The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-16

lt0f Ine urpOae OF forming and Nbe-S]
che State of dinnesota.Han ana particular.
under the provisions 81 Il of Ghapteari 5Sl
for the yea. 19l3. q, the ndersiened,
DO hereby associate ourselves togetherI
and adopt following Articles of
SSARTICLEI. N 4,
u The q IS name q this ation shall
COMPANY, The principal inc E place CO It
business of this rporation shall Be
/ ct the Village of Grand Mara1s, ia
S Soe ~, county. MAinnesota with such
e de caesdr. upon PE the
Iof its business shall be the buy ing
ia lands tenemenfs and Observation-Disclosures edit Inla
the buying. holding. sellingA and dealing
In notes, MORTGAGES. stocks. bonds and
and bonds OF other corporations where
soever2 located; the making or buying
Iof g general set Of abstract OF title
sofa. and also. In any other county In
the State Of Minnesota and the carry
ing on. OF a general hand, mortgage loan
and abstract of s. title business: the
carrying on sof a general logging and
lumber business. including the buying
and selling OF timber stumpage, buying
logging and marketing Of all kinds Of.
forest products, and manufacturing any
and all Of the same into finished lum-
Der ;conducting. q general store, in
kinds Of goods, wares and merchandise
acting as resident agent for nonresi-
dent owners of lands. whether farm
lands, timber lands or mineral lands:
constructing, leasing. owning and Oper-
ating docks, Wharyes and warehouses,
and the doing of any and all other
business incidental to any OF the fore
i going kinds of business. !. =
| .!I>s=.5 ARTICLE II. -': s>s f.. - =
The time Of the commencement of
2Oth,. A.. D. 1918, and the period of its
duration shall be thirty. (30) years
/ thereafter. 80 -. -! - -
/ j ARTICLE III. ~ il
The name and places Of residence Of
the incorporators are: J.. c.. johnson. J..
residing in the City of Duluth. Mime
sofa. -,%- = = -. .-%, ~; III
- : ARTICLE ~. - !
The government. Of this corporation
and the management of it's affairs shall
be vested in board Of three directors,
and in the following officers to be
chosen by the Board of Directors from
their own number Or from other stock
Vice President s secpetary and Tressur,
| er. Any two offices. except those of
| President and Vice President. may be
Il
shall be elected by the stockholders
thereof at the annual meeting of the
corporation, which shall be held on the
office of said corporation in the Village
Of Grand Marais. Minnesota, at two
o'clock in the afternoon.
The directors of said corporation
annual meeting meet and elect the the
OFFICERS Of said corporation herein pro-
Ivided for. ~.
The name and addresses of the di-
rectors of said corporation. composing
first annual meeting and election of
directors, are as follows: j. C. John
son: J: w. Osborne and John H. Brig
/ Minnesota.
i&<.fheS first officers of said corporate
VINO shall hold office until their sue
cessors are elected and have qualified,
Brigham; Vice President. J. W. Os.
borne; Secretary and Treasurer, J. c.
| Johnson. ~ -
The officers and directors of said
mated to act as, such until their sue
cessors are elected and have qualified.
shall hold office for the period of one
elected and have qualified. The officers
of said corporation shall have such
powers and authority as are vested in
i t1oAit Ny euc laws VI the state OF Min
nesota and the Bylaws of said cor
poration to be adopted as prescribed
by law. =
i ARTICLE ". ..-.
The amount of the capital stock of
said corporation shall be Fifty Thou
sand $50.ooO.oO) Dollars. and it shall
De~ divided into one thousand (1.OOO)
shares Of the par value of Fifty
ts5oOo? Dollars each. and may be paid
fora in money MOI or PROPERTY, real or per-
amounts as the Board of Directors
shall determine. When any Of said
stock shall be paid for in property the
Board OF Directors. shall determine the
lair value of said property and their
ing. '>'
# ARTICLE vi: :.
The highest amount of Indebtedness
shall at any time be subject shall not
exceed the sum of Twenty five thou
asnd ($25,ooo.oo) Dollars.
! -. ARTICLE VII,
! The Board Of Directors of said cor.
pOratlOn may adopt such bylaws. rules
and regulations for the management of
sad corporation and it's affairs as it
modify or Zrescipd the same. - =
I. IN WITNESS WHEREOF. We have
9th day of September A. d. 191S, - :
J. c. JOHNSON, (Seal).
4 J.: W: OSBORNE, (seal). = ~
JOHN. n. BRIGHAM, (seaD. <
! c G. E. A MaASs5N + ~ #
STATE re- OF MINNESOTA H.; :&.=.s>
1.