ARTICLES OF INCORPORATION
We, the undersigned, do hereby as
sociate ourselves together to become a
body corporate, and we hereby adopt
the following Articles of Incorporation
to-wit:
R. H. REISER.
FRED BECKWITH.
JOE BRUDER.
J. W. MARING.
HENRY WERNER.
ROSS E. HARRIS.
ARTICLE I.
Name and Place of Business.
The name of this association shall
be, Farmers Co-Operative Mercantile
Company, and Emmett, Holt County,
Nebraska, js the principal place of
transaction of its business.
ARTICLE II.
Nature of Business.
The nature of the business of this
association is the conducting of a Co
Operative Mercantile business in all
articles of merchandise and to acquire,
own and dispose of such Real Estate
and such personal property as may be
necessary or proper in carrying on the
'business of this association. All mer
chandise to be sold on a cash basis.
ARTICLE III.
Stocks.
1. The Capital Stock of this as
sociation shall be $25,000.00, which
shall be divided into Two Hundred and
Fifty (250) shares of One Hundred
Dollars ($100) each.
2. This association shall commence
business when Seventy-five (75)
shares of stock has been subscribed
and paid in full.
3. Each stockholder of this as
sociation becomes subject to, accepts
and agrees to abide by these rules and
all future amendments enacted by the
association.
4. All shares when issued must be
registered on the books of the associa
tion in the name of the owner.
5. All transfer of stock must be
made on the books of the association,
provided: That no share of stock can
be transferred until all claims of the
association against such owner shall
have been settled.
(>. No one member of this associa
tion shall own less than one nor more
than ten shares of stock of this as
sociation.
ARTICLE IV.
Stockholders Meetings.
1. The regular annual meeting of
the stockholders shall be held on the
third Tuesday of January.
2. Special stockholders meetings
may be called at atiy time by a major
ity of the Board of Directors; every
notice of a special meeting shall con
tain a statement of the nature of the
business to come before the meeting.
3. At any meeting the stockhold
ers present may constitute a quorum
for the transaction of any business
except the amending of the Constitu
tion and By-Laws.
4. The Constitution and By-Laws
can be amended only at a regular
meeting of the stockholders, and a
majority of the stockholders must vote
for such amendment.
5. At any regular meeting or
special stockholders meeting, each
stockholder irrespective of the number
of shares of capital stock he may
own shall be entitled to only one vote
on any question that may come before
the meeting.
6. Voting by proxy shall not be
allowed at any meeting of the stock
holders, or on the Board of Directors.
Votes by mail will be accepted pro
viding the vote is in the hands of the
Secretary at the time of the meeting.
AKTIUjE V.
Officers: How Elected.
1. The officers of the association
shall be the officers of the Board of
Directors, and shall be President, Vice
President and Secretary. A Treasurer
shall be appointed by the Board of
Directors, and be under bond to the
association in such an amount as they
may see fit. The President, Vice Pres
ident and Secretary shall be elected
annually by the Board of Directors
at the annual meeting of the Board of
Directors and shall hold office for one
year; each of said officers must be a
Director.
2. The President shall preside at
all meetings of the stockholders and
directors, he shall sign all certificates
of stock; sign and execute all deeds,
contracts and instruments in writing,
when authorized to do so by the Board
of Directors, and perform such other
duties as shall be required by the
Board of Directors.
3. The Vice President shall per
form all the duties of the President
in the absence or disability of that
officer.
4. The Secretary shall keep a true
and complete record of all meetings
of the stockholders and of the Board
of Directors, countersign and issue all
stock certificates, and keep a record
of same and perform such other duties
as may be required of him by the
Board of Directors.
5. The Treasurer shall receive all
money paid into the association and
shall pay out same under direction of
the Board of Directors, keeping in a
suitable book a true account thereof.
The books of the Treasurer shall at
all times be open to the Board of
Directors.
ARTICLE VI.
Board of Directors.
1. At the annual meeting of the
stockholders, five directors shall be
elected from among the stockholders.
At the first annual meeting two of said
directors shall be elected for a term
of one year and three for a term of
two years. At subsequent meetings
all directors shall be elected for a term
of two years. After said directors
have organized and .elected officers
they shall be known as the Board of
Dirctors.
2. When a vacancy shall occur on
the Board of Directors, the remaining
directors shall proceed to fill vacancy.
The person chosen shall hold office
until the next annual meeting of the
stockholders. _ _
3. Any director failing to attend
three or more board meetings without
good cause, his office may be declared
vacant and the board proceed to fill
vacancy as provided.
ARTICLE VII.
Directors Meetings.
1. The regular meeting of the
Board of Directors shall be held or
the second Tuesday of each month
the time of said meetings shall he
determined by the board, provided
however, that one of said meetings
shall be known as the annual meeting
of the Board of Directors, and shall
he held immediately after the close of
the annual meeting of the stock
holders.
2. Special meetings of the Board
of Directors may be called by the
President or any three of the Di
rectofs.
3. ' At any meeting, regular or
special, three Directors shall consti
tute a quorum and a majority vote of
these present shall decide all
questions.
ARTICLE VIII.
1. All of the power of the associa
tion is vested in the Board of Di
rectors, and it shall be the duty of the
board to give active attention to the
business of the association, and the
board shall employ such agents and
employees as the board my deem ad
visable and fix the rate of compensa
tion.
2. The board shall have power to
remove any agent or employee for mis
conduct or incompetency o. for the
good of the association.
3. The board may call special meet
ings of the stockholders when they
may see fit.
4. The board shall have authority
to enter into any and all lawful con
tracts and obligations essential to the
transactions of its affairs.
5. The board shall have no power
to loan or to authorize any officer to
loan any of the funds of the associa
tion to themselves, to any person, or
firm or association. Annually, imme
diately after the end of the business
year the Board of Directors shall make
a division of the earnings of the as
sociation for the year as follows:
After the running expenses for the
year has been paid and if any profits
remain such profits shall be divided
equally among each share of paid up
stock.
ARTICLE IX.
Amount of Indebtedness.
The highest amount of indebtedness
to which this association shall subject
itself shall not exceed one-fourth of its
paid up stock. Provided, that no lia
bility or indebtedness shall be created
or incurred except under order of the
Beard of Directors, particularly pro
viding therefor.
ARTICLE X.
This corporation shall exist for the
period of twenty-five (25) years, from
and after the time it is legally
incorporated.
ARTICLE XI.
The stockholders of said corporation,
at any annual meeting or at any
special meeting called for that pur
pose, may adopt, change or revoke any
by-law that they may see fit.
The State of Nebraska, Holt County,
ss *
On this 13th day of March, A. D.
1920, before me the undersigned, a
Notary Public in and for said County,
duly commissioned and qualified per
sonally came the above named
R. H. Reiser, Fred Backwith, Joe
Bruder, J. W. Maring, Henry Werner
and Ross E. Harris, to me personally
known to be the identical persons
whose names are affixed to the above
instrument, and they acknowledged
the execution of said instrument to be
their voluntary act and deed for the
purposes therein expressed.
Witness my hand and Notorial. Seal
the day and year last above written.
(Seal) W. P. Daily,
42-5 Notary Public.
My Commission Expires April 20,1925.
“Why R. H. Parker Circulated a Peti
tion Against Paving the Streets.”
(Continued from page five.)
and ~the state, the county and the
township to spend large sums of money
in building up the country roads. We
are prone to criticize the farmers and
road officials if they do not keep up
the country roads, and if we encounter
a bad strip of road or a bad mud hole,
and we would be very indignant if the
International Federal Highway did not
come through O’Neill so as to bring
the tourists through here, and we want
the roads fixed up good leading in and
out of O’Neill, but when it comes to
picking the farmers loads up out of
the mud when they strike the town,
where it is going to cost the city some
thing, we do not want to do that.
- ■■ -
If wo do not want to pavo our
streets for that and general purposes,
why should we ask the federal road to
come through here? Why should we
ask the farmers to fix up the country
roads ? And why should we ask them
to haul their produce here if we do
not want to do our part?
While there may be a few men in
O’Neill that believe that this town is
a place only to make some money for
themselves, and is not a fit place to
spend the winters or the dull times,
and that class and the class who are
against the promotion and development
of the town are in the minority and
will be in the minority unless they
knock out the paving. It is up to
every progressive citizen and every
property owner in O’Neill to put their
shoulder to the wheel and boost for
paving and all other public improve
ments.
Respectfuly,
C. M. DALY.
PRACTICING.
It was a dark night at Camp Grant,
111. Footsteps of a horse were heard
approaching. “Halt! Who goes there?”
barked the rookie. “Regimental com
mander.” “Dismount, colonel, and ad
vance to be recognized.” The colonel
dismounted and came over to the
rookie, who presented arms with a
snap. “Proceed, colonel,” he said. As
he laboriously got back on his horse
the colonel asked, “By the way, who
posted you there?” “Oh, nobody,” re
plied the sentry: “I’m just practic
ing.” _
MADNESS OF AMBITION.
Oliver Herford sat next to a soul
ful poetess at dinner one night, and
that dreamy one turned her sad eyes
upon him. “Have you no other am
bition, Mr. Herford,” she demanded,
“than to force people to degrade them
selves by laughter?”
Yes, Hereford had an ambition. A
whale of an ambition. Some day he
[ hoped to gratify it.
The woman rested her elbows on
the table and propped her face in her
long, sad hands, and blowed into Mr.
Hereford’s eyes. “Oh, Mr. Herford,”
she said, “Oliver! Tell me about it.”
“I want to throw an egg into an
electric fan,” said Herford.—Pitts
burgh Chronicle-Telegraph.
A girl was putting up some decor
ations in a church when the minister
happened to look in. Seeing some
tacks lying about in the pulpit he said:
“You should not leave the tacks there,
Katie. Now what would happen if I
stepped on one in the middle of the
sermon next Sunday.” “Oh, well,”
said Katie, “there would be one point
you wouldn’t linger on long, anyway.”
' jwp’s7
Ich<®>brAC£
RELIEVES TIRED
FEET
'makes
/ALKING EASY
Jstis^ti0moneyTefumkd
Sent Post Paid anywhere on receipt
of Price—$1.00 per pair.
M. F. KIRWIN,O’Neill,Neb.
pqtqgjpg*'-]
l ris) :
IT* A OK MAR" Rrtl»TM_IOi a
VTOU can ba certain 1
* of two things about f i
batteries—first, that if
you take proper care ■ i
of any good battery J ]
£ its life will be materi- i 1
ft 1 ally lengthened; and ! !
A a second,that if the bat- j J
jjj % tery you buy is a i £
SajS Still Better Willard jj ft
i with Threaded Rub- ■ i
,5 ft ber Insulation you f [ f
L I X not only have a good f > ^
j £ j§ battery but a brand \ ! «£
i i « new one.
11J McDermott | j
I j; smith \::
; ; Distributors !
; O’Neill |
- Valentine, I
' w
I Norfolk Building and Loan j j
Association. |j
Building and Loan Associations are becoming
more and more popular every day due to a bet- I:
ter understanding of their working principles.
As a means of assisting the HOME SEEKER £:
to acquire a HOME they are unexcelled. The £
N orfoik Building and Loan Association has been l \
a great aid in the development of many towns £I
and communities and with its increased power
and ability, can be of still greater help in the | •
future. AVAIL yourself of these opportunities
to own your own Home or Business Property.
Call or write i;
JOHN L. OUIG, Agent] j
-FOR
I NORFOLK BUILDING & LOAN ASSOCIATION
aaiafflfflffliamL I
_ _^■———— ■
A
THE UNIVERSAL CAR
The Ford Model T one-ton truck is
proving a splendid time and money- i
saver on the farm. It is very flexible ■
in control, strong and dependable in
service. It has really become one of
„ _ «> the farm
‘ ers’ neces
I! II half a dozen teams and
it won’t “eat its head
off” when not working.
| The very low price makes it popular
;; I with shrewd farmers who analyze >
l|| conditions on the farm. Let's talk it
; over, Mr. Farmer. Price, without
body, $600 f. o. b. Detroit. We have
■ ;; them in our garage ready to deliver
to you. Come in and drive one home.
I I J. B. Mellor, Agent
°’Nei11, Ncbr
s. f
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I
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