Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1920-01-09
ARTICLES OF INCORPORATION or
wEUM-BELvERUD COMPANY,
MORRIS, MINNESOTA

We, the underSi gned, desiring to as
sociate ourselves, and to form a body
corporate under and pursuant to the
provisions of Chapter IS, of the General
Statutes of Minnesota, 1918, and amend
ments thereof hereby execute, adopt,
subscribe and acknowledge the follow
ing certificate of Incorporation.
.- ARTICLE I.
The name of this corporation shall
be "WEUM- COMPANY"
ARTICLE II.
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 Nthe purpose of
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 Nv.
The time for the commencement of
this corporation shall be January 5th,
1920, and the period of it's duration
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
NJ Elkjer, Willmar, Minnesota, M. T.
Weum, Moorhead, Minnesota, and Rud-
! olph L. Weum, Moorhead, Minnesota.
ARTICLE VT
The management of this corporation
shall be vested in the Board of Directors,
composed of not less than five 60 nor
more than seven 10 members. The
names and addresses of the first Board
of Directors are, M. M. Weum, Benson,
Minnesota, Matt Delverud, Morris, Min
nesota, P. J. Weum, Morris, Minnesota,
Randolph Weum, Georgetown. Minnesota
and Edward M. Elkjer, 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
ness on the third Tuesday in January,
, in each year. Immediately after the
I 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
a 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
offices until their successors have been
/ 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.O0), 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 (75O) 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
the sum of Seventy-Five Thousand
Dollars ($75, 000.O0).
IN TESTIMONY WHEREOF, We
have hereunto set our hands the 25th
day of November, 1919.
NJ M. 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.
i 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-
! f1cate 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 II,
| 1920. w..
| STATE OF MINNESOTA
| Department of State
| I 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 M, and was
! duly recorded in Book IA of Incorpora-
/ tions on page 151.
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.
D., 1919 at 1870 o'clock A. M, and was
duly recorded in Book 90" of Miscl on
page $50.
A F. RIEDNER,
| Register of Deeds.
! BY e. e. Miller, Deputy
J SUMMONS