The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1921-04-21
AnrIoLEs OF INCORPORATION
OF
BElGIDJI HOME BUILDING
COMPANY,

Know All Men BY These Presents
That we. the undersigned. incorporators.
for the purpose of becoming body
corporate for the purpose OF carrying
on the business hereinafter stated, un-
der and in accordance with the Laws of
the State of Minnesota, to.wit: AS set
forth in Chapter IS of the 1913 General
Statutes of Minnesota. and the several
Acts OF Legislature amendatory thereof
do hereby associate ourselves together
under the name hereinafter. assumed
and organize by signing and adopting
the following Articles of Incorporation.
Article J.
The name of this corporation shall be
Bemidii Home Building Company.
~" ..s ss- Article II.
The general nature of the business to
be carried on by said corporation shall
be u genera. construction and contract
ing business. and the construction, and
sos and oher Of and sie
buying. selling. leasing or otherwise ac-
curing and holding real estate and per-
sonal property, together with the right
to deal in lands and lots generally, and
the right to borrow money and to
pledge the holding of the corporation
as security for such loans. and to do all
acts necessary for or incidental to car
ed. :" - = = : - : ~.
'".t Article III. -. s,,
The principal place of business of
SAID corporation shall be in the City
Of Bemidii. County Of Beltrami, and
may establish branch offices CIR places
of business at such other place or places
within or without the United States. as
the Board of Directors may from time
to time determine. a.. .@a.... :. .s-aH
Article w. -
The time of commencement of this
corporation shall be the fifteenth day
of April, 1921. and it shall continue for
a period of thirty 600 years. with full
rights of renewal. as provided by law.
Article ".
The capital stock of said corporation
shall be the sum Of Fifty thousand
hundred $500 shares Of the par value
of One Hundred ($1O0.09) Dollars each.
which said capital stock shall be sub
scribed for, called for or paid in in such
cash or in property. as the Board of
|DirectorS of said corporation shall
deem eXpedient.
u.s. Article VI.
The highest. anJount Of Indebtedness
or liability to which said corpora ton
the sum of Ond Hundred Thousand
(s1Oo. oOO.0o) Dollars.
Article VII.
The names and places of residence of
the persons forming this corporation,
are as follows:
NJ. l.. Matson,
A. 3. Amadon,
all residing in the City of Bemidji, Coun-
ty of Beltrami, and State of Minnesota
Article VIII.
The government of said corporation
and the management of it's affairs shall
be vested in a Board of three t3) Direct
ors, who shall be elected annually from
the holders of the capital stock Of said
corporation. at the, annual meeting
thereof. =,
The officers Of said corporation shall
be a President, president. Secretary
and Treasurer. and such other officers
as the Board of Directors shall from
time to time deem necessary. Any two
of said offices. except that Of President
and Vice-president may be held by the
same person, as the Board of Directors
may determine.
The said officers of said corporation,
shall be elected at the first meeting OF
the Directors of said corporation to be
held Immediately following the annual
| meeting of the stockholders or said cor
poration.
The annual meeting of the stock