The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-01-03
ARTICLES Of incorporation
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TRADING POST, INCORPORATED

49, Know all men by these Presents
That we the undersigned do hereby
to pc and become a corporation under
and by virtue of the provisions OF
Chapter So Of the General Statutes Of
and ana fas nfsi
TO that end and for that purpose we
DO hereby adopt and sign the following
Certificate and Articles of Incorpora.
10 The i!tHn1 name "a Of this CORPORATION. shall
general nature of the business of this
corporation shall be: To deal in and
zeal with. either at wholesale or re-
c ca; upon It's soo own account or upon
chandlse, and other personal property
OF every kind. nature and description
whatsoever. including fish. fur and fur
mes of mercantile business, Including
The right to acquire, own, hold, rent,
lncumber and convey real estate or any
interest therein.
The principal place for trans.,c:
the business OF said corporation shall
be at Grand Marais, in the County of
COOK, and State Of Minnesota, and said
corporation may conduct stores, and
engage in it's business at such other
place or places as may be deternlin,
by its board of Directors.
The time of the commencement of
this corporation shall be December 18th
1916 and shall continue for period of
thlrty (3O) years, and may be renewed
from time to time for further periods.
Article III
The amount of capital stock of this
corporation shall be Twenty-Five Thou
sand Dollars ($25.000. 00) to be paid in
cash or property or both as may be de-
termined by the Board of Directors.
a ~ II c+@ ~1oo l.
two hundred and fifty (25O) shares of
the par value of One Hundred Dollars
($100. OO) each.
The highest amount of indebtedness
or liability to which said corporation
snail at any time be subject shall be
twenty-five thousand dollars ($25.oo0.
The names and places of residence
Of the persons forming this associa-
ton Tor incorporation are as follows,
Chas. J. Johnson, Grand Marais, Min
nesota. ~' 1'-A1A
A. G.. Johnson. Grand Marais, Mime
sofa.
G. G. stubstad, Grand Marais, Mime
sofa.
Article vi
!, The officers and persons in whom
VIC oO"S1 1l1lle1I Ol SAID corporation and
management of it's affairs shall be
vested shall be Board of three direc-
tors, members of which board shall be
elected annually by the stockholders from
their own number, at their annual
meeting which shall be held at Grand
Marais, on the second Monday of Janu-
AIRY of each year, at 2 o'clock in the
afternoon, commencing with the year
i9l7, and a President, a Vice President.
i Secretary and Treasurer who sha
pc elected by the Board of Directors
from their own number at the first
meeting of the Board in each year. af-
Ter the annual meeting of Stockholders.
Each of the officers and directors of
spective offices for the period of one
year, or until their successors have
been duly elected and qualified and any
two Of said offices except President
and Vice President may be held by the
same person.
The above named incorporators shall
constitute the first Board of Directors
ana until their successors have been
duly elected and qualified the following
named persons shall be the officers Of
Said corporation:
surer VI"
A. G. Johnson, Vice President.
c. G: Stubstad, Secretary.
In Testimony whereof, Witness our
hands and seals this 5th day of De-
cember, A. D. 1916.
CHAs. !: JOHNSON. (seaD.
c. G: STUBSTAD, (SeaD.
In presence of:
A. V. JOHNSON
ANNA DANIELS