The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1936-02-13

1
Youth Administration in IL mid
west states has been announced
by Works Progress Administration
officials.
ARTICLES OF INCORPORATION
Stearns County Cooperative Elec-
trio of Stearns, Minnesota
We, the undersigned persons. act
ing for ourselves as individuals. do
for the purpose of forming a coop
| erative association under and pur-
suant to the provisions of Chapter
1926, Laws of 1928. and acts amenda-
do hereby adopt the following ar
ticles of interpretations:
ARTICLE 1. Name, Purpose, Place.
Section l. The name of this as.
saa of E ins ieeafnS o0uh
association shall be to engage in
| the production, purchase and sale of
electric energy on, the cooperative
business shall be to establish and
maintain electric plants, transmits
sion lines and such other facilities
and services as are required in the
| operation of such an enterprise. For
such purposes. it shall have the
power and authority to acquire.
own, construct. lease, contract for,
cucumber, mortgage, bond. pur-
tain and operate electric light and
power plants, transmission appli-
ances and equipment, and to own
other. real and personal property;
sociations, to form district. state
and national associations and hold
membership therein; and to have
power and authority, either, for it
do or perform every act and thing
necessary and proper. to the conduct
of it's business or the accomplish.
ment of the purposes set forth here
in or permitted by the act under
which, which this association is incor-
section 8; The principal place Of
be in the City of St. Cloud, county
ARTICLE II. (Period)
said association shall be the 27th
1ss s sba the per tSrtS
ARTICLE III. Capital stock)
The amount of capital stock Of
said cooperative association shall
and shall be divided into $500
and shall be. paid for at such
time and in such manner as
hs ordt but of nd 5n Share sSa be-
issued for less than it's par value
nor until the same has been paid
! for in cash or it's equivalent and
such payment has been deposited
ton. The association may commence
| business whenever twenty per cent
(20SO Of the authorized capital
stock has been subscribed and paid
~, hn rnf nf hn nil fol
stock outstanding shall at no time
| be diminished below twenty per
cent (20%o) of the amount of the
| authorized capital.
in this association by any individ-
! ual stockholder shall not exceed the
par value of Eight $4,000 dollars:
stockholders shall be restricted to
ISOLATION: shares Of stock shall not
| be transferable except with the ap-
proval and consent Of the govern
| ing board Of the association; inter-
est shall not be paid on outstanding
or paid up capital stock. of the as
ISOLATION in excess of six per cent
| (6%) per. annum, which shall be
non cumulative; the net income of
the association, except such amounts
| vote of the stockholders, available
| for distribution among the MEM
| bers. shall be distributed only on
the basis of patronage. and voting
| by proxy shall not be permitted.
ARTICLE Nv. Undebtedness)
The highest amount of indebted
ness or liability to which said as
! ISOLATION shall at any time be sub
jeet shall not exceed One Million
| ARTICLE v. Uncorporators)
The names and residences Of the
| persons forming this cooperative
asso SaMEs are as fSlasT5 sS5EIt
/. J. 1: Morton. st. Cloud, Minnesota
! 2. J. NJ. Miller. Sank Centre, MINI.
D. b Mjnneso :; Brinkman' Albany
4. George Determan. Melrose, Mimi.
S. Herman G. Imdieke, Belgrade.
A MsnnesGsa' vi. tGovernmeno
Section l. The government of
ment Of it's affairs shall be vested
in board Of 8 directors, which
board, after the one herein named
shall be elected by ballot by the
bylaws may prescribe, at the an
! nual meeting of the stockholders
| which shall be held at 1 o'clock p
m.., on the Third Thursday Of Nov
the baord Of directors may be filled
by the remaining members Of the
appointed to hold Office until the
ieAl dHHudl HleellHR Oh the STOCK
holders. at which time the stock
holders shall fill the vacancy for
the remainder of the term.
Section 2. The names and places
Of residence of the first board of
directors, who shall hold office un-
It'd the first annual meeting Of the
stockholders and until their sue
cessors are elected and qualified
are as follows:
NAMES RESIDENCES
/. Edwin MANI. PaynesviIIe. MINI.
2. J. l.. Morton. St. Cloud. MINI.
D. Herman Minnnsot =, lmdieke' Belgrade
4. Anton Ruff. Avon. Minnesota
5. H. G. Schulztenberge, Freeport.
Minnesota.
6. ]. NJ. Miller. Sank Centre. MINI.
2. Conrad Flicker, Watkins, MINI.
8. George Determan. Melrose, MINI.
3. Barney J. Brinkman, Albany.
Minnesota.
ARTICLE VII. Directors and Of
The officers of the association
shall be president, a vice presi-
who shall be elected annually bv
and from the directors. The offices
of the secretary and treasurer may
be combined. and when so combined.
the persons filling such office shall
be termed "secretary-treasur
Until the first annual meeting of
the stockholders and until their
successors are elected and qualified.
]. l.. Morton shall be president, j. M.
Miller shall be vice. president $500.
-. shall be secretary. and ..:.....
:. shall be treasurer Cor George bet,
erman shall be secretary-treasurer>
81 th;- ooenrio tfnn