The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-04-15
OF INCORPORATION.

ARTICLES OF INCORPORATION.
We, the undersigned, residents of
Beltrami county, State of Minnesota,
do hereby associate ourselves togeth-
er for the purpose Of becoming incor-
porated as a cooperative association
under the provisions of Chapter Three
Hundred and Eighty-Two 1887, of
the Revised Laws of Minnesota, 1919,
all the acts amendatory thereof and
supplementary thereto, and to that
end we do hereby adopt and sign the
following Articles of Incorporation.
Article l. Name and Nature of
Business.-The name of this. asso-
citation shall be, Hines Produce Asso-
citation.
The general nature of it's business
shall be to conduct an agricultural,
mercantile and manufacturing enter
prise upon the cooperative plan. It
shall have the power to buy and sell
its own products, or those of it's men,
bers or of other cooperative associa-
tons, as it, or it's members, or other
cooperative associations, may deter
mine, either Individually or collective
" as the case may be. It shall also
for the above purpose have power
to purchase, and hold, lease, mort
gage ,encumber, 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 sub
scribe for and invest all or any part
of it's special reserve hereinafter pro-
vided 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 &C.
complish the effects and purposes
herein stated.
Article II. Place of Business
The principal place of transacting
business of this corporation shall be
in the Town of Hines, County Of
Beltrami, Minnesota.
Article Ill. Period Of Commence
ment and Duration.-The time of
commencing business for this corpora
ton shall be May 1, 1920, and the
period for it's duration shall be thirty
years.
Article Nv. Names and Residences
of Incorporators.-The names and
places of residence of the persons
forming this corporation are:
E.. E. Schulke, of Tenstrike, Mimi.
Gottlieb Hofer, of Tenstrike, Mimi.
J. F. Johnston, Of Hines, MINI.
Otto Niemeyer, of Hines, Mimi.
Knute H. Strand, of Tenstrike,
MINI.
A. B. Page, of Hines, Mimi.
Joseph Hampl, of Tenstrike, Mimi.
Aug. Seaderberg, of Hines, Mimi.
VIM. Hines, of Hines, MINI.
Article V. Management. - The
management Of this corporation shall
be vested in a board of directors
composed of nine members: The
names and places of residence OF
the first board of directors, who shall
serve until the first election as here
matter respectively set forth, to-wit :
E. E. Schulke, of Tenstrike, MINI.
Gottlieb Hofer, of Tenstrike, MINI.
]. F. Johnston, of Hines, Mimi.
Otto Niemeyer, of Hines, Mimi.
Knute H. Strand, Of Tenstrike,
MINI.
A. B. Page, of Hines, MINI.
Joseph Hampl, of Tenstrike, Mimi.
Aug. Seaderberg, of Hines, MINI.
VIM. Hines, Of Hines, Mimi.
Officers Of this corporation shall
be q 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 second Saturday
of June.
Article vi. Capital Stock.-The
amount of capital stock of this cor
poration shall be eight thousand dol
lars ($S, 100000, 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 direc-
tors shall order. The capital stock
shall be divided into eight hundred
5000 shares of the par value of ten
dollars ($1O.00) each.
Article VII. Indebtedness. 49, The
amount of Indebtedness that may be
. incurred by or in behalf of this as
ISOLATION shall at no time exceed ten
thousand dollars ($1O,000.O0).,
/ Article VIII. These articles may
be amended in the manner provided
by law.
In testimony whereof we have