The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1911-08-23
ARTICLES OF, INCORPORATION ..
LYCAN Il COMPANY.

11O1NSe III
LYcAN & COMPANY.
Know all men by these presents, that
We the undersigned, do hereby assOci-
ate ourselves together for the purpose
Of forming corporation under the
laws of the State OF Minnesota, and to
that end do hereby adopt these articles
or Incorporation.
ARTICLE i.
The name of this. corporation shall be
Lycan & Company, and the general ma
ture Of its business shall be the carry
ing on of hotel business together with
such other business as may be incidental
thereto, or conveniently connected there
with, and the acquiring, by purchase or
lease, of real estate OF. other personal
property to be used in connection with
such business and the acquiring, of, by
purchase or lease, such other real es-
tate or personal property as may be
deemed advisable for investment pur-
poses; to hold, use, sell and dispose of
any such property so acquired
The principal place of transacting
the business of said company shall be
in the City Of Bemidji, Beltrami County,
Minnesota.
ARTICLE II.
The period of, duration of said cor
poraIion shall be thirty: 600 years
from fCNe@ ISL .uely. .OIi MAY, ISL
ARTICLE III.
The names and places of residence of
the incorporatorsTof this company are
as follows: 81
Frank S. Lycan, Benlidji, Minnesota.
Jessie II. Lycan, Bemidji, Minnesota.
Donna M. Lycan, Bemidji. Minnesota.
ARTICLE ".
The management of this company
,l,ol lo tn tc nd Of :
ors, consisting Of three members, who
shall be stock holders. The date Of the
annual meeting of the: stock holders
shall be the second Tuesday of Janu-.
airy of each year, at which time the
stock holders shall elect the Board of
Directors. The Board of Directors so
elected shall, on the next day after the
annual meeting of the stock holders,
hold and annual meeting, and at that
meeting elect officers of this company
consisting Of President, Vice-president,
Secretary, Treasurer and Manager.
The Office Of President and Manager
may be held by the same person and the
Office Of secretary and treasurer may be
held bv the same person.
TIL members Of the Board Of Direct
ors and the officers shah hofd their re-
spective offices for a period Of one year
from the time of their election or until
their successors are elected. In case
the Board of Directors or officers are
not elected as herein provided, the stock
holders or the board of directors, as the
case may be, may call a special meeting,
and such election held at such meet
ing In case of vacancy in the Board
of Directors or other officers such va
cancy, in the Board of Directors, may
be filled by the remaining members,
and such vacancy in the other offices,
may be filled by the Board Of Directors.
fo111 ~Lo
compose the first Board Of Directors:
Frank S. Lycan, Jessie H. Lycan and
Donna M. Lycan, all Of Bemidji, Mimi
esota. -..
And the following shall be the first
officers of this company: ...
/ President and Manager, Frank S. Ly-
can. .- ... -s-.
Vice-president, Donna NJ. Lycan
Secretary and Treasurer, Jessie H.
Lycan. ....
ARTICLE ".
The amount of capital stock of this
company shall be Fifty Thousand $780,
100000 Dollars, divided into five hun
dred shares 5000, of the par value of
One Hundred Dollars ($100.OO) each,
which shall be fully paid for, at it's
par value, at the time of the issuance
of such stock. The amount of stock
to be issued, and when it shall be issued,
termined by the Board of Directors.
.-- ARTICLE vi. ...-..a
The highest amount of Indebtedness
or liability to which this corporation
shall, at any time, be subject shall be
thirty thousand dollars ($30,OOO).
In Testimony Whereof. the PARTIES
have hereunto subscribed their names
this 18th day of May, 1911.
r. FRANK S. LYCAN
JESSIE H. LYCAN
DONNA M. LYCAN
In presence of e. e. Mcdonald and
| r. G. Mariner.
State of Minnesota,
| County of Beltrami-ss.
Be it known that on this 5th day of
| August, 1911, before me personally APP
| peared Frank S. Lycan and Jessie H.
! Lycan and Donna M. zLycan, to me
known to be the persons named in and
who executed the foregoing articles of
inco1 poration, and they each acknow-
lodged that they executed the same as
| their own free act and deed.
| q. S. " E. E. MCDONALD,
! Notary Pnh1ic Re1tra Conn "