Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1920-05-19
May 1919. If 81
Articles OF Incorporation
ne of the 5g.2 NH ftsag i sssas
FARMERS CO-OPERATIvE ELEVA-
5E# YEsr TOR CO., l#5 F# N

5EE53}E Ss.$zf TOR CO., E$ +F
Ess AlvarAdO, minnesota. 7SSgS4
We, the undersigned, residents Of
Marshall and Polk Counties, State OF
selves together for the purpose OF be-
coming incorporated as cooperative
association under the provisions Of
C G9S g} three hundred and eighty-tw
sofa, 1919. all the. acts amendatory
| thereof. and supplementary thereto,
and to that end we do hereby adopt and
sign the following articles Of incor-
/, ARTICLE I.
The name Of this corporation shall
be the Farmers Cooperative Elevator
Company. a zs
The principal place Of business of
this corporation shall be Alvarado. Min
nesota. " AZ t.#5 &
ARTICLE III.
The purpose of this corporation shall
be to buy, sell, and store all kinds OF
farm produce, grains. seeds, coal, lum-
Der, building materials. farm machin-
cry. Irvine, tile. fence, and all such arti-
cles as may properly be handled to the
interests Of the stockholders of this
corporations: and to purchase, erect,
maintain. and control warehouses, and
elevators, for the storage Of such pro-
ducts; and to buy and lease and sell
such real estate and personal property
as may be needed for, the transaction
Of the business Of this corporation. II
ARTICLE w. = .#
The time Of commencing business for
this corporation shall be May LIST, 1920.
and the period of its duration shall be
twenty years. - * ttg*4. s..=~-. L.. =,
ARTICLE v. 49, @ss
The names and places Of residence
OF the persons forming this corporation
A. G. Nybladh. Willie Palm. Martin
Sands, Anton NJ. Swanson, Peter Nord-
Gust Wahlin, Warren, Minnesota, and
Jens E. Dahl, East Grand Forks, Min
nesota. w. g. IN
The management Of this corporation
composed Of nine members, who shall
be elected by the stockholders at the
first annual meeting to be held on the
last Saturday in June each year, three
directors to serve for three years, three
for two and three for one year, to hold
Office until their successors have been
elected and qualified, That thereafter
there shall be elected three directors
each annual meeting to serve tor three
years. ~. --... 60
Within five days after the election,
the board Of directors shall meet and
organize, and shall elect from their
own number president, vice-president,
secretary and treasurer, each to serve
for one year. '.. i'll.
The names and addresses of the first
board Of directors are: A: G. Nybladh;
Willie Palm, Martin Linderoth. J. w.
Morberg, John w. Sands, Anton M.
Swanson, Peter Nordlund, all Of Alvar-
ado, Minnesota, and Gust Wahlin, War
rem, Minnesota, and Jens E. Dahl, East
Grand Forks, Minnesota.
ARTICLE VII. ..@.
No person shall be entitled to more
than one vote, regardless of the num-
Der of shares Of stock he or she may
own. -
The amount of capital stock of this
corporation shall be Seventy-five thou
sand dollars (S75,000 which shall be
paid in, in money or property, or both'
in such manner, at such times, and IN
such amounts as the board OF directors
shall order.
The capital stock shall be divided in
to fifteen hundred G5O0) shares of the
par value of Fifty dollars ($5O) each.
ARTICLE TX.
The highest amount of indebtedness
shall at any time be subject, shall be a
sum not to exceed the actual pald-ln
capital stock. 49,:
ARTICLE x. ..-* -.
These articles may be amended in
the manner provided by law. r..
In testimony whereof, we have here.
! unto set our hands, this 10th day Of
a. G. NYBLADH. So
WILLIE PALM.
, NJ. H, LINDEROTH.
J. W. MORBERG.
JENS E. DAHL.
! GUST WAHLIN.
ANTON M. SWANSON.
PETER NORDLUND.
JOHN w. SANDS.
Signed, sealed and delivered O.,
! In presence of -.
M. H. Sands.
| A. w. Sands. .-..
State of Minnesota.
County of Marshall-ss.