Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1923-09-13
ARTICLES OF INCORPORATION OF
THE ASKOy TELEPHONE
COMPANY

We. the undersigned. for the pur-
pose OF forming a corporation under
and pursuant to the provisions OF
Chapter fifty-eight (5S). General Sta
tutes 1913. and laws amendatory
thereof and supplementary thereto,
do hereby associate ourselves togeth-
err as a body corporate. and adopt the
following Certificate OF Incorporation:
ARTICLE /.
The name OF this corporation shall
be Askov Telephone Company. The
general nature of its business shall
be 10 furnish telephone service to the
people OF Askov and vicinity. also
connecting towns of two thousand
(2,000) Inhabitants or less. The
principal place of %transacting the
business Of this corporation shall be
In the village Of Askov. County of
Pine. State OF Minnesota.
ARTICLE ii.
The time for the commencement of
this corporation shall be Sept. 10th,
1923. and the period OF its duration
shall be thirty years.
ARTICLE III.
The names and places OF residence
OF the persons forming this corpora
tion are:
Svend Petersen, Askov. MINI.
Mrs. Doris DeYoung. Askov. MINI.
A. NJ. DeYoung. Askov. MINI.
ARTICLE Nv.
The management OF this corpora
ton shall be vested in a Board OF Di-
rectors, composed of not less than
three and not more than seven men,
bers. The James and addresses of
the FIRST Board Of Directors are:
Svend Petersen, Askov, MINI.
Mrs, Doris DeYoung. Askov. MINI.
A. NJ. DeYoung, Askov. MINI.
The first officers OF this corporation
shall be: President. A. NJ. DeYoung:
Vice-president, Svend Petersen: Sec
rotary, Mrs. Doris DeYoung: and
Treasurer. Mrs. Doris DeYoung. All
Of the above named officers and d.
rectors shall hold their respective Of
fees aforesaid until the first annual
meeting OF the corporation q be held
January Sth. 1894. at which time and
annually thereafter. a Board OF Di-
rectors shall be elected from and by
the stockholders OF this corporation.
The annual meeting OF this corpora
ton shall be held ut its principal
place OF business on the Second Tues
day in January in each year. Imme-
diately after the election of directors,
or as soon thereafter as practicable.
the directors shall meet and elect
from their number a president and a
vic~e-president. and from their num-
Der or from the stockholders a secre-
tary and n treasurer. ANY office ex-
cept that Of president and yice-presi-
dent may be held by n person. The
directors and officers of this corpora
ton shall hold their respective Of
ices until their successors have been
duly elected and entered upon the
discharge OF their duties. The first
meeting OF the stockholders and of
the Board OF Directors shall be held
at Askov. MINI, on the eighth day
OF January, 1924, at 10 and IL o'clock.
respectively,
ARTICLE v.
The amount OF the capital stock OF
this corporation shall be Twenty-Five
Thousand Dollars (ss5.000.0 0). which
shall be paid in. In money or proper
~. or both, in such manner. az such
times and in such amounts as the
Board Of Directors shall order. The
capital stock shall be divided into
Five Hundred (50o) shares Of the
par value Of $4,000 each.
ARTICLE W..
The highest AMOUNT OF Indebtedness
or liability 10 which this corporation
shall at IN time be subject shall not
be more than hfty per cent Of its paid
In capital,
In Testimony Whereof, We have
hereunto set our hands and seals this
9TH day OF Sept 1898.
A. NJ. DeYoung. (Seal).
Doris DeSoung. (Seal).
Syend Petersen. (Seal).
In the Presence OF
II, Petersen.
Edw. Morrell.