The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1905-04-22

ARTICLE
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Grand Marais Realty Company. B


We. the Undersigned. ~ these Articles Of
Agreeme Mt, N wri ting, do hereby assoct-
ate for the purpose OF forming afcorpo-
eHsi sfa 81
four (3D General Statutes OF Minnesota
for the year 1894. as amended, and for that
following Articles Of interpretations.
FIJI Ell. :.>.x. ~ ARTICLE + - z<, =
The name of this corporation shall be
Grand Marais Realty. Company .',,s The
buy, own, hold, plat, lease. let, improve,
mortgage, sell, convey and generally deal
IN xse
lands into towns blocks. lots. streets,
alleys, public places and public ways, ana d
acquire, own, construct, operate, main
tain, lease Or mortgage wharyes. piers,
docks, warehouses. stores. residences or
any other buildings, or structures WhAtSO-
ever; also to buy. sell, own. deal in nd
deal with mortgages. notes, stocks, bonds,
ana sas pss or
nature; also to loan money on real or per
sonal estate and on any~Of the above
named securities and generally to have
and necessary, to the Ii mes of business
above enumerated. ~ -
The principal place Of business Of said
corpora ton shall be at Grand Marais,
Minnesota. ~
~ ARTICLE II.
The time of commencement of said cor
ind the time Of its continuance shall be
thirty years from that date.
ARTICLE Ill.
The amount of capital stock of said cor
pOratiOn shall be Fifty Thousand Dollars
(s5oooo) which shall be paid in. in cash o +
ner as shall be prescribed by the Board OF
Directors.
ARTICLE w.
The highest amount of indebtedness OF
liability to which said corporation shall
at any time be subject, Shall be Five
ThousandDollars (S5,0O0l.
ARTICLE
The names and places of residences OF
the persons forming this associa tion fol
Charles J; johnson and Gertrude M
Miller, residing at Grand Marais, Mime
-Coryate S. Wilson, residing at Duluth
Minnesota.
ARTICLE vi.
The officers and persons in whom the
government OF said corporation and the
management of its affairs shall be Vested
| shall be board of three directors, thu
annually by the stockholders from thei,
| own number at their annual meetinl
which shall be held at Grand Marais, Min
each year at two o'clock in the afternoon
| commencing with the year 1905, and 3
PRESIDENT, vice-president. secretary ant
or who Shall he elected by til.
| Der at the first meeting of the Board ir
each year, to be held Immediately ia ftel
the annual meeting of the stockholders.
The directors shall be- elected by tn,
| IT hn1 hxh no NJ do
shall be emit tied to cast in person or b!
proxy as many ballots as he has shares o
| stock.
Any vacancy on the Board of Director
the person so elected to hold until tn
| next ensuing annual meeting of said cor
poration or until his successor has beer
duly elected and qualified. "
| corporation shall hold their RESPECTIVE
offices for the period Of one year or til
their successors thave been duly electe'
ana qualified, and any two of said offices
| except president and vice-president, ma,
| be beld by the same person.
The above named incorporators shall
constitute the first Board of Direc tors
the officers Of said corporation;
Gertrude NJ. Miller. vice president,
| Coryate S. Wilson, secretary,
Gertrude M. Miller. treasurer,
| and all OF said directors and officers shall
hold their respective offices until thei
successors have been duly elected an
qualified.
ARTICLE VII.
The capital stock of said corporation
shall be divided into five hundred share
Of sthe tpar value of one hundred dollar
each.
In Witness Whereof, the above-name
incorporators have hereunto set thei
hands and seal this 18th day of March
A. D. 1905.
! GERTRUDE M. MILLER. (Seal
| CORYATE S. Wilson, (Sea]
Signed, sealed and delivered in presence
L.U.C. TITUS.
ROSE MURPHY.
M e RARN EyrT