The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-09-23
ARTICLE OF INCORPORATION.


We, the undersigned, residents of
Beltrami County, State of Minnesota,
do hereby associate; ourselves to-
gether for the purpose of becoming
incorporated as a cooperative asso-
citation under the provisions of
Chapter Three Hundred and Eighty
two 1882 of the Revised Laws of
Minnesota, 1919, all the acts amenda-
tory 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 association shall
be- Turtle River Shipping Associa-
ton. !. IT..
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 its
members or Of other cooperative
associations, as it, or its members,
or other cooperative associations,
may determine, either individually or
collectively as the case may b. 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 9th
erwise, any other association having
a like cooperative purpose; to sub
scribe for and invest all or any part
of its funds in the Capital Stock of
any other cooperative association.
It shall have power to do anything
and everything, not inconsistent with
law, which is necessary or desirable
t accomplish the effects and pur-
poses herein stated.
ARTICLE II.
(Place of business.l
The principal place of transacting
business of this corporation shall be
at Turtle River, County Of Beltrami,
Minnesota.
ARTICLE III.
/ (Period of Commencement and
Duration.) 81.
I The time of commencing business
for this corporation shall be Sep
TENDER IS, 1920, and the period for
it's duration shall be thirty years.
ARTICLE Nv.
(Names and Residences of Incor-
porators.) ".1
The names and places of residence
of the persons forming this cor
poration are:
Chas. Blakeley, of Turtle River,
MINI.
W. T. Blakeley, of Turtle River,
MINI.
Frank Rohrer, Of Turtle River,
MINI.
G. J. Goodmanson.
Henry Sander.
Robt. Rodspinner.
Sever Slinde.
ri a:> ARTICLE v. ~
(Management.) r. =,
The management Of this corpora
ton shall be- vested in q board of
directors. of seven members. The
names and places Of residence Of the
first board of directors, who shall
serve until the first election, are:
Chas. Blakeley, Of Turtle River.
w. T. Blakeley.
Frank Rohrer, of Turtle River,
MINI.
G. J. Goodmanson, of Turtle River,
MINI.
Henry Sander, of Turtle River,
Robert Radspinner, of Turtle Riv-
er, MINI.
Sever Slinde, of Turtle River,
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.
ARTICLE vi.
(Capital Stock.)
The amount of capital stock of this
corporation shall be- $1,000.00, which
shall be paid in money or in prop
erCy OF DOCn, III SUCH manner, az SUCH
times, and in such amounts as the
board of directors shall order. The
capital stock shall be divided into
100 shares of the par value of $1,000
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. s. BLAKELEY.
] III