The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-09

lR|TlClEs0f lNCoRPOR ALTON
S9'1 ..1... 4 ...|5 5...II
Royal 4 \ Land and Abstract Co,
d. For the purpose OF 1 forming and be-
Ing .aff corpora ton under and by virtue
the State. Of Minnesota. and partic ular-.
II under. the provisions OF Chapter S.
OF the General Statutes Of Minnesota
do hereby associate ourselves to 1seti:
and adopt the following Articles % Of
Incorporation. a% -, az " ~ ,5gT.
# ss5 5.5 slzs%&s ARTICLE I. &u S 81 5
be i. ROYAL LAND AND ABSTRACT.
COMPANY G; 7 4 The principal place Of:
Cook I. County. Minnesota, with such n
branch offices at other. places as may
said he natu pe
OF Its business shall be the buying,
holding, Improving, leasing and dealing
n n lands n,,ls. tenements and hereditaments;
other securities including the stocks
and bonds Of other corporations where
of a general set of abstract of title
books of lands in Cook County, Minne-
sofa, and also in any other county in
ing on of a general land, mortgage loan
and abstract of title business: the
Carrying EAR S,o on OF general logging and
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-
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;
constructing, leasing. owning and oper-
at1ng docks, wharves and warehouses,
ss de9g Of any and d. FL
going kinds of business.
ARTICLE II.
| this corporation shall be September
Goth, A. D. 1918, and the period Of it's
Duration shall be thirty (3o) years
thereafter.
ARTICLE III.
The name and places of residence of
the incorporators are: J: G. Johnson. J.
| residing in the City of Duluth. Mime
sofa.
ARTICLE w.
The government of this corpor alton
| and the management of it's affairs shall
be vested in a board of three directors.
| each of whom shall be a stakeholder
| and in the following officers to be
| chosen by the Board of Directors from
their own number or from other stock
Vice President. Secretary and Treasur.
err. Any two offices, except those of
President and Vice President. may be
held by the same person.
The &c dir eetQrS of SAID eorporation
thereof at the annual meeting of the
| corporation, which shall be held on the
hrst Wednesday of each year at the
of Grand Marais, Minnesota. at two
o'clock in the afternoon.
| The directors of said corporation
sna11 within 1ant,t ten Qo2 days after the
Of sad amd be seid the
vided for.
| The name and addresses of the di.
rectors of said corporation. composing
the first Board of Directors until the
directors, are as follows: J. e. John:
son, j. w. Osborne and John H. Brig.
ham, all residing in the City of Duluth
| Minnesota.
The first officers of said corporation
| who shall hold office until their sue.
cessors are elected and have qualified
Ire as follows: President. John II
Brlgham; Vice President. J. w. Os.
| Johnson.
The officers and directors of sai6
corporation, except those herein desig
mated to act as, such until their sue
shall hold office for the period of one
year and until their successors arr
ef q ana have qualified; The officer:
o oovs SAG a coronation shall have sucf
them by the laws of the State of Min
| nesOta and the Bylaws of said cor
poration to be adopted as prescribed
ARTICLE v.
The amount of the capital stock O.
sand ($50,0O0.00) Dollars, and it shall
be divided into one thousand $4,000
s 5sSd IS, Of 6o,, the par value of FIT!
for in money or property. real or per- per-
sonal, and shall be paid in in sucf
amounts as the Board of Director:
SPILL SPILL act determ nj When any of saie
Board Of Directors shall determine tn,
fair value of said property and thei1
determination shall be final and bind
ing. ''"
! ARTICLE VI.
The highest amount of indebtedness.
/ corporation
shall at any time he subject shall no
exceed the sum of Twenty-Five thou
asnd ($25,00O.O0) Dollars.
| ARTICLE VII.
The Board Of; Directors of said cor
poration may adopt such bylaws, rule
and regulations for the mana cement O
} said corporation and it's affairs as i
may deem necessary and may alter
modify or rescind the same.
|, IN WITNESS WHEREOF. We hav
hereunto set our hands and seals thi
18th day of September, A. D. 1918.
i J. c; JOHNSON. CseaD:
JOHN H. BRIGHAM, (SeaD.
Executed in presence of:
N. H. WILSON
G.. e. ADAMS
STATE OF MINNESOTA
0ss.
/ County of St. Louis
On this 18th day of September. A. D
1918, before me. a Notary Public within
and for said County, personally appear