Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1920-01-02

ldllQ observation-disclosures, Icdl, peISOIld1 dllu
mixed estate, and property or any
leasehold or interest therein; to buy,
sell, own and hold stocks or bonds in
other companies, corporations, or as
sociations; to acquire the good will,
rights, and property and undertake
the whole n any part of the assets
or liabilities of any person, firm, as
ISOLATION, or corporation, and to pay
for the same in cash, the stocks Of
this company, bonds, Or otherwise; to
hold and own any part of the
property so purchased; to conduct in
any lawful manner the whole or any
part Of any business so acquired, and
to exercise all the powers necessary
and convenient in and about the cor
duct and management of such bust
ness; to reissue any Of the shares Of
it's capital stock, and to lawfully re-
tire or redeem any portion of said
stock.
The principal place of transacting
the business of this corporation shall
be the City of Minneapolis, County of
Hennepin and State of Minnesota.
The time for the commencement of
this corporation shall be January LIST,
1920, and the period of it's duration
shall be Thirty (30) years.
w
The names and places Of residence
of the persons forming this corpora
ton, are N. L. Enger, Oscar Larson,
and C. Martin Moe, all Of the City Of
Minneapolis, County of Hennepin and
State of Minnesota.
V
The management of this cor
poration shall be vested in a Board
of Directors. composed of not less
than three 60, nor more than Five
(5) members, and it's business shall
be carried on through it's officers,
agents, whose specific powers and du-
ties shall be prescribed by the By
Laws and by the appropriate resolu-
lions of the Board of Directors.
The names and addresses of the
first Board Of Directors are N. L. En-
ger, 2741 18th Ave. S., Minneapolis,
Mimi, Oscar Larson, 1929 7th St.
South, Minneapolis, Mimi, and c.
:, Martin Moe, 412 Cedar Ave, Minnea-
polls, Mimi, and the first Officers of
this corporation shall be N. L. Enger,
President and Treasurer; C. Martin
Moe, Vice-President; and Oscar Lar
son. Secretary.
All of the above named officers and
directors shall hold their respective
offices until the next annual meeting
of the stockholders, to be held on the
second Tuesday in January, A. D.,
1921, at 800 o'clock P. M. at which
time, and annually thereafter, a
Board of Directors shall be elected
from and by the stockholders of this
corporation, at the regular annual
meeting of said corporation, n at
any adjourned meeting, or subsequent
special meeting called for that pur-
pose.
The Officers of this corporation
shall be a president, vice-president,
Secretary and Treasurer, and such
other officers as it's bylaws may pro-
vide; any two (2) offices, except pre-
sident and secretary may be held at
the same time, by n person.
The directors n officers OF this
corporation shall hold their respec-
tive offices until their successors have
been duly elected and entered upon
the discharge of their duties.
TX
The officers shall be elected by the
Board of Directors, at a regular an
nual meeting of the board, or at any
adjourned meeting, or subsequent
special meeting, called for that pur-
pose.
All directors and officers shall hold
office for one year from the date Of
the annual meeting at which they
should have been elected and until
their successors shall have been elect
ed and entered upon the discharge Of
their duties.
The Board of Directors shall have
the power to fill any vacancies in the
board, for the unexpired term of any
member.
The first election of directors shall
occur at the annual meeting of the
stockholders, in the year 1921, and
until said election the persons herein
before mentioned shall constitute the
Board of Directors Of the Corpora
ton.
The first election of officers shall
occur at the annual meeting Of the
directors in 1921, or at any subse-
quent adjourned meeting, or special
meeting called for that purpose.
"
The amount of the capital stock Of
this corporation shall be Fifty Thou
sand $3.50, 900 .00) Dollars, which shall
be paid in money!, property, or SER
vices. in such manner, at such times,
and in such amounts as the Board Of
Directors shall from time to time or
der.
The capital stock shall be divided
into Five Hundred 5000 chares, Of
the par value of One Hundred
(S10O.OO) Dollars per share, Of which
Two Hundred (20O) shares may be
designated and issued by the Board
of Directors as preferred stock, at such
time. and in such amount as said
Board shall determine and order, and
as may be permitted by law.
XVI
The holders of the preferred stock
shall be entitled to receive and as de-
clared from the surplus Of net profits
of the corporation, yearly dividends,
payable at such times and at such
rate as NAV be prescribed by the