Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1930-02-27

l
| fund or permanent surplus or may b.
set aside by vote of the stockholders
| available for distribution among thu
| members or patrons, or both, as tn,
case may be and as may be prescribed
| in the bylaws, shall be distributed on
ly on the basis of patronage. and vot
| ing by proxy shall not be permitted.
Article Nv.
The highest amount of indebtedness.
or liability to which said association
shall at any time be subject shah moi
(s25.00o.0O).
The names and residences Of the per
sons forming this association are al
l. v. S. Petersen. Askov. MINI.
2. Peter Petersen. Askov. MINI.
!: Christ Larsen. Askov. Mimi.
s. H. r. Buck. Askov. MINI.
Article vi.
The government of this association
and the management of it's affairs shall
be vested in a board of five 90 direc
tors. Such directors shall be elected by
ballot for such terms as the bylaws
may prescribe at the annual meeting
of the stockholders. which shall be hello
of January of each year. Vacancies in
the board of directors may be filled
by the remaining members of the board
the person or persons SO appointed to
ing Of the stockholders.
The names and places OF residence
of the first board Of directors. who shall
hold office until the first annual meet.
ing of the stockholders and until their
successors are elected and have quail
tied. are as follows:
!. V. s. Petersen. Askov. MINI.
2. Peter Petersen, ASkOv. MINI.
3. A. p. Jensen. Askov- MINI.
4. Christ Larsen, Askov MINI.
S. H. r. Buck. Askov. MINI.
Article VII.
The officers of the association shall
tary and a treasurer who shall be elect
ed annually by and from the directors.
The offices of secretary and treasurer
may be combined. and when so combined
the person filling such offices shah be
termed OBSERVATION-DISCLOSURES"
Until the first annual meeting Of the
stockholders and until their successors
are elected and have qualified. Christ
Larsen shall be president; H. r. Buck
shall be vice-president; V. S. Petersen
shall be secretary-treasurer of this as
ISOLATION.
Article VIII.
shall begin on the first day Of Januarw
of each year and close on the last day
of December of each year.
Article TX.
This certificate of incorporation may
be amended as provided by law.
IN TESTIMONY WHEREOF. we. the
said incorporators. have hereunto set
our hands and seals this Bird day of
March, 1928.
V. S. Petersen. (SeaD
Peter Petersen. (SeaD
A. p. Jensen. (SeaD
Christ Larsen. tSeaD
H. r. Buck. (SeaD
In presence of:
Anton Gravesen.
A. Laursen.
Be it remembered that on this 3rd
day of March. 1928. before me. notary
public within and for said county. per-
sonally appeared V. S. Petersen, Peter
and II. r. Buck. to me known to be the
persons described in the above and
foregoing instrument and whose names
are subscribed thereto and severally
that they executed the
same freely and voluntarily for the
uses and purposes therein expressed.
ANTON GRAVESEN.
Notary public. Pine county. Mimi.
My commission expires March 3. 1882.
(Notarial SeaD
The foregoing articles of incorpora-
ton examined and approved as to form
G. A. YOUNGQUIST.
Attorney General.
BY Charles +. Philips,
Asst Attorney General.
132S09
Office Of Register of Deeds
Pine County, MINI.
hereby certify that the within in
strument was filed in this office for
record on the 3rd day of May A. d. 1929.
at O'Clock a. M, and was duly record
ed in Book of Misc. on page rs.
p. L. HAMLIN.
Register of Deeds.
By G.. Deputy.
State Of Minnesota
Department Of State
FILED
April IL. 1929.
~. MIKE HOLM,
Secretary of State.
(Feb. 2O-2O