The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1909-08-19
Articles Of Incorporation.

"W. b. Terrell and Company" The
general nature of its business, mer-
camille; dealing in farm products and
other lawful business essential there
to, including buying, owning and
selling the stock of other corpora
lions. The principal place for the
transaction of the business of this
corporation shall be Princeton,
county of Mile Laos, state of Min
nesOta.
ARTICLE SECOND.
The time of the commencement of
this corporation shall be the first (1st)
day of September, 1909, and the period
OF its duration shall be thirty 1907
years.
ARTICLE THIRD.
The names and place of residence of
said incorporators are as follows:
". 81. Terrell, Thomas 81. Galley 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 W.
b. Terrell, Thomas 81. Galley and
Swan S. Peterson, and the govern
ment OF said corporation and the
management of it's affairs shall be
vested in a board of not less than
three (3) nor more than five (5)
directors, from whom shall annually
be chosen the following officers: A
president, vice president, secretary
and treasurer, and the Office of presi-
dent 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, 1910, the
persons above named as the first
board OF directors shall act in that
capacity, and the said W. b. Terrell
shall be president and treasurer, the
said Thomas 81. Galley shall be vice
president, and the said Swan S.
Peterson shall be secretary of said
corporation, and on the second (2d)
Monday in July, 1910, 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
thereafter as may be PRACTICAL at a
time and place to be then and there
esignated by the board of directors
so elected.
ARTICLE FIFTH.
The amount of the capital stock of
this corporation shall be one hundred
thousand dollars $500, OOO), and shall
be paid in as called for by the board
OF directors. The number of shares
OF the capital stock of said corpora
ton shall be one thousand (1,OOO), and
the amount Of each share shall be one
hundred dollars (S10O).
ARTICLE SIXTH.
The indebtedness of this corporation
shall not at any time exceed the sum
of one hundred thousand dollars
(slOO,O OO).
Witness our hands and seals this
10th day of August, 1909.
WILLIAM II. TERRELL (SeaI)
THOMAS 81. Galley Seal)
SWAN S. PETERSON (SeaI
LII pICScllCS VI,
JOHN F. Peterson.
CHARLES KEITH.
STATE OF MINNESOTA, J
County of Mile Laos. IS
On this 10th day of August, 1909.
personally appeared before me ". n.
Terrell, Thomas 81. Galley and Swan
S. Peterson, to me known to be the
same persons who executed the fore
going Articles OF Incorporation, and
acknowledged that they executed the
same as their free act and deed and
Tor the uses and purposes therein ex-
pressed.
CHARLES. KEITH,
Notary Public, Mile Laos County.
(Notarial SeaD MINI.
My commission expires Jan. 10, 1915.
State of Minnesota,
Department of State.
I hereby certify that the within in
strument was filed for record in this
Office on the 18th day of August, A.
D. 1909, at 8 O'Clock a. ~, and was
duly recorded in Book r of Incor-
porations, on page Ill.
JULIUS A. SCHMAHL,
Secretary of State.
1887
Office of Register of Deeds.
County of Mile Laos, ! :.
State of Minnesota. s.
l hereby certify that the within in
strument was fled in my Office for
record this 18th day of August, A. D.
1909, at II O'Clock a. M, and duly
recorded in Book A of Incorpora-
tions, on page lis.