Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1923-03-08

To do all and everything necessary.
suitable and proper for the accomp-
lishment OF any OF The purposes, or the
attaining Of any OF the objects. or the
furtherance of any of the powers here
in set forth; and TO do every other
act or acts. thing or things incidental
or appurtenant TO. or growing out OF.
or connected with. the aforesaid bust
ness. or powers. or any part or parts
thereof. provided the same be not in
consistent with the laws under which
this corporation is organized.
The principal place OF transacting
the business of this corporation shall
be at Sandstone. County OF Pine, Min
nesota.
ARTICLE II.
The time for the commencement OF
this corporation shall be March sth,
1923. and the period OF its duration
shall be thirty (3O) years.
ARTICLE III.
The names and places of RESIDENCE
ton are: Ethel Klein of Sandstone
Minnesota; Arthur A. Figen OF Duluth.
Minnesota; and Max NJ. Yaeger of Min
neapolis. Minnesota.
The management of this corporation
shall be vested In a Board of Directors,
composed OF not less than three CD or
more than five go members. The
of Directors are; Max NJ. Yaeger of
Minneapolis. Minnesota; Ethel Klein OF
sandstone, Minnesota; and Arthur A.
Figen OF Duluth, Minnesota.
The first officers of this corporation
shall be; President and Treasurer,
Ethel Klein; Vice President, Arthur A.
Ffgen; secretary. Max NJ. Yaeger.
All of the above named officers and
directors shall hold their respective Of
fices until the next annual meeting OF
the corporation TO be held on the sth
day OF January. 1924. at which time.
and annually thereafter. a Board of
Directors shall be elected from and by
the stockholders OF this corporation.
The annual meeting of this corpora
ton shall be held at it's principal place
OF business on the second Tuesday in
january of each year. Immediately af-
ter the election of directors, or as soon
thereafter as practicable. the directors
shall meet and elect from their number
or from the stockholders, Secretary
and Treasurer. Any two offices, ex-
cept those of President and Vice-PTesi-
dent, may be held by one person. The
ton shall hold their respective offices
until their SUCCESSORS have been duly
elected, and have entered upon their
respective duties. The first meeting of
the Board of Directors, and of the
stockholders. shah he held at Sandstone,
Minnesota, on the Sth day of March
1923 at ten o'clock respectively.
The amount of the capital stock Of
this corporation shall be Fifty Thou
sand Dollars Cs50.0O0.0O). which shall
be paid In In money or property. or
both. IN such manner. at such times,
and In such amounts as the Board OF
Directors shall order. The CAPITAL
stock shall be divided into Ave hundred
5000 shares of the par value OF one
Hundred Dollars (St00.00) per share.
ARTICLE vi.
The highest amount OF Indebtedness
or liability TO which this corporation
shall at any time subject itself to shall
be Fifty Thousand Dollars ESQ. 900 .OOl
In Testimony whereof, we have here
unto set our hands and seals this asth
day OF February, 1929
ETHEL KLEIN (Seal).
ARTHUR A. FIGEN (SeaD.
MAX NJ. YAEGER (SeaD
Signed. sealed and delivered in the
presence of:
]. l.. Johnson.
John o. Loeffler.