The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-09-17
MINNEAPOLIS GRAIN MARKET.
ARTICLES OF INCORPORATION.

ARTICLES OF INCORPORATION.
We, the undersigned, residents of
Puposky, Beltrami county, State OF
Minnesota, do hereby associate our
selves together for the purpose of be-
coming incorporated as cooperative
association under the provisions of
Chapter Three Hundred and Eighty
two 1922 of the Revised Laws of
Minnesota, 1919, all the acts amends
tory thereof and supplementary there
to, and to that end we do hereby
adopt and sign the following articles
of incorporation:
ARTICLE I.
Name and Nature of Business.)
The name of this association shall
be Puposky Potato Association.
The general nature Of its business
shall be to conduct an agricultural,
mercantile and manufacturing enter
prise upon the cooperative plan. 1t
shall have the power to buy and sell
it's own products, or those of its
members or Of other cooperative as
sociations, as it, or-its members, or
other cooperative associations, may
determine, either Individually or col
lectively as the case may be. It shall
also for the above purpose have
power to purchase, and hold, lease;
mortgage, cucumber, sell, exchange
and convey such real estate, buildings
and personal property as the business
of the association may require, and
to erect buildings upon its own lands
or leased grounds.
This corporation shall, also, have
power to affiliate with, and to- CO.
operate with, by membership or other
wise, any other association having a
like cooperative purpose; to SUBJ
scribe for and invest all or any part
of it's funds in the capital stock of
any other cooperative association.
1t shall have power to do anything
and everything, not inconsistent with
law, which is necessary or desirable
to accomplish the effects and purposes
herein stated. .,..
ARTICLE II.
(Place of Business.). :.
The principal place Of transacting
business of this corporation shall be
at Puposky, County Of Beltrami, Min
nesota.
ARTICLE III.
period of Commencement and
Duration.)
The time of commencing business
for this corporation shall be Septem-
Der IS, 1920, and the period for its
duration shall be thirty years.
ARTICLE Nv.
Capital Stock.)
Names and Residences of lncor-
porators.)
The names and places of residence
of the persons forming this corpora
ton are:
Chas. Cramer, of Puposky, MINI.
Joe Auchter, of Puposky, MINI.
C. w. Clark, of Puposky, MINI.
Chas. Durand, of Puposky, MINI.
Chas. Coffin, Of Puposky, MINI.
Emil Gustafson, of Puposky, MINI.
M. Christensen. of Puposky, MINI.
ARTICLE V. =.
(Management.)
The management of this corpora
ton shall be vested in board OF
directors of......-..-..-m embers.
The names and places of residence
of the first board Of directors, who
shall serve until the first election,
are:
Chas: Cramer, of Puposky, Mimi.
Joe Auchter, of Puposky, MINI.
C. w. Clark, of Puposky, MINI.
Chas. Durand, of Puposky, MINI.
Chas. Coffin, Of Puposky, MINI.
Officers of this corporation shall
be a president, vice president and
secretary-treasurer, elected annually
by and from the board Of directors.
The annual meeting shall be held
in each year on the third Saturday OF
June. 49,.
ARTICLE vi.
The amount of capital stock of this
corporation shall be Two Thousand
Dollars ($2,000.00), which shall be
paid in money or in property or both,
in such manner, at such times, and
in such amounts as the board of d.
rectors shall order. The capital stock
shall be divided into eighty shares OF
the par value of $500 each.
ARTICLE VII.
(Indebtedness.)
The amount of Indebtedness that
may be incurred by or in behalf OF
| this association shall at no time ex-
coed 100000.
ARTICLE VIII.
These articles may be amended in
the manner provided by law.
In testimony whereof, we have
hereunto set our hands, this 18th
day Of September, 1920.
| C.. w. CLARK.