Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1907-04-11
Articles Of Incorporation

The Spring Valley Water
Company.
For the purpose of organizing a
corporation under and in accordance
with the requirements and provisions
of Chapter fifty eight of the Revised
Laws of Minnesota for the year 1905,
relating to Manufacturing Corpora
lions, and acts amendatory thereto,
we, the undersigned, do hereby as
sociate ourselves together and do
hereby adopt, sign and acknowledge
the following "..-
ARTICLES OF INCORPORATION
Article l. sas
The name of this corporation snail
be The Valley Spring Water Com
pany. "." .usc.
The general nature of the business
of this corporation shall be the man
ufacture and sale of the manufacture
ed product of all kinds of spring and
mineral water, and of carbonated
beverages and elders; and this cor
poration may acquire and hold and
dispose of such real and personal
property as may. from time to time,
be deemed necessary and expedient
in and for the transaction of said
business. liz @
Article 2.
The principal place Of transacting
the business of this corporation
shall be at the City of Warren in
the County of Marshall, and State
of Minnesota. $50
| ArJilce 3.
The time of the commencement, of
this corporation shall be May l, 1907,
and the period of continuance there
of shall be thirty (3O) years there
after.
The amount of the Capital Stock of
this corporation shall be Ten Thous-
and $50, OOO.O0) Dollars, the same to
be paid in such times and places
and in in such manner and amounts
as may be called for by the Board
of Directors of this corporation.
At least Twenty-Five (25) per cent
of said Capital Stock shall be paid
in before this corporation shall be-
come effective as such. ..r
| Article 4. ...s..&.,.
The highest amount of indebted
n IS or liability to which this cor
poration shall be at any time subject,
shall in no event exceed Seventy.five
(75) per cent of the paid up Capital
Stock of this corporation. has,:4 :
Article 5.
The names and places of residence
of the persons forming this corpora
| tion are as follows:
Peter H. Holm, Oscar Edlund and
Theodor Bratrud, all of Warren,
Minnesota.
~, -, 49, Article s.
The government of this corpora
tion and the management of it's
affairs shall be vested in a Board of
three 81 Directors, each of whom
shall be stakeholder Of this corpor-
alton. Said Board of Directors of
this corporation, after the one here
! in named, shall be elected from and
by the stockholders Of this corpora
ton, at the annual meeting of said
stockholders, which shall be held at
the principal place of business of
this corporation, in the City of War
rem, Marshall County, Minnesota, at
ten O'Clock A. M, on the second
Monday in January in each year
hereafter; the first meeting to be
held on the second Monday in Jan
uary in the year 1908, at ten O'Clock
A. NJ. of that day. At the first meet
ing Of the said Board of Directors,
after said annual stockholders meet
| ing, or at any adjourned meeting of
the said Board of Directors, or at
any special meeting thereof called for
that purpose, said newly elected
Board Of Directors shall organize, by
the election of and from their num-
Der, president, president, sec
rotary and treasurer of this corpor-
alton. Each of said officers and di-
rectors, so elected as aforesaid, shall
hold their respective Offices for the
term of one year, and until their
successors are elected and have qua
lifted. Any two of said Offices, ex-
cept that Of president and vice. pres
ident, may be held by the same per-
son. .rg@,it3al
The Board of Directors of this cor
poration shall have power and
authority to enact claws regulating
the manner of calling and conducting
meetings and elections, providing fol
the filling of vacancies in the said
Board of Directors or any of the
Offices of this corporation, adopting a
Corporate Seal for said corporation
or changing the same, fixing the
powers, duties and emoluments OF
the officers and agents of this cor
poration, and regulating all other
matters deemed necessary for good
government and management Of the
affairs of this corporation. d
The names of the first Board OF
Directors OF this corporation and
their places of residence are as fol.
lows, to-wit: Peter 81. Holm, Oscar
Edlund and Theodor Bratrud,. al
of Warren, Minnesota. which sale
Board of Directors shall meet az thu
principal place Of business Of sale
corporation in the City of Warren, II
said County of Marshall, on the Isl
day of May, 1907, at ten o'clock a
NJ, and organize by the election O
a president, a vice president, sec
Rotary and a treasurer of this corpor
, alton, and the said Directors and tn,
said Officers, so elected, shall holt
their respective offices, as aforesaid
until the second Monday in Jannarv