The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-08
Articles of Incorporation Of The Coats
Farmers Elevator Company.

%ArtiCIeS OF incorporation or The Coats
Farmers Elevator Company.
The undersigned do hereby associate
themselves together for the purpose of
forming corporation under and pursuant
to Title Two of Chapter "a of the Cen
eral Statutes of 1894 of the State of Min
nesota and acts amendatory thereof and
do HEREBY adopt the following articles of
Incorporation.
ARTICLE I.
The name of this corporation shall be
The Coats Farmers Elevator Company"
ARTICLE II.
The purpose for which this corporation
Is formed and the general nature of its
structing of suitable elevators and ware
houses, the buying, selling receiving.
storing, shipping, and holding of grain,
cereals and farm products of every de-
scr1pt1on and such business as may be in
c1dental to the operation of elevators and
warehouses, and the buying storing,
handing and shipping Of all such grains
ARTICLE III
The principal place of business of this
corporation shall be at Coats Station in
the County Of Dakota and State of Min
nesota.
ARTICLE W.
The amount of the capital stock of this
corporation shall be ten thousand dollars
($1O,O00.00), and shall be divided into five
hundred shares of twenty dollars ($2000)
OcC1Is 4NO OIl0 person snail De allowed to
hold or own more than fifteen (15) shares
OF the capital stock of this corporation
at one time All transfers of stock shall
be entered upon the books of the Company
and all applications for stock and for the
transfer of stock shall be subject to the
approval or rejection of the Board of Di-
rectors All shares of stock shall be paid
for in cash within ten (10) days after the
same snail have been subscribed.
ARTICLE "
liabilities to which this corporation shall
at any time be subject is two thousand
hve hundred dollars ($2,5O0.0O).
ARTICLE vi
The government of this corporation and
the management of its affairs and BUSINESS
rectors, who shall be stockholders and
shall be elected by the stockholders of
the company at their annual meeting;
which shall be held on the first Tuesday
in June each year at the principal Office
and place Of business, commencing with,
the year 1904. The members elected as
such directors shall serve for the term Of
one year after their election and until
their successors shall have been elected
and entered upon the discharge of their
duties. The following named persons shall
constitute the first Board of Directors,
and shall serve in that capacity until the
first annual election to be held in 1904
and until their successors are duly elected
duties, viz: James Johnston, William
Carroll. Bernard OHara, William D. Ryan,
John Rowe, William E. Callahan and
Henry JagOe. The officers of this corpora
ton shall be a president, vice president
secretary and treasurer. who shall be
chosen annually by the Board of Direc-
tors at a meeting to be held by said
ton Of said Board, which officers shall be
selected from the members of said Board.
The following named persons shall con-
stitute the officers of this corporation I'M
til the first annual election, and until their
successors are duly elected and enter upon
the discharge Of their duties, viz: James
Johnston, president; Bernard O'Hara, vice
president; William d. Ryan, secretary,
and William E. Callahan, treasurer. The
Board of Directors shall have full power
to make and adopt such rules, regulations
and bylaws from time to time as they
may deem necessary for the government
and management of the affairs of the cor
manager, define his duties and fix his
compensation, and may fill any vacancy
in said board or it's officers until the next
annual meeting.
ARTICLE VII.
Said corporation shall commence on the
9Th day of June, 1908, and shall continue
for the term of thirty 600 years.
ARTICLE VIII.
The names and places of residence of
the persons forming this corporation are
as follows, viz:
James Johnston, residing at Empire, Da-
kota county, Minnesota.
William Carroll, residing at Rosemount,
Dakota county. Minnesota
Bernard O'Hara, residing at Rose
mount. Dakota county, Minnesota.
William D. Ryan, residing at Rose
mount, Dakota county, Minnesota.
John Rowe, residing at Empire, Da-
kota county, Minnesota.
William q. Callahan, residing at Yer
million, Dakota county Minnesota.
Henry Jagoe, residing at Rosemount,
Dakota county, Minnesota.
In witness whereof we have hereunto
set our hands and seals this 9Th day of
June, 1903
JAMES JOHNSTON (SeaD.
WILLIAM CARROLL (SeaD.
BERNARD O'HARA (SeaD.
WILLIAM d. RYAN (SeaI.
JOHN ROWE (SeaD
WILLIAM E. CALLAHAN (Seal).
HENRY JAGOE,
Signed and executed in the presence Of
F. F. Casseday, T. E. Dewitt.
State of Minnesota, County Of Dakota,
On this 9Th day of June, 1903, per-
sonally came before me- notary
public in and for said county, James
Johnston, William Carroll, Bernard
O'Hara, William D. Ryan, John
Rowe. William E. Callahan and Henry
Jagoe, to me known to be the per-
sons described in and who executed the
foregoing articles of Incorporation, and
each for himself acknowledged that he
executed the same as his free act and
deed for the uses and purposes therein
set forth.
" nErUTvNTN