held by each respective
ly.
This corporation shall have power to Dor
row money from time to time, on the vote of
two-thirds of all the officers and directors,
at any special or regular meeting, Provided
that not more than two thousand dollars
shall be borrowed, and the debt shall at no
time exceed that amount. and the property
of the coTpor alton, real or personal, may be
mortgaged to secure such sums borrowed,
x
This corporate may at any time be dis
solved by a vote of twO-thirds of all the
sh are holders voting in favor of such diSolu-
ton
The names and places of residences of the
persons forming such corporation, are as
| follows:
D. R. McCorquodale, Delhi, Mimi.
A. D. Mclean, Delhi, MINI.
Andrew Stewart, Delhi, MINI.
David McNaughton, Delhi, MINI.
Carl Prodoehl, Floretta, MINI.
Hugh A. Stewart. Delhi, MINI.
], E. Moger, Redwood Falls, MINI.
Peter Mckay, Delhi, Mimi.
Matthias Monson, Delhi, MINI.
G. A. Kuske. Floretta. MINI.
IA. Piersol. Delhi, MINI.
Herman Kaiser, Delhi, MINI.
G. C. Adams, Delhi MINI.
Fred Starr, Delhi, MINI.
S. w. Adsit, Delhi, MINI.
Frank Wieske, Delhi, MINI.
John Kuck, Floretta, Mimi.
Fred Holt. Delhi. MINI.
In witness whereof, we have hereunto set
our hands and seals, this Goth day of July,