Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1940-05-09
ARTICLES OF INCORPORATION OF
NORTH PINE ELECTRIC COOP
ERATIVE, INC.

We, the undersigned persons of full
age, acting for ourselves as individuals,
for the purpose of forming a cooperative
provisions of Chapter 1926. Laws of Mime
sofa, 1928, and laws amendatory thereof
and supplementary thereto. do hereby
adopt the following Articles Of fncorpora-
tion
ARTICLE
Section l. The name of this Association
shall be North Pine Electric Cooperative.
Inc.
Section 2. The conduct of the business of
this Association shall be upon the cooper
ative plan and the general nature of its
business and the purpose or purposes for
which it is formed are:
(a) to generate, manufacture, purchase,
acquire and accumulate electric energy
for its members and to transmit, dis
tribute, furnish, sell and dispose of such
electric energy to its members only, and
to construct. erect. purchase, lease as
lessee and in any manner acquire, own,
hold, maintain operate, sell. dispose of.
lease as lessor, exchange and mortgage
plants, buildings, works, machinery sup
plies, apparatus, equipment and electric
transmission and distribution lines or
systems necessary, convenient or useful
for carrying out and accomplishing any
or all OF the foregoing purposes;
and, to the extent permitted by law,
and in any G manner dispose of franchises.
and easements necessary, useful or APP
propriate to accomplish any or all of
the purposes of the Association;
(c) to purchase, receive, lease as lessee,
or in any other manner acquire, own,
hold. maintain, use, convey, sell. lease
as lessor, exchange, mortgage, pledge or
otherwise dispose of any and all real
and personal property or any interest
therein necessary, useful or appropriate
to enable the Association to accomplish
any or all of its purposes;
70 CT MOI fo Hxyiro oi,-
premises and install therein electrical
and plumbing appliances, fixtures, ma
chinery; supplies. apparatus and equip
Including, without limiting the general
ity of the foregoing. such as are APP
plicable to water supply and sewage
and for such purposes. to purchase, &C.
Quire, lease. sell, distribute, install and
repair electrical and plumbing appli-
p parstus and equipment Of any and a ali
kinds and character Including, without
limiting the generality of the foregoing,
and sewage disposaD and to receive,
acquire. endorse, pledge, guarantee,
hypothecate, transfer or otherwise dis
pose OF notes and l., other evidences OF
(e) to borrow money. to make and issue
bonds, notes and other evidences of in
debtedness, secured or unsecured, for
moneys borrowed or in payment for
property acquired, or for any of the
other objects or purposes of the Asso-
citation; to secure the payment of such
bonds. notes or other evidences of in
debtedness by mortgage or mortgages,
or deed or deeds of trust upon. or by
the pledge of or other lien upon, any
or all Of the property. rights. privi-
leges or permits of the Association,
wheresoever situated, acquired or to be
acquired; and
81 to do and perform, either for itself
or its members, any and all acts and
things, and to have and exercise any
and all powers, as may be necessary or
convenient to accomplish any or all
of the foregoing purposes, or as may be
Association is formed: provided, how
ever, that the conduct of the business