Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1908-09-03
pany. and It's principal place Of bust
ness shall be at Alvarado. in the
County Of Marshall. State Of Mime.

lpany. and It's principal place Of bust
ness snail be at Alyarado. in the
County OF Marshall. State Of Mime
sofa. Il!
ARTICLE II.
The general nature OF its business
shall be the construction. buying.
leasing. maintaining and operating
grain elevators. warehouses and feed
mills; buVing. storing. selling and
handling all kinds of grains. cereals.
flour. feed. and other agricultural
products; buying and selling wood,
coal. livestock. lumber and building
materials. farm machinery and bind.
ing twine; 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. ARTICLE III. i.
The time of the commencement Of
this corporation shall be the 18th
day of August. 1908, and the period of
its duration shall be thirty years.
ARTICLE ".
The names and places of residence
of the persons forming this CORPORA
tion are: Henry 81. Oberg. Warren,
Minnesota: Henry Nelson. Warren.
Minnesota: Lars T. .Rykken. Alvara-
do. Minnesota: Paul Paulson. Alvar-
ado. Minnesota; Heinrich Johanson.
Alvarado. Minnesota: Martin III.
Sands. Alvarando. Minnesota: and
liver n. Lodoen. Alvarado.. Mime
sofa. -&&-.e-.s 81. =
t. ARTICLE V.
The annual meeting of this corpor-
alton shall be held on the last Satur-
day In June of each and every year.
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.
(. si ARTICLE vi.
The government of this corpora.
tion and the administration of it's
affairs shall. and are hereby. vested
in board of nine. 10y 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 by electing from it's
own members. president. vice
president, a secretary and treas
urer. b.
Any vacancy occurring in such
Board of Directors thru either
death. resignation. or removal. may
and shall forthwith be filled by the
remaining members of such board by
a majority vote thereof. and the
person or persons thus appointed to
ill such vacancy shall be directors
until the next annual stockholders
meeting. but no longer.
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 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 PAL
value of each share shall be Twenty
five Dollars. of which the sum OF
Five Thousand Dollars shall be paid
in before this corporation shall com.
mence business.
ARTICLE
ANY stakeholder desiring to sell OF
dispose OF his stock in this corpora.
tion 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.
tion. to select a buyer of such stock
at not less than par value plus seven
per cent per annum. to be based up'
on the last annual balance-sheet
In case of the failure of such boarC
Of directors to make such selection
within said period of ten days. thu
4 stakeholder desiring to dispose of hi!
stock shall have right to dispose O.
his stock for price equal to thu
price submitted to the board O.
directors. and not less.
! ARTICLE x.
The highest amount Of indebted
ness to which this CORPORATION shall
be at any time subject shall be tn
sum of Twenty Thousand Dollars.
ARTICLE XII. s.-.
The first board of directors of thi
CORPORATION shall be COMPOSED o
/ Henry H. Oberg. Warren. Mime
sofa Henry Nelson, Warren. Mime
sofa: Carl Quern. Oslo. Minnesota
Louis N. Smith. Alvarado. Mime
sofa: Lars T. Rvkken. Alvarado
Minnesota: Paul Paulson. Alvarado
Minnesota: Henrick Johanson
Alvarado. Minnesota: Martin H
Sands. Alvarado. Minnesota. an
i liver N. Lodoen. Alvarado. Mime
sofa. who shall within three day
after the incorporation of this com
pany meet and organize and cleo
# from their own members president
vice president, secretary and treas
urer, who shall hold Office until thei
n SUCCESSORS are elected and nualified