The Tomahawk., 1921-09-15
ARTICLES oE INCORPORATION
lie OF
SNEllMAN FARMERS COOPERATIVE MER.
CAMILLE ASSOCIATION.

SEEllMAH FARMERS COOPERATIVE MER.
CAMILLE ASSOCIATION.
The undersigned do hereby asso-
ciate themselves together for the
purpose of forming an Association
on the cooperative plan, pursuant
to the provisions of Chapter 1892 of the
General Laws of the State of Mime
sofa for the year 1919, and any acts
amendatory thereof or supplement-
al thereto. and do hereby adopt the
following Articles of incorporation:
Article 1.
The name of this association shall
be Snellman Farmers Cooperative
Mercantile Association. The gen
eral nature of the business to be
carried on by said association shall
be to buy, sell and generally deal in
goods. wares, merchandise and farm
produce and~othcr personal property
of every kind and description, and to
engage in, conduct and carry on a
wholesale and retail mercantile bust
ness.
The principal place of trapsacting
the business of this association shall
be Snellman, Becker County, Mime
sofa.
Article 2.
The period of duration for which
this association is formed shall be
thirty (3O) years from and after the
filing for record of these articles.
Article 3.
The names and places of resi-
dence of the incorporates hereof
are as follows:
Waino Hendrickson, residing at
Route l, Usage. MINI.
David Kivinen, residing at
Route ], Usage, MINI.
Henry Toivonen, residing at
Route 1, Usage, MINI.
John Pavola, residing at Route
4, FraZee, MIMI.
Abraham Penttien, residing at
Route 1, Usage, MINI.
Victor johnson, residing at
Route l, Usage, MINI.
: Ike Yliniemi, residing at Route
/, Usage: MINI. -.
Mike Heinonen, residing at
Route l, Usage, Mimi.
Wester Harvala, residing at :
Route /, Osage Mimi.
Article 4.
The management of the affairs of
the association shall be vested in a
board of nine directors; said directors
to be chosen and elected annually by
the stockholders thereof at the an.
nual meeting to be held on the Sec
Ond Monday in January of each year,
and they shall hold their offices until
their successors have been duly elect
ed and qualified; the officers OF said
association shall be a president, a
vice-president, a secretary. and a
treasurer, who shall be elected an.
nually by the directors and such
officers shall be and constitute men,
bers of said board of directors and
shall hold their offices until their
successors have been duly elected
and qualified; until such annual
meeting the following named persons
shall constitute the officers of said
association:
Waino Hendrickson. President.
Victor Johnson. .Vice-President.
Henry TOlyOnen. so. 80. Secretary.
WeSter HafVala. treasurer
And until such annual meeting:
the following named persons residing
at the respective places named shall
constitute the first Board Of Direct
Ors, tO-wit: = ~.
Waino Hendrickson, residing at
Route /, Usage, Mimi.
David kivinen, residing at Route !,
Usage, Mimi. H. |
Henry Toivonen, residing at Route
1. Usage, MINI. - - y t
John Pavola, residing at Route 4,
Frazee, Mimi.
Abraham Penttinen, residing at
Route l, Usage. MINI.
Victor Johnson, residing at Route
l, Usage; MINI.
Ike Yinieni, residing at Route l.,
Usage, Mimi. i
Mike Heinonen, residing at Route l,
: Usage, MINI. ..m = go:
Wester Harvala, residing at Route l,
Usage, Mimi.
Article 5. |
The amount of capital stock of
this association shall be Five Thous-
and Dollars ($5OOO.O0), divided into
five hundred $500 shares, each share
to be of the par value of Ten Dollars
$4,000, and each share Of stock to
be paid for in cash before the issuance
of the certificate thereof, and no
stOekhplder shall be entitled 10 more
than. one vote and no. estockhplder
shall be allowed to vote by proxy.
= :. r II Il. Article g, L. -.
The highest amount Of indebtedness
of this association shall be Five
Thousand Dollars ($SO0O.0 0). -. ~
XII Article I. -. Il
Said Articles of incorporation may
be amended from time to time as
nv the nrOyiSiOnS of said law
under which said association is in
corporated.
Article 6. 49,.
This association being operated
On cooperative plan, shall comply
with the laws of this state relating to
such associations and the Board of
Directors shall make bylaws not
with the laws of this