The first incarnation of the Memphremagog Yacht Club existed from 1907 to 1922. Some of its history, gleaned from contemporary newspaper reports, and more old postcard images can be found here.
The yacht club’s building, which was near the site of the present Gateway Center, was privately owned after the club’s dissolution in 1922, and it was destroyed by fire in 1946. That story, taken from Scott Wheeler’s Northland Journal can be found here.