Morris tribune., 1898-03-09
ARTICLES OF INCORPORATION
OF THE
JOHNGROVELAND COMPANY
Morris, Stevens County, Minnesota.

For the purpose of organizing corpora
ton under and in accordance with the
/ provisions of title two (2) of chapter thirty
four (3D, of the General Statutes of the
State of Minnesota of 1878, and of the laws
amendatory thereof and supplementary
| thereto;
We, the undersigned do by these arti-
cles of agreement associate ourselves to-
/ gether and become incorporated under
the name below indicated, hereby as
| Suned by us, for the purpose of engaging
| in the business indicated in the following
articles which we hereby adopt and
| execute.
/ The name of this corporation shall be
| John Grove Land Company. Its prifl-
| cipal place of business shall be at Nor
eral nature ofthe business shall be buyinp
| owning, improving, selling and dealing in
land, tenements, hereditaments, real,
| and the doing and transacting of such
other business as corporation duly or.
| ganized under the laws aforesaid may law
fully do or transact.
ARTICLE II.
The time for the commencement of bus
mess by this corporation shall be October
18th, 1897, continuing thereafter during
thirty years,
The amount of the capital stock of this
corporation shall be fifty thousand dollars
shares of fifty dollars ($500O) each, whereof
not less than twenty-five thousand dollars
S25,0OO.00) shall be fully subscribed for and
fully paid on or before commencing BUSH.
ness, and no certificate for any share
thereof shall be issued to any party or for
any purpose until such share shall have
been first fully paid for and the highest
amount of Indebtedness that this corpora
ton may at any time or in the aggregate
lawfully contract or undertake 70 pay, and8
the highest amount of liability that this
corporation may at any time or in the ag-
gregate undertake shall not exceed fifteen
thousand dollars ($15,OOOOO.
ARTICLE III.
The names and places ofreSidence of the
persons forming this association for the
purpose of incorporation, are as follows,
tO-wit: n
John Grove, Norris, Stevens county, Min
neSota.
Tosten E. Dybda1, Morris, Stevens coun-
ty, Minnesota.
Edward L. Hea1y, Morris, Stevens cou1n-
ty, Minnesota.
Charles L. Shelley, Morris, Stevens
county, Minnesota.
W. A. Poland, Benson, Swift county, Min
nesota.
CT, Lord, Chicago, Cook county, Illinois.
S. +. Spear, Spring feld, Sangamon coun-
Manly B. Lord, Norris, Stevens county, .
Minnesota.
ARTICLE ".
The names of the persons constituting
and who are hereby duly appointed the
first board of directors of this corporate
are to-wit: John Grove, Charles L. Shell
ley, Manly B. Lord, Tosten E. Dybdal and
Edward L. Healy, in whom as board of
directors and their successors in Office the
government of this corporation and the
management and administration of it's
affairs are hereby vested; and the direct,
OrS above named and each of them shall
hold Office until their several successors
are duly elected or duly appointed; but
Tor in any board of directors of
this corporation) through either death,
resi- gnatlon or removal, may and shall
be forthwith filled by the remaining mem
bers of the said board of directors by
vote thereof and persons thus |
appointed directors (ie., to fill such vacan- |
cies) shall Severally be directors ii. e., be |
appointed to be dIrectors) until but not |
longer than until the next annual stock
holders meeting of this corporation.
ARTICLE V. |
The annual stockholders meeting of this |
shall be annually held at its |
general office and place of business in |
Morris, Stevens county, Minnesota, on the !
Tuesday of January in each and |
every year, beginning with the annual |
stockholders meeting of this corporation |
first to be held at 10 o'clock a. m. on the
second Tuesday of January, in the year
$780, where and when new board of di- |
rectors shall be elected, consisting of five
members; unless it shall be otherwise
then as at said stockholders meeting or
at any annual stockholders meeting of |
his corporation it may be by majority
vote. of the stockholders then present and
voting Ii. e., by majOrityVOte of the stock |
here and then represented, entitled to be |
voted and then and there actually voted, l.
determine to elect a board of directors of |
)nly three members.
Immediately after an annual election of
members to constitute a board of direct |
ors of this corporation, the said board
shall forthwith organize itself for the que |
transaction of the business of this CorpOr-
ltiOn by electing from its own members
president, vice president secretary
md treasurer; provided that either mem |
Der of said board of directors may be
elected to be both secretary and treasurer; |
provided, further, that in the discretion of
aid board of directors any stakeholder of |
his corporation or any other person |
leemed by said board of directors duly
Lualihed for and suitable to the position, |
nay be by said board of directors elected |
ither secretary or treasurer or both secre-
airy and treasurer Of this corporation and !
aid board of directors are hereby ex-
ressly vested with all sufficient power
nd authority to appoint or employ such
ther and additional agents and attorneys |
nd other employees as to the said board
f directors it may from time to time seem
the interests of this corporation; |
nd power and authority is hereby ex-
ressly conferred upon the board of direct |
rs of this corporation to adopt and enact
UGH bylaws not inconsistent herewith or
he laws of this state as shall seem need
III, suitable and adequate to the due
of it's business; and therein it
lay be provided how further and addi-
onal bylaws may be from time to time 1
dopted or any already adopted repealed,
mended or modified. III
In witness whereof, we have hereunto /
fixed our hands and seals this 18th day
October, A. ID. 1897.
JOHN GROVE, TSEAIJ
CHARLES L. SHELLEY lSEALr1
EDWARD L. HEALY, seal.
MANLY B. LORD, SEALt
=. TOSTEN E. DYBDAL, lsEALcf
In presence of: