Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1898-03-16
ARTICLES OF INCORPORATION
OF THE
JOHN GR0VELAND COMPANY
Morris, Stevens County, Minnesota.

For the purpose of organizing corpo
tlon under and in accordance with t
provisions of title two "a of chapter thir
four (34l. of the General Statutes of t
State of Minnesota of 1878, and of the la,
amendatory thereof and supplemental
thereto;
We, the undersigned, do by these ar
cles OF agreement associate ourselves
gether and become Incorporated und
the name below indicated. hereby :
sumed by us, for the purpose of engagi1
in the business indicated in the folloWiI
articles which we hereby adopt al
execute.
ARTICLE I.
The name OF this corporation shall
John Grove Land Company" It's pri
cipal place of business shall be at NJ
ris, in Stevens county, Minnesota: the re
eral nature of the business shall be buVin
owning, improving, selling and dealing
land, tenements, Entertainments, res
mixed and personal estate and propertie
and the doing and transacting of sue
other business as corporation duly q
Ganized under the laws aforesaid may la1
fully do or transact.
| ARTICLE II.
The time for the commencement of bu
mess by this corporation shall be Octob,
11th, 1887, continuing thereafter durin
| thirty years.
The amount of the capital stock of tb,
corporation shall be fifty thousand dollar
| ($50,OO000), divided into one thousan
shares of fifty dollars $4,000 each, whereC
not less than twenty-fiveth thousand dollar
l$25OOO.O0) shall be fully subscribed for an
fully paid on or before commencing bus
ness, and no certificate for any shar
thereof shall be issued to any party or fo
any purpose until such share shall hav
been first fully paid for; and the highes
amount of Indebtedness that this corpora
ton may at any time or in the aggregat
lawfully contract or undertake to pay, an
the highest amount of liability that thi
nr inf I1a1
gregate undertake shall not exceed fiftee
thousand dollars ($15,0OO0O).
ARTICLE III.
Inc names and places OfreSidenCe of tn
persons forming this association for tn
purpose of incorporation, are as follows
tO-wit:
John Grove, Norris, Stevens county, Mir
nesota.
Tosten E. Dybdal, Morris, Stevens cour
ty, Minnesota.
Edward L. Healy, Norris, Stevens cour
ty, Minnesota.
Charles, L. Shelley Norris, Steven
county, Minnesota.
w. A. Poland, Benson, Swift county, Min
neSota.
CT, Lord C Chicago, Cook county, Illinois
~ Spear, Springfield, Sangamon coun
Manly B. Lord, Morris, Stevens county
The names of the persons constituting
and who are. hereby duly appointed tn
first board of directors of this Corporation
are to-wit: ohm Grove, Charles L. Shel
ley, Manly b. Lord, TOSten E. Dybdal anC
Edward L. Healy, in whom, as board O
directors and their successors in office thu
government of this corporation and tn,
management and administration of it.
affairs are hereby vested; and the direct
ors above named and each of them shall
hold office until their several successor
are duly elected or duly appointed; bu
any vacancy occurring in said board O
directors nj n
this cOrpOrat1On through either death
resignation or removal, may and shall
be forthwith filled by the remaining mem
berS of the said board of directors by
majority vote thereof, and persons thu
appointed directors lie, to fill such vacan
CieS) shall Severally be directors ii. e., b.
appointed to be d1rectorS) until but no
longer than until the next annual stock
holders meeting of this corporation.
ARTICLE V.
The annual stockholders meeting of thi
corporation shall be annually held at it
general office and place of business ii
Morris, Stevens county, Minnesota, on tn
second Tuesday of January in each ant
every year, beginning with the annua
first to be held at 10 o'clock a. m. on thu
second Tuesday of January, in the yea
1899, where and when a new board of di
rectors shall be elected, consisting of fivt
members; unless it shall be otherwise
then as at said stockholders meeting o
at any annual stockholders meeting o
this corporation it may be by majority
vote of the stockholders then present anC
voting Ii. e., by a majority vote of the stool
there and then represented, entitled to b.
voted and then and there actually voted
determine to elect a board of directors o
only three members.
Immediately after an annual election o
members to constitute a board of direct
ors of this corporation, the said board
shall forthwith organize itself for the dut
transaction of the business of this COrpor
alton by electing from it's own members
a president, vice president, a secretary
and treasurer; provided that either mem
Der of said board of directors may bt
elected to be both secretary and treasurer
provided, further, that in the discretion O
said board of directors any stakeholder O
this corporation or any other person
deemed by said board of directors duly
qualified for and suitable to the position
may be by said board of directors elected
either secretary or treasurer or both Secre
tary and treasurer of this corporation; anC
said board of directors are hereby ex
pressly vested with all sufficient power
and authority to appoint or employ such
other and additional agents and attorneys
and other employees as to the said boarC
of directors it may from time to time seen
necessary or advisable in order to best
promote the interests of this corporation
and power and authority is hereby ex
pressly conferred upon the board of direct
orS of this corporation to adopt and enact
such bylaws not inconsistent herewith OF
the laws of this state as shall seem need
full, suitable and adequate to the due
transaction of its business; and therein il
may be provided how further and addi
tional bylaws may be from time to time
adopted or any already adopted repealed
amended or modified.
In witness whereof, we have hereuntc
affixed our hands and seals this 18th day
of October, A. d. 1897,
JOHN GROVE, [SEAL.l
CHARLES L. SHELLEY lSEAL.l
EDWARD L. HEALY, lSEAL.l
MANLY B. LORD, SEAL
TOSTEN E. DYBDAL, SEAL
In presence of:
L. NJ. ToRPEY, N. A. sPooNER, witnesses