The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-10-18
BOARD Of DIRECTORS
INCLUDES P. A, Lee
FROM GRAND FORKS
Buying and Marketing Grains,
Seeds and Grain Prod.
ucts Planned
TO OWN CROP TERMINALS
Full Cooperation With Federal
Farm Body Indicated
by Clause
TO OWN CROP TERMINALS

st. Paul, Oct. l8.-(P--The Co.
operative Farmers Northwest Grain
corporation, Incorporated for $6,Ooo,-
600. filed articles OF incorporation
with Secretary of State Mike Holm
today.
The papers arrived in the office
Just after it closed yesterday and were
filed this morning. Names Of 50 di-
rectors appear in the articles. Min.
nesota. North and South Dakota and
Montana are represented on the
board.
Incorporators are Rodger M.
Stubbs. S. S. Beach. Oscar A. Olson
Albert INNER, Theodore Frederick
son. J. E. Brin, N. F. Leines, and A.
F. Nelson.
The board of directors includes ?.
A. Lee of Grand Forks, secretary OF
the North Dakota Farmers.Grain
Dealers association. the State Farm
ers' Elevator Cooperative. and other
members of this group. Lee also is
one Of the l6 directors tentatively
named for the federal farm boards
new $2O,OO0OO0 grain corporation.
To Study National Co-op
Lee and two other directors of the
Northwest organization, F. H. Sloan.
Sioux Falls, and A. F. Nelson. MIN
neapolis. both representing the South
Dakota farmers elevator group, will
attend the Chicago meeting Oct. Is
at which the federal farm board will
continue Its study Of the National
Grain Coop. It is expected that.
when organization of the national
system is completed. some way will
be worked out by which it can assist
and cooperate with the northwest
corporation in buying and market
| ing grain.
The articles Of incorporation con-
vey broad powers. authorizing tho
buying and selling OF grains and
seeds and grain products from the
elevator associations. and the mar
keting of these products through such
channels as are deemed advisable.
Authority also is given to finance the
purchases from the elevators and for
borrowing money for this purpose.
Another clause empowers the corpor-
eSAo19 w OuS Va OGklC1 WISE 6CQuITG
terminal storage facilities and such
| other real or personal property as is
needed in the conduct of its business.
To Cooperate With board
Anticipation Of full cooperation
| with the federal farm board is shown
in clause in which the directors
are expressly authorized to enter
into such agreements. stipulations
and arrangements with the federal
farm board as may be deemed ad-
visable for obtaining, securing. pro-
tecting. safeguarding and insuring
the payment Of loans made to this
corporation by said board"
OF its initial capital and to estab-
| lish substantial credit. the associa.
tion will issue 800 900 shares Of stock,
each share to carry q voting mem
bership at $40 par per share.
The directors will meet within 80
days to elect officers, adopt bylaws
and perfect their organization. The
| place of the meeting has not been
stipulated but it probably will b in
Minnesota.
Divide State Into Districts
Under the articles. each state Is
divided into 10 districts each repre-
sented by director There also are
three directors at large from each
state, making total Of So. Another
director is to be named by the state
commissioner Of agriculture. N. J..
Holmberg in accordance with the
state cooperative marketing act.
The list OF directors includes:
Minnesota: H. F. Skyberg. East
Grand Forks: at large. w. Evans,
Montevideo: A. F. Nelson. Minneapo-
lis. Albert INNER, Jeffers.
North Dakota: Toilet Midbo, Hat
ton; A. Midgarden. Nash: Robert
Robertson. Langdon: G. J. Thoreoon.
York; Charles Bockter. Green: 3. "A.
CARRIER, Fortuna: A. L. Huus. Mako
IL: Math Boyer, Regent: A. M. Han.
non. Mott: A. NJ. Thompson. Cogs.
we'll: at large-Carter pendereas&,
Northwood: r. A. Lee, Grand Forks;
8. Elenbaum. Scranton.