The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1917-08-15

MTICl ES Of incorporation
Of
North Shore Garage and
Transportation Company
We, the undersigned, for the purpose
of forming a &c corporation under and
So, General Statutes of Minnesota for
1913, and under any amendments there
Of, do hereby associate ourselves as a
body corporate and do hereby adopt the
following articles of Incorporation:
ARTICLE l.
The name of this corporation shall
be North Shore Garage and Transport
The general nature of it's business
snail be general garage and trans
portation business for profit; to buy.
sites; to buy, own and sell automobiles
and automobile parts and accessories;
to own and operate machines and re-
pair shops and manufacturing plants
relating to automobile and transporta-
ton business; to carry mails, express
and passengers for hire; to buy, own
to the proper conduct of the business
aforesaid: and in general to operate
transportation lines within the United
States and Canada.
business of this corporation shall be in
the Village of Grand Marais. Cook
County, Minnesota.
ARTICLE II,
The time for the commencement of
this corporation shall be August 16,
1917, and the period of it's duration
shall be thirty years.
ARTICLE III.
The name and places of residence of
the persons forming this corpora ton
are George w. Robertson, J. G. Robert
son and Fred A. Winger. all Of Grand
Marais, Minnesota.
ARTICLE w.
The mana cement of this corporal ton
shall be vested in a board of directors,
composed of not less than three men,
bers and not more than five members.
The name and addresses of the first
board Of directors are George w.
Robertson. j. B, Robertson and Fred
A. Winger, all Of Grand Marais. Mime
sofa.
The first officers of this corporation
shall be: President. George w. Robert
son; Vice President, ]. B. Robertson;
and Secretary and Treasurer, Fred A.
All the above named officers and
directors shall hold their respective
offices aforesaid until the stockholders
meeting to be held September 1st, 1914
shall be elected from and by the stock
holders of the corporate ton to hold office
until the first annual meeting Of this
corporation on the first Monday in Jan
uary, 1918, at which time and annually
thereafter a board of directors shall be
elected from and by the stockholders Of
The annual meeting of this corpora
ton shall be held at it's principal place
of business on the first Monday in jan
nary in each year. Immediately after
ther W as practic s,tde the directors
number president and a vice presi-
dent and from their number or from
treasurer. Any offices excepting those
of president and vice president may be
officers of this corporation shall hold
their respective offices until their sue
cessors have been duly elected and
entered upon the discharge of their
duties.
The first meeting of the stockholders
and the board Of directors shall be held
at Grand Marais, Minnesota, on the
18th day of August, 1917. at 10 and II
o'clock A. NJ. respectively.
ARTICLE V.
The amount Of capital stock of this
corporation shall be twenty -five thous-
and dollors. which shall be paid in in
at such times and in such amounts as
the board Of directors sholl order.
The capital stock shall be divided
into twenty-five hundred shares of the
thausand of said shares shall he pre-
ferred stock and fifteen hundred shall
be common stock. The holders of the
preferred stock shall he entitled to re-
ceive from the surplus or net profits
Of the corporation, when and as de-
clared by the board of directors. dvi-
dens, divided at the rate of eight per
cent per annum payable annually on
the first Monday in January in each
year, beginning with the year 1919.
The divdens on the preferred stock
shall be cumulative and shall be paid
before any dividends are paid on the
common stock.
At all elections Of directors each
holder Of common stock shall be entitled
to as many votes as shall equal the
number of his shares of stock multi
piled by the number Of directors to be
elected and he may cast all of such
votes for a single director or may dis
voted for or for any two or more Of
them as he may fit. Preferred
stock shall not be voted.
ARTICLE VI.
The highest amount of Indebtedness
or liability to which this corpora ton
shall at any time be subject shall be
the sum of twenty-five thousand dollars.
IN TESTIMONY WHEREOF, Wehave
hereunto set our hands this 2sth day
Of July, 1917.
GEO. w. ROBERTSON
]. B. ROBERTSON
FRED A. WINGER
In the presence Of:
S. G. MURPHY
F. G. LUNDQUIST
STATE OF MINNESOTA, COUNTY OF
COOK-ss.
On this 28th day of July, 1917 per.