The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1905-04-15

q ARTICLES 81
3s !, Or =. N
| } u ! ! RI J. ! r /. |. ON i
Grand Marais Realty Company
/ oF THE !.


Know All Men BY These Presents !; That
Agreement, ID Wri ting, do hereby assOci-
ate for the purpose OF orming ,ascoTpo-
sfdns ara
four (34) General Statutes of}Minnesota,:
for the year 1894. rs amended, and for that
purpose do subscribe and agree to the
- ."" :. ARTICLE T.. = sr>. 4 &. j
The name Of this corporation sha Il be
Grand Marais Realty Company. The
buy, own, hold, plat, lease. let, improve
mortgage, sell,4 convey and generally deal
in and deal with lands, tenements and
lands into towns, Blocks. lots. streets,
alleys, public places and public ways, and
tain, lease or mortgage whArves. piers,
docks. warehouses. stores. residences or
any other but ldingS, or structures WhatsO-
ever; also to buy, sell, own. deal in and
deal with mortgages. notes, stocks, bonds,
| leases and liens upon real or personal
property and securities Of every kind and
| nature; also to loan money on: real or per
sonal estate and on any OF. the above
| named securities and generally to have
| and 1necessary to the lines of business
above enumerated.
The principal place of business Of said
corpora ton shall be at Grand Marafs,
Minnesota.
ARTICLE II.
| The time of commencement of said cor
p pnd : the time Of its continuance shall be
! thirty years from that date.
ARTICLE III.
| The amount of capital stock of said cor.
poration shall be Fifty Thousand Dollars
| ESQ, 0OO) which shall be pxid in. in cash o
nner as shall be prescribed by the Board Of
| Directors. 81
| ARTICLE Nv.
The highest amount of indebtedness o.
liability to which said corporation shall
Ut any time be subject, shall be Five
| ThousandDollars ($5,OO0).
ARTlCLEv
The names and places of residences o
ae
Charles J: johnson and Gertrude M
Miller, residing at Grand Marais, Mime
Coryate S. Wilson, residing at Duluth
| Minnesota. 49,"
/ ARTICLE vi.
The officers and persons in whom tn
government OF said corporal ion and tn!
management of it's u fla frs shall be vestnd
shall be board of three directors, tn
bers OF which board shall be cleo te!
annually by the stockholders from thei
own number at their annual ndeetinI
which shall be held at Grand Marais, Min
each year, at two o'clock in the AFTERNOON
commencing with the year 1903. and
president, vice-president. secretary an.
Board of Directors from their own mum
Der at the first meeting of the BOa1d II
each year, to be held immedia te,y Ia tie
the annual meeting Of the stockholders.
The directors shall be elected by tn
stockh olders by ba Hot. each stockholde
proxy as many ballots as he has shares o
stock.
Any vacancy on the Board of Director
shall be filed by the remaining directors
the person so elected to hold until tn
next ensuing annual meeting of said cor
pQrati On or until his successor has becl
duly elected and qualified. = .,
Each of the officers and directors OF sal
corporation shall hold their RESPECTIVE
offices for the period Of one year or unit
ana qualified, and any two of said oftiee'
} except president and vice-bresident, ma,
be held by the same person.
The above named incorporators shall
ard the following. named persons shall b
the officers of said corporations:
CHARLES J. JohnH m, president,
| Coryate S. Wilson, secretary,
| Gertrude M. Miller. treasurer,
and all of said directors and officers sha
i QO1O Cuelf respective OInceS unCll incl
successors have been duly elected an
qualified.
| ARTICLE VII
The capital stock of said corporatio
shall be divided into five hundred sha re
OF tthe tpar value of one hundred dollar
each.
In Witness Whereof, the above-name
incOrporat tors have hereuntO set thei
hands and seal this 18th day of Marcel
/ A. d. 1905.
CHARLES J. JOHNSON. (Seal
GERTRUDE M. MILLER. (SeA1
'CORYATE S. WILSON. (Sea
Signed, sealed and delivered in presenc
off,
L.U.C. TITUS.
ROSE MURPHY.
NJ. G. BARNETT.
JOS. NJ REED.
Sta to of Minnesota |