The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1905-04-27
Articles Of Incorporation.

,,d hnow az men by these presents: That the
persons whose names are hereunto subscribed
unoer and pursuant to the laws OF the State of
minnesota, become associated and hereby
aoopt and sign. the following articles OF incor-
ARTICLE FIRST.
Lumber Company
ARTICLE SECOND.
Inc genera! nature Of the business of said
t ti, snail be the buying and selling OF
nlaterlai OF every name and nature
ARTICLE THIRD
The principal place of business Of said cor
poratlon shall be the village of Princeton.
county Of Mile Laos, State Of Minnesota n'
ARTICLE FOURTH.
Inc til time s Of the commencement Of said cor
Of its continuance shall be thirty C0l vears fioo
ARTICLE FIFTH.
The amount Of the capital stock Of said
corporation shall be fifty thousand dollars
(S5O,W0OO) which shall be paid in as called for
ny resolu1lon OF the board OF directors.
ARTICLE SIXTH
III Inc highest amount of Indebtedness to which
SAID corporation shall at any time be subject
IS twenty-five thousand dollars (525 COO.OO).
ARTICLE SEVENTH.
The names and place of residence of said in
GOrporatorS are as follows: Thomas H. Calev
r msiam =; Chase and Swan S. Peterson, ali
Mile Laos and State of Minnesota.
ARTICLE EIGHTH
Inc names OF the first board of directors of
say 81 corporatlon are Thomas H. Galley William
Cnase and Swan S. Peterson ana the gov
ment OF its affairs shall be vested in q board of
I4ree directors from whom shall annually be
CHOSEN CI;os me following officers: A president,
Inc once OF secretary and treasurer may be
holuSn oy one person, and said officers shall
% " gtectea annually hereafter on the last
thursday OF december of each and every year.
ana until the last Thursday of December. 1905
the persons above named as the first hoard ri
o re shall act in that capacity, and the
Sa!9 1nOmas h. Galley shall be president the
said William P. Chase shall be vice president,
ana tne SAID swan S. Peterson shall be secre-
tary ana treasurer Of said corporation, and on
nuai!y tnereafter, new board of directors
snall De elected by the stockholders of said
corporation and from their number said board
OF directors shall elect the officers of said cor
poratlon to act for the ensuing year Said
election of directors shall take place at said
frnceton, and the election of said officers shall
Jake place as soon thereafter as may be prac-
tlcaDle at time and place to be then and
there designated by the board so elected
ARTICLE NINTH
Inc number of shares of the capital stock of
sald corporation shall be five hundred 5000,
and the amount of each share shall be one nun,
dred dollars (S1O0oO).
Witness our hands and seals, this 18th day of
April, 1905. "' VI
THOMAS H. Galley, CSeaI
SWAN S. PETERSON fSeal
WILLIAM P. CHASE, seal
In presence Of
MARIE KEITH
CHARLES KEITH.
STATE OF MINNESOTA,
County of Mile Lacs (ss.
On this Nth day OF April 1905, personally an
Peared before me- Thomas H. Galley. William
r. Chase and Swan S. Peterson, to me known
to be the same persons who executed the fore
going articles of incorporation, and acknowl
edged the same as their free act and deed.
CHARLES KEITH
Notary Public, Mile Laos County. Minnesota.
(Notarial SeaL)