The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-07-06
ARTICLES OF INCORPORATION
State of Minnesota, County of st
Louis S.

State Of Minnesota, County of st.
Louis, SIS.
To Mike Holm, Secretary OF State:
We, the undersigned, Fabian Maen-
paa, E. H. Starkman, 0. E. Koivunen,
Henry Filson and John Dyher propose
to form a corporation under Chapter
326 of the Statutes of Minnesota for
1928 and for the purpose of such Or
ganization we hereby state as follows:
towit:
1. The name of sucn corporation is
WHITE IRON TELEPHONE COM
PANY".
2. The purpose and general nature
of the business of the corporation shall
be to erect, equip, maintain and oper-
ate a rural telephone line from the
City of Ely, st. Louis County, Min
nesota to and thru the district known
as the White Iron District. The corp
grafton shall further do any and all
acts incidental to carrying on rural
telephone business. tt may purchase,
sell, lease or rent land, materials or
equipment required in its business and
may enter into contracts for such
lands, materials or services.
3. The principle place of transact
ing the business of this corporation
shall be Ely, Minnesota.
4. The period of the duration of
this company shall be twenty-five
years.
5. This corporation shall have no
capital stock.
6. The highest amount of indebted
ness to which, at any time, the corp
grafton shall be subject shall be $780,
90.
Z. The names and places of the in
corporators are as follows: Fabian
Maenpaa, Ely, Minnesota; E. H. Stark
man, Ely, Minnesota; o. E. Koivunen,
Ely, Minnesota; Henry Filson, Ely,
Minnesota; John Dyher, Ely, Min
nesota The above incorporators are
all and each of them acting for them
of other associations.
8. The management of this corp
grafton shall be in board OF direc-
| tors to be elected by and composed OF
members of the association.
9. The net income of this assocla-
ton, except such amounts as are re-
quired to be set aside as reserve func
or permanent surplus or may be sci
aside by vote of the members OF the
association, available for distribution
| among the members, or patrons, OF
both, as the case may be, shall be dis
| tributed only on the basis Of patron
age.
10. Each member shall be restrict
ed to one vote in the affairs of the
association.
| IL. To finance the association there
shall be an initial membership due Of
$4,000 per member to be paid in tt
the treasurer of the association before
or at the first annual meeting. Ad.
ditional dues shall be levied in the
| form of special assessments, by the
treasurer, and as directed and required
by the board of directors in the oper-
alton of the affairs of the company.
IL. The first annual meeting of the
members is to be on the last Monday
in June, 1928 and thereafter annual
meetings of the members shall be held
on the last Monday in June of each
year.
10. The fiscal year of the associa-
| ton shall be from June 18th to June
18th of each year.
FABIAN MAENPAA
E. H. STARKMAN
o. E. KOIVUNEN
HENRY FILSON
JOHN DYHER
State of Minnesota, County of st
Louis, SIS.
On this 18th day of June, 1928, be-
fore me personally appeared FABIAN
Maenpaa, E. H. Starkman, 0. E. Koiv-
unen, Henry Filson and John Dyher
to me known to be the persons des-
cribed in and who executed the fore
going instrument, and acknowledged
that they executed the same as their
| free act and deed.
- LUTHER M. BANG,
Notary Public, st. Louis County
Minnesota. My commission expires
December 81, 1888
The foregoing articles of Incorpora-
| ton examined and approved as to
form and legality this Is day of June
1923.
G. A. Youngquist, Chas. E. Phillips,
Attorney Gen. Asst. Atty. Gen