Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1920-05-12
RR5. e. IA, II 5.# May 12-19 a.
Articles OF Incorporation
Of the HI III
CO-OPERATIYE ELEVA-
n 4E TOR CO.,
AlvaradO, Minnesota.

l;3 Of the al .5,St44. III F.E b.
FARMERS CO-OPERATIyE ELEvA-a
TOR CO.. Hi
Alvarad0, Minnesota. 3# II
We. the undersigned. residents Of
Marshall and Polk Counties. State Of
Minnesota. do hereby associate our
selves together for the purpose Of be-
coming incorporated as cooperative
association under the provisions Of
Chapter three hundred and eighty-two
(3S2) Of the Revised Laws Of Mime
sofa, 1919, all the acts amendatory
thereof. and supplementary thereto.
sign the following articles Of incor-s
poration: 5|@*&@ J. ~. S, >,sa. r.
81 =. ARTICLE I. :.",.. @@"...
The name of this corporation shall
be the Farmers Cooperative Elevator
Company. .|,. XII 5,.
ARTICLE H. H.. r.
The principal place Of business of
this corporation shall be Alvarado. Min
nesOta. .'..-. J.
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-
Giles as may properly be handled to the
interests Of the stockholders Of this
corporation; 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,
ARTICLE Nv.
The time of commencing business for
this corporation shall be May LIST, 1920,
and the period of it's duration shall be
ARTICLE v.
The names and places of residence
of the persons forming this corporation
are:
A. G.. Nybladh, Willie Palm, Martin
Linderoth, J. W. Morberg. John w.
Sands, Anton M. Swanson, Peter Nord-
lund, all of Alvarado, Minnesota, and
Gust Wahlin, Warren, Minnesota, and
Jens E. Dahl, East Grand Forks. Min
nesota.
The management of this corporation
shall be vested in board of directors
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 for three
years.
Within five days after the election.
the board of directors shall meet and
organize, and shall elect from their
own number a president, vice-presldent,
i
| for one year.
The names and addresses of the first
board Of directors are: A. g. Nybiadh'
Willie Palm. Martin Linderoth, J. ".
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
1 Ill Nf he
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 ($75,000) 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.
to fifteen hundred (1500) shares of the
par value of Fifty dollars ($50) each:
ARTICLE TX.
The highest amount of indebtedness
or liability to which this corporation
shall at any time be subject. shall be
sum not to exceed the actual paid-ln
! capital stock.
ARTICLE x.
These articles may be amended II
the manner provided by law.
In testimony whereof, we nave mere.
unto set our hands, this 10th day OF
'A"'' A'0'' A. G: NYBLADH.
WILLIE PALM
| M. H. LINDEROTH.
j. w. MORBERG.
| JENS r. DAHL.
GUST WAHLIN.
PETER NoRDLUND.
JOHN w. SANDS.
Signed, sealed and delivered
| In presence of
A. W. Sands.
State Of Minnesota,
County of Marshall-ss.
On this 10th Gay of May, 1920, per
fsonallY~ appeared before me, notar
public IN and for Marshall County,
roth, J. W. Morberg, Jens E. Dahl, Gus
Wahlin, Anton M. Swanson, Peter Nord
lund and John w. Sands, to me know
to be the persons named in and VIII
Incorporation, and each acknowledge
that he executed the same as his ire
act and deed, for the uses and purpose
therein expressed.
Notary Public, Marshall County. Minr
NY Commission expires May Ia, 1922
(SeaD
State Of Minnesota, t...
County of Marshall-ss.
I hereby certify that the within in
strument was filed in this Office TO
record on the 18th day of May, A. [
1920, at 400 o'clock p. M, and was dull
recorded in book K, of Miscelleanou:
on page 213.
CHAS. E. GRINDER,
IL Register of Deed:
D. ai|| a / ! MM!!!
WARREN MINI.