The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1906-07-06
Articles Of Incorporation of
Minnesota Dry Goods Co.

ANOH ALL MEN BY THESE PRESENTS, Ilat
the undersigned do hereby associate them
selves together for the purpose of becoming
corporation, under and pursuant to Chap
ter So of the Revised Laws of Minnesota for
the year 1906 and all acts supplemental there
to. and do hereby adopt the following Arti-
cles OF Incorporation, to-wit:
ARTICLE l.
The name OF this company shall be the Min
nesota Dry Goods Company.
:ARrICLE E.
The general nature of the business of said
corporation shall be to acquire conduct and
operate general retail and wholesale dry
goods and mercantile business, and to &C
quire, hold and dispose of real estate and per.
sOnal property as may be necessary, inciden-
tai and advantageous to the general purposes
herein expressed for the proper conduct of
said business.
ARTICLE B.
ness OF this corporation shall be at the City
of Virginia. in the County of St. Louis, and
State OF Minnesota.
ARTICLE 4.
The time OF the commencement of this cor
poration shall be the first day of June. 1906,
and the period of it's continuance shall be
thirty CsU years.
ARTICLE s.
The amount of capital stock of this corpor-
alton shall be Twelve Thousand (S12,O00OO)
Dollars, which shall be divided into one hun
dred twenty t12O) shares of One Hundred
($1Oc .0O Dollars each, and shall be paid in as
the Board OF Directors shall demand.
ARTICLE 6.
The highest amount of Indebtedness to
which this corporation shall at any time be
subject shall be Twelve Thousand (sl2,oO0CO)
Dollars.
ARTICLE 7.
The namesand residences OF the persons
forming this corporation are as follows: Sam
Lippman. residing at Mountain Iron Minne-
sofa: Max Lewis, residing at Chisholm, Min.
nesota, and Charles Hallock, residing at Hib.
bling, Minnesota.
ARTICLE g.
The government of this corporation, and
the management OF its property and business
shall be vested in the Board of three Direc-
tors to be annually elected from among the
stockholders, at the annual meeting of the
stockholders and the following officers to
be elected by the Board of Directors from
among their own NUMBER viz: President,
q Vice-President, a Secretary and Treasurer
whose term of Office shall be for one year and
until their successors are duly elected and
qualified, and the Office of Secretary or Treas.
urer may be held by any other officer of this
corporation. The rBoard of Directors shall
Adopt such bylaws for the government and
management of said corporation not incon-
sistent with these articles or with the consti-
tation and laws of Minnesota, as they deem
proper.
Sam Lippman, Max Lewis and Charles Hal
'ck shall constitute the first Board Of Direc-
t ,rs and hold Office until the first annual
meeting and until their successors have been
duly elected and qualified, and until such an
nual meeting is held the general officers of
this corporation shall be Charles Hallock.
President; Sam Lippman. Vice-Presidenta and
Secretary, and Max Lewis, Treasurer,
The first annual meeting of the stock hold
ers hereof shall be at the place of business of
this corporation In Virginia, Minnesota, on
the second Tuesday in January, 1907, and an
nually thereafter on said day. at 10 o'clock in
the forenoon.
4; In Witness Whereof the above named incor-
porators have hereunto set their hands and
seals this 2ath day OF May, 1905.
CHARLES HALLoCK lSeal.l
SAM LlPPMAN. CSeal.I
MAX LEWIS. ISeal. !
/ Signed, Sealed and Delivered in Presence Of
/ OTTO A. POIR1ER.
J. y. MORELL.