Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-04-12
ARTICLES OF INCORPORATION OF
THE BRUNO FARMERS FEED ASSO-
CITATION, BRUNO, MINNESOTA

Know all men by these presents:
That the undersigned adult residents
make. sign and agree to the following
Articles of Incorporation:
ARTICLE 1.
The undersigned have associated ana
associate themselves together for the
purpose of forming a corporation under
Chapter So. Revised Laws of Minnesota
for 1905, and the several acts amenda-
tory thereof and supplemental thereto.
Business.
The business of said corporation
shall be for the purpose of conducting
any agricultural. dairy. mercantile.
manufacturing or mechanical business
on the cooperative plan. and the corpor-
alton may own such real estate and
personal property as may be necessary
to conduct such BUSINESS =. successfully.
The name of said corporation shall
be Bruno Farmers Feed Association.
and it's location and general place of
County of Pine and state of Minnesota.
and branch Offices and departments
may be conducted in other localities
when desired. ARTICLE
The period of duration of this cor
ARTICLE 4.
The names of persons forming this
corporation are ]. H. Hill. +. j. Roden-
Frank Olson. Bert Declares. Hiram
Walsh. Charlie Jackson. William Ia,
residing in the County of Pine and the
State of Minnesota.
Sec. L. The capital stock OF this cor
poration shall be Five Thousand Dollars
(5.OOO.OO) divided into Five Hundred
5000 shares of Ten Dollars $4,000
each, shall be worcestershire and shall
be paid in at such times and in such
amounts as the board of directors may
determine.
Sec. 2. No person shall receive or
be entitled to receive any dividend on
No person shall be entitled to more
than 1 vote at any regular or special
meeting or elections of this corporation.
ARTICLE 6.
Sec. 1. The officers of said corpor-
alton shall consist of directors. from
whom shall be elected president a
vice-president. secretary and treas
urer. A majority of the directors
shall constitute a quorum for the tran
saction of all business at the meeting
of the directors.
at the regular annual election or meet
ing of the stockholders. and shall hold
office until their successors have been
duly elected and have qualified. The
shall take place at Bruno Mimi. on the
last Thursday of March, 1929, and on
the corresponding day of each succeed
ing year. Until the first annual meet
duly elected and have qualified. j. H.
Hill shall be president. E. j. Roden-
berger. vice-president, Earl Howey. sec
and Henry Brandt.
Frank Olson. Bert DeMares, Hiram
Walsh. Charlie Jackson. William Tabery.
Ed Wallner and r. H. Budd who with
the above named officers shall consti-
tute the board Of directors of this cor
poration. The period of the fiscal
year of the association shall be from
January 1st to and including Dec. S1st.
ARTICLE z.
The highest amount of Indebtedness
or liabilities to which this corporation
shall at any time be subject shall not
ital and permanent surplus.
ARTICLE 8.
No shares of stock of this association
may be issued, sold or transferred to
any person or company without the
of the Board of Directors.
In witness whereof we have here
unto set our hands and seals this End
day of April. A. D. 1928.