River Market

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ARTICLE I. (NAME) The name of this association shall be River Market Community Co-op. ARTICLE II. (PURPOSE) The purpose of the association shall be to engage in a marketing, commission, warehousing, manufacturing, processing and mercantile business, and to supply and furnish to its members on a lawful and cooperative basis such supplies, commodities and property as they may require. The general nature of its business shall be to buy, sell, market, store, acquire, transport, distribute, process, produce, or otherwise deal in and procure for its members and patrons on a cooperative basis, food, clothing, supplies, minerals, feed, seed, fertilizer, electrical and other appliances, and other machinery, goods, wares and merchandise of all kinds, petroleum products, fuel oil, grease, automotive parts and accessories, and to render such services as the members and patrons may desire, and to engage in any activity connected with or related to any of such purposes. For these purposes it shall have power to: a. Borrow money from its members and others upon adequate security, to issue bonds, debentures, notes and other obligations and to secure the same by pledge, mortgage or trust deed on any property of the association; draw, make, accept, endorse, guaranteed warrants, warehouse receipts, certificates and other obligations and negotiable or transferable instruments for any purpose deemed necessary to further the objectives for which the association is formed. b. Acquire, purchase, hold, lease, encumber, sell, exchange, and convey such real estate, buildings and personal property as the business of the association may require. c. Purchase, sell, transfer, and own capital stock, bonds, and obligations of other corporations. d. Join with other cooperative corporations or associations from district, state, national or international purchasing, marketing, and service organizations; and to purchase, acquire, and hold capital stock, notes, bonds, and other obligations of such organizations. e. Do and perform every act and thing necessary and proper to the conduct of its business for the accomplishment of the purposes set forth herein or permitted by the laws of Minnesota applicable to the associations, and to have exercise all of the powers conferred upon the association by the laws of Minnesota under which it was organized, and acts amendatory thereof and supplemental there-to. ARTICLE III. (PLACE OF BUSINESS) The registered office of said association shall be in the City of Stillwater, County of Washington, State of Minnesota. Branch offices may be located at other points. ARTICLE IV. (DURATION) This association shall be perpetual. ARTICLE V. (CAPITAL) Section 1. The amount of authorized capital stock of the association shall be four hundred thousand dollars ($400,000) and shall be divided into one thousand (5000) shares of Class A stock of a par value of ten dollars ($10), thirty-four thousand shares (34,000) of Class B stock of a par value of ten dollars ($10) and five hundred (500) shares of Class C stock of a par value of one hundred dollars ($100).

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