Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1911-08-02

First Publ ation Aug. s. 11l1-2t) sssS
ARTICLES or uoo11o3A11oH
willmar Co-opsrative 1Esrcantils Cons
KNOW ALL MEN BY THESE PRES
ENTS: That the undersigned adult
residents Of the State Of Minnesota do
lowing lowing ARTI sf OF 1Nc g se H
TON, for the purpose Of forming cor
poration under Chapter IS, Revised
OF for s4 and the
supplemental thereto. s.
ARTICLE
The general nature of the business Of
this corporation is and shall be to en-
gage in and conduct q general mercan-
cooperative plan, and to that end to
purchase, take or lease or exchange. hire
or otherwise acquire any real and per-
1leges which the company think neces-
sary or convenient for the purpose of
it's business; to be and become party
to to- any lawful agreement for sharing.
rangements with any person. or firm, or
company that is carrying on or is en-
gagged in similar or other lines of busi-
ness, or that is conducted SO as directly
or indirectly to benefit this corporation;
to buy, sell, hold or otherwise deal in
the stock or products of any person,
camille or manufacturing business
whether on the cooperative plan or 9TH
erWise, and to buy, sell and deal in the
anS TO OF
qufre, manufacture, market, prepare for
market. sell, deal in and deal with mer-
cription which it may deem best, and
for that purpose it may engage in the
manufacture, construction, shipping,
storage and distribution of any such ar
tlc!es or things and may own, lease, hold
and operate all necessary land build
ings factories, stores, and such real and
personal Pc amnd,,d property as may be necessary
whether herein specifically mentioned or
not. e
~ ARTICLE II
The name Of said corporation shall
be Willmar Cooperative Mercantile
place Of business shall be at Willmar,
in the County Of Kandiyohi, and State
Of or Minnesota NJ and branch offices and
localities when desired.
ARTICLE III
corporation shall be Twenty (2O) years
ARTICLE w
The names Of persons forming this
corporation are A. O.. Borgan, Victor
Hansen, Ole Jermstad. A. J. Abbott, and
Of Kandiyohi and State Of Minnesota. >
ARTICLE V
Sec: 1. The capital stock Of this cor
P eR a9n oos shall be Thirty Thousand
HUNDRED 5000 shares. of one Hundred
($10O.Oo) Dollars each, shall be nom
assessable and shall be paid in at
Board of Directors may determine.
Sec. 2. No person shall receive or be
entitled to receive any dividend on the
capital stock Of this corporation in ex-
OF sh ten 60 Thares thereof
one vote at any regular or special
meeting or election Of this corporation.
ARTICLE VI
The officers Of said corporation shall
consist Of five .(5) Directors. from
Vice-President, a. Secretary, and a
4 orr, shall constitute quorum for the
ings Of the Directors.
The Directors shall be chosen at the
regular annual election or meeting Of
the stockholders and shall hold office
Until Until their H, successors have been duly
meeting Of the stockholders shall take
place at the principal office Of the com
panX in Kandiyohi County, Minnesota,
On the second Wednesday Of February.
each succeeding year Until the first
annual meeting or until their success
ors shall be duly elected and Qualified.
A. J. Abbott shall be President: Chas
Isaacson. vice.President: John Sandin.
! and p. A. Larson who, with the above
| named officers. shall constitute the
| Board of Directors of this corporation.
Iii ARTICLE VII
The highest amount Of Indebtedness
or liability to which this corporation
exceed the amount of the authorized
| capital stock of the company.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
Bird day Of July, A. D. 1911
..'F 4: O: BORGAN ISeal1
| VICTOR SWANSON [Seal7
ANDREW THYDIN fSeali
OLE JERMsTAD TSeai1 l0ea'l
A. J. ABBOTT [Seall
| JOHN sAND1N Isealj
Signed and sealed in the presence of
VIM: O. Johnson, -
State, of Minnesota, CO
County of Kandiyohf, S.
On t no s,a F DAY OF INK 1s1 before
said County and State personally ap-
peared A. o. Borgan, Victor Swanson,
Az Andrew Thydin, Andrew H. Hansen,
99lle AZ, ;;termstad, A. J. Abbott: and John
described in and who executed the fore
going Articles of Incorporation and sew
orally acknowledged that they executed
the same as their W free Z act 56 and DEED
Notary Public. Kandivohi Gamma Mr.,