The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1904-09-23


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 aud 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
mess of this corporation shall be the City of
Virginia, St. Louis county. Minnesota.
ARTICLE II.
The time of the commencement of this COR
porAtfOn shall be the LIST day of October, In
the year of our Lord one thousand nine hun
dred aud four. and the period of Its contlnu-
ance shall be thirty (aO) years.
ARTICLE III.
The amount of the capital stock of this cor
pOration shall be Twenty-Five Thousand
te25.OOO 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 La
hility to which this corporation shall at anv
time be subject shall be the sum of Ten
Thousand $4,000 Dollars.
ARTICLE
The names and places Of residence of the
persons forming this corporation are as fol-
lows. to-wit:
Albert @. Osborn. Virginia, Minnesota.
Edward G. Bush, Virginia., Minnesota.
Sylvester Pollock. Virginia. Minnesota.
ARTICLE vi.
The government OF this corporation and the
management ofits affairs shall be vested in
Ooard or three CD directors. who shall be
STOCKHOLDERS OF this corporation, and the fol-
lowing Ofhcers 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.
The directors shall be elected by the stock
holders by ballot. on the second End Tues
day In January of each year after the year
1901. each stockholder being entitled to cast
as many ballots rs he has shares OF stock At
such meeting
The board OF directors shall at their f,rst
meeting, after the annual meeting, in each
year. elect from the stockholders of said cor
poration president. vice-president, secre-
tary aud treasurer; said officers and directors
shall each bold Office for one { year from
the second C2nd) Tuesday in January until
the second end Tuesday in January of the
Following year; and until their successors
are elected and have accepted and qualified.
Until said officers shall be elected, the fol-
lowing named persons shall act as the first
board OF directors, tO-wit: Albert O. 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 c. Osborn. president and treasur.
er; Sylvester Pollock, vice president and
Edward G. Bush, secretary.
The first regular election of directors shall
be held on the first Ost) day of October. 1904.
ARTICLE VII.
The number OF shares of the capital stock
OF said corporation shall be Two Hundred
and Fifty c25o,. and the par value of each
share shall be One Hundred 800, co. Dollars.
ARTICLE VIII.
The capital stock OF this, Corporation shall
be .ass1gnab'e and transferable upon the
books of the corporation in accordance with
its bylaws and not otherwise.
The corporation shall have the right to Dur
chase any of its stock which may be offered
to IL by any stakeholder.
All stock of this corporation purchased by
1t In conformity to the provisions of this ar
ticle or the bylaws of said corporation may
be sold by the board OF directors to such per-
son or persons as the board shall deem likely
to add to the stability of the corporation, at
such price not less than par as the board
shall deem for the best interests of the cor
poratfon and all and every of its stockholders.
In Witness Whereof, we. the undersigned,
have hereunto SET our hands and seals, in
triplicate. at Virginia. Minnesota this 3rd
day OF September. in the year of our Lord one
thousand nine hundred and four.
ALBERT O. OSBORN. lSeal1
EDWARD G. BUSH. (Seal1
SYLVESTER POLLOCK lSeal1
Signed, sealed and delivered
In presence of
gro. MALEsKI.
N. B. ARNOLD.
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