The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1898-05-04
ARTICLES OF
INCORPORATION
of the
Finnish Stock
Company.

KNOW ALL MEN BY THESE PRESENTS. that
we the undersigned have associated our
selves together for the purpose hereinafter
mentioned. pursuant TO the provisions OF
Title Two. %. of chapter Thirty-Eour. ga.
General Statutes of Minnesota" alld to that
end have organized in adoptipg>and signing
the following articles oIlfCOrporation.
ARTICLE l.
The name of the corporation shall be, ELY
Finnish Stock Company"
ARTICLE H.
The general nature of the business of this
corporation shall be to open and maintain
general store. to buy and sell for profit to
itself and others and keep in stock to sell at
retail, groceries. provisions. Queensware,
boots. shoes. clothing. hats, caps, meats
cutlery. and all other kinds of merchandise
they may need. or is usual or customary to
carry in stock in a general merchandise
retail store.
ARTICLE III.
The principal place of business of this
company shall be at Ely. st. Louis county,
Minnesota.
ARTICLE ".
The time of commencement of this corpor-
alton shall be May 10th, 1888, and shall con-
tinue in force thirty years.
ARTICLE V.
The capital stock tofsfhis corporation shall
be Five Thousand dollars. ts5.000.00). Two
stock. shall be paid IN on or before the COM
mencement of business of the corporation,
the balance to be paid in as called for by
resolution of the board of directors.
ARTICLE vi.
The highest amount of liability or indebt-
edness to which this company shall at any
time be subject is the sum OF Two Thousand
dollars. tS20Oo,00).
ARTICLE VII.
The names and places of residence OF the
persons forming this incorporation are as
| follows; viz;
Matti Porthan. Ely, Minnesota.
Andrew Watila. -
otto Pikkarainen. :.
f.. W. LunG.
| John r. Porthan
The government of this corporation and
the management of its affairs. shall be
vested in the following officers. to-wit:
A board of Directors and President.
Secretary and Treasurer. all OF whom shall
be stockholders and be elected annually.
The board of directors shall be elected by
the stockholders at their annual meeting,
and the president secretary and treasurer
shall be elected by the board of directors.
The names of the first board OK directors
| the following named Offices until August
| 1895 when the first election Of directors and
officers shall be had are as follows:
| PreSident-E. w. Lund.
Secretary Ohm E. Porthan.
| Treasurer-'Hatti Porthan.
| The time and pace of holding the annual
NEE tings of the stockholders of this corpor-
alton. for the election OF directors shall after
/ the first meeting in August lo9S. be on the
| second Tuesday of August of each and every
year thereafter. at the hour and place to be
| ixed by the bylaws of the corporation.
The Office of secretary and treasurer may
be held by one and the same person.
ARTICLE TX
The capital stock of this corporation shall
| be divided into Five HundredaiJ0O shares oi
Ten dollars. $1,000 each.
] In testimony whereof we have hereuntn
set our hands and affixed our seals this l4tl
DAY of April, A. u. 1898.
MATTI PORTHAN. (seal
ANDREW WATILA. lseal]
OTTO PIKKARAINEN, lScall
/ E. w. LUND. tseall
JOHN E, PORTHAN, LscalJ
In presence of
| A. j. Thomas.
| John Palmgard.