The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-03-17

WE, THE UNDERSIGNED, FOR THE
purpose of forming manufacturing
provisions of Title Two (2)e OF Chapter
Thirty -four (3D of General Statutes
1874" of the State of Minnesota and the
Laws amendatory thereof and supple
mentary thereto, do hereby associate
ourselves together and adopt the follow
ing Articles of Incorporation:
'.s ARTICLE l.
The The name of this. corporation shall be
German Electric Company
The general nature of the business of
this corporation shall be to manufac-
ture Electric Dynamos Motors, Switch
boards and any and all kinds of Electric
poration shall be limited to the business
of said manufacturing and to the bust
ness essential thereto. The principal
shall be at ST Paul, Minnesota. This
corporation shall commence on the
Thirtieth day of March, A. D. 1903, and
continue for period of Thirty 900 years
next thereafter
ARTICLE II
The amount of capital stock Of this
corporation shall be Fifty Thousand Dol
iars and shall be divided into Five Hun
Gne u, SHARES s Of the par value Of
stock, to the amount of Twenty Thousand
100000 Dollars shall be subscribed for
at the time of commencing the business
of this corporation and shall be paid for
as the Directors of this corporation shall
prescribe, and after the issue of the first
twenty Thousand ($2000O) Dollars of
stock shall be sold, issued and paid for
at such time and in such manner as the
Board of Directors may from time to
time determine.
ARTICLE III.
The highest amount of Indebtedness
or liability to which this corporation shall
at any time be subject is Ten Thousand
($10,O00) Dollars.
ARTICLE ".
The name and place of residence of
each OF the persons forming this corpora
John German, Gertrude E. German and
George E. Budd, all residing in ST. Paul
Minnesota.
ARTICLE V.
The government of this corporation and
vested In Board of Directors consist
ing of Three 60 persons, and said Direc-
tors: save as Is herein provided shall be
poration at their annual meeting. which
annual meeting shall be held between
the hours of TWO (2) and Four "a
Tuesday in January Of each year at the
st. Paul.
The first annual Stockholders meeting
shall be held at the time and place above
named in the year 1904. Each Director
after the first annual meeting shall hold
his office for One Year and until his sue
cessor is elected and qualified, and each
Director, after this corporation is organ
lied. shall be stockholder thereof In
/ case there is vacancy in the Board of
Directors at any time for any cause such
vacancy may be filled by the remaining
members Of the Board, and the person
SO elected member by the Board may
hold his office until his successor is elect
ed by the Stockholders at some succeed
ing meeting. of the Stockholders.
Untn said first annual meeting of
cessors are. elected and qualified the
Board of Directors, subject to change as
herein provided. shall consist of the per
sons named in and signing these Articles.
regular meeting of the Board of Di-
rectors of this Company may be held
! at said principal office of said Com
! are present and assent thereto and the
first meeting of said Board of Directors
may be held at said place on the 30th
day of March 1903 without further no
uce being given thereof.
majority of the Board Of Directors
may constitute quorum for the trans
action of business.
ARTICLE VI
The, executive officers of this corpora
ton shall consist of a President Vice
President Secretary, Treasurer and Cen
eral Manager, each Of whom shall be
elected by the Board Of Directors, and
each shall hold his office for such time as
the directors may deem advisable, and
each shall perform such duties as the
Articles and Bylaws may direct
| Any stakeholder may hold more than
one office in this corporation, and each
officer after this corporation is organized
shall be Stakeholder therein
In witness whereof. We have hereun-
to set our hands and seals this Tenth
| day of March, A. D. 1903
JOHN GORMAN, (Seal
GERTRUDE E GORMAN, 1SeaI}
GEORGE E. BUDD. (SeaI.
Witnesses:
S. M. Hayes,
Ingrid E. Cederberg