Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1908-08-27
ARTICLES OF INCORPORATION

ARTICLES oFINCoRPoRATIoN
Of
ALvhRADOs FARMERS ELEVA-
TOR COMPANY.
e We. the undersigned. have agreed
to. and do hereby associate ourselves
together for the purpose of forming
a corporation under and pursuant to
the laws of the State Of Minnesota.
and do hereby agree upon and adopt
the following Articles OF lncorpora-
tiOn.
ARTICLE I. s
The name of this corporation shall
be Alvarado Farmers Elevator Com
pany. and It's principal place of bust
ness shall be at AlvaradO. In the
County of Marshall. State Of Mime.
sofa. .5
ARTICLE II.
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 m0rtgaging such real or
personal property as may be con-
venient or desirable in order to
carry Oh the business of this corDo-
ration. *ts
:, ro ARTICLE III. .s.s
The time of the commencement Of
this corporation shall be the 18th
day of August. 1908, and the period of
it's duration shall be thirty years.
ARTICLE Nv. E.,-
The names and places of residence
of the persons forming this corpora
tion are: Henry III. Oberg. Warren,
Minnesota: Henry Nelson. Warren.
Minnesota: Lars T.. .Rykken, Alvara-
do. Minnesota; Paul Paulson. Alvar-
ado. Minnesota; Heinrich Johanson.
Alvarado. Minnesota: Martin H..
Sands. Alvarando. Minnesota: and
liver N. Lodoen. Alvarado. Mime
sofa. .,#s-...S IT., -
ARTICLE V.
The annual meeting Of this corpor-
alton shall be held on the last Satur-
day in June of each and every wear.
beginning with the last Saturday of
June. in the year one thousand nine
hundred nine. and shall be held at
such place as the acting board of
directors shall specify. -.
ARTICLE vi. .2<r...E
The government of this corpora
tion and the administration Of Its
affairs shall. and are hereby. vested
in board of nine. (9) directors who
shall 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 bv electing from its
own members. a president. a vice
president. a secretary and a treas.
urer. - %, :.
Any vacancy occurring in such
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 tC
! ill such vacancy shall be directors
| until the next annual stockholders
meeting. but no longer. 5'E :.
ARTICLE VII.
The amount of the capital stock Of
this corporation. shall be and is here
by fixed at the sum of Ten Thousand
Dollars. and shall be paid in as calico
for by the Board of Directors. @
| ARTICLE VIII. *" ea I
| The number and amount of share!
of capital stock of this CORPORATION
shall be four hundred and the pal
value of each share shall be Twenty
five Dollars. of which the sum o.
Five Thousand Dollars shall be patc
in before this corporation shall com
mence business. s #
/ ARTICLE TX. 81
ANY stock holder desiring to sell o.
dispose of his stock In this corpora
tion shall. before disposing of thu
same. notify the acting board O.
directors of this corporation. which
said board of directors shall thel
have the right for q period of tel
days from the date of such notitica
tion. to select a buyer of such stool
per cent Der annum. to be based uD
Oh U1l0 jdSU 6uuu6l OdlduC6-SAl66U
In case of the failure of such boart
of directors to make such selection
within said period of ten days. tn
stakeholder desiring TO dispose of hi
stock shall have right to dispose o
his stock for a price equal to tn
price submitted to the board o
directors. and not less.
ARTICLE K. r.
! The highest amount Of indebted
ness to which this corporation shall
be at anv time subject shall be tn
sum of TWENTY Thousand Dollars.
{ %s ARTICLE XXI.
| The first board of directors of thi
corporation shall be COMPOSED, o
Henry H. Oberg. Warren. Mime
sofa Henry Nelson. Warren. Mime
sofa: Carl Qnarn Oslo. Minnesota