The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1907-02-22
Articles of.ln'c corporation Of
Shanedling Brothers Company

We, the undersigned, hereby associate our
selves together for incorporation under and
pursuant to Chapter SO of the Revised Laws
of 1908 of the State of Minnesota, and for tina,
purpose do subscribe and aere to the follow
ing Articles of Incorporation: I
r.. ARTICLE I.
The name of this corporation shall be
Shanedling Brothers Company.
The general nature of it's business shall be
to buy, own, lease, mortgage, sell, convey
and otherwise deal in real and personal pro
perty.
The principal place of transacting the
business of this corporation shall be at Vir
ginta. Minnesota.
ARTICLE II.
The period of duration of this corporation
shall be thirty (30> years from the 1st day
of March, 1907.
ARTICLE III.
The names of the persons forming this cor.
poration are: Julius Shanedling, Morris
Shanedling and Henry Shanedling, all OF
whom reside at Virginia, Minnesota.
ARTICLE Nv.
The management of this corporation shall
be vested i'll a board of three (3) directors
who shall be elected annually at the annual
meeting of stockhold ers, which shall be held
on the third Monday in January of each year.
at two o'clock in the afternoon, at the com.
pany's Office at Virginia, Minnesota. Said
directors shall serve until their respective
successors are elected; and upon the term
ination of the term of Office of any director,
his successor shall be elected by the stock
holders at an annual or special meeting
thereof.
The persons composing the board of d.
rectors until the first election are the above
named Julius Shanedling, Morris Shanedling
and Henry Shanedling.
The executive officers of this corporate
shall be a president, a vice. president. a
secretary and d treasurer. who shall be
chosen annually by the directors immediate.
ly after the adjournment of the annual stock
holders meeting, who shall serve until their
successors are elected. The Office of treasur-
er may be held by any other of said officers
and vacancies in said offices shall be filled by
the board of directors.
Until their respective successors are elect
ed, said julius Shanedling shall be president
and treasurer, said Morris Shanedling shall be
vice-president, and said Henry Shanedling
shall be secretary.
ARTICLE V.
The amount of ca pita stock of this corpora
ton shall be fifty thousand dollars $4,000 OO),
which shall be divided into five hundred 5000
shares of the par value of one hundred
dollars (Sl00O0) each, which shall be paid in
as required by the board Of directors.
ARTICLE vi.
The highest amount OF Indebtedness or
liability to which this corporation shall ut any
time be subject shall be fifty Thousand
dollars (s5O,OOOOO
In Witnesss Whereof we have hereunto set
our hands and seals this 18th day of February,
1907
In presence of
@. O. BALDWIN, JULIUS SHANEDL1NG TsEAL]
ALBERT BALDWIN, NORRIS SHANEDL1NG LsEALl
HENRY SHANEDLING [sEAL]
State of Minnesota. CO
County of St. Louis, 3D.
On this 18th day of February, 1907, before
me, a Notary Public within and for said
county, personally appeared Julius Shaned-
ling and Morris Shanedling, to me known to
be the persons described in and who executed
the foregoing instrument, aud acknowledged
that they executed the same as their free act
and deed.
90 BALDWIN,
Notary Public,
ST TOuis COuntv Minpocota