Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-04-05
ARTICLES OF INCORPORATION OF
THE BRUNO FARMERS FEED ASSO-
CIATION, BRUNO, MINNESOTA

Know all men by these presents:
That the undersigned adult residents
of the State of Minnesota do hereby
make, sign and agree to the following
Articles of Incorporation:
ARTICLE l.
The undersigned have associated and
associate themselves together for the
purpose of forming "a corporation under
Chapter SIS. Revised Laws of Minnesota
for 1905. and the several acts ameffda-
tory thereof and supplemental thereto.
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
ARTICLE 2.
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. pr,crr,
The period of duration of this cor
poration shall be twenty coy years.
ARTICLE 4. w
The names of persons forming this
corporation are j. H. Hill. f. J. Roden-
berger. Earl Howey. Henry Brandt.
ranb Olson Bert DeMaEsS Ta
berry. Ed Wallner and r: H. Budd all
residing in the County of Pine and the
State of Minnesota.
Sec. 1. The capital stock of this cor
poration shall be Five Thousand Dollars
(5,OOO.OO) divided into Five Hundred
5000 shares of Ten Dollars ($1a.O0)
each. shall be worcestershire and shall
be paid in at such times and in such
amounts as the board of directors may
determine.
be entitled to receive any dividend on
the capital stock of this corporation.
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 a president. a
vice. president. a secretary and a treas
urer. A majority of the directors
shall constitute quorum for the tran
saction of all business at the meeting
Sec 3 The directors shall be chosen
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
annual meeting of the stockholders
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
ing or until their successors snail re
duly elected ana nave Quallneu, j. n.
Hill shall be president, E. ]. Roden-
berger. vice-president. Earl Howey. sec
rotary treasurer 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. 31st.
ARTICLE Z.
The highest amount of Indebtedness
or liabilities to which this corporation
shall at any time be subject shall not
exceed the amount of it's paid-in cap
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
consent 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.
NJ -ADDRF,SSE,S