The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1907-03-08
ARTICLES OF INCORPORATION
OF THE
"ELY MERCA ACCOMPANY. :"

Il
rne undersigned for the purpose of
Incorporating as private corpora
iion, under Chapter Fifty-eight, (58),
Revised Laws OF the State OF Mime
sofa. 1905, do hereby adopt and sign
the following ARTICLES OF IN
CORPORATION.
ARTICLE L.
The name of such corporation shall
he, Ely MERCANTILE COMPANY"
and the general nature of its business
shall be buying, owning, selling ana
dealing in goods, wares and merclan-
disc of all descriptions, including
groceries. boots and shoes, crockeries.
aud dry goods, and all kinds of goods
aud supplies as are usually kept for
sale in general merchandise stores
when sold aJsretaii.
The principal place of business
shall, be 1T the City OF Ely, ST. Louis
County. Minnesota.
ARTICLE, 2.
The time OF commencement OF said
corporation shall be March 18th. 1907,
and the period Of CONTINUANCE of same
shall oe thirty years
ARTICLE. 3.
The amount of capital stock OF said
corporation shall be twenty Thousand
$40. 000), dollars, and be divided into
four (4). thousand shares OF Five to-,
dollars each: twenty-five hundred
B2500), dollars Of which shall be paid
INTO the treasury, before the com
mencement of business; all stock shall
he paid for in full at time OF being
subscribed and may be issued at such
time or times ~ NAV be determined
blythe board of directors of such cor
pOration.
ARTICLE. 4.
The highest amount of Indebtedness
or liability 10 which said corporation
shall at any time be subject, shall be
TWO thousand $4,000, dollars.
ARTICLE. 5.
The names OF the persons forming
such corporation, are, Matt MieLlun-
Ell. Charles PelJo, Peter KauppI Fri c
MARTHA, Emil Bjorkmau, Walter
Aiala, Frank Luhi aeala, David
jacobson. Ed. HarrI, Tom Wiki, and
Yrjo Lohomaki, and the residence of
all said persons is Ely, ST. Louis
County, Minnesota.
ARTICLE, 6.
The government of The corporation
and the management of its business
shall be vested i'll d board of Eleven
directors, who shall be stock holders.
and who with The officers may employ
a manager for Lne business outside of
The stockholders; aud Tie officers OF
said corporation shall be a PRESI-
DENT, CE-PRESIDENT, SECRETARY
AND / REASURER, duu They snall be
elected 10y the directors annually Im-
medIaUly after the annual election of
stakeholder, which elect SAID board Of
directors.
HE first board of directors shall
consist of tile foregoing and named IN
cUrporauOrS VINO shall hold office until
tile first annual meeting ana unLll
their successors ale elected and quail
tied the officers of SAID curpurdLIun
shall be as follows: Peter KauppI,
President. Charles PelJu, Vice Presl-
dent. David JacODsun, Secretary, and
Ed. Harm. Treasurer; who ale 70, hold
Office until the daLe Of the first an
Hual meeting Of lie corporation, and
until their successors are elected and
qualified.
rhe annual meetings of said corpor-
alton are TO be held on The first
Thursday III February of each year aJ
Eight (S). O'Clock IN The afternoon,
al tie Office of the Company aG Ely.
NJ Minnesota.
The board of directors of said cor
pOration, shall be divided into three
classes, named respectfully: Glass One,
which shall be composed Of four mem
bers: Glass Two, which shall be COM
posed Of four members; and Glass
Three which shall be composed of
three members; at The fist annual
meeting members of The first class
shall be elected for the term of one
wear: of the second class for the term
of TWO years: aud of the third class
for the term Of three years: and at
each subsequent annual meeting
thereafter, directors shall he elected
To fill tile Office of THAI class thai
shall then expire who shall hold their
offices for The Term of three years, and
until their successors are elected and
qualified.
In TESTIMONY, Whereof. we have
hereunto sat our hands and seals this
It'll day of February, A. ID. 1907
Signed. Sealed, aud exc
cut ed in presence of
A j HOMAS
IRENE / HOMAS
MATT MIETTUNEN, lSeall
CHARLES PELTo. [seal]
PETER kAUPPI, [seal
ERICK MERTTILA. [seal
EMIL BJORKMAN. seal
WALTER a IJALA. seal
FRANK LUIHTAEALA. [seal]
DAVID JACOBSON. seal
EDWAED llARRl. [Seal
THOMAS WIKI. [>eal]
YRJo LoHoMAKI. seal
STATE OF MINNEsOT
: OUNTY OF 1T. LOUIS.
o. tnis IltI da, III February. A. ID
1907, beiuie me a Notary Public, with
IN aud for SAID County, personally APP
peared. Matt MieIiu nnn, Charles
Pogo. Peter Kauppi, Eric Martha,
Emu BjOrkmdn, Walter Ajala, Frank
LuiIJaeala, David jacobson, Ed. Har
ri, Tom WIKI, and Yrjo Lahomakl,
10 me personally known TO be the