The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-06
STOVE REPAIRS %,i@.
REPAIRS FOR ALL STOVES; GREAT IVES.
tern Stove Repair Co.. 312 Hennepin av.
ARTICLES OF INCORPORATION OF FERRIS
- ,.5- - E, GRAnv d. - !, ~ .yr

~ - -. -. & GRADY. 8" ~ II -. - .
>~This agreement made and entered into by
and between the persons hereinafter named and
such persons as shall hereafter subscribe for
the stock of said corporation and shall thereby
become parties thereto, witnesseth:
That the undersigned, James R.: Ferris, vii,
liam H. Burd, of Minneapolis: Minnesota, and
James H. Grady, of. Fargo, North Dakota; do
hereby associate ourselves together for the pur-
pose Of forming. and we do hereby form, a
corporation under and by virtue of the provi-
sions Of title g. chapter "a, of the General
Statutes Of 1894, and all acts amendatory there
Of, and do hereby adopt the following Arti-
cles Of Interpretations:
The general nature of the business to he
transacted by this company shall be that Of
carrying and conducting wholesale and
jobbing cigar and tobacco business and the
buying and selling of cigars and tobacco, and
doing such other necessary business as may and
shall be properly incidental thereto, including
the owning, leasing and holding Of such real
estate as: may be necessary to own, hold and
lease in connection with the said business.
The principal place of business of the cor.
poration shall be at Minneapolis, in the County
of Hennepin and State Of Minnesota, but 1t
may establish and maintain such other offices
of Minnesota any other states, as may be
necessary and convenient to carry out the pur-
poses hereinbefore indicated.
The time of the commencement of this cor
poration shall be the 7th day Of January 1906,
and it shall continue for a period Of thirty
(3O) years. ..1 H-sr
The amount of authorized capital stock OF
this corporation shall be.,Twenty. five Thousand
the par value Of One Hundred Dollars $1,000
each, The Board Of Directors shall have power
to determine the times of Issuance and the
of stock shall be issued. :+ q ~
+, This corporation 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 manne
hereinafter described with reference to meet
! ings for the purpose of amending these Articles
of Incorporation, by two-thirds vote of thu
total number of shares issued and outstanding
at the time when such meeting is held. Blu
in case the capital. stock of this corporation
shall be Increased, each Shareholder shall hav
the right at his option to subscribe for sucl
new new stock in proportion to the amount Of oil
subscribers, and provision therefor shall b.
made in any vote or resolution by the stock
holders hereof for increasing the stock OF thi
The highest amount Of Indebtedness or liza
bility to whichs said corporation shall at an,
!, time be subject is the sum of Fifteen THOUSAND
Dollars ($15.000)
The names and places of residence Of tn
persons forming the said corporation are e
, follows, viz: 81. #& "a n -
v flames B Ferris, Of Minneapolis, Minnesota
- H. buru,-r OI-NA1nneapO1S, M1nQeSOtH
and James H. Grady, of Fargo North Dakota,
Il III vi
) Is The following named individuals shall co,
( stitute the first Board5of Directors viz. Jane
r. Ferris and William, II Burd. of Minneapolis
Minnesota, and Max Davis, of Cincinnati, Ohio.
me government Of the corporation and Il
management of its business and affairs shall
vested in its Board Of Directors, consisting
not less than three nor more than five individual
No person shall be eligible as a director unle,
e he is bona fde owner of at least one shal
! Of the capital stock Of the corporation. II
: Board of Directors hereinbefore named shall a,
as the Board of Directors of the said corporate
until the first annual meeting Of said corpor
or until their Successors are elected e
:. After the expiration of the term of said. Ar
Board of Directors the. directors of this corpor
! ton shall be elected annually by the stockho
: ers at thefr. regular annual meeting and ii
8 said Board of Directors shall hold their offc,
for one year. and until their successors are cleo
u ed and qualified. 58 #: 8 25.3
The regular annual meeting Of the stockholde