Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1904-04-27
Articles Of Incorporation
Of The Kandiyohi Farmers Union
Elevator Company.

KNOW ALL Me- BY THESE PRESENTS. That
we, whose names are hereunto subscribed,
have this day agreed to and do hereby vol
body corporate and tor the purpose Of form
ing a corporation for the purposes hereinaf-
ter specified and expressed. and do under and
Of Chapter thirty-four (34) of the General
Statutes Of the State Of Minnesota of 1894
and the Acts amendatory and supplementary
purpose and to that end do hereby sign and
adopt the following Articles OF Incorpora-
ton.
ART1CLE1.
The name of this corporation shall be 1.-THE
kandiyohi Farmers Union Elevator Com
pany." The general nature of it's business
shall be the buying. selling, receiving, storing
and the products thereof and also farm pro-
ducts of every description; also fuel lumber,
farm machinery and farm implements and
supplies of every descriptions: also grinding
wheat, other cereals and feed; also to pur-
chase, erect. maintain and control warehouse
eS, elevators and mills for the storage and
grinding of wheat and other cereals and the
products thereof; to act in the capacity of a
general commission merchant; to purchase
retain and own, sell. convey lease mortgage
and improve such real estate, buildings and
personal property the business of the cor
poration may require within the state of
Minnesota.
mess of this corporation shall be at kandi-
yohi station kandiyOh County, M innesota.
ARTICLE II.
The time of the commencement Of this cor
pOratiOn shall be the 81 st day Of April A. d.
1904. and the period of continuance Of same
shall be thirty (3O) years thereafter.
ARTICLE III.
The amount of capital stock Of this corpor
alton shall be Ten Thousand Dollars ESQ.,
OOO.OW which capital stock shall be paid in
at such times and in such manner as the
Board Of Directors shall determine and di-
rect.
No person shall be entitled to own or hold
ore than two co shares Of such stock at
stock shall be subject to the approval or re-
lection of the Board Of Directors. No stock
holder shall be entitled to more than one %
vote. The stockholders Of said corporation
shall have the first refusal of any and all
stock offered for sale by any stockholder. the
value thereof shall be on a par value basis.
ARTICLE ".
The highest amount Of indebtedness or liza
liable at any one time shall not exceed the
amount Of capital stock paid in.
ARTICLE V.
The names and places Of residence of the
persons forming this corporation are as fol-
lows, to-wlt:
Names. Residence
John. Wicklund.. X andy obi, Minnesota
John H. Carlin.. X andiyOhi. Minnesota
Christ PearsOn.......... kandiyohi, Minnesota
Charles 0: Bergquist.. X andiyohi, Minnesota
Ncls o. Johnson. andy ohi, Minnesota
Frank a. Nelson...... * andiy ohi, Minnesota
Peter NJ. Burns. ...... X and yoh;, Minneso a
Charles Gabriclson..... K andy y Obi, Minnesota
ARTICLE vi.
! The government of this corporation and
the management of its affairs shall be vested
in a Board Of seven Directors who shall be
elected by the stockholde at the regular an
nual meeting to be held on the first Saturday
of September in each and every year at one
O'Clock p. m. of said date at the principal
place Of business Of this corporations: and
said Directors shall hold office for one year
and until their successors are elected and
qualified.
The following named persons are hereby
elected and created Directors Of this corpor:;
election and until the new Directors shall
qualify, to wit: John Wicklund, John H.
Carlin, Christ Pearson, Jno. NJ. Downs,
Charles O.. Bcrgquist, Nels O. johnson,
Frank A. Nelson and Peter Nd. Burns, all OF
Kandiyohi, Minnesota. o.. j.. 80
Within three days after the election Of the