The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-05
ARTICLES OF INCORPORATION OF FERRIS
.isf & GRADY,

ARTICLES OF INCORPORATION OF FERRIS
& GRADY.
This agreement, made and entered into BY |
sueh pepsons as
the stock Of said corporation and shall thereby
become GO. parties thereto, witnesseth:
liam Il. Burd, Of Minneapolis, Minnesota, and
James H. Grady, of Fargo, North Dakota, DO |
81 omss nd IS bs, for the
ssions Of title 2, chapter 81 Of the General
| of. and we do hereby adopt the following Arti-
cles OF Incorporation:
The ma name Of this corporation shall be Ferris
The general nature of the business to he
transacted by this company shall be that of
CARRYING on and conducting a wholesale and
buying and selling of cigars and tobacco, and
doing such other necessary business may and
the owning, leasing and holding OF such real
estate as may be necessary to own, hold and
lease use. in connection with the said business.
of Hennepin and State Of Minnesota, but it
and places Of business whether in the State
of Minnesota or any other states, as may be
! poses hereinbefore indicated.
The time of the commencement of this cor
poraton shall be the 18th day Of January, 1905,
and 1t shall continue for a period Of thirty
(So) years.
!, The amount Of authorized capital stock Of
Dollars ($25 ,ooo) to be divided into shares Of
the par value Of One Hundred Dollars ($10O)
; to determine the times OF issuance and the
terms and conditions upon which such shares
of stock shall be issued. .'-a. .
This corporate shall have power to increase
its capital stock and the number: Of shares
thereof at any meeting of the stockholders spe-
cially called for that purpose, in the manner
hereinafter described with reference to meet
1ngs for the purpose of amending these Articles
OF tdo iineorp9 corporal by two.thirds vote Of the
: at the time when such meeting is held. But
In case the capital stock Of this corporation
the right at his option to subscribe for such
new new stock in proportion to the amount of old
STOCK held by him, In preference to any other
made In any vote or resolution by the stock
holders hereof for increasing the stock of this
: corporation.
eth, The highest amount Of indebtedness or liza
4 time De subject Is the sum of Fifteen Thousand
Dollars ($15.o0o). r.,
r The names and places Of residence Of tho
: persons persons forming the said corporation are IS
william H. Burd Of Mnn neapos Mnnesota
and James Il. Grady. of Fargo, North Dakota.
vi.
: Ine following named individuals shall con.
sttute the first Board of Directors. viz: lanes
: r. Ferris and William H. Burd Of Minneapolis
; Minnesota, and Max Davis. of Cincinnati, Ohio.
line government Of the corpora ton and the
management of its business and affairs shall be
vested In its Board OF Directors. consisting OF
! No person shall be eligible as director unies:
- ne IS bona fde owner of at least one share
!, Board of Directors hereinbefore named shall ac
as me Board of Directors of the said corporation
- | OF until their successors are elected.
After the expiration Of the term of said frs
Board Of Directors, the directors of this corpora
D. ers at their regular annual meeting, and tn
said Board Of Directors shall hold their office
d9r one year; and until their successors elect
The regular annual meeting Of the stakeholder
- shall be held at the office Of the corporation il
70 in January in each year. at ten o'clock in tn
r. forenoon, for the purpose of electing Board
" transaction Of such other business as may pror
cry come before such meeting. The regula
IN De held Immediately after the regular annua
p meeting OF the stockholders. at the same place
for the purpose Of eestng the officers Of tn
The officers Of this corporation shall consist g
81 the wa and sa
individual may hold the offices of president an
II be prescribed by the bylaws Of this CORPORATE tic
~ or shall be imposed upon them by the Board
It; The Board or Directors hereof may adopt sue
bylaws for the management of the business {
Nj az shall not be inconsistent with these Article
O. Incorporation and with the Statutes of tt
se Dro dad by BY bylaws
-s other officers, agents and managers as may
~ necessary nee tor the management Of the business
,% The Directors of said corporation shall ha,
ar power s, to FIJI any vacancy which may happen
their Board by death, resignat ton. or otherwis
- for the current year. and shall also have pow
to fill any vacancy in the offices of the corpor
ton which shall in like manner occur.
Special meetings Of the stockholders here
u ton at any time upon the written request Of
": ers holding the majority OF the stock of the co
poration. but at least ten (1o) days writ.
Secretary to each holder Of stock, as shown
the books Of the corpora ton. which notice shs
~ state the time place and object OF such meetin
on dressed to each stakeholder at his last-knov
place Of address. r. ,.-.-...-
= At all stockholders' meetings each stockhold
shall be entitled to cast one vote for each sha
OF the capital stock owned by him: in person
B n IF BY e9 WITH s s1
Of at or before the time the meeting conyenes
The books looks S Sa tbs its
in its said office for the inspection Of any Of 1
stockholders thereof, and such stockholders shs
~ corporation and shall have the right to exami
IA. the same at said office, and often as once
ar year true statement of the accounts of sa
th: corporation shall be made and exhibited to t
stockholders. '..
II VII.
These articles OF Incorporation may be amend
in any respect which might have been lawful
-. made a part of these original articles, at a
- regular meeting of the stockholders or at a
ntv special meeting thereof called for that purpo
iid by two-thirds vote of all it's shareholders a
by otherwise complying with the statutes Of t
. state Of Minnesota. III
= In witness whereof, have hereunto sign
our names this third day Of January, 1905.
= ! - ...- JAMES r. FERRIS,
80 E-=. W. II. BURD.
LAB s.. JAMES H. GRADY.
lcK- In presence Of .,s.=..s Ia .,.5.-.
1tes Max Davis, -, ~ - .
INT - f. ", Brown, .4r ..--.- ,t.a..
ats. n Az TO James r. Ferris and William
$50 Burd. ....r ~. n
one II. r. TUNER, r.. --
and Ed Nybaken, E.-s. 5..a. ---
re- ! As to James d. Grady. H.
fha . - -. s-.--l- - =.