The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1922-11-16

incorporation
The Tote
Company
For the purpose of forming and be-
ing corporation under and by. virtue
Of Chapter So of the Revised Laws
Of Minnesota for: the year 1905, and
all acts alnendatory thereof, the UNDER
signed do hereby declare that they do
hereby associate to gether and agree
upon the following certificate Of incor
The name Of this corporation shall
be "TTIE TOFTE COMPANY and it's
principal place of business shall be
Tofte, Minnesota.
The general nature Of the business
of this corporation shall be the buying,
selling and dealing in real estate and
personal .so property and building Of cot
ing and selling of merchandise at re-
tail or wholesale; operation of hotels;
operation of fisheries, canneries, devel-
loaning of money and all things Incl
dental thereto in carrying out the pur-
poses of the corporation
ARTICLE II.
The period Of the duration of this
corporation shall be thirty (30) years
ARTICLE III.
The names and residence of the in
corporators are; Theodore o. Furlund,
Minnesota. and H. o. Engelsen, resid-
ing at Tofte, Minnesota.
ARTICLE Nv.
government this
and the mana cement of it's affairs shall
be vested in a board of five directors
and the following officers, to be chosen
by the board of directors from among
the stockholders of said corporation, to-
wit: President, vice-president, secrc-
fees may be held by the same person
with the exception of the Offices of
president and vice-president.
The directors shall be elected by the
stockholders by ballot, each stakeholder
being entitled to cast, many ballots
as he has shares of stock, annually on
the first Tuesday after the first Monday
the life of this corpora ton, beginning
with the year 1928. Said officers and
| directors shall each hold office for one
year from the first Tuesday after the
first Monday in June Of each year, and
until their successors shall be elected
| and qualified, provided, however, that
until said officers are elected the fol-
! first board of directors: Theodore O.
Furlund, H. 0. Engelsen, j. NJ. sun
| deem, Lillian Quinn and Frances Carl
son, and until said election the follow
| und, President; H. o. Engelson, Vice
presidents; J. NJ; sundeen. Secretary
shall have full power to adopt ali rules
| and regulations and pass bylaws de-
timing the duties Of officers Of said cor
poration, and the salaries Of all officer:
| shall he fixed Ivy the board Of directors
at any meeting thereof.
| ARTICLE V.
The number Of shares Of capital
thousand Qo.NoO) shares, and the pal.
! value Of each share shall he the sum
of ten dollars (sl0 :NW: the stock OF
said corporation shall i've paid for eth
the board Of directors shall determine.
and said stock shall be subscribed for
| at such times and in such amounts as
may he prescribed by said board Of di-
| rectors.
| ARTICLE vi.
me highest amount. of indebtedness
or 1iahilitE to which said corporation
one hundred thousand dollars (S1O0,-
| 00n 00).
| ARTICLE VII.
| Said corporation may commence doing
business upon the publication Of its ar
ticles Of incorporation.
| IN WITNESS WHEREOF, We have
here'1nto set our hands and seals this
| TT1EODORE o. Fl7RI.TND (SeaD
| j. NJ. SUNDEEN (SeaD
LILLIAN QUINN (SeaD
| II. O. ENGELSlIN (SeaD
! FRANCES CARLSON (SeaD
Signed, Sealed and Delivered
| in Presence of:
| Raymond Ziesr1er.
! Harvey Hoshour.
STATE OF MINNESOTA,
! County Of st. Louis-ss.
/ fore me, Notary Public within and
for said county, personally appeared
Theodore 0. Furlund, II. O. Engelsen,
J. NJ. Sundeen, Lillian Quinn and Fran
ces Carlson, to me known to he the
persons described in and who executed
the foregoing certificate Of incorpora-
ton and they seyeral1y acknowledged
that they executed the same as their
RAYMOND z1EsMER,
Raymond Ziesmer,
Notary Public. St. Louis County, Mimi.
Ny Commission Expires Aug. %, 1927
| (Notarial Seal, st. Louis County, Mnn)
STATE OF MINNESOTA
Department of State.
hereby certify that the within in
strument was filed for record in this
office on the 10th day of Oct, A. d.
recorded in Book M of Interpretations
| On page GAP.
| MIKE HOLM,
! Secretary of State
1915
OFFICE OF REGISTER OF DEEDS.
| STATE OF MINNESOTA,
County of Cook-ss.
I hereby certify that the within in.
strument was filed in this office fol
record Oct. 10, 1922, at $3.50 p. M, and
was duly recorded in Book OF Misc.
page 900.
A. V. JOHNSON,
Register of Deeds.
Nov. 90.
CITATION FOR HEARING ON PETI-