The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1904-09-09

ARTICLE l.
The name of this corporation shall be Vir-
ginia Foundry & Machine Co.
The general nature Of the business of this
corporation shall be to manufacture iron,
brass. copper, and other metals and minerals
into castings and forgings; to manufacture
all kinds of machinery and parts thereof. in
Guiding engines, pumps, HOSTS. drills and
farm Implements; to manufacture boilers,
smoke stacks, and all articles, implements
and machinery of which wood, iron. brass,
copper or either or any of them form the
principal component parts and the manufac-
turing of the materials therein used; and to
sell any and all of said articles; to hold, own
and use letters patent pertaining to the man.
ufacture of any or all Of such articles above
mentioned, or the component parts thereof,
and to do any and all things properly incident
to or necessarily connected with such manu-
featuring and mechanical business.
Any of said business may be carried on In
the state OF Minnesota or elsewhere.
The principal place of transacting the bus
fhess of this corporation shall be the City of
Virginia, St. Louis county, Minnesota.
ARTICLE II.
The time of the commencement of this COR
the year of our Lord one thousand nine hun
dred and four. and the period of its continu-
ance shall be thirty (3O) years.
ARTICLE III.
The amount of the capital stock of this cor
poration shall be Twenty-Five Thousand
{ $25, 600 Dollars, and the same shall be paid
in such manner and amounts and at such
times and upon such conditions as shall be
prescribed by the board of directors of said
corporation.
ARTICLE Nv.
The highest amount of indebtedness or liza
'bility to which this corporation shall at any
time be subject shall be the sum of Ten
Thousand 100000 Dollars.
ARTICLEV.
The names and places of residence of the
persons forming this corporation are as fol-
lows, to-wit:
Albert G. Osborn. Virginia, Minnesota.
Edward G. Bush. Virginia. Minnesota.
Sylvester Pollock, Virginia, Minnesota.
ARTICLE vi.
The government of this corporation and the
management of its affairs shall be vested in q
board of three go directors, who shall be
stockholders of this corporation, and the fol-
lowing officers to be chosen by said board of
directors from among the stockholders of
said corporation, tO-wit: president, vice
president. secretary, and treasurer. Any two
CD of said offices may be held by the same
person with the exception of the offices of
president and vice-president. ,S,Es:,d s@;~*ts
The directors shall be elected bv the stock
holders by ballot. on the second t2nd Tues
day in January of each year after the year
1904, each stockholder being entitled to cast
as many ballots as he has shares Of stock at
such meeting. ~ 81 ] :* r. q @.55.. szz5
The board of directors shall at their first
year, elect from the stockholders of said cor
poration, president. vice-presidenf, secre-
tary and treasurer; said officers and directors
shall each hold Office for one i } year from
the second e2nd Tuesday in January until
the second 2nd Tuesday in January of the
following year; and until their successors
are elected and have accepted and qualified.
s Until said officers shall be elected. the fol-
lowing named persons shall act as the first
board Of directors, tO-wit: Albert q. Osborn,
Edward g. Bush and Sylvester Pollock, and
until said election the following named per-
SONS shall be officers Of said corporation, to-
wit: Albert G. Osborn. president and treasur-
[er; Sylvester Pollock; vice-president and
Edward g. Bush, secretary. .fS
The 6rst regular election Of directors shall
be held on the first llst) day OF October. 1901.
ssS ARTICLE VII II SIS Is4
The number Of shares OF the capital stock
OF said corpoFarion slall Is Two Hundred
and Fifty md the par value Of each
sl,are The Ono Hundred e1loe. % Dollars.