The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1921-01-13

alton shall be to own and operate an
electric light and power plant, at Grand
Marais, Minnesota. and to sell electric
current and electric fixtures and sup
plies Of every nature and description
and to do such things as may be acc
essary, convenient or incidental there
to.
the business Of this corporation shall
be the Village Of Grand Marais, Cook
County, State of Minnesota
Nv.
The time for the commencement of
this corporation shall be- November
22nd. 1920, and the period Of it's siura-
ton shall be thirty years.
The names and residences of the per-
sons forming this corporation are
and Thorwald Hansen, all of Duluth.
Minnesota.
The mana cement Of this corporation
shall be vested in Board of Directors.
composed of not less than three or
more than seven members. The names
and addresses of the first Board of
Directors are Charles V. Mccoy. Ke-
gina ErsDamer and Thorwald Hansen,
all Of Duluth. Minnesota. The first
officers Of this corporation shall be
Charles V. Mccoy. President; Regina
Erspamer, Vice-President. and Thor
valid Hansen. Secretary and Treasurer.
All the above named officers shall hold
their respective offices aforesaid until
the next annual meeting of the cor
poration, to be held on the goth day of
| November, 1921, at which time and an
nually thereafter Board of Directors
shall be elected from and by the stock
! holders of this corporation.
VII.
The annual meeting of this corpor-
| alton shall be held at it's principal
place of business on the Goth day of
| November of each year. or the day pre-
ceding if that day be on Sunday. I'M
| mediately after the election of the :di-
| rectors, or as soon thereafter as prac-
ticable. the directors shall meet and
| elect from their number or from the
stockholders Secretary and Treasurer.
Any two offices, except those of Pres
| ident and Vice-President, may. be held
| by one person. The directors and off,
| GERS Of this corporation shall hold their
! respective offices until their successors
/ have been duly elected and entered up
| on the discharge Of their duties. The
| Board of Directors shall be held at
| Grand Marais, Minnesota. on the LIST
! day of December, 1920, at 7:3u o'clock
| p. NJ and $3.50 o'clock p. NJ. respec-
| lively.
I
| The amount of the capital stock of
! this corpora ton shall he. Twenty five
| Thousand Dollars 25,0O0.GO), which
| shall be paid in in money or property,
| or both, in such manner, at such times
| and in such amounts as the Board or
| Directors shall order. The capital
stock shall be divided into hve pun
J dred shares Of the par value of. Fifty
| Dollars (s50.Ou) each. The highest
amount of Indebtedness or liability 70
| which this corporation shall at any
| time be subject shall be the sum OF
Twenty Thousand Dollars $780,
| O0O.N0.)
! IN TESTIMONY WHEREOF, We AVE
| hereunto set our hands and seals THIS
| goth day Of November, 1920.
! CHAS. " MCCOY.
REGINA ERSPAMER,
THORWALD HANSEN.
In Presence Of:
| THOS. J. MckEON.
| HULDA CLAUS.
STATE OF MINNESOTA, COUNTY OF
! ST. LOUIS,-ss.
On this Goth day Of November. 1929
| before me, a Notary Public within am e
I for said County and State, personally
appeared Charles ". Mccoy, Reslns
i Erspamer, and rhorwald Hansen; , 20 ' IL
and who executed the foregoing instru
ment and acknowledged that they ex
ecuted the same as their free act ant
4 deed. =. 1-,o,1: +.
: Notary Public St. Louis County, MINI
(Notarial seal) My Commission Elk
Il pires- - -
II CERTIFICATE ON INCoRPORATIol
d OF GRANT. .MARAIs LIGHT AMI
:: STATE OF. MINNESOTA, DEPART
MENT OF STATE: - E..1 -: :,
I hereby certify that the within in
| strument was filed for record in thi
office on theF22 End day OF November, "A
IL d. $780, at 9 O'Clock IA. M and was dIl
ly recorded inS Book La of 1ncorpora
tions, on page %. .14 Is= VI III
- :. JULIUS "A. .SCHMAHL, I
~ : - @z.;s.z[z.. Secretary of State.
4 OFFICE OF REGISTER OF DEEDS,
= STATE OF MINNESOTA. COUNTY <SOI
q aCOOK-ss. III OFF, 1sE% T:2r~ i D.. +,
i T hereby certify that the. within iii
4 strumenf was filed In my office for rec
ord January 1920. at 10 A.. n. an.