The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1914-03-27
ARTICLES OF INCORPORATION
OF

of forming d corporation, under and pur-
suant to the provisions of Chapter Fifty
eight, $3.50, General Statutes of Mime
sofa, 1913, and any amendments there
Of, do hereby associate ourselves as
body corporate, and do hereby adopt
me following Certificates of Incorpora-
ton:
ARTICLE I.
The name of the corporation shall be
THE GEO. GUNDERSON COMPANY:
The general nature of it's business shall
be; the buying, trading or otherwise &C
quiring, all kinds of real estate, and the
Improvement, handling, selling and trad,
ing of same; the building, owning and
operating Of hotels cafes, and restaur-
ants; the buying, trading. or otherwise
acquiring of all forms of merchandise,
and the selling, trading, or disposition
thereof, either in job lots, and in whole
sale, or at retail, the loanins Of money
on real estate. farm lands. or other Sc
curity, and in general to incur such
expenses and to do and perform such
acts and things, and to hire and en-
ploy such help as may be necessary and
advisable in the proper and successful
conduct of business in the lines above
indicated.
The principal place Of transacting the
business of this corporation shall be in
the Town of kelliher, County OF Beltra-
mi, Minnesota.
ARTICLE II.
The time for the commencement of
this corporation shall be the 5th day
duration shall be thirty 900 years.
ARTICLE III.
The names and places Of residence
of the persons forming this corporation
are George F.. Gunderson, of the, town
of kelliher. County of Beltrami, Mime
sofa, Benjamin samuels, and NJ. S. Robb,
of the city of Minnea polls, County of
Hennepin, and State of Minnesota.
ARTICLE ".
The mana cement of this corporation
shall be vested in a Board Of Directors,
composed of not less than three go,
nor more than seven CD members.
The names and addresses of the first
Gunderson, of Kelliher, County of Bel
trami, Minnesota, Benjamin Samuels and
NJ; S. Robb. Of Minneapolis, Minnesota.
The first officers of this corporation
shall be George E. Gunderson, President
and Treasurer, Benjamin Samuels, Vice
President, and NJ. S. Robb, Secretary.
;. Al of the above named officers and
directors shall hold their respective Of
tices aforesaid until the next annual
meeting of the corporation. to be held
on the 18th day, of April. 1914, at P.
after, a Board of Directors shall be
elected from and by the stockholders of
this corporation.
The annual meeting Of this corpora
ton shall be held at it's principal place
of business, on the Tuesday after the
nrst Monday of February of each year.
ors, or as son thereafter as practicable
the directors shall meet and elect from
their number, a President and Vice
President, and from their number, or
from the stockholders Secretary and
Treasurer. Any two offices, except that
Of President and Vice president, may be
held by one person.
The directors and officers Of this cor
poration shall hold their respective Of
fees until their successors have been
duly elected and enter upon the dis
charge of their duties.
The first meeting of the stockholders
and the Board of Directors, shall be
held at Minneapolis, at 512 Plymouth
Building, on the 7th day of April, 1914,
at P. NJ.
ARTICLE V.
The amount of capital stock of this
corporation shall be Fifty thousand
(S5O0OO.OO) Dollars. which shall be paid
in in money or property, or both, in
such manner at such times, and in such
amounts, as the Board of Directors shall
order. The capital stock shall be divided
into five hundred 5000 shares Of the par
value of One hundred (S100.0O) Dollars
ARTICLE VI.
The highest amount of Indebtedness
or liability to which this corporation
snail be, at any time, subject. shall be
the sum Of Fifty-thousand $3.50, O0O.OO)
IN TESTIMONY WHEREOF. We have
hereunto set our hands this TIN daV of
March, 1914.
GEORGE E. GUNDERsON.
BENJAMIN SAMUELS,
w. S. ROBB.
In presence of
A. M. BREEDING,
NJ. r. LA POINTE.
STATE OF MINNESOTA }