Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1911-08-09
(First Publication Aug. 2. 1sl1-2t)
A1FIcLEs or 1NCo1PoRAF1oH
ii -0E-
Willmar Cooperative Mercantile Com
pany.

W2Am1I S0.OpoI8eaVO Aoxc30t1Ae COM
pany.
KNOW ALL MEN BY THESE PRES
residents Of the State Of Minnesota do
lowing ARTICLES OF INcoRPoRA-s
porafion o under ne chapter So. Revised Sol
Laws of Minnesota for 1905, and the
several acts amendatory thereof and
supplemental thereto.
| ARTICLE
The general nature of the business of
this corporation is and shall be to en-
gage in and conduct a general mercan-
tile and manufacturing business on the
purchase. take or lease or exchange, hire
or otherwise acquire any real and per-
sonal property. and any rights or priv
eges which the company think
It's business; to be and become a party
to any lawful agreement for sharing
prohts, cooperative Or mutual trade ar
company that is carrying on or is en-:
gaged-in similar or other lines Of busi-
ness or that is conducted SO as directly
4 4a incorrectly al to benefit this corporation;
the stock or products of any person,
hrm or corporation engaged in the mer-
ca hnfber o. Or th Notwithstanding business
erW1se, and to buy, sell and deal in the
capital stock of any corporation SO en-
gagged afr ana e. to take or otherwise ac-
market, sell, deal in and deal with mer-
cnanqlse ana machinery of every des-
cr1ption which it may deem best, and
for that purpose it may engage in the
manufacture, construction, shipping,
storage and distribution Of any such ar.
ticies or things and may own. lease, hold
ings, factories, stores, and such real and
personal property as may be necessary
TO conduct such business successfully
whether herein specifically mentioned or
ARTICLE II
The name Of said corporation shall
be Willmar Cooperative Mercantile
company DSand ny and its location and general
in the County Of Kandiyohi and STATE
or Minnesota, and branch offices and
departments may be conducted in other
lOcal1t1eS when desired.
ARTICLE III
The period Of the duration of this
corporation shall be Twenty (2o) years.
ARTICLE Nv
The names Of persons forming this
corporation are A. o. Borgan, Victor
Swanson, ~, Andrew Thydin. Andrew II.
John Sandin: all residing in the County
OF kandiyohi and State Of Minnesota.
ARTICLE v
a sec; !: The capital stock Of this cor
Peo 1ano shall be Thirty Thousand
$4,000 90? .o Dollars: divided into Three
e$loO:O91 Dollars each, shall be non
assessable and shall be paid in at
such times and in such amounts as the
Board of Directors may determine.
Sec. 2. No person shall receive or be
entitled to receive any dividend m the
capital stock Of this corporation in ex-
cess cesson OF st ten {1o) shares thereof. No
one vote at any regular or speciai
meeting or election Of this CORPORATION.
ARTICLE VI
o me officers Of said corporation shall
S %6om shaft Of f, !. 60 Directors from
Treasurer A majority of he d5in
2 tas S. shall constitute q quorum for the
fngs of the Directors
The Directors shall be chosen at the
regular annual election or meeting of
the stockholders and shall hold Office
eiected fn and have been duly
meeting Of the stockholders shall take
place at the principal Office Of the COM
pa panX {hd IN se Kandiy9ht County. Minnesota,
l912. and on the corresponding day Of
each succeeding year. Until the first
a annual nho meeting or until their success
a: J. Abbott shall be President; Chas'
lsaacson. Vice-President; John Sandin
secretary; Tobias Rasmussen, Treasurer
ana r A. Larson who, with the above
Board of Directors Of this cornoration
ARTICLE VII
, The highest amount Of Indebtedness
or liability to which this corporation
shal be at any time subject shall not
exceed the amount Of the authorized
capital stock of the company.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
sra day OF July, A. D. 1911
a: o. BORGAN [seal1
VICTOR SWANSON [Seal1
ANDREW THYDIN ISeali
ANDREW H. HANSEN ISea1T
OLE JERMSTAD (Seal1
a: J: ABBOTT [Seall
JOHN SANDINE ISeal1
signed and sealed in the presence Of
VIM. o. JOHNSON.
H. E. PALM.