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Midland Cooperator
Minneapolis, Hennepin County, Minnesota
What is this article about?
At the annual meeting of the North Star Co-op Oil Association in Aitkin on February 5, members discussed building a $3,000 addition to the service station, reported record sales of $42,705 (up $8,492 from 1936), net income of $4,963 enabling a 10% patronage refund, and re-elected Virgil Tarr and Otto Jackman to the board.
Merged-components note: Continuation of North Star Co-op Oil Association story from page 2 to page 3.
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NORTH STAR TO BUILD ADDITION
The building of a large addition to the present service station at Aitkin was one of the principal topics of discussion at the annual meeting of the North Star Co-op Oil Association at Aitkin February 5. It is proposed to erect a new grease and wash room, the total cost to be about $3,000.
Sales volume gained $8,492 over 1936 to reach a new high for the association of $42,705. Net income was $4,963, thus permitting a patronage refund.
Patronage refund of 10 percent and leaving a considerable balance for reserves.
Virgil Tarr and Otto Jackman were re-elected to the board. Sam Lilves, the manager, commented on the annual statement and also discussed the question of credit. Board and manager deserve commendation for the progress being made by this association.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Aitkin
Event Date
February 5
Key Persons
Outcome
sales volume reached $42,705, net income $4,963, 10% patronage refund, balance for reserves; virgil tarr and otto jackman re-elected.
Event Details
Annual meeting discussed building a $3,000 addition (grease and wash room) to the service station; manager Sam Lilves commented on annual statement and credit.