The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-03-08
ARTICLES OF INCORPORATION.

We. the undersigned. for the purpose of in
corporation under the laws OF the state Of
Minnesota. do hereby adopt and sign the fol-
lowing articles of incorporation.
ARTICLE I.
The name Of this corporation shall be
NORTHLAND PRODUCE COMPANY.
The general nature Of the business Of the
corporation shall be to buy. own. keep. mort
gage. produce. manufacture and sell at
wholesale and retail. butter. eggs. poultry
and all varieties of farm produce. groceries,
fruits and other food products
To buy, own, keep, mortgage sell and deal
in live stock. real estate. promissory notes.
bonds. capital stock of other corporations
and chatlel securities. tenements and here
ditamentS and all classes Of real. mixed and
personal property. and to act as agents for
individuals. associations and corporations in
the transaction Of such business upon COM
mission or otherwise for hire.
The principal place of transacting such
business. and the principal place of business
Of the corporation shall be Bemidji. Beltrami
County. Minnesota.
ARTICLE II.
poration shall be the first day of March. A.
D. 1907. and the period Of its continuance
shall be thirty (3O years.
ARTICLE III.
The amount of the capital stock Of this cor
poration shall be fifty thousand $3.50. OOO)
dollars. which shall be paid in at such times
and upon such conditions as shall be provided
by the board of directors. -, - =
rect the. issue of special or preferred stock
with such preferences in favor Of such stock.
ana with such restrictions as to rights Of
previous authority from other stock holders:
but such special and preferred stock shall
not be issued for more than twenty thousand
dollars 100000 in the aggregate.
ARTICLE Nv.
:, The highest; amount Of indebtedness or
liability to which this corporation shall at
any time be subject shall be an amount equal
to it's capital.
ARTICLE v.
The names and places Of residence OF the
persons forming this association for incor-
CHAs. 5. GALE. New York, NY.
JOHN d: LUNN. Bemidji. MINI.
q g T; E KS Bemidji. Mimi.
T. J. RUSSELL, Bemidji, MINI.
ARTICLE VI.
The government Of this corporation and
the management of it's affairs shall be vested
in a board Of five directors. all of whom shall
De stockholders. and who shall be elected
yearly by the stockholders at their annual
meeting. which annual meeting shall be held
at a, the office OF the corporation in Bemidii.
third (3rd Tuesday in January of each year,
beginning with the year A. D. 1908 :
Each director shall serve until his successor
occurring, in the board of directors shall be
filled by the remaining members Of the board.
lmmeQ1ately following each annual meeting
Of stockholders, the board of directors
elected at such meeting shall convene and
shall elect from among their number, as
officers of the corporation. a president, vice
president. secretary and treasurer; and the
OfhceS OF secretary and treasurer may be
held by the same person. Chas. B. G ale John
y. Lunn. 9. L. Ekstrand P. j. Russell, w. E..
Neal shall constitute the first board of direc-
tors. each to act from the time Of the COM
mencement of the corporation, until the
election and qualification OF his successor.
Chas B. Gale shall be president, w. E. Neal
shall be vice-president. John D. Lunn shall
be secretary and treasurer Of the corpora
tlOn. each to act from the time of the COM
mencement Of the corporation. upon gu alify-
ing. until the election and qualification of his
successor.
ARTICLE VII. -
The capital stock OF this CORPORATION shall
be divided into one thousand $1,000 shares Of
fifty 600 dollars each, of which thirty thous-
and (S3O.OOO) shall be common stock, and
twenty Thousand (S2O.OOW shall be preferred
issued under the following contract:
An annual dividend of not less than seven
e PERCENT per annum on the par value repre-
sented by this certificate Is guaranteed
In witness whereof. the parties have hereto
set their hands and seals this 10th day of
February, A. D. 1907.
Signed. O. T. EKSTRAND
Signed. JOHN LUNN
Signed. w. E. NEAL
,, Signed, P. J. RUSSELL
Witnesses:
E. E. MCDONALD -
NJ L. ANDERSON