Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1924-07-17
ARTICLES OF INCORPORATION OF
THE II. c. HANSEN LUMBER
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 Of Minnesota for 1913. and any
amendments thereof, do hereby asso-
ciate ourselves as a body corporate.
and do hereby adopt the following
Certificate of Incorporation:
ARTICLE |.
The name of this corporation shall
be II. c. Hansen Lumber Company.
The general nature of its business
shall be the owning and operating OF
retail and wholesale lumber yards;
the buying and selling of building
material, wood and metal products,
fuel and such other merchandise al
may be advantageously dealt with in
retail or wholesale lumber yard.
Also to own. hold. improve, buy and
sell such real estate and personal
property as may be necessary in the
operation of lumber business. The
principal place of transacting the
business of this corporation shall be
in the village of Askov, County Of
Pine, Minnesota.
ARTICLE ii.
The time for the commencement Of
this corporation shall be July list,
1924, 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:
Fl. C. Hansen of Askov, MINI.
II. NJ. Hansen Of Askov, MINI.
John ID. Gemmill of Des Moipes. la.
ARTICLE ".
The management of this corporation
shall be vested in Board of Direc-
tors, composed of not less than three
and not more than five members.
The names and addresses of the first
Board OF Directors are III. C. Hansen,
| Askov, Minnesota, II. NJ. Hansen.
Askov, Minnesota, John ID. Gemmill,
Des Moines, Iowa. Each director
shall hold office for the term OF one
year and until his or her successor
is elected and qualities. The Board
OF Directors shall have power to fill
any vacancies arising in said Board
by death, resignation or otherwise.
and the directors elected to fll a
vacancy shall serve for the unexpired
portion OF the term of his predecessor
and until his or her successor shall
have been duly elected and qualified.
Inc hrst oificers OF this corporation
| shall be: President-treasurer. n. c.
Hansen; vice-president, John ID. Gem
mill; secretary. II. NJ. Hansen. All of
the above named officers and direc-
tors shall hold their respective offices
aforesaid until the next annual meet
ing OF the corporation to be held
January 18th, 1925. at which time
and annually thereafter, a Board Of
directors shall be elected from and
by the stockholders of this corpora
ton. The annual meeting of this cor
poration shall be held at its principaI
place OF business on the second Tues-
day in January. in each year. I'm
mediately after the election of direc-
tors, or as soon thereafter as nrac-
tfcable, the directors shall meet and
elect from their number a president
and vice-president, and from their
number or from the stockholders a
secretary and treasurer. The offices
OF president and treasurer. or ser
rotary and treasurer may be held nv
one and the same person. The direc-
TORS ana ofhcers OF this corporation
snail hold their respective offices
until their successors have been duly
elected and entered upon the dis
charge OF their duties. The frst
meetings OF the stockholders and Of
the board OF Directors shall be held
al Askov. Minnesota, on the first dav
OF August. 1924, at 10 and II O'Clock
respectively.
ARTICLE V.
The amount Of the capital STOCK
OF this corporation shall be fifty thou
sand dollars ($50,0O000), which shall
be paid in, In money or propertv or
both, in such manner at such times
and in such amounts as the Rosrd ~
Directors shall order. The cani,aI
stock shall be divided into Ave bnnSrad
ssOol shares OF the par value of
ARTICLE VI.
Inc nighest amount of Indebtedness
or liability to which this Corporation
shaii al any time be subject shall he
me sum on twenty-five thousand
Dollars ($25,000.00).
In Testimony Whereof we have
nereuhto set our hands, this 5th day
VI Sdisr AS-f.
II. c. Hansen.
II. NJ. Hansen.
John d. Gemmil.
In the Presence OF
Albert johnson.
B. S. Boiling.
State OF Mimi. County of Pines
On this 9Th day of July, 1924. ner.
sonaily appeared before me II q
Hansen. II. NJ. Hansen and John n
Gemmill. TO me known 10 be the nar.
sons named in and who executed the
foregoing Certificate Of Incorpora,ion
and each acknowledged that he eve
cuted the same as his free ar, ana
deed. for the uses and purposes there
in expressed.
(Seal) Albert Jobnso
Notary Public. Pine County Min,
My commission expires June 18Th
1895. '"e iotn'