Willmar tribune., 1908-07-22

ARTICLES OF INCORPORATION
Of
The Twentieth Century Wheel
and Tire Company.
KNOW ALL MEN BY THESE
PRESENTS. That we, the under
signed, hereby associate ourselves
together for the purpose of form
ing a manufacturing corporation
under Chapter So of the Revised
Laws of Minnesota of 1905, and the
acts amendatory thereof, and here
by adopt and sign the following
articles Of incorporation.
The name of this corporation
shall be ''The Twentieth Century
Wheel and Tire Company
This corporation is organized
solely for manufacturing purposes.
The general nature Of its business
shall be the manufacture OF auto
mobile and other wheels, pneumatic
puncture proof and other tires,
spring wheels and springs for the
same, automobiles and all articles
pertaining to the same, and other
machinery or devices, to own, hold
and use Letters Patent or Trade
Marks pertaining to such articles
or machines as by it are so manu-
factured, to sell and market said
manufactured articles and to do
and perform any and all other acts
and things necessary for or Incl
dent to the carrying on of the said
manufacturing business.
The principal place of transact
ing the business Of said corporation
and it's head office shall be in the
city Of Willmar, County of Kandi-
yohi, State Of Minnesota, but
branch offices may be maintained at
such places as the board of direct
ors may determine.
w.
The time of commencement of
the said corporation shall be the
lst day Of August, A. D. 1908, and
it shall continue to exist for thirty
(3O) years thereafter.
V.
The amount of the capital stock
Of said corporation shall be One
Hundred Thousand ($1O0,0OW Dol
lars, which shall be divided into
One Hundred Thousand QO0,O0O
shares and the amount of each share
shall be One ($1.0O) Dollar. The
capital stock shall be issued and
paid in as the board of directors
shall from time to time determine
and direct.
The highest amount of indebted
ness or liability to which the said
corporation shall at any time be
subject shall be the sum of Twenty
five Thousand ($25, ,OO0.OW Dollars.
VII.
The names of the persons form
ing this corporation are Andrew
Nordloef, Walter DeLaHunt, Nels
H. Nelson and Sam A. Rasmussen,
Of the City OF Willmar, Kandiyohi
County, Minnesota, and Julius JUL
son of the Village of Olivia, Rem
vile County, Minnesota.
VIII.
The government of the said COR
poration and the management of it's
affairs shall be vested in a board of
five (5) directors who shall have the
power to make all needful rules and
regulations and all bylaws for the
government of the said corporation
and the conducting Of it's business
and who shall be elected by the
stockholders at their annual meet
ing which shall be held at the prin-
cipal office of the said corporation
on the first Tuesday in May Of each
and every year, beginning with the
year A. D. 1909, and shall hold
office for the term Of one year, or
until their successors are elected
and have qualified.
The officers of the said corpora
tion shall be a president, a vice.
president, a secretary and a treas
urer, any two Of which offices, ex-
cept the offices of president and
vice-president, may be filled by one
and the same person. The said Off
GERS shall be elected by the board
Of directors at the first regular
meeting of said board after the an
nual organization thereof from
among their own number, and the
said board of directors shall have
the power to create and fill the
office of general manager or such
other offices as they shall deem nee
essary and proper for the carrying
on of the business of the said cor
poration.
All of the said officers shall hold
office for the term Of one year or