Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1908-08-20
ARTICLES oF.1NC oRPo GRAFTON

I'm E 6S5a-GllE va.
TOR SC()MPANY 81 s: -.
s We. the undersigned. have agreed
to. and do hereby associate ourselves
together for the purpose Of forming
q CORPORATION under and pursuant to
the laws Of the State Of Minnesota.
and do hereby agree upon and ADOPT
the following Articles Of CORPORA
tion. III :, -, - :.
ARTICLE - -
The name Of this CORPORATION shall
be Alvarado Farmers Elevator Com.
Dany. and it's principal place Of bust
ness shall be at Alvarado. in the
County Of Marshall. State Of Mime
sofa. 81 #5
ARTICLE II. IL
The general nature of it's business
shall be the construction. buying,
leasing. maintaining and operating
grain elevators. warehouses and feed
mills; buying. storing. selling and
handling all kinds of grains, cereals.
-four. feed. and other agricultural
products; buying and selling wood.
coal. livestock. lumber and building
materials. farm machinery and bind
ing Irvine; and also owing, selling.
leasing and mortgaging such real or
personal property as may be con-
venient or desirable in order to
carry on the business of this corpo-
ration. 81.
w ~ rs ARTICLE Ill. s.sz. =.
The time of the commencement Of
this corporation shall be the 18th
day of August and the period of its
duration shall be thirty years.
A ARTICLE ". =.
The names and places of residence
OF the persons forming this corpora
tion are: Henry II. Oberg, Warren,
Minnesota: Henry Nelson. Warren.
Minnesota: Lars T. Rykken, Alyara-
40, Minnesota; Paul Paulson, Alvar-
ado, Minnesota; Heinrich Johanson,
AAlvarado. Minnesota: Martin n.
Sands. Alvarando. Minnesota: and
liver N. Lod0en, Alvarado, Mime
sofa. T.@"E% ..t. - :.
ARTICLE V. r..
Inc annual meeting of this corpor-
atlon shall be held on the last Satur-
DAY IN June of each and every wear.
6eglnn1ng with the last Saturday of
June. IN the year one thousand. nine
hundred nine. and shall be held at
Sucn place as the acting board of
directors shall specify. - -
ARTICLE VI. d.
Ihe government of this corpora.
tlon and the administration of it's
affairs shall. and are hereby. vested
IN board of nine. (9) directors who
shali be elected annually by the
STOCKHOLDERS at the annual meeting.
Within three days after an annual
election of members to constitute
The BOARD of directors of this corpO-
ration such members shall forthwith
organize themselves for the due
transaction OF the business of this
CORPORATION by electinq from it's
own members. a PRESIDENT. a vice
president. a secretary and a treas
urer.
ANY vacancy occurring in snch
Board of Directors thru either
death. resignation. or removal. NAV
and shall forthwith be filled Ey the
remaining members of such board by
a majority vote thereof. and the
person or persons thus appointed to
Nil such vacancy shall be directors
until the next annual stock holders
meeting. but no longer.
ARTICLE VII.
The amount of the capital stock of
this corporation shall be and is here
bv liked at the sum Of Ten Thousand
dollars. and shall be paid in as called
for by the Board of Directors.
ARTICLE VIII.
: The number and amount of shares
OF capital stock of this corporation
shall be four hundred and the par
value of each share shall be TWENTY
hive Dollars. of which the sum of
Five Thousand Dollars shall be paid
IN before this corporation shall com
mence business. -
ARTICLE TX. +"
ANY stakeholder desiring to sell or
dispose of his stock in this corpora.
lion shall. before disposing of the
same. notify the acting board of
directors of this corporation. which
said board of directors shall then
have the right for period of ten
DAYS from the date of such notitica-
tlon. to select buyer of such stock
az not less than oar value plus seven
per cent per annum. to be based up-
on the last annual balance-sheet.
10 case OF the failure of such board
OF directors to make such selection
within said period of fen DAYS tha