Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1911-01-18

we, Tue uHucIS1SHcO, uo HcFCDy dSSOCAdIC
ourselves for the purpose of forming cor.
poration under the laws. of the State OF
M Minnesota and to that end do certify and
declare as follows:
ARTICLE I.
Section /. The name of this corporation
shall be MINNESOTA SILO COMPANY. >.
Section 2. The general nature of the bust
ness Of this corporation shall be to do manu-.
featuring; to manufacture concrete and
cement slabs and blocks for silos, sewers,
water-tanks cu1verts and other construc-
tions; to buy, own and operate factories,
Offices, stores and shops for the manufacture
OF said goods and wares and the sale OF the
same; to buy own and sell such real and Per- Per-
transaction Of said business and generally to
do and perform any and all acts and things
necessary to the successful transaction OF the
business Of said corporation.
Section &. The principal place OF the busl-
ness of this corporation shall be the City OF
Willmar. County, of kandiyohi, State OF
Minnesota.
ARTICLE II.
The time of the commencement of this cor
noration shal be the Goth day of January,
1911 and the period of duration shall be
thirty years from said 2oth day OF January
1911.
ARTICLE III.
The names and places of residence of the
persons forming this corporation are: j. Emil
Nelson and Lewis Johnson, both OF the City
II Willm sr, in the county OF anu,So or pa anu
field, Wisconsin aud E. J. Wahl OF st. faul'
Minnesota.
ARTICLE ".
Section L. The government Of this cor
Doration and the management OF Its aHa1rs
Shall be vested in board OF i've a,reetors an
noration The said board Of directors after
The one herein named and provlced tor shan
be elected annually by the holders OF stock IN
: al 30 mo
held at the principal place OF business OF this
corporation in the City OF W1llmar, mime
sofa at ten O'Clock on the second "Wednesday
the YEAR 1919. Notice of said meeting shall
be by mail ten days prior TO the salo date
unless such notice is waived IN writing oy an
of the holders of the stock OF this corpora
ton Said board of directors, except the
one herein AIMED, shall be elected and hold
office for the term of one year and until their
successors are elected and shsil nave Quail
fed.
ton shall be President, Vice President,
Secretary and Treasurer and such other
offcers sSal Us be elected BY the board
Of directors Immediately after the an
nual meeting of the stock holders each
wear Said officers shall be holders OF stock
in this corporation and shall hold their re-
Dectiye offices for one year and until tnelr
successors are elected and shall have gu Allied
Any two of said Offices except the G niG b 01
!
Section 5. When any vacancy shall occur
in said board of directors or in any once OF
said corporation the same may pc MEG 60: LOT
the unexpired term by the remaining d>rec-
tors at a meeting of said board. majority
Of said board shall constitute quorum tor
the transaction Of business. 80 ea.
Section i. The following named persons
shall constitute the first Board OF directors
of the corporation: J. Emil Nelson II, =, a: o.
Forsberg, Lewis Johnson, all OF Wlllmar,
Minnesota, Jacob Johnson OF bayhe,o, " rs
consin and L. J. ahl Of st. Paul, MINI.
The first officers of this corporation shan be
7. Emil Nelson, President; ia. OBJ Johnson;
Vice. Pre- sident; Lewis Johnson, Secretary and
Treasurer. The said officers and the nfst
board If directors of the cor oratlon ABOVE
meeting Of the stock holders to be hcld on
the second Wednesday OF January in 1917.
.n~. " ARTICLE V.-,...,a#
Section /. The amount OF capital stock of
this corporation shall be One Hundred and
Fifty Thousand ($i5O,OOO) Dollars which
shall be paid in such manner and at sucn
times and in such amounts as the Board OF
Direct ors shall determine and direct from
time to time.
Section 2. The number Of shares OF TINS
corporation shall be Fife thousand t1o,-
UOO) and the par value tn reof shall be Ten
stock Five Thousand {5ouO) shares may be
preferred stock and the ren.Ainucr common
stock.
Section 3. The holders Of such preferred
stock sh all receive from the net earnings OF
the corporation six per cent annual divi-
dend before any dividends are paid upon the
common stock. .a5ss
Such preferred stock shall be subject to re-
at any time after two years from the frs
day Of January, 1912, upon the payment O.
Ten $lO) Dollars per share and all dividends
due on the same.