The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1908-08-20
Articles Of Incorporation.

that the persons whose names are
hereunto subscribed, have, for the
purpose of becoming a corporation
under and pursuant to the laws of the
state of Minnesota, become associated
and hereby adopt and sign the follow
ing articles of Incorporation.
ARTICLE FIRST.
The name of this corporation shall
be "George E. Rice and Company. -
The general nature of it's business,
mercantile, dealing in farm products
and other lawful business essential
thereto, including buying, owning and
selling the stock of other corporations.
The principal place for the transac-
ton of the business of this corpora
ton shall be Princeton, county OF
Mile Laos, state of Minnesota.
ARTICLE SECOND.
The time of the commencement OF
this corporation shall be the First
(lst) day of September, 1908, and
the period of it's duration shall be
thirty (30) years.
The names and place of residence
OF said incorporators are as follows:
Thomas II. Galley, George E. Rice
and Swan S. Peterson, residents OF
Princeton, county of Mile Laos and
state of Minnesota.
ARTICLE FOURTH.
The names of the first board OF
directors of said corporation are
Thomas 81. Galley, George E. Rice
and Swan S. Peterson, and the gov
eminent of said corporation and the
management of it's affairs shall be
vested in board of not less than
directors, from whom shall annually
be chosen the following officers: A
president, vice president, secretary
and treasurer, and the Office of secre-
tary and treasurer may be holden by
one person. Said officers shall be
elected annually hereafter on the
second (2d) Monday of July of each
and every year, and until the second
(2d) Monday in July, 1909, the per-
sons above named as the first board
of directors shall act in that capacity,
and the said Thomas 81. Ca]ey Shall
be president, the said Swan S. PETER
son shall be vice president, and the
said George E. Rice shall be secretary
and treasurer of said corporation,
and on the second (2d) Monday in
July, 1909, and annually thereafter,
a new board of directors shall be
elected by the stockholders of said
corporation, and from their number
said board of directors shall elect the
officers of said corporation to act for
the ensuing year. Said election of
directors shall take place at said
Princeton, and the election of said
officers shall take place as soon there
after as may be practicable, at time
and place to be then and there desig-
mated by the board of directors SO
elected.
ARTICLE FIFTH.
The aomunt of the capital stock of
this corporation shall be fifty thou
sand dollars ($5O,OOO), and shall be
paid in as called for by the board of
directors. The number of shares of
the capital stock of said corporation
shall be five hundred (50O) and the
amount of each share shall be one
hundred dollars (SlOOl.
ARTICLE SIXTH.
The Indebtedness of this corporation
shall not at any time exceed the sum
of thirty thousand dollars 1880, OOO).
Witness our hands and seals this
l4th day of August, 1908.
THOMAS H. Galley (SeaN
GEORGE E. RICE (Seal)
SWAN S. Peterson (Seal)
In presence of
j. J. SKAHEN
CHARLES KEITH
STATE OF MINNESOTA,
County of Mile Laos. IS.
On this 18th day of August, 1908,
personally appeared before me
Thomas q. Galley, George E. Rice and
Swan S. Peterson, to me known to be
the same persons who executed the
foregoing articles of incorporation,
and acknowledged that they executed