The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1903-06-18
Articles of Incorporation
Of
THE LONGS MERCANTILE co.

We: the undersigned for the purpose of Or
ganlzlng corporation according to provisions
OF title two. chapter thirty-four of the general
statues of 1894 of the State of Minnesota and
OF the acts amendatory thereto. do hereby as
soclate ourselves and to that end do sign and
ADOPT the following articles of incorporation:
ARTICLE I.
The name of this corporation shall be The
Longs Mercantile Co. The general nature of
its business shall be the buying and selling of
potatoes, wood, lumber and all classes of goods.
wares and merchandise necessary in conduct
ing general mercantile business and such
other business as is essential and incidental
thereto.
The principal place of business of this cor
poration shall be Longs Siding. Princeton
township. county OF Mile Laos, State OF Min
neSOta.
ARTICLE II.
The time of commencement of this corpora-
ton shall be the first day of July 1903 and the
period of it's continuance shall be thirty years.
ARTICLE III.
The capital stock of this corporation shall be
Ten Thousand Dollars OSLO, Oo0.0O} which shall
be divided into one hundred shares OF one
Hundred Dollars (S1OOOW each. of which the
sum of Five Thousand Dollars has been paid in
and the balance shall be paid in as required by
the board OF directors.
ARTICLE w.
The highest amount of Indebtedness or liza
blllty which this corporation shall at any time
be subject shall be Twenty Thousand Dollars
$50, 100000
ARTICLE V.
The names and places of residence of the
persons forming this corporation are H. 3,
Thomas and Charles E. Healy residing in the
city of Minneapolis, Minnesota and B. F. Reem
residing at Longs Siding, Brickton P O..
Mile Laos county. Minnesota.
ARTICLE vi.
The names of the first board of directors are
g. e. Thomas, Charles E. Healy and B. F.
Reem, who shall each hold his office until the
first annual election and until his successor is
elected and qualified.
the first vice-president and treasurer shall be
Charles E. Healy and the first secretary shall
be B. F. Reem.
The government of this corporation and the
management of its affairs shall be vested in a
board Of three directors who shall be stock
holders and who shall be elected by the stock
held on the first Monday in January Of each
year commencing with the year 1904 at the
principal office of said corporation at Long S
Siding, Princeton Township, Mile Laos county,
Minnesota
In case the said directors are not elected at
the time above mentioned they may be elected
at any subsequent meeting of the stockholders
called for the purpose.
Immediately on their election the board of
directors shall choose from their number a
president, vice-president, secretary and treas
urer. The offices Of vice-president and treas
urer may be held by the same person. Each of
said officers and directors shall hold office for
one year ana until MS successor is elected and
duly qualified.
The board of directors shall have power to
appoint and designate the duties of such off,
GERS as they shall deem necessary to the proper
conduct of the business of such corporation
and make such bylaws and other rules and
regulations not inconsistent with these articles
or contrary to law, as they may deem necessary
or proper for the government of said corpora
ton.
In witness whereof we have hereunto set our
hands and seals this end day of June 1908.
H. E. THOMAS (SealO
CHARLES E. HEALY (Seal) }
Is. +. KEEN (Seal)
SYDNEY ENGLISH.
J. J. SKAHEN.
STATE OF MINNESOTA. &C
County Of Hennepin. IS
Re it known that on this End dav of lime
1908, personally appeared before ME H. E.
ally known to be two OF the persons described
in and who executed the foregoing articles of
Incorporation and acknowledged the execution
of the same to be their free act and deed.
REGINALD HEALY
IN. +. SeaL) Notary Public, Minnesota
STATE OF MINNESOTA,
County of Mile Laos. S.
Be it known that on this 10th day of :lune
l9O3 personally appeared before me B. f. Reem
to me personally known to be one of the per
sons described in and who executed the fore
going articles of incorporation and acknow1-
edged the execution of the same to be his free
act and deed.
IN. P. seal.) Notary Pubic, Minnesota