The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-09-01

We, the unuerSlSueus IcSiuCiAIS " 49,.
trami County, State of Minnesota, do
hereby associate ourselves together TOT
the purpose of becoming incorporated as
a cooperative association under the pro,
Eighty-two $3.50 Of the Revised Laws
of Minnesota, 1919, all the acts amend
atory thereof and supplementary there.
to. and to that end we do hereby 6y ; ADOPT
pora ton.
fName and Nature Of Business)
The name Of this association shall
be Northern Produce Assoc c h,,a noss
Yhe general nature of it's business
shall be to conduct an agricultural, :mer-
cantiles and manufacturing enterprise
upon the cooperative plan II @shaI
products, or those of its members or OF
other cooperative associations, as IL, OF
it's members. or other cooperative asso-
Citations may determine. elther a IN Wv
be. 1t shall also for the above p 9I-
pose have power to purchase ana hoia,
lease, mortgage. cucumber, sell, ex-
buildings and personal property as the
business Of the association may require,
and to erect buildings upon its own
lands or leased gro dha also have
power to affiliate with. and to cooper
ate with, by membership or otherWlse,
any other association having a ike co,
invest all or any part Of it's funds IN
the Capital Stock Of any other cooper
alive association. 1t shall have power
consistent with law. which is necessary
or desirable to accomplish the effects
and purposes herein stated. 20
Article II.
&.&(Rlace Of Business.)
The principal place Ct tr trans CT af
Marsh Siding. County of Beltrani, Min
neSota. 49,
GPeriod of Commencement and Duratton)
The time of commencing business for
this corporation shall be September first,
1920: and the period for its duratlon
shall be thirty years.
Article ~.
(Names and Residences Of Inoo1por-
The names and places Of residence OF Of
the persons forming this corporation
H. L. Arnold of Bemidji, r. r. No: L..
Chas. r. Zahn Of Turtle River, X. II.
Thos. Porte of Turtle River, r. R.
W. A. Worth Of Re1ntdji. +. r. No. /.
Peter Otto Carlson of Turtle H1Ver'
Hans Nelson of Turtle River. R. R..
Article v.
(1fSras.ement)
The management of this corporation
shall be vested in Board Boar OF directors snS
places Of residence of the first Board OF
Directors. who shall serve until the nrst
OFFICERS Of this corporation shall be
a president. vice president, and secre,
tary-treasurer, elected annually by and
from the Board of Directors.
The annual meeting shall be held IN
Article VI. II,
Capital stock)
Ths Shall Fl be which,
shall be paid in money or in property
or both. in such manner, at such times.
Directors Dir shall order. The capital stock
shall be divided into 100 shares Of the
par value of $4,000 each.
Article WI.
(Indebtedness)
The amount Of indebtedness that may
ISOLATION shall at no time exceed $780,
0O0'0O' Artic,. vm.
Theseaarticles may be amended In the
manner provided by law.
unto set our hands, this eishteenth day
Of August, 1920.
=; /; AE 3 81 4;,
HOS: PooRTE,
A. D. GLIDDEN,
PETER OTTO CARLSON,
HANS NELSON.
(NOTAR1AL sEAL)
SIGNED. Sealed and Delivered in the
presence, OF
D. c. DvORACEK,
GEO. W. RHNA.
State Of Minnesota,
County Of Beltrani, 50.
Upon this seth day Of August 1920.
personally appeared before me- n. I. Ar
mold. Chas, F. Zahn, Thos Porte. ". A.
Worth, A. D. 0nddea, Peter Otto Carl.