Morris tribune., 1920-01-02
ARTICLES OF INCORPORATION OF
WEUM-BELvERUD COMPANY,
MORRTS. nTTNNEsOTA

sociate ourselves and to form BODY
corporate under and pursuant to the
provisions of Chapter So, of the General
Statutes of Minnesota, 1913, and amend
ments thereof hereby execute, adopt,
subscribe and acknowledge the follow
ing certificate of Incorporation.
I ARTICLE l.
The name of this corporation shall
be 'WEUM-BELVERUD COMPANY"
ARTICLE H.
The general nature of the business of
this corporation shall be to manufac-
ture, buy, sell, and otherwise dispose
of, and deal in all kinds of merchandise,
the buying, owning, selling mortgaging
and leasing of all kinds of property,
real, personal, or mixed, which is con-
! venient or necessary for the purpose of
conducting, carrying on, or operating
the business of this corporation and the
| transacting of all other business neces-
sary and incidental thereto, as the
; Board of Directors shall authorize.
! ARTICLE III.
The principal place of business of
! this corporation shall be the City of
Morris, Stevens County Minnesota.
| ARTICLE w.
The time for the commencement of
this corporation shall be January 5th,
! 1920, and the period of it's duration
shall be thirty years.
ARTICLE V.
! The names and places of residence of
, the persons forming this corporation
are, M. M. Weum, Benson, Minnesota,
Matt Belverud, Morris, Minnesota, P. J.
| Weum, Morris, Minnesota, Randolph
Weum, Georgetown, Minnesota, Edward
M. Elkjer, Willmar, Minnesota, M. T.
Weum, Moorhead, Minnesota, and Rud-
olph L. Weum, Moorhead, Minnesota.
| ARTICLE vi.
| mana Of this
| shall be vested in the Board of Directors,
! composed of not less than five 60 nor
more than seven 90 members. The
! names and addresses of the first Board
of Directors are, M. M. Weum, Benson,
Minnesota, Matt T3elVerId, Morris, Min
nesota, P. J. WcTm, Morris, Minnesota,
Randolph Weum, Georgetown, Minnesota
and Edward II. Eikjer, Willmar, Min
nesota. The first officers of this cor
poration shall be President, M. M.
+ Weum, Vice-President, P. J. Weum,
Secretary and Treasurer, Matt Belverud.
All of the above named officers and
directors shall hold their respective
offices aforesaid, until the next annual
meeting of the directors to be held on
January Goth, 1920, at which time and
annually thereafter the Board of Direct
ors shall be elected from and by the
stockholders of this corporation. The
annual meeting of this corporation shall
be held at it's principal place of bust
in each year. Immediately after the
election of directors, or as soon there
after as practicable the directors shall
meet and elect from their number,
President and Vice-President and from
their number or from the stockholders
Secretary and Treasurer. Any two
offices, except those of the President and
! Vice-PreSident, may be held by one per-
son. The directors and officers of this
corporation shall hold their respective
duly elected and have entered upon the
. discharge Of their duties The first
meeting of the stockholders and the
Board of Directors shall be held at Nor
ris, Minnesota, on the Goth day of jan
uary, 1920, at 1000 and HOO o'clock
respectively
ARTICLE VII.
The amount of capital stock of this
corporation shall be Seventy-Five Thous-
and Dollars ($75, 000.0O), 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 into Seven Hundred and Fifty
shares (750) shares, of the par value
of One Hundred Dollars ($1OO.OO) each.
ARTICLE VIII.
The highest amount of indebtedness
and liability to which this corporation
shall at any time be subject shall be
the sum of Seventy-Five Thousand
Dollars ($75,O0O.O0).
IN TESTIMONY WHEREOF, We
have hereunto set our hands the 18th
day of November, 1919.
M. NJ WEUM,
MATT BELVERUD,
P. J. WEUM,
RANDOLPH WEUM,
EDW. M. ELKJER,
M. T. WEUM,
RUDOLPH L. WEUM,
In presence of:
S. o. WESTBERG,
E. M EMERSON.
STATE OF MINNESOTA, COUNTY
OF CLAY, IS.
On this 25th day of November, 1919,
personally appeared before me M M.
Weum, Matt Belverud, P. J. Weum,
Randolph Weum, Edward M. Elkjer, and
M. T. Weum, and Rudolph Weum, to
me known to be the persons named in
and who executed the foregoing Certi-
ficate of Incorporation, and each ac-
knowledged that he executed the same
as his free act and deed, for the uses
and purposes therein expressed,
S. o. WESTBERG,
Notary Public, Clay County, MINI.
My commission expires October 17s
1920.
STATE OF MINNESOTA
Department of State
1 hereby certify that the within in
Strument was filed for record in this
office on the 18th day of December, A.
D., 1919, at 9 o'clock A. NJ, and was
duly recorded in Book IA of Incorpora-
tions on page ISL.
JULIUS A. sCHMAHL,
Secretary of State.
OFFICE OF REGISTER OF DEEDS
County of Stevens, MINI.
1 hereby certify that the within in
strument was filed in this Office for
record on the 10th day of December, A.
n 1919 at II 40 o'clock A M, and was
duly recorded in Book 40" of Miscl. on
page $50.
A. f. RIEDNER,
Register of Deeds.
By E. E. Miller, Deputy.
SUMMONS
State of Minnesota, County of Stew