Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1914-04-15
NEUTRALITY-SUSPICIOUS.
OF THE kANDIYoHl COUNTY
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slLo COMPANY.
We, the undersigned, for the pur-
pose of forming corporation under
and pursuant to the provisions of
Chapter fifty-eight (5S), Revised Laws
of Minnesota for 1906, and any amend
ments thereof, do hereby associate
ourselves as g. body corporate, and
do hereby adopt the following Certi-
ficate Of Incorporation. <
The name of this corporation shall
be Kandiyohl County Silo Company.
The general nature of its business
shall be to make, manufacture, sell
and erect Cement Stave Silos and
such other business as may be neces-
sary in connection Herewith.
The principal place of transacting
the business of this corporation shall
be In the City of Willmar, County of
Kandiyohi and State of Minnesota.
ARTICLE II.
The time for the commencement of
this corporation shall be April oath,
A. D. 1914, and the period of it's dura-
ton shall be thirty years.
ARTICLE III.
The names and places of residence
of the persons forming this corpora
ton are: Martin Peterson, Willmar,
Minnesota; A. o. Forsberg, Willmar,
Minnesota; Lewis Johnson, Willmar,
Minnesota.
ARTICLE w.
The management of this corpora
ton shall be vested in Board of d.
rectors, composed of not less than
three and not more than five mem
bers. The names and addresses Of
the first Board of Directors are: Mar
tin Peterson, Willmar, Minnesota; A.
o. Forsberg, Willmar, Minnesota,
and Lewis Johnson, Willmar, Mime
sofa. The first officers of the cor
poration shall be: President, Martin
Peterson; Vice President A. o. Fors-
berg; Secretary Treasurer, Lewis
Johnson. All Of the above named Of
ficers and directors shall hold their re-
spective Offices aforesaid until the
next annual meeting of the corpora
ton to be held on the 5th day of jan
uary A. D. 1915, at which time and
annually thereafter, Board of Di-
rectors shall be elected from and by
the stockholders Of the corporation.
The annual meeting of this corpora
ton shall be held at it's principal
place Of business on the first Tuesday
after the first Monday in January in
each year; immediate after the cleo
ton of directors, or as soon thereaf-
ter as practicable, the directors shall
meet and elect from their number a
president and vice president, and
from their number or from the stock
holders, a secretary and treasurer
Any Office, except that of president
and vice president, may be held by
one person. The directors and officers
of the corporation shall hold their re-
spective offices, until their successors
have been duly elected and entered
upon the discharge of their duties
The first meetings of the stockholders
and of the Board of Directors shall be
held at the Office of the company in
the City of Willmar on the 25th day
of April, A. D. 1914, at 10 and II
o'clock respectively.
ARTICLE V.
The amount of the capital stock OF
this corporation shall be Ten Thou
sand ($10,O00.00) Dollars, which shall
be paid in, in money or property, OF
both, in such manner, at such time
and in such amounts as the Board OF
Directors shall order. The capital
stock shall be divided into One Thou
sand shares of the par value of Ter
Dollars each. Each stakeholder shall
have one vote for each share of stock
held by him at all meetings of the
stockholders.
ARTICLE vi.
The highest amount of Indebtedness
or liability to which this corporation
shall at any time be subject shall be
the sum of Ten Thousand ($10,00O00)
Dollars.
IN TESTIMONY WHEREOF, We
have hereunto set our hands, this 9TH
day Of April, A. D. 1914.
MARTIN PETERSON,
A. o. FORSBERG,
LEWIS JOHNSON.
In the presence of
J. EMIL NELSON.
CHARLES JOHNSON.