Morris tribune., 1911-12-15
ARTICLES OF lNCORPORA-
TION OF
VINJE CLOTHING COMPANY

VINJE CLOTHING COMPANY
KNOW ALL MEN BY THESE
PRESENTS that the undersigned citi-
zens of the State of Minnesota. do here
by associate themselves together as
body corporate. pursuant to the pro-
visions of chapter Fifty-eight (58) of
the Revised Laws of Minnesota 1905
and amendments thereto, and do here
by make, subscribe, acknowledge and
eel tify to these Articles of Incorpora L.
tion.
| ARTICLE I.
Section /. The name of this cor
poration shall be "VINJE CLOTH
/ ING COMPANY" and it's principal
place of business shall be Morris,
Stevens County, Minnesota.
Section 2: The general nature of
the business of said corporation shall
be the buying and selling of all kinds
of merchandise, mortgaging and SELL
ing of Real Estate and personal pro
perty wherever situate; the erecting,
constructing. renting and leasing of
buildings; to borrow money. issue
notes and other evidence of indebted
ness and to make such arrangements
and enter into such agreements as may
be, or seem, necessary to carry out
attain the object and purposes herein
expressed and intended, and in general
to do and preform such acts and things
and transact such business, not in
consistent with law, as the board of
directors may deem to the advantage
of the corporation.
ARTICLE II.
The time of the commencement of
said corporation shall be the second
day of January A. D. 1912, and said
corporation shall continue for a
period of thirty (3O) years.
ARTICLE III.
The names and places of residence
of its incorporators are as follows:
Nickolai Vinje. Morris, Stevens
County. Minnesota.
Mikkel M. Weum. Morris. Stevens
County, Minnesota.
Mons T. Weum. Moorhead. Clay
County, Minnesota.
ARTICLE w.
Section /. The management of
said corporation shall be vested in a
board of not less than three (3) nor
more than FIVE (5) directors, who will
be stockholders Of said corporation,
and until otherwise resolved by the
stockholders. the board Of directors
shall consist of three (3) members.
Said board shall be- elected by and
from the owners of the common stuck
of said corporation, at the annual
meeting thereof, which shall be held
at the Office of said corporation in
Morris, Stevens County, Minnesota On
the third (3rd) Tuesday of January in
each year. commencing with the year
1913. The directors so elected shall
hold office for one ~ year and until
their successors are elected and shall
enter upon the discharge of their
duties, but majority of the stock
holders shall have the power at any
such meeting. properly called, to re-
move any director or officer for cause,
and to fill the vacancy and thereupon
the director or officer so removed shall
be considered to have ceased to be
with the active business of
said corporation as mentioned.
Section 2. The names of those
the board of directors until
the first annual election are as follows
Nickolai Vinje, Mikkel M. Weum
and Mons 7. Weum.
ARTICLE V. |
Section /. The capital stock of
said corporation shall be Twenty five
Thousand Dollars 1925, ,OOO) divided
into Two Hundred and Fifty (25O)
shares of the par value of One Hun
1red Dollars ($1OO. .OO) each. All of
said stock is to be common stock.
Said stock may be issued and paid
for as prescribed by the board of
directors, and if offered for sale by
the board of directors
shall have the first option and auth
,rity to buy the same for the corpora
lion if deemed advisable and advant-
ageous.
Section 2. The capital stock may |
oe increased at any meeting of the