The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1904-09-30

ana machinery 1of which wool iron D brass.
copper or either or any sOf them form the
principal component parts and the mAnufac
turing or 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
mess Of this corporation shall be the City of
Virginia, St. Louis county, Minnesota.
ARTICLE II.
The time of the commencement of this cor
poration shall be the LIST day of October, in
the year of our Lord one thousand nine hun
dred apd four. and the period of its contInu-
ance shall be thirty (aO) years.
ARTICLE III.
The amount of the capital stock Of this cor
poratton shall be Twenty-Five Thousand
ts26. 900 , 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.
ARTICLEIV.
The highest amount of indebtedness or liza
bility to which this corporation shall ut any
time be subject shall be the sum OF Ten
Thousand { $40, OOOo Dollars
ARTICLE
The names aud 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.
Tue government of this corporation and the
management Of its affairs shu be vested in
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
The directors shall be elected bv the stock
holders by ballot. on the second End 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.
The board OF directors shall at their fret
meeting. after the annual meeting. in each
year, elect from the stockholders of said cor
poration. president. vice-presdent, secre-
tary and treasurer; said officers aud directors
shall each hold Office for one II year from
the second c2ndo Tuesday in January until
the second t2nd> 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 G. 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 (lst) day of October. 1904.
ARTICLE VII.
The number of shares of the capital stock
of said corporation shall be Two Hundred
and Fifty c250 }. and the par value of each
share shall be One Hundred $4,000, Dollars.
:. ARTICLE VIII.
The capital stock of this: corporation shall
be assignable and transferable upon the
books OF the corporation in accordance with
its bylaws and not otherwise.
The corporation, shall have the right to pur-
chase any of its stock which may be offered
to it by any stockholder.
All stock OF this corporation purchased by
it 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
poration and all and every of its stockholders.
In Witness Whereof. we. the undersigned.
have hereunto sci 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. lseall
Signed, sealed and delivered
in presence of
GEO. MALEsKI.
N. B. ARNOLD.
State of Minnesota, County of st. Louis, S.
On this 3rd day OF September, A. d. 1904.
before me, notary public within and for
said county and state, personally appeared
Albert 9. Osborn. Edward G. Bush and Syl
vester Pollock. to me known to be the per-
cons described in and who executed the with
in, instrument and acknowledged that they
executed the some as their free act and deed.
lSeal] NORvILL B. ARNOLD,
Notary Public St Louis County, Minnesota.
OFFICE or REGISTER OF DEEDS.
State of Minnesota. County of St. Louis, SO.
hereby certify that the within Instrument