The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-09-25

lR'1lCL ES|0f Nc0RP0Rl TONI
Royal, Land and Abstract Go.
For the purpose OF forming and be-
ing a corporation under and by virtue J
Of the constitution and general laws Of I
the state Gf Minnss1ts anq partleular
| OF the General Statutes Of Minnesota
for the year i -. we, the undersigned, |
and adopt the following Articles Of
incorporation. 5slS 7: %S:5 +: n
i 55 $ 4zsi ARTICLE T.. s@# ri
The name of this corporation shall
5 6s KoXAL LAND 4AS AND ABsTR s
the village Ems Of eoe Gsana ma ssH
Cook County, Minnesota, with such
branch offices at other places as may
said Corporation. The me senera ef'G natupe
Of it's business shall be the buying,
holding. improving. leasing and dealing
the buying. holding. selling and dealing
in notes. mortgages. stocks. bonds and
other securities; including the stocks
soever located; the making or buying
of a general set of abstract of title
books Of lands in Cook County, Mime
the State of Minnesota, and the carry
ing on of a general land, mortgage loan
and abstract of title business; the
lumber. business. including the buying
and selling of timber stumpage, buying
logging and marketing of ali kinds Of
and all of the same into, finished lum-
Der; conducting general store. in
Guiding the buying and selling Of all
kinds of goods. wares and merchandise;
acting as resident agent for nonresi-
dent owners Of lands. whether farm
lands, timber lands or mineral lands;
ating docks, wharves and Warehouses,
business Incidental to any of tn the fore-
going kinds of business.
ARTICLE IL.
The time Of the, commencement of
this corporation shall be September
goth, A. d. 1918, and the period of it's
duration shall be thirty (so) years
| thereafter.
[ ARTICLE III.
1 The name and places of residence of
the incorporators are: J. C. Johnson. ].
w. Osborne and John H. Brigham, all
residing in the City of Duluth. Mime
sofa.
ARTICLE Nv.
The government of this corporation
and al. the J.. management Of it's affairs shall
each of whom shall be q stockholder
and in the following officers to be
chosen by the Board Of Directors from
holders in said corporation: President,
Vice President. Secretary and Treasur-
er: Any two Offices except those of
held by the same person.
shall pc esefed By By fS he
thereof at the annual meeting of the
corporation. which shall be held on the
first Wednesday of each year 1T the
office of said corporation in the Village
OF Grand Marais. Minnesota. at two
o'clock in the afternoon
The directors of said corporation
shal within ten QO) days afeer the
annual meeting meet and elect the
officers of said corporation herein pro-
The name and addresses of the di-
rectors of said corporation. composing
j the first Board of Directors until the
arst annual meeting and election OF
son, }. w. Osborne and John Fl. Brig
nam, all residing in the City of Duluth,
| Minnesota.
WIFI The sdn rSt officers Of said corporation,
y cessors are elected and have qualified,
ire as follows: President. John H.
Brlgham; Vice President J. w. Os-
borne; Secretary and Treasurer j. c.
Johnson.
. The officers and directors of said
corporation except those herein desig-
. mated to act as such until their sue
cesSors are elected and have Qualified
shall hold office for the period of one
year and until their successors are
ell teid and have qualified; me officers
powers and authority as are vested in
them by the laws of the State of Min
= nesOta and the Bylaws of said COR
poration to be adopted as prescribed
by law.
ARTICLE v.
said corporation shall be Fifty Thou-
S ba di, 9;$5o,ooo:Qo) Dollars. and it shall
Of the q par t Rsns Of uSf2
ls50:o0) Dollars each. and may be naiG
tor IN money NOR , or property; real or per-
"a the 3 Sea PAID of in p in sssn
- shall determine. When any of said
stock stock, shall be paid for in property the
fair value of said property and their
determination shall be final and hind
ARTICLE VI.
The highest amount of indebtedness
or mabihty to which said corporation
asnd (s25,0oo.oo) Dollars: ''-'e '"oo
ARTICLE VII.
The Board of Directors of said cor
poratlon may adopt such bylaws, rules
ana regulations for the managenlent of
E.. said corporation and it's affairs as it
4 may deem necessary and may alter,
- modify or rescind the same.
IN WITNESS WHEREOF, We have
s. hereunto set our hands and sells This
18th day of September, A. D. 1918.
J. c. JOHNSON, (SeaD.
J. w. OSBORNE, (Sea1N.
d JOHN H. BRIGHAM, (SeaD.
Executed in presence of:
. N. H. WILSON
G.. F.. ADAMS
STATE OF MINNESOTA