The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-01-19

the business office shall be Fargo.
North Dakota.
Article 4-The term for which this
corporation is to exist, is twenty
years from and after the date of its
incorporation.
Article 5-The capital stock of this
corporation shall consist Of Ten
Thousand Dollars (SiO, 00o) to Be-
divided into One Hundred Shares
hClO0) Of the par value OF One Hum
dfed Dollars (Sl00) each.
article b--NO dividend shall ever
ne paid except upon stock issued
ana fully paid up. and then not to
exceed ten per cent I'm any one year
The balance of the surplus profits
and net earnings shall be used In the
discretion OF the directors i'm carry
| ing out the purposes and objects
| above enumerated, and especially i'm
carrying. out the purposes and objects
enumerated In Sections k and / in
| Article 2.
Article Tile number Of direc-1
tors shall be three, and they shall
be elected at the first meeting of the
lncorporators and stockholders and
snail serve until their successors are
elected and qualified
Article S-To guard against litiga-
ton by entrenched wealth. the direc- |
|
holder by rendering him the par
value thereof. and accrued dividends
with a ten per cent premium; and |
such stakeholder shall cease TO have |
any further interest in the corpora
ton.
Article 9-The board of directors
shall have the power to elect a |
president, a secretary and treasurer,
and such other officers and assistants
as 1t may from time to time deem
necessary Any officer or director
may be removed at any time by the
affirmative vote Of a majority of the
whole hoard OF directors.
Article lO--The corporation may
begin to do~business when one thou
sand dollars par value of the stock
has been subscribed and paid for.
In witness whereof we have here
unto set our hands and seals this
first day of October, 1917. l.
Names ~ Residence
NORBERT OLEARY, Fargo, North |,
CHAs. H. HECK, Wilton, North Da-
kota.
H: L. ELLIOTT. MinOt, North Da-
lzota. '.. '-.-
State of Minnesota, County of
Ramsey, IS.
On this Bird day of October, in the
year One Thousand Nine Hundred
and Seventeen, before me, a Notary
Public in and for said County, per-
sonaIly appeared Norbert O'Leary.
persons who are described therein,
and who executed the foregoing
instrument, and acknowledged to me
that he executed the same.
In witness whereof, l have here
unto set my hand and affixed my
official seal the day and year last
above written.
(seaD J. D. HOOGEsTEGER,
Notary Public, Ramsey Co., Mime
sofa. My commission expires SIS
State or North Dakota, County of
Cass. IS.
on this 9th day of October, in the
year one thousand nine hundred and
seventeen, before me a notary pub
ic in and for said county, personally
appeared II. Il. Elliott and Chas. III.
Heck, known to me to be the persons
who are described therein and who
executed the within instrument, and
hey each duly acknowledged to me
hat they executed the same. .
In witness whereof, have here
INTO set my hand and affixed my :
official seal the day and year last
above written.
CSeaD GEO. A. TOTEM, (,
Notary Public, Cass County, N. d. :
Nv commission expires June 18th,
1928. I
State Of North Dakota, Depart
nent of State.
Filed for record and certificate is
lued the 18th day of October, 1917, :
Ind recorded in Volume Eighteen Of ;
North Dakota Corporations page.
.ss THOMAS HALL.
Secretary OF State. By Frank
wilder, Deputy. .... ..r..