240 HISTORY OF THE WHEEL AND ALLIANCE. 



2. The purposes for which this corporation is 

 organized are: To conduct a general mercantile busi- 

 ness. To act as agent for the purchase and sale of all 

 kinds of farm and orchard products, and general forward- 

 ing agent for all kinds of commodities. To erect, manage 

 and operate warehouses, stockyards, grain elevators and 

 packing establishments. To manufacture guano or other 

 fertilizers, and all such other enterprises as may be found 

 necessary or advisable to profit and betterment. 



3. This corporation shall have the power by and 

 under its corporate name to enjoy the following rights and 

 privileges, to- wit: It shall be capable in law to purchase, 

 receive and hold and enjoy, lands, goods, chattels and 

 property of any kind and effects whatsoever; the same to 

 grant, sell, mortgage and dispose of, sue and be sued, 

 plead and be impleaded, contract and be contracted with, 

 to make a common seal, to alter or break the same, to 

 establish and put in execution by-laws governing the 

 the corporation, to issue and float debenture or other 

 bonds, and to do a printing and publishing business. 



4. The capital stock of this corporation shall be 

 $100,000, divided into four thousand shares of. $25 each 

 25 per cent, of stock subscribed to be paid in during the year 

 1889, the remainder in three installments of 25 per cent, 

 annually, and when $10,000 is paid in the Board of 

 Directors shall begin operations. 



5. The term for which this corporation shall exist 

 shall be ninety-nine years. 



6. Subscriptions for shares of capital stock shall be 

 made by Wheels, Alliances, Unions and members of the 

 same, and shall be accompanied by 25 per cent, in cash 

 of the amount of subscription. 



7. It is hereby understood or agreed that each 

 Wheel, Alliance or Union adopting this exchange system, 

 and thereby ratifiying this plan, is firmly bound to sub- 



