The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1921-03-10
ARTICLES OF INCORPORATION OF
TIE 1rATsoV-R1TcH1E 1uMBEz
COMPANY,

Know AL Men BY These Presents: That
the undersigned do hereby associate our
selves for the purpose of forming cor
poration under and pursuant to Chap
ter 49, General Statutes 1913, and acts
iamendatory thereof and Supplementary.
thereto, and to that end do hereby adop'
and subscribe to the following articles
i Article 1. The name of this corpora
ton shall be Matson-Ritchie Lumber
Company, and the names Of the incor
porators and their addresses are: NJ. l.
Matson, .Bemidji, Minnesota; A: p
Matson Bemidji. Minnesota.
Article IL. The purpose for which
this corporation was established and the
general nature of it's business shall be
manufacturing. purchasing and selling
or otherwise acquiring and disposing OF
lumber, building material. fuel, mer
chandise, real estate and personal prop
erty of every kind, nature and discrip
| ton.
Article III. The principal place 70,
the transaction Of business of this cor
poration shall be in the City Of Bemdji
Beltrami County, and State of Mime.
sofa.
Article w. The time for the com.
March 18th. 1921, and the period of its
Article v. The amount of the CAPT
tai stock Of this corporation shall be
@OO,OUV.UV, ulVIueO INTO IVc nunOrCC
shares of the par value Of one hundred
dollars each, and the same shall be pa:d
in. in money, property or otherwise in
such manner and at such times and in
such amounts as the Board Of Directors
OF said corporation shall prescribe.
Article vi. The highest amount of
Indebtedness or liability to which this
corporation shall be subject. at any
time, shall be the sum equal to twice
the amount of the then paid in stock of
Article VII: The management of this
corporation shall be vested in Board
OF Directors, composed of three stock
holders of this corporation, who shall be
elected annually by the stockholders.
from among their number at their an
nual meeting.
The annual meeting Of the stockhold-
ers Of this corporation shall be held at
the principal office of the corporation.
on the first Monday after the first day
of January of each year.
The first annual meeting of the stock
holders of this corporation shall be held
at the principal office Of said corpora
ton on the first Monday after the first
day Of January, 1922, at p. m.
The officers of this corporation shall
be President, Vice-President, Secretary
and Treasurer.
Immediately after the annual meet
ing. or as soon thereafter as convenient,
the Directors shall hold q meeting and
shall elect, from among their members
the officers of this corporation. No two
offices except that Of secretory and
treasurer may be held by :he same per-
son.
The following named persons shall
compose the first Board of directors OF
said corporation: NJ. l.. Matson, Bemidii,
Minnesota; y. P. Richie, Bemidji, Min
nesota; V. NJ. Matson. Bemidji, Minne-
sofa. and the first officers of said cor
poration shall be NJ L. Matson, Presi-
dent; v. NJ, MatSOn. Vice. President and
y. p. Richie. Secretary and Treasurer.
In Testimony Whereof. We have here
unto set our hands and seals this 1st
day of March, 1921.
NJ. L. MATSON (SeaD
v. NJ. MATSON (SeaD
a. +. RITCHIE (SeaD
Signed. sealed and acknowledged
in presence of
CATHERINE MERRYMAN
C. w. CAMPBELL