The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-02-25

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sell, operate and otherwise deal in
mills and factories, and all buildings
accessory thereto, and machinery and
tools of every kind, sort and descrip-
ton, for the making, constructing,
building and manufacturing of such
hardware, machinery, building mate
rial, and fuel; and generally, to en-
gage in the hardware, machinery,
building material and fuel business,
| at wholesale or retail, in all the
branches thereof, and in the making,
constructing, building and manufac-
turing of hardware, machinery,
building material, and fuel as afore
said lin the State of Minnesota, and
elsewhere; to buy, own, acquire, use
and dispose of all fixtures, merchan
disc and other personal property
necessary or convenient for the trans
action of any or all of the business
as aforesaid, in any and all of the
branches thereof; and to buy, own,
lease, mortgage, transfer, convey and
otherwise deal in real estate and in
terests therein, and leases and liens
thereon, and of other personal and
mixed property, in the State of Min
nesota, and elsewhere, and to make,
enter into, perform, and carry out
contracts for building, erecting, i'm
proving, constructing, altering, re-
pairing, decorating, finishing and fur
nishing houses, buildings, warehouses,
store-rooms, edifces, works. tene-
ments, and structures of every kind
and description; to carry on in all
their respective branches the business
of builders, contractors, decorators,
and such other trades and businesses
as pertain, to or are connected with
the general business of building and
construction, and do all acts and
things usual, necessary and conven-
lent in conducting any of the bust
ness aforesaid. This corporation shall
have the power to purchase, hold and
reissue the shares of its capital stock.
III.
The principal place of transacting
the business of this corporation shall
be at the City Of ,Bemidji in the
County of Beltrami, Minnesota. -,
".
The period ST the duration of this
corporation shall be thirty years
The names and places of residence
of the incorporators are as follows:
C. w. Vandersluis, Bemidji, Min
nesota.
L. D. Vandersluis, Bemidji, Min
nesota. -
w. z. Robinson, Bemidji, Mime
| sofa.
X. E. Robinson, Bemidji, Mime
sofa.
! The control and management of
this corporation shall be vested in
board of four directors, which board
shall be elected at the annual meet
ing of the stockholders of the cor
poration, which meeting shall be held
on the fourth Tuesday in January of
each year, at 10 o'clock a. M, the
first annual meeting to be held on
the 25th day of January, 1921, at
10 o'clock a. M, on said day. The
board of directors shall have power
to elect new members to fill the
vacancies caused by the death or
resignation of any Of its members.
Until the first election, at the first
annual meeting of the stockholders of
the corporation, the board shall be
composed of the following:
C. w. Vandersluis, Bemidji, Min
nesota.
L. D. Vandersluis, Bemidji, Mime
sofa.
w. z. Robinson, .Bemidji, Mime
sofa.
X. E. Robinson, Bemidji, Mime
sofa.
All the directors shall be stockhold-
ers Of the corporation.
The officers of this corporation and
their duties shall be prescribed by
the Board of Directors, and such Off
GERS shall be elected annually at the
annual meeting of the Board of d.
rectors, which shall be held immedi-
ately upon the adjournment Of the
annual meeting of the stockholders,
or as soon thereafter as practicable.
Any two offices, except those of presi-
dent and vice-president, may be held
by the same person. The officers
and directors Of this corporation
shall hold their respective Offices until
their successors have been duly elect
ed and qualified.
VII.
The amount of the. capital stock of
this corporation shall be Fifty Thou
sand ($50,000.00) Dollars, which
shall be divided into Five Hundred
Shares of the par value of One Hun
: dred ($100.00) Dollars each. Such
stock shall be paid in with money or
property, or both, in such manner, at
such manner, at such times, and in
such amount, as may be ordered by
the Board of Directors.
o. Y a.. VIII.
The highest amount of indebted
ness or liability to which this cor
poration shall at any time be subject
shall be the sum of Fifty Thousand
| ($50,O00.00) Dollars. 49,
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